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Web3 and How It Helps the Environment – Dave Uhryniak of TRON DAO Explains
28.9.2022
TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects. Dave Uhryniak is the Director of Ecosystem Development...
Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon
22.9.2022
Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1%
21.9.2022
Bitcoin fell below $19,000 on Wednesday, as markets prepared for a potential 100 basis point interest rate hike from the United States central bank. Although the consensus for a rate increase remains at 0.75%, some believe that with inflation remaining at historically high levels, a 1.00% hike...
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge
19.9.2022
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts....
These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake
17.9.2022
Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days...
The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work
16.9.2022
At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW...
Ethereum Blockchain Migrates to Proof of Stake After Completion of The Merge
15.9.2022
The Ethereum blockchain officially migrated to the proof-of-stake (PoS) consensus mechanism as the anticipated “Merge” finally occurred around block height 15537391 on September 15. The protocol’s co-founder Vitalik Buterin has described The Merge as “a big moment...
The Merge: Ethereum’s Transition to PoS Consensus
13.9.2022
The Ethereum network is right about to shift from the power-hungry Proof-of-Work (PoW) to an eco-friendly Proof-of-Stake (PoS) mechanism. It’s worth mentioning that the Beacon Chain, Ethereum’s PoS network, was introduced back in 2020 but hasn’t been used for processing transactions yet. The Merge...
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached
7.9.2022
Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions. Financial Authorities...
Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge
5.9.2022
The Ethereum merge is fast approaching and those with assets at stake should keep a close eye on the following data sources
Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days
5.9.2022
In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the network’s consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). Amid the lead-up to The Merge, the decentralized finance (defi)...
Ethereum Co-Founder Vitalik Buterin Discusses Bitcoin’s Long-Term Security
4.9.2022
On September 1, Vitalik Buterin conducted an interview with the economics author Noah Smith and the co-founder of Ethereum spoke an awful lot about Bitcoin and the network’s long-term security. Buterin also discussed the crypto economy’s crash and he insisted he was “surprised...
What Is The Merge? A Brief Explanation of Ethereum’s Transition From Proof-of-Work to Proof-of-Stake
23.8.2022
In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean much to ethereum users and traders, what’s changing under the hood is a very big deal....
Ethereum’s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship
22.8.2022
The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted...
Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge
20.8.2022
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings...
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days
14.8.2022
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another...
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge
11.8.2022
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After...
F2Pool co-founder responds to allegations it's cheating the Ethereum POW system
9.8.2022
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards
Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised
3.8.2022
The Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root...
Ethereum dev confirms Goerli merger date, the final update before the Merge
28.7.2022
The Goerli merger requires node operators to update both their consensus layer and execution layer clients in tandem, rather than just one of the two