The Merge update has been successfully launched on the Ethereu | Token Daily

The Merge update has been successfully launched on the Ethereum network. The event is truly unique. Thanks to him, Ethereum switched to Proof of stake consensus, which will automatically reduce emissions and network energy consumption by more than 99%. Emissions will also fall by more than 90%.

By reducing the cost of electricity and equipment, there will be no need for daily sales of the received remuneration. Previously, it was 13.5 thousand ETH per day. All this, coupled with burning some of the coins, will help make Ethereum deflationary (or at least micro-inflationary).

Buterin also stated that in the future, the Ethereum network will be able to overtake the bandwidth of Visa and reach 100,000 transactions per second.

Today the price of ETH is around $1600. And given all the positive changes, it will be interesting to compare it in a year, two, and so on. It all looks very, very promising.