The Merge went live on Sept. 15, moving it to a less energy-intensive “proof of stake” system with hardly a hiccup. Even though anticipation of the event had seen ether rise about 85% from its June doldrums, it has since sunk 19%, hit along with bitcoin and other risky assets by investor angst over inflation and central-bank policy. Many market players are bullish about the long-term prospects of Ethereum and its native cryptocurrency. The next significant upgrade for the “Shanghai”, expected by market participants in around six months’ time, is aimed at reducing its high transaction costs.Read Long Article
