Ethereum Soars 13% After Completing Its Merger And Leads Crypto To A New Rally

Ansar Dietrich, a researcher at the Ethereum Foundation, said in a tweet that the most relevant metric for success when it comes to this kind of testing is looking at completion time. He called it “another successful test”.

Activation of PoS (Proof of Stake Consensus) on the Georli testnet is the final step that needs to be done by ETH developers before starting the process of merging current Ethereum into Proof of Work (PoW) consensus. With a series of beacons. Which already works in PoS. This change is expected to be fully implemented next month on September 19.

co-founder of ethereum, Vitalik Buterin, Retweeted a post saying that Proof had triggered the proof-of-stake method. In another tweet, Tim Beiko, a computer scientist who coordinates Ethereum developers, posted a screenshot saying the test was successful. Kunal Goel, a research analyst at cryptocurrency intelligence firm Messari, also said that the Goerli test was passed.

With the transition from Ethereum to PoS, Investor interest in this cryptocurrency is also increasingWhich was also confirmed by the recent numbers of crypto funds, which registered the seventh consecutive positive week in the case of ETH funds.

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