Some of the evident improvements experienced by the blockchain after the merger include a sharp increase in daily blocking and a significant decrease in average block time.
It was revealed that the merger update for Ethereum, which mainly tried to transition the blockchain to a Proof-of-Stake (PoS) consensus mechanism, had a positive impact on the creation of new Ethereum blocks.
The merger was considered one of the biggest upgrades for Ethereum. As a result of the hype, many misconceptions about cheaper gas rates and faster transactions plagued the crypto ecosystem, which were debunked by Cointelegraph. However, some of the glaring improvements in blockchain after the merger include a sharp increase in daily block creation and a significant decrease in average block time.
Ethereum blocks per day. Source: YCharts
On September 15, Ethereum completed the merge upgrade after successfully converting the network to PoS. On the same day, the number of blocks created each day increased by about 18%, from about 6,000 blocks to 7,100 blocks per day.
Average block time (EBT) of Ethereum. Source: YCharts
Complementing this move, the average block time – the time it takes for miners or validators in a network to verify transactions – for Ethereum has fallen more than 13%, as YCharts data shows.
The above results show the positive impact of the merger update on the Ethereum blockchain.
Related: Ethereum Merge ‘Smoothly Executed’, Says Starkware Co-Founder
After the Ethereum upgrade, GPU prices in China saw a significant drop as the blockchain moved away from the power-hungry Proof-of-Work (PoW) consensus mechanism.
As Cointelegraph reported, the price of the Nvidia GeForce RTX 3080 dropped from 8,000 yuan, or $1,118, to 5,000 yuan in three months, according to a Chinese retailer. The retailer went on to claim that no one in China buys new computers, let alone new GPUs.