The much-anticipated upgrade of Ethereum will create new participants called builders in the blockchain ecosystem, a move that risks altering the power structure of what is arguably the most commercially important cryptocurrency network. Under the current system, networks of computers known as miners pluck transactions out of a special data pool, and arrange them into […]
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As Ethereum takes its final step towards The Merge, it will change the cryptocurrency consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This improvement could also be the solution to fix non-fungible-token’s (NFT) energy issues. In simple, the Ethereum network is all set to be 99 per cent less energy-intensive, shifting the power from the […]
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Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That’s the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. It’s elusive. The merge was supposed to happen years ago but has […]
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Ethereum co-founder Vitalik Buterin believes that Layer-2 transaction fees will only be “truly acceptable” if they are lowered to under $0.05. Layer-2 transaction fees help scale an application by processing transactions off the Ethereum Mainnet, also called layer 1 main blockchain. Layer 2 solutions increase transaction speed and reduce gas fees. This comes after Ryan […]
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