Ethereum Upgrade, The Merge Implemented On Goerli Testnet, ETH Price Jumps 74 % In Last 30 Days

The Mege update has been successfully implemented on the third and final Ethereum testnet, Goerli, after previously adding upgrade support to the Sepolia and Ropsten testnets. It was added to Goerli on Wednesday evening and switched to a full proof-of-stake (PoS) network.

The transition to PoS in the Goerli testnet is complete

The Ethereum update is getting closer by the day and is expected to happen in the week of September 19, according to a date recently revealed by Ethereum developers. The new PoS system was added to the first Ethereum testnets Ropsten and Sepolia, and the latest implementation took place on the Goerli testnet. The upgrade occurred when the network's total terminal difficulty (TTD) exceeded 10,790,000.

This news follows the controversy surrounding The Merge, when several members of the crypto community plan to fork the chain and create a new version of Ethereum for PoW. Vitalik Buterin recently condemned the PoW fork concept and stablecoin issuer Tether announced its full intention to support the PoS version after the update.

"Tether believes that in order to avoid any disruption to the community, especially when using our tokens in DeFi projects and platforms, it is important that the transition to PoS does not cause confusion and damage to the ecosystem," she stated company. “For this reason, Tether will closely monitor the progress and preparations of this event and will support Ethereum PoS in accordance with the official schedule,” she added.

Ethereum "will reduce energy consumption -200x"

Prior to the implementation of The Merge on the Ethereum blockchain's Goerli testnet, Vitalik Buterin's father, Dmitry Buterin, posted on Facebook about the transition and shared a picture of him playing chess with his son. “You watch Michael Saylor's Youtube videos talking about the 10 commandments. Today, Ethereum teams are preparing to implement The Merge on the Goerli testnet, the last before the merge, which will reduce Ethereum's energy consumption by up to -200x. We are not the same,” wrote Dmitry.

Meanwhile, the price Ethereum (ETH) it has grown by 4.1 % in the last 24 hours, and at the time of writing, one ether is selling for $1,895 per coin. Ethereum is up 74.5 % against the US dollar in the last 30 days. Statistics taken at 2:31 Thursday morning (EST) indicate that Ethereum's hashrate is still above the range of 1 petahash per second (PH/s), or approximately 1,003,402,659,273,349 hashes per second (H/s).

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