$ETH Price Surges After What Vitalik Calls ‘A Big Moment for the Ethereum Ecosystem’
Around 7:00 a.m. UTC on September 15, Ethereum’s Merge upgrade was completed, which means that the Ethereum network is now only using proof-of-stake (PoS) consensus.
Ethereum creator Vitalik Buterin called this successful upgrade “a big moment for the Ethereum ecosystem”:
Martin Köppelmann, who is the Co-Founder and CEO of Gnosis commented on how stable the Ethereum network is post Merge:
Joseph Lubin, Co-Founder of Ethereum Foundation and Founder of ConsenSys, congratulated the Ethereum community:
Binance tweeted that $ETH deposits and withdrawals had been resumed:
According to data by TradingView, on crypto exchange Bitstamp, minutes after the merge (around 7:20 a.m. UTC on September 15), ETH-USD had surged to $1,652. Currently (as of 8:12 a.m. UTC), ETH-USD is trading around $1,624.
One hour after the Merge was completed, one of the co-founders of RoverX posted this photo of Merge celebration in Bengaluru, India:
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