Following the Merge, there will be no discernible increase in transaction speed. The Merge will render energy-intensive mining obsolete. In a statement published on Wednesday, the Ethereum Foundation made it clear that the planned proof-of-stake transitional update to the network, known as the “Merge,” would not result in lower gas
Bitcoin is now trading at roughly $21,485, down 8.2% on the day. With $201.3M, Bitcoin is the most liquidated asset, followed by Ethereum with $132.7M. Today, the leading cryptocurrency, Bitcoin (BTC), dropped to a new weekly low of $21,344, according to data from CMC, continuing a three-day trend of unfavorable
Ethereum’s much-awaited ‘merge’ is set for around mid-September. In the upcoming days, the ETH price may experience severe short-term volatility. The most widely used blockchain platform, Ethereum, is currently going through a significant transformation. Ethereum’s much-awaited ‘merge’ is set for around mid-September, and will shift from PoW (proof-of-work) to PoS
JP Morgan estimates Coinbase to generate an annual staking revenue of $650M. Coinbase will pause new ETH deposits and withdrawals during the Merge. The Merge, Ethereum’s transition from PoW to PoS, is just around the corner. Thus, the whole DeFi space is gearing up for this upgrade that is scheduled
Currently, over two million users registered for name and lookup services. There have been 2,008,833 ENS names. A new record was made by the Ethereum Name Service. Over two million people have registered for name and lookup services. 2m ENS names created!! 🎉 it took 5 years to get to
Ethereum’s “Merge” update will not reduce the gas fees. The team is fixing all the misconceptions arising on the upcoming upgrade. Merge’s PoS consensus will have superior blockchain security mechanisms. The Ethereum community is set to release an update called, “Merge”, on its network. While it is in its final
Vitalik Buterin is not an unfamiliar name in the global crypto scenario. He is one of the masters behind the open-source blockchain technology, Ethereum. The massive adoption of the platform’s native cryptocurrency, ETH, created the name ‘Vitalik’ popular in the crypto world. Currently, Ethereum (ETH) is the most prominent coin
Ethereum 2.0’s resource efficiency may be improved with the addition of sharding. Proof-of-work systems are notoriously inefficient, and this is intentional. The Bitcoin blockchain, the so-called master of all cryptocurrencies, is showing its age. The inability to scale is only one of several problems it has in the actual world.
The “Bellatrix” upgrade would take place on September 6 as per developers. The merge will eliminate the need for the energy-intensive mining process. The blockchain community has not stopped talking about Ethereum’s move to a proof-of-stake consensus method. During a consensus layer call on August 11th, network core developers discussed
The test is one of the last items on the agenda before the so-called “Merge.” Even if it’s not set in stone just yet, the 19th of September is the target date. Ethereum is on the verge of switching from its current energy-intensive proof-of-work paradigm to the more efficient proof-of-stake
