• 2022 saw highs and lows and some of its funnier moments for the crypto and digital asset industry.
• Ethereum shifted from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus after completing “The Merge”.
• Vitalik Buterin was the subject of many memes and headlines across the year.
The year 2022 was a tumultuous one for the crypto and digital asset industry. After the highs and lows of the previous year, the industry saw more of the same in 2022. From Bitcoin’s sideways movement on the 4-hour chart to Ethereum’s major overhaul, the crypto world experienced a great deal of changes in the past year.
One of the most significant events of the year was Ethereum’s shift from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus after completing “The Merge”. This transition was intended to increase the security and scalability of the Ethereum network, while also reducing the energy costs associated with running a node. The Ethereum community celebrated this momentous milestone with a series of memes, discussions, and even price speculation.
Vitalik Buterin, the inventor of Ethereum, was also the subject of many memes and headlines across the year. This was particularly true when Buterin took a picture with someone which revealed something absolutely massive. Ethereum’s price responded accordingly and the picture spawned countless memes. Additionally, Buterin was often the target of jokes due to his struggles with sound, such as when he had difficulty setting up a microphone.
Overall, 2022 was an interesting year for the crypto and digital asset industry. With Ethereum’s major transformation and Vitalik Buterin’s continued presence in the industry, it was certainly a year filled with memorable moments. Here’s to hoping that the industry continues to grow and evolve in the years to come!