Ethereum Historic day for crypto as Ethereum Merge The Ethereum proof-of-stake consensus mechanism will cut energy consumption by a massive 99.95% compared to the proof-of-work system. The Ethereum Merge has officially taken place, marking the full transition of the network to proof-of-stake (PoS).  On Sept. 15 at 06:42:42 UTC at block 15537393, the long-awaited Merge saw the...