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Ethereum Merge, Secret Messages Were Found In The Final PoW And First PoS Blocks

16 Sep 2022 By: Rohit Khandelwal
Ethereum Merge, Secr

Ethereum Merge

At block height 15537394, the Ethereum Merge was successfully finished on September 15. VanityBlocks and HashKey Capital have hidden messages for the community in the first and last proof-of-stake (PoS) blocks.

Secret Messages Are Dropped by Block Producers in the Last PoW and First PoS Transactions

The most complicated and eagerly awaited improvement in cryptography's history was witnessed by the community. On September 15 at 06:42:42, the execution layer of Ethereum Mainnet and the consensus layer of the Beacon Chain have finally joined. It's interesting to note that by switching from PoW to PoS, Ethereum will use about 99.95% less energy overall.

The most recent PoW block, produced by F2Pool, contains just one transaction and one contract internal transaction. In the deal, VanityBlocks quotes Terence McKenna, an American ethnobotanist and mystic, as saying: "Make the commitment and nature will respond to that commitment by removing unfathomable obstructions." The world won't break you if you have an unattainable desire; rather, it will make you stronger. This is the trick.

The remark actually refers to the dedication of Ethereum researchers, developers, organisers, clients, and other parties involved in the Merge. Additionally, Ethereum's seamless shift from PoW to PoS was made possible by years of continual development, updates, testing, and repairing. In a transaction on the first PoS block, HashKey Capital has also left a message.

Additionally, the prize for the first PoS block is 45.03 ETH, or more than $72,000. 80 transactions and 1 contract internal transaction are present in the block. The prizes for the succeeding blocks, however, are notably minimal.

The Ethereum ecosystem has undergone a paradigm shift with The Merge. Now that the Merge has been finished, developers may concentrate on the Ethereum Roadmap's Surge, Verge, Purge, and Splurge phases. The Ethereum ecosystem will become even more scalable, effective, quick, and secure as a result.

After the successful Ethereum Merge, Vitalik Buterin, another co-founder of Ethereum, praised the community in a tweet.

Post-Merger Price Deflation for Ethereum (ETH)

The EIP-1559 burning mechanism will result in a decrease in the supply of Ethereum (ETH) that is currently in circulation. According to latest data, the Merge eliminated close to 200 ETH supply from circulation.

After the Merge, the price of ETH has dropped. The price of ETH is 2% lower at $1,590 as of this writing. The market capitalization has also fallen 2% to $190 billion.