Search Results for: proof of stake

Ether Capital Corporation Celebrates a Successful Shanghai Upgrade That Completes Ethereum’s Transition to Proof of Stake

TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) is pleased to celebrate a successful Shanghai upgrade (also referred to as the Shapella upgrade) — a major technical achievement by Ethereum developers that charts Ethereum on a path to a fully scalable, decentralized and secure blockchain. Ether Capital

April 19, 2023 5 mins read

Vitalik Buterin Announces Launch of New Book ‘Proof of Stake’

The Ethereum developers are putting a lot of time and effort into preparing the community for the upcoming Ethereum Merge. Vitalik Buterin, co-creator of Ethereum, has announced the release of a book compiling his previous articles on the subject of blockchain development. The title of the book is PROOF of

August 31, 2022 2 mins read

Proof of Work vs Proof of Stake

Proof of Work Proof-of-work is the algorithm that uses to secure many cryptocurrencies, including Bitcoin and Ethereum. The concept was first proposed in 1993 as a way to combat spam emails, and it was named “proof-of-work” in 1997. Satoshi Nakamoto utilized it to secure the Bitcoin blockchain the technique was

May 28, 2022 7 mins read

Linea Unveils Decentralization Framework with Proof-of-Stake Model

Linea, a Layer 2 zkEVM rollup backed by Consensys, recently dropped a detailed protocol proposal focused on decentralizing its network. The proposal, named “Towards Linea’s Decentralization,” was introduced by Florian Huc, a software architect at Linea. The document outlined how the network will transition to a permissionless system and establish

October 8, 2024 2 mins read

Nimiq Announces Pre-Staking for $NIM Holders Ahead of Proof-of-Stake Migration

Pre-staking for $NIM holders has been announced by Layer-1 payments blockchain Nimiq, which is a significant step toward its much awaited migration to Proof-of-Stake (PoS). This initiative not only prepares the way for the network’s transition to a more energy-efficient, decentralized proof of stake consensus, but it also pays out

October 7, 2024 3 mins read

Grayscale Names Peter Mintzberg CEO Amid Bitcoin ETF Outflows

Grayscale Launches Proof-of-Stake Investment Fund for Wealthy Individuals

In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to

March 30, 2024 2 mins read

Dogecoin Developer Skeptical of Potential Proof-of-Stake Switch

When asked about the potential of Dogecoin switching to a proof-of-stake (PoS) mechanism, a major contributor and developer Mishaboar hinted at maybe moving away from the project. When asked whether he would stake Dogecoin if given the opportunity, he revealed this information. The developer is skeptical of a PoS switch

August 21, 2023 1 min read

Key Dogecoin Developer Hints at Exit Amid Concerns Over Proof-of-Stake

Prominent Dogecoin developer Mishaboar has suggested he may step away from the project if it transitions to a proof-of-stake (PoS) consensus mechanism. Mishaboar, who has contributed extensively to Dogecoin over the past two years, aired concerns about adopting PoS in response to a question about staking the meme-inspired cryptocurrency. He

August 20, 2023 1 min read

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Everything You Need To Know About the Transition of Ethereum to Proof-of-Stake

Introduction to Proof-of-Work In order to prevent abuses of computer resources for things like spamming or DoS attacks, proof of work (PoW) defines a method that needs a not-insignificant but practical amount of effort. In 2004, Hal Finney applied the notion to the protection of digital currency by devising the

August 15, 2022 8 mins read

Why Bitcoin Won’t Move From Proof-of-Work to Proof-of-Stake?

Proof of work (PoW) is a decentralized consensus mechanism. Bitcoin using peer-to-peer technology. The cryptocurrency market is already in a downturn. The king of digital currency Bitcoin (BTC) is holding roughly 44% of the market share. When Bitcoin began to decrease, the entire crypto market collapsed. In this situation, the

May 26, 2022 2 mins read