The ETH Merge Is Here
Is it just me or does it seem like the Ethereum Merge (i.e. from the Proof-of-Work to the Proof-of-Stake Consensus Mechanism) was a way bigger deal last Christmas when my crypto-bro-cousin got drunk and couldn't stop talking about it?
The fact is that this is a massive achievement from a technical perspective, but it's coming at a time when a lot of popular culture has moved on. The gas wars are over and owning a picture of a rock doesn't seem as cool as it once did. ETH is not reacting as many thought it would—it’s currently down ~8% post merge.
That being said, this is a huge moment in crypto history and for open source software more generally. This also serves a "no news is good news" situation in terms of how smooth this transition went technically. The work of Vitalk Buterin & co to make this a reality will have a profound impact (like reducing worldwide electricity consumption by 0.2%) and sets the stage for (hopefully) not paying $1,000 in gas fees during the next bull run...
Other stonky stuff to be aware of: