Ethereum merger complete, $195 billion cryptocurrency starts a new era.

Six years in the making, the most sophisticated update in cryptocurrency history has been completed.

Ethereum has completed a significant software update.

The long-awaited “The Merge” will reduce Ethereum’s energy consumption by around 99.95%.

Merge refers to merging the leading Ethereum network with a separate network.

“Happy merger everyone,” Vitalik Buterin, who helped create Ethereum, said on Twitter.

One Ethereum transaction is equivalent to the weekly energy consumption of an average American household.

Ethereum has dropped 0.7%, and analysts say the upgrade could significantly impact the cryptocurrency world in the long run.