The transition from PoS to PoW will become fully operational in the next update. The switch might be finalized between September 10 and September 15. On Tuesday, the long-awaited Bellatrix update to Ethereum’s blockchain has been deployed, marking the beginning of the network’s transition from proof-of-work to proof-of-stake. The Bellatrix
The increased hash rate on the network is forcing the Merge to occur earlier. In anticipation of the Bellatrix hard fork, the ETH price has risen by nearly 6%. In a Tuesday tweet, Ethereum co-founder Vitalik Buterin predicted that the Merge will go into effect between September 13 and 15.
The plan to temporarily halt ETH borrowing has support with 96.18% in favor. About 214 thousand AAVE have been utilized by voters to accept the proposal. After a vote, the Aave community decided to put an immediate stop on Ethereum borrowing until the Merge. Due to the substantial dangers associated
On early Thursday The Ethereum wallet of Hollywood actor Bill Murray’s stolen after closing the NFTs auction and raising funds for the charity. The NFTs cost around 119.2 ETH ( around $185,000) and the hackers drained the funds from Murray’s wallet at around 7.00 PM according to the on-chain data.
The majority (41.99%) of the SUDO drop will be distributed through a lockdrop event. Liquidity providers on Sudoswap will get 1.5% of the original supply retrospectively. A new token has been created for use inside the Sudoswap network. Various participants in the decentralized NFT marketplace will get a portion of
Cryptocurrency will be almost as volatile as gold or the stock market, as per Vitalik. In the long run, fees will be the only source of security for Bitcoin, says Vitalik. In a recent interview, the co-founder of Ethereum blockchain technology, Vitalik Buterin expressed his viewpoints regarding the future of
OpenSea recently expressed its support for the Ethereum merge. The firm added that any Ethereum forks will not be supported on its network. According to the recent tweet thread from the prominent NFT platform, OpenSea, the firm will support Ethereum proof of stake (PoS) NFTs. The Web3 marketplace also revealed
The scaling network Arbitrum moved to Nitro on 31st August. Bellatrix upgrade will be antecedent to “The Merge”. Ethereum network has updates queued in the coming days. The scaling network Arbitrum moved to Nitro on 31st Aug, as per a tweet made by the network. A Fully integrated layer 2
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
Whales are unloading their ETH reserves because of the anticipated deflationary trend. The expiration of $2 billion in options on September 30 is also a big concern. The EIP-1559 burning mechanism will cause a deflationary trend in the price of Ethereum (ETH) following the Merge. However, ETH continues to fall
