Your day has finally come the long-awaited Ethereum merge has just been completed. This implies the Ethereum blockchain, which serves because the key pillar for some NFT projects and over 71 million wallets, will transition from Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. Heres how Twitter reacted.
Twitter reacts to the long-awaited merge
Ethereum co-founder Vitalik Buterin was the first ever to announce the finalisation of the Ethereum merge on Twitter. Marking this pivotal moment for Ethereum, he tweeted: And we finalized! Happy merge all. It is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today,.
In reaction to the Merge,@dub1d replied: Never seen Vitalik look so excited, no real surprise done well all eth devs
Worked up about The Merge! Among the coolest types of sustained, ambitious, technically difficult open source development. Congratulations and all the best to @VitalikButerin also to the Ethereum community, tweeted Stripe CEO @patrickc.
Others took the chance to go over what the merge means, with @DaitoYoshi pointing out: No-one is discussing the way the Merge will certainly reduce the necessity for Solana by 99.5%.
@jchervinsky also tweeted: You dont need to be an Etherean to be excited for the Merge. Its an incredible achievement in the annals of open-source software & one which will lay bare the hollowness of Web3 skeptics who used environmental concern trolling to disguise their hatred for crypto & now must pivot.
The NFT influencer also highlights that the merge will certainly reduce Ethereums carbon emissions by a lot more than 99 percent. Since it’s the hottest blockchain for NFTs, the merge will greatly impact the popularity of less popular, eco-friendly blockchains like Solana.
And in addition, the Ethereum merge hype also led some enthusiasts to create rash decisions. Someone just paid 36 ETH in gas to mint this. The initial minted NFT on proof stake, tweeted @CirrusNFT, alongside an image of the minted NFT.
How come the proceed to Proof Stake so important?
The Ethereum merge can be an essential step of progress, since it eliminated the necessity for mining new blocks. It is because the network is currently secured using validators and staked ETH.
In accordance with Digiconomists Alex de Vries, Ethereum mining was equal to the carbon footprint of Switzerland. When discussing the merge, he said it means the electricity usage of a country like Portugal vanishing overnight.
Undoubtedly, it has a massive effect on the surroundings. Because of this, this can also change the discourse on NFTs and the surroundings. While Ethereum still faces challenges with regards to scaling, accommodating large volumes of transactions, and reducing gas fees, the merge will ease some concerns about NFTs and the surroundings.
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