cryptocurrency<\/a>, tumbled nearly 8% to $1,502. Ethereum is transitioning to proof-of-stake for its consensus protocol. The latest upgrade to the Ethereum network, known as Bellatrix, was activated on September 6, 2022. It officially kicks off the blockchain\u2019s transition, known as the Merge, from proof of work to proof of stake. The proof-of-work mechanism requires powerful computers, called the miners, to secure the network and earn rewards in Ether.<\/p>\n The next step after Bellarix will be the Paris upgrade, which boots off the miners to finalize the Merge. That upgrade is set to happen next week. The Merge has been on Ethereum\u2019s roadmap since the blockchain\u2019s inception in 2015. Despite multiple delays in the past several years, crypto investors are betting on the Merge finally happening this year based on developers\u2019 updates and a few successful test runs earlier this year.<\/p>\n
Meanwhile, dogecoin price today was trading over 8% lower at $0.05 whereas Shiba Inu fell plunged about 5% to $0.000012. Other crypto prices’ today performance also declined as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices were trading with cuts over the last 24 hours.\u00a0<\/p>\n
(With inputs from agencies)<\/i><\/p>\n