The proof-of-stake system has been switched from a proof-of-work to a proof-of-stake system by the ethereum block.
It's a big win for the environment as it puts energy intensive mining operations out of business.
Massive piles of power-hungry hardware are sitting on mining outfits' shoulders. A group of people banded together to create a hard fork of the digital currency.
It's not going well. The fork was yesterday, and ETHPoW is down 55 percent.
There is a five percent decrease in ether over the same period.
It's too early to say for sure, but it might be a sign that the merge could be a good thing for the future of the industry.
Following the merger of the two systems, the ETHPoW went live. Users experienced major issues accessing the network after the launch.
Vitalik Buterin dismissed ETHPoW supporters as simply trying to make a quick buck.
It's sad that businesses want to keep the status quo from changing.
It's not possible to predict where ether and its forks will end up.
We've seen that it's possible for mainstreamcryptocurrencies to shed a lot of their carbon footprint, which is something we should celebrate, not fight.
The forked ether token surged after the event.
The price of ether fell after the merger.
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