Ethereum (ETH), the second-largest cryptocurrency by market capitalization converted from the Proof of Work (PoW) mechanism to the Proof of Stake (PoS) mechanism on September 15. Following that, Vietnam’s cryptocurrency miners faced significant losses with their mining equipment as it turned off, as per the recent report. According to recent
The liquidated amount in just the last 24 hrs was around $65 billion. Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range. The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency
The total energy demand for Ethereum is now only 2,600 MW hours per year. Ethereum’s annual CO2 emissions reduced by over 11 million tons. The long-awaited Ethereum merge has finally completed. It was designed to consume less energy, and the network has drastically reduced the overall energy consumption of the
Last Day was a great and a memorable day for the entire crypto users and ETH community. The big moment of launching the Ethereum Merge has happened treating the users, investors and the whole industry. As it is the current state, everyone is eagerly expecting for a positive note after
Today, most cryptocurrency is mined at specialized facilities known as “farms.” To add its transactions to Ethereum’s distributed ledger, a validator must stake ETH. Introduced in 2015, Ethereum builds on Bitcoin’s foundation by introducing smart contracts, or code that operates on the blockchain like a global supercomputer to store information.
Ethereum has successfully switched from PoW) consensus method to the PoS consensus mechanism. Merging will result in a 0.2% decrease in global electricity consumption. As The Merge goes live, Ethereum has successfully switched from the proof-of-work (PoW) consensus method to the proof-of-stake (PoS) consensus mechanism, considerably increasing the network’s sustainability.
Ethereum completed The Merge and is anticipated to move in a bullish state. ETH blockchain has changed from Proof of Work (PoW) to Proof of Stake (PoS) consensus. The biggest upgrade of the blockchain industry is finally live as The Ethereum Merge is complete. This marks the beginning of the
Bitcoin recently attained a sudden price surge, reaching above $22k. Major altcoins witnessed a price downfall, during the last 24 hours. After falling around $18,000 in the previous week, the market dominator, Bitcoin (BTC) has now been going through a positive momentum in the global cryptocurrency market. During the past
Proof of Stake (PoS) secures the network at a significantly cheaper cost. There will be a chance for attacks on the network post Merge. Aside from the fact, that the Ethereum Merge was celebrated as a significant advancement for the blockchain network, the anonymous security researcher stated that, the move
After witnessing a continuous collapse in the bearish market, Bitcoin (BTC) has climbed to $20,000 again. Over the past few days, the market dominator was going through a tremendous downfall. Even so, the coin started to witness a positive momentum again by registering a notable uplift during the past 24
