• Summer of 2022 was a challenging year for the crypto and digital asset industry, with highs and lows and some funny moments.
• 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 across the year, including his massive reveal and his struggles with setting up a microphone.
Summer of 2022 was an eventful year for the crypto and digital asset industry. It was a year that saw both highs and lows, and some of the funniest moments since its inception.
For example, the second largest cryptocurrency by market capitalization, Ethereum, underwent a major overhaul. Ethereum shifted from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus after completing “The Merge.” This shift was a major milestone for Ethereum, and was met with much excitement and anticipation within the crypto community.
Vitalik Buterin, the inventor of Ethereum, was also the subject of much attention in the summer of 2022. A photo he took with someone revealed something massive, and Ethereum experienced a notable pump after the reveal. Buterin was also the subject of other memes during the year, including his struggles with setting up a microphone. The inventor of Ethereum seemed to have some difficulty with the sound, and his struggles were captured in a humorous meme.
In addition to Buterin’s memes, there were other notable moments throughout the summer of 2022. For example, Bitcoin’s price moved sideways on the 4-hour chart, and some lesser-known cryptocurrencies made headlines in the first week of January. There were also events such as the Ropsten Ethereum merge, which was a massive event for the Ethereum community.
All in all, the summer of 2022 was a year filled with highs and lows, and some of the funniest moments since its inception. The cryptocurrency industry experienced major changes, such as Ethereum’s shift to a Proof-of-Stake consensus, and Vitalik Buterin was the subject of many hilarious memes. There were also notable moments such as Bitcoin’s price moving sideways, and some lesser-known cryptocurrencies making headlines. It was truly an unforgettable summer for the crypto industry.