Tag: proof-of-stake

Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake. The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023. Validators have staked over 16 million ETH worth roughly $25 billion with Ether trading around $1500 on Tuesday. According to BeaconScan data, the number of validators...

You can stake crypto and gain interest on your idle savings, and fight inflation. Here's a list of coins you can stake to earn interests.

Summary: The devnet was built to trial withdrawal mechanisms for staked Ether post-merge. Multiple Ethereum clients like Lodestar and Teku will interact with the devnet, said ETH developer Marius Van Der Wijden. Devs plan to ship support for staked ETH withdrawals with an update dubbed "Shanghai". An Ethereum devnet built to trial validator withdrawals for staked Ether (ETH) was announced today by Marius...

Although mining is not as easy compared to how it used to be in the beginning, people can still do it as newcomers, with decent computational hardware and the will to learn a thing or two.

Ethereum's detractors often say that the network is too centralized. But looking beneath the surface presents a different view. Ethereum Critics Decry Proof-of-Stake Today Im going to cover some of...

Summary: Dogecoin has climbed to the second spot among proof-of-work cryptocurrencies with a market cap north of $7.9 billion. The meme coin achieved the feat following the merge. Ethereum was previously the second largest PoW blockchain before its proof-of-stake upgrade. Doge is now topped only by the world's largest decentralized network - Bitcoin. Crypto's largest meme coin has become the second largest proof-of-work...

The Merge is one of the most significant events in crypto history. Ethereum Completes the Merge Ethereum has completed its transition to Proof-of-Stake. The worlds second-biggest blockchain launched its long-awaited...

The Ethereum Merge is one of the most important events in crypto history. Here are our teams predictions on how the update will impact the cryptocurrency ecosystem. Ethereum Prepares to...

Summary: The plan to fork Ethereum's proof-of-work network now has a timeline. EthereumPoW, the community behind the initiative, said the ETHW Mainnet would go live 24 hours after the merge. Full node data and configurations would be released shortly as well. The community announced the news as Ethereum's proof-of-stake transition is hours away. Ethereum proof-of-work (PoW) otherwise known as ETHW revealed on Monday...

US search giant Google has rolled out a feature that lets users track the hours and minutes from the Merge, a highly anticipated crypto update that will see Ethereum transition from being a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.

The Ethereum blockchain is moving from Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). If you want to stake ETH by yourself, you must have a minimum of 32 ETH. Fortunately,...

Summary: Chainlink has declared its stance regarding the upcoming Ethereum PoS transition and possible network hard forks. The oracle network supports Ethereum's upgrade to a Proof-of-Stake consensus. Forked versions of ETH's Proof-of-Work blockchain will not be supported by the protocol. The news comes as speculations regarding a hard fork have emerged in recent weeks leading up to The Merge. One major ETH miner...

Summary: Ethereum developers have successfully implemented the Merge of the Beacon chain to the Sepolia Testnet. Goerli testnet is scheduled next then the Merge will finally happen on the Ethereum mainnet. Ethereum's Merge marking the transition to the proof-of-stake algorithm has been successfully activated on the Sepoila testnet. Sepolia's proof-of-work network merged with the proof- of-stake Beacon chain earlier today at approximately 2 pm...

Summary: According to a Morgan Stanley analyst, demand for GPUs should reduce with Ethereum transitioning into a proof-of-stake network. The crypto drawdown has further reduced the profitability of Ethereum mining. However, the Ethereum mining community could venture into alternatives such as Ethereum Cash and Ravencoin. Ethereum's transition from a proof-of-work algorithm to proof-of-stake through the Merge of the Beacon Chain with the ETH...

Key takeaways: Ethereum's Merge will happen today on the Ropsten Testnet. A successful Merge of the Beacon Chain and the Ropsten testnet will be the first signal of a potentially successful launch on the Ethereum mainnet. Investors look forward to the transition of Ethereum to a Proof-of-stake algorithm as it will mean lower fees and a sustainable future for ETH. The highly anticipated...

The 12-year-old web security company, Cloudflare, announced on May 17 that it would be launching its next series of experiments for advancing web3. This will include supporting the Proof of Stake (PoS) consensus mechanism...

Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible switch to a PoS is to drive the sustainable growth of ZEC. It...

Summary: Solana has announced plans to introduce a feature that allows its users to specify an additional fee per transaction The feature comes in the wake of the Solana Network suffering a seven-hour outage due to spambots Two other mitigations have been proposed to prevent a similar outage They include the implementation of QUIC and stake-weighted QoS The team of developers at Solana...

Summary: Ethereum's developers have decided not to delay the pending difficulty bomb, as the Merge of its mainnet to the Beacon chain could still happen this summer If all goes according to plan, Ethereum developers could be ready to fork testnets in 2 weeks, removing the need for a hardfork to delay the difficulty bomb According to senior Ethereum developer Tim Beiko, the...

Quick take: Ethereum core developer Tim Beiko has confirmed that the Ethereum merge will not happen in June as anticipated Tim Beiko believes it will come 'in the few months after' June However, Ethereum developers are in the final chapter of transitioning the network from proof-of-work to proof-of-stake Approximately 11.4 million ETH has been deposited to the ETH 2.0 deposit contract The highly...