Tag: pos

Oct 20 2022

New Tezos Partnership With Taco Allows Shopify Users To Access Tezos NFTs

Oct 20 2022 Published at Bitcoinist.com under tags  crypto news nft pos tezos

Tezos NFTs are among the trendy collectibles recently. The popularity of the Tezos BFT ecosystem has grown due to its low mining cost and energy efficiency. The NFT space is receiving more attention over the years. Many companies have dived into the sector as businesses and individuals develop an increasing interest in NFT collectibles. While serving different purposes, tokenized items have become a...

Sep 21 2022

Research: Ethereum’s move to PoS is trading off decentralization for scalability

With the Merge finally completed, Ethereum is now running as a Proof-of-Stake (PoS) network. However, its transition from a Proof-of-Work (PoW) system has been highly...

Sep 20 2022

Glassnode: Ethereum Validators Observed Sharp Increase of 11.4k In Sept Alone

Latest data from Glassnode shows that the number of Ethereum validators observed a significant increase this month, adding 11.4k to the total. Ethereum Active Validators Marked Increase Leading Up To And Following The Merge As per the latest weekly report from Glassnode, the rate of new validators joining the network has risen in recent weeks. A validator on the Ethereum blockchain is...

Sep 17 2022

Dogecoin Grabs Spot As 2nd Biggest PoW Crypto Following Ethereum Merge

Sep 17 2022 Published at Bitcoinist.com under tags  bitcoin btcusd crypto crypto news dogecoin

Dogecoin is making some noise now. When the Ethereum Merge finally concluded on September 15th, investors didn't see the massive market shift they were anticipating. However, one significant outcome of this event was that meme- inspired cryptocurrency Dogecoin has now become the second-largest Proof-of- Work (PoW) consensus-based network, trailing only the Bitcoin network in terms of market value. According to ETHPoW's official Twitter...

Sep 16 2022

Crypto Reacts: Was The Ethereum Merge a Success Or A Mess?

For better or worse, we live in a post-Merge world. Ethereum is finally a Proof-Of-Stake blockchain. The switch is among the most important and divisive news of the year. The Ethereum side sees it as a technological wonder and the bitcoin side as a great mistake. For the first time since we started the Crypto Reacts feature, both camps are at totally opposite...

Sep 15 2022

Momentous day for crypto as Ethereum merge officially takes place

Sep 15 2022 Published at Coinscreed under tags  crypto ethereum ethereum news news pos

The Ethereum network has officially switched over to proof-of-stake as a result of the Ethereum Merge (PoS). When compared to the proof-of-work system, the Ethereum merge proof-of-stake consensus mechanism will drastically reduce energy consumption by 99.95%. The Beacon Chain's consensus layer and the Ethereum Mainnet execution layer were merged on September 15 at 06:42:42 UTC […] The post...

Momentous day for crypto as Ethereum merge officially takes place

Sep 15 2022 Published at Coinscreed under tags  crypto ethereum ethereum news news pos

The Ethereum network has officially switched over to proof-of-stake as a result of the Ethereum Merge (PoS). When compared to the proof-of-work system, the Ethereum merge proof-of-stake consensus mechanism will drastically reduce energy consumption by 99.95%. The Beacon Chain's consensus layer and the Ethereum Mainnet execution layer were merged on September 15 at 06:42:42 UTC […] The post...

Sep 01 2022

Which is Better: Proof of Work or Proof of Stake (PoW vs PoS)?

In the crypto community, there is a widespread debate about which consensus mechanism is better: PoW or PoS. This raises important issues such as network security, sustainability, and decentralization. In fact, both mechanisms have flaws. Before deciding which is best for a certain blockchain network, it is crucial to comprehend the trade-offs between each. In this article, we take a closer look at...

Aug 25 2022

Tron Uses Nearly 100% Less Energy Than Bitcoin and Ethereum, Study Shows

Tron beats top cryptocurrencies Bitcoin and Ethereum in the energy saving department, new research shows. Web3 has gained a very poor reputation in the field of environmental protection and sustainable development. This is mostly attributable to blockchains like Ethereum and Bitcoin, whose protocols demand enormous amounts of energy. Recent study has revealed, however, that Tron is one of the greenest networks available. The...

