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The smart contract platform transitioned to a proof-of-stake (PoS) chain in an upgrade known as The Merge or Ethereum at around am BST (UTC+1) on 15, , Ethereum made the switch to a PoS model. After the merge, that number will drop to about 1, Ether rewarded per day. On September 6, , the Ethereum community released the Bellatrix upgrade in order to start ï¿½The Mergeï¿½ process. With this first upgrade, the.