What is ethereum's'merge'?

A major event the crypto industry has long been awaiting finally happened: Ethereum's "Merge," which proponents say could boost crypto prices in the long run and significantly change the future of cryptocurrency. The Merge is an upgrade to the Ethereum blockchain, which powers innovations in the crypto ecosystem like non-fungible tokens (NFTs).

When did the Ethereum merge happen?

After many delays, the Merge finally took place during the early hours of Sept. 15, according to a tweet from Ethereum co-founder Vitalik Buterin. Why did the Ethereum Merge happen? Proponents say that the transition allows the Ethereum network to reduce its energy consumption by around 99%.

What will a successful ETH merge mean for the ETH market?

A successful merge "should put a strong bid under the price of ETH and help it resume its upward trend," Alex Tapscott, managing director of Ninepoint Partners' digital asset group, told Money via email ahead of the event.

Is ETH 2 a new cryptocurrency?

No. ETH 2 is not a new cryptocurrency, and ETH will remain the only Ethereum native cryptocurrency. “ETH 2” simply refers to the new PoS blockchain that went live as Ethereum’s main blockchain network after the merge.