It’s not a new all-time high, but any good news is something to covet incrypto winter.
Ether has been hit particularly hard by therecession fears that have gripped the global economy.
It hit its nadir on June 19, according to CoinMarketCap, briefly sliding to $993.
The Ethereum Merge will see the blockchain transition from its current proof-of-work system to proof of stake.
What does that crypto mumbo-jumbo mean?
As a result, it’s estimated that ethereum will see its carbon footprint drop by 99.65%.
you’re free to find afull explanation of the Ethereum Merge here.
