Bitcoin (BTC) bull and Galaxy Digital CEO Mike Novogratz, the second largest blockchain after the Merge upgrade Ethereum He spoke laudatory words for him.
Novogratz Expresses Admiration for Ethereum Update Success
Novogratz says he is “admired” after the successful transition of the Ethereum Blockchain to Proof of Stake.
On the other hand, Novogratz claims that ETH’s massive upgrade is “proof” that a crypto community can solve a giant problem.
Merge finally went live early yesterday, marking the start of a new era for the world’s second largest blockchain.
The highly anticipated event was the subject of widespread mainstream news. The leading names in the cryptocurrency industry began to praise Ethereum after the implementation of the upgrade.
Cardano’s Charles Hoskinson described the blockchain transition to Proof of Stake as a “victory” for the entire cryptocurrency space.
Colorado Governor Jared Polls also congratulated Vitalik Buterin, co-founder of ETH.
While the upgrade won’t make ETH more scalable for now, it will significantly reduce Ethereum’s energy consumption and add its main Bitcoin competitor to the list of “green” Blockchains.
In August, Novogratz said that the enthusiasm surrounding Merge will continue to draw money into ETH.
Despite the successful completion of the Merge upgrade, the price of Ethereum (ETH) has dropped more than 9% today.
Novogratz stated that it will take “some time” for Bitcoin and ETH to recover due to the increasingly harsh monetary policy of the US Federal Reserve.
*Not investment advice.
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