Ethereum is one step closer to its long-awaited software upgrade after the “dress rehearsal” merge at the second-largest blockchain successfully completed on Wednesday.
“It seems like a general success,” said Ethereum Core developer Danny Ryan during an Ethereum Core developer call shortly after the test merge, noting some software bugs were detected. “We’ve seen this in the past, fortunately it's very often minor things… we’ll probably see some post-mortems in the next day or so.”
Investors are carefully watching the steps leading up to Ethereum’s software transition, projecting it could dramatically shift the second-largest cryptocurrency’s value, especially as the crypto market remains defined by selloffs for most of 2022.
On Wednesday around noon, ether changed hands at $1,800 soon after the merge completed, seeing a slight rise of 1% on the day. It still remains down 51% year to date from $3,829.
“While the industry will be excited when the merge happens, most traders are...
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