After successfully transitioning to PoS, Ethereum finished The Merge upgrade on September 15. The variety of blocks created each day (EBC), jumped by 18% from roughly 6,000 to 7100 blocks per daily that day.
According to a Chinese merchant, the Nvidia GeForceRTX 3080s expense dropped from $1118 (or 8,000 yuan) to 5,000 within 3 months. According to the merchant, nobody in China is buying new computer systems or GPUs.
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Ethereum blocks daily. Source: YCharts
These findings show the positive impact of The Merge on Ethereums blockchain.
Combine upgrade for Ethereum, which mainly intended to transform the blockchain into a Proof-of-Stake (PoS), consensus system, was shown to have a positive effect on the creation and use of brand-new Ethereum blocks.
This was matched by a drop in the average block time for Ethereum, which is the time taken by validators or miners within a network verify deals. Data from YCharts supports this.
The Merge was one of the most important upgrades to Ethereum. Cointelegraph eliminated lots of myths about more affordable gas fees and faster deals that were developed by the buzz surrounding the Merge. The blockchain has seen some significant enhancements post-Merge, consisting of a substantial increase in block creation per day and a reduction in block time.
The Merge was one of the most crucial upgrades to Ethereum. Cointelegraph dispelled many misconceptions about cheaper gas fees and faster transactions that were developed by the buzz surrounding the Merge. The blockchain has seen some significant enhancements post-Merge, consisting of a considerable boost in block production daily and a reduction in block time.
Related: Starkware cofounder says Ethereum Merge was “performed perfectly”.
The Ethereum upgrade saw a dramatic drop in GPU rates in China as the blockchain abandoned the PoW agreement system, which is power-intensive.
Average block time in Ethereum (EBT). Source: YCharts