After years of delay, the Ethereum blockchain has officially migrated to the proof-of-stake (PoS) consensus mechanism as the anticipated “Merge” finally occurred around the block height of 15,537,391. The co-founder of ETh Vitalik Buterin has described The Merge as “a big moment for the entire ecosystem.” Around the merger, the USD price of the ETHW IOU briefly surged to just over $60. However, the price later dropped to $43.