Ethereum cryptocurrency price has risen by 12% in anticipation of the transition to the «green» blockchain

The value of the Ethereum cryptocurrency has risen by more than 12% over the past 24 hours — all due to the successful completion of one of the last tests before Ethereum’s transition to PoS.

After the transition to PoS, Ethereum will be considered a digital bond, and the underlying asset will be used as collateral. The long-awaited transition of Ethereum to PoS could be a turning point for the cryptocurrency industry, as it will significantly reduce the energy consumption of the second largest blockchain. Obviously, it is because of the upcoming transition of Ethereum to the Proof-of-Stake consensus algorithm that the popularity (and, accordingly, the value) of the cryptocurrency has increased. At the time of writing, ethereum is trading at $ 1219.

Interestingly, some crypto experts are convinced that Ethereum’s transition to the green blockchain will allow ETH to outperform BTC in terms of value. Thus, DeFi researcher Vivek Raman said that the upcoming transition to the green blockchain guarantees Ethereum will create a better economic structure for the smart contract platform, reduce ethereum inflation, and increase security.