Ethereum Merge speeds up block creation

Some of the most notable post-merger blockchain improvements include a sharp increase in daily block creation and a significant decrease in average block time. The Merge upgrade for Ethereum, which was primarily aimed at transforming the blockchain into a proof-of-stake (PoS) consensus mechanism, turned out to have a positive impact on the creation of new Ethereum blocks.

Merge was considered one of the most important upgrades for Ethereum. As a result of the hype, numerous misconceptions about cheaper gas fees and faster transactions plagued the crypto ecosystem, debunked by Cointelegraph. However, some of the obvious improvements experienced by the post-Merger blockchain include a sharp increase in daily block creation and a significant reduction in average block time. On September 15th, Ethereum completed the Merge upgrade after successfully transitioning the network to PoS. On the same day, the number of blocks created per day increased by about 18%, from about 6,000 blocks to 7,100 blocks per day. Complementing this move, the average block time - the time it takes for miners or validators on a network to verify transactions - dropped by over 13% for Ethereum, as evidenced by data from YCharts. The above findings demonstrate the positive impact of the Merge upgrade on the Ethereum blockchain. Following the Ethereum upgrade, GPU prices in China experienced a significant drop as the blockchain moved away from the power-intensive proof-of-work (PoW) consensus mechanism. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!