Aug 24 2022

Ethereum Foundation confirms merge will happen Sep. 10 – 20

Aug 24 2022 Published at CryptoSlate under tags  ethereum ethereum merge merge pos

Ethereum (ETH) Foundation has confirmed that the mainnet migration to a proof- of-stake network will be triggered at a Terminal Total Difficulty (TTD) of 58750000000000000000000, scheduled to happen between Sept. 10 to Sept. 20. According to the Aug. 24 blog post, the first step towards the migration is the Bellatrix upgrade...

Aug 18 2022

Bitcoin advocate claims Vitalik Buterin does not understand PoW

Aug 18 2022 Published at CryptoSlate under tags  bitcoin ethereum mining opinion people

Swan Bitcoin founder Brandon Quittem said that Ethereum (ETH) co-founder Vitalik Buterin does not "deeply" understand the Proof-of-Work (PoW) consensus mechanism. 1/ I said "Vitalik never understood PoW deeply" I don't know if I'm right or wrong, but here are some...

Aug 13 2022

Ethereum ($ETH) Surpasses $2,000 As Merge Event Gets Closer

Ethereum (ETH), the second largest cryptocurrency in the market surpassed the psychological level of $2,000. This is an important moment for ETH investors and followers as the virtual […]

Aug 09 2022

Crypto Markets Have ‘Hit The Floor,’ JP Morgan Says, As Bitcoin Nears $24,000

The expectation of the Merge, a long-awaited improvement to the Ethereum network, is the primary factor for the recent rebound in cryptocurrencies, according to JP Morgan, which thinks the market has found its bottom despite low trading volumes. Bitcoin (BTC) and Ether (ETH) have increased by 35% and 101%, respectively, since their mid-June lows, and the overall market value of cryptocurrencies has regained...

Aug 08 2022

Chainlink switches from Ethereum PoW forks to PoS

Aug 08 2022 Published at Coinscreed under tags  chainlink ethereum ethereum news pos the merge

After the Merge, the Chainlink (LINK) protocol will no longer support forked versions of the Ethereum (ETH) blockchain, including Proof of Work (PoW) forks but will switch to the Proof of Stake (PoS) versions. The Chainlink protocol has announced that its services would continue to operate on the Ethereum blockchain following the eagerly anticipated Merge. […] The post...

May 30 2022

Proof of Stake vs Proof of Work: The Differences Explained

Unlike fiat currency such as the US Dollar or British Pound which is printed, cryptocurrencies follow one of two models when it comes to the creation and validation of cryptocurrency onto the block...

May 16 2022

SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption

May 16 2022 Published at CryptoSlate under tags  bitcoin ftx payments pos pow

Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent...

May 03 2022

Ethereum Supply Locked In Staking Contract Passes 10% Milestone

Data shows Ethereum staking has passed another milestone as more than 10% of the total ETH supply is now locked within the contract. Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit Contract As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking the metric's value to 10% of the...

May 02 2022

Solana PoS Blockchain Network Faces Outage For The Seventh Time

May 02 2022 Published at Bitcoinist.com under tags  altcoin news network outage pos solana

January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machin NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept in terms of handling the traffic that...

Apr 27 2022

Cardano (ADA) Team Believes Its PoS Mechnism Is Most Promising; Here’s Why

Proof-of-work (PoW) and proof-of-stake (PoS), the two predominant consensus models among blockchains, often get compared based on energy consumption. But according to the team behind Cardano, one of the largest PoS blockchains, PoS consensus mechanism trumps PoW in many more ways. Cardano says the benefits of its PoS go "far beyond" energy efficiency Frederik Gregaard...

Apr 22 2022

EU And Sweden Discussed Banning Bitcoin Proof Of Work: FOI Documents

Sweden's government is urging the European Union to prohibit energy-intensive cryptocurrency mining techniques such as those employed by Bitcoin. Indeed, according to documents obtained through a freedom of information request, EU officials discussed the planned ban on Bitcoin trading with their Swedish counterparts during a recent debate on the legislation to abolish Proof of Work mining. According to officials, such practices cannot be...

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