Ethereum integration has officially taken place, which marks the full transition of the network to proof-of-stake (PoS) signaling.
On September 15th at 06:42:42 UTC, block 15537393 saw the much-anticipated merger of Ethereum’s mainnet execution layer and Beacon Chain’s consensus layer merging at a terminal total of 5875000000000000000, meaning the network will never again. Work verification-agreement method.
The Ethereum Foundation integration will make the Ethereum network 99.95% more energy efficient and future proof solutions, including sharding.
Ethereum founder Vitalik Buterin celebrated the merger on Twitter moments after the historic transition took place.
And we are done!
Happy integration everyone. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merger happen should be very proud today.
– vitalik.eth (@VitalikButerin) September 15, 2022
Eli Ben-Sasson, president and founder of Starkware, told Cointelegraph: “The immediate need for integration is its dramatic effect on energy consumption.
Ben-Sasson also said it marks “the first step in the process of Ethereum becoming more widely accepted.”
“A chain reaction of changes will begin. The end result will be the much wider use of Ethereum’s computing power and the general population’s use of blockchain-based applications in various areas of life.”
The integration comes on the back of several years of hard work from the Ethereum Foundation.
.@VitalikButerin he said. #Ethereum After 5 key steps are completed, it can process “100,000 transactions per second”.
• Integration
• Storm
• Dar
• The cleaning
• SplurgeA quick breakdown of what each level means $ETH. pic.twitter.com/FnaWww8mHZ
— Miles Deutscher (@milesdeutscher) July 22, 2022
After the merger, “Srge”, “Verge”, “Purge” and “Splurge” are the last steps left on the Ethereum technical road map.
Related: It’s on! Where to get the Ethereum integration live
Surge increases throughput with sharding, Verge achieves statelessness with vercal trees, Cleanup removes historical data and technical debt, and Splurge includes several small miscellaneous improvements.
Famous designer Beeple celebrated the combination with a sci-fi example:
Integration pic.twitter.com/7tdfNZiuuv
— beeple (@beeple) September 15, 2022
The Ethereum merger officially took place at block 15537393 on September 15th 06:42:42 UTC, transitioning the network from proof-of-work to proof-of-stake.