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Ether hit a two-month high as the planned software upgrade to the Ethereum blockchain underwent a major successful test, paving the way for one of the most significant changes in the cryptocurrency sector as Ethereum transitions to Ethereum 2.0, and from Proof of Work to Proof of Stake.
As Bloomberg reports, “the Goerli test conducted late Wednesday New York time was a kind of dress-rehearsal for switching the Ethereum network from proof-of-work to a more energy-efficient proof-of-stake system. The full shift is expected next month.”
Maybe things will start looking up? Who knows….
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