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The last block of the last block, 15537393, was mined by F2pool on Thursday, 15 September 2022. The merge has helped Ethereum shift from the power-hungry POW (POW) consensus mechanism to POS (POS) The Beacon Chain merged with the execution layer and took over the public blockchain transaction validation process. Vitalik Buterin, the co-founder of the Ethereum blockchain, already said that the merge is just half complete. For the blockchain network to reach full capability, there are four milestones to cross.