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Ethereum Finishes Long-Awaited Energy-Saving ‘Merge’ Upgrade

  • Software revision seen cutting network electricity use by 99%
  • Danger of bugs and other hiccups remain as the chain forks
Bloomberg business news
WATCH: Ethereum has completed its long-awaited software upgrade. Coinshares head of research James Butterfill discusses the impact of the change.Source: Bloomberg
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Ethereum has completed a key revamp of its network, marking the crypto world’s most-ambitious software upgrade to date and paving the way for changes that could fuel more usage of the commercial blockchain.

Called the Merge, the upgrade completed in the early hours of Thursday, according to a Twitter post by Ethereum co-founder Vitalik Buterin.