The Ethereum blockchain successfully upgraded to proof-of-stake. Welcome to the new era of crypto!
The second-largest blockchain now runs on the hugely efficient proof-of-stake protocol.
Despite the success, ETHUSD fell below $1,600 today, and ETHBTC is down 2.8%. The buy rumors, sell facts strategy proved to be suitable for traders.
The change is enormous in practice and regarding Ethereum’s public image. The blockchain now consumes just 0.1% of the energy it used before the upgrade. The cryptocurrency is receiving a “green” label, and it’s less likely that legislators will ban it or tax it. Given the rising energy prices, it’s a huge benefit.
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Don’t forget about the Stake&Trade accounts. SimpleFX traders can stake any amount, add rewards to their accounts daily, and use the locked ETH for trading!