Ethereum has completed a key upgrade to its network with the most ambitious software update in the cryptocurrency world to date, the so-called merger.

Our portfolio company ConsenSys has been actively working with the developers of Ethereum to prepare the blockchain for a merger with the Proof Of Stake protocol, which will make the cryptocurrency greener and more efficient, allowing processing of 100,000 transactions per second (TPS), compared to today's 15, while reducing energy costs for more than 99%.

The merger also changed the properties of ether, making it more akin to yield-bearing securities. Staked Ether will generate a return, expected to be around 5.2% after the Merge, according to tracker Staking Rewards.