Tag: proof of stake

The Ethereum (ETH) Merge is finally here: What’s next for you?

The Ethereum (ETH) Merge is finally here: What’s next for you?

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The Ethereum network is about to get a lot more interesting. The impending Ethereum (ETH) Merge is a massive upgrade that will help the blockchain run efficiently while adding new features. And unlike last time, there’s no worrying about backward compatibility or frozen upgrades. Once the hard fork activates, it’s a clean break. But what […]

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Ethereum transitions to Proof-of-Stake: Four reasons why it’s better than Proof-of-Work

Ethereum transitions to Proof-of-Stake: Four reasons why it’s better than Proof-of-Work

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When it comes to discussing blockchain and its associated algorithms, there are two primary types: Proof-of-Work (PoW) and Proof-of-Stake (PoS). Until today PoW is the most common algorithm used by blockchain networks. Ethereum, one of the most influential blockchain projects, will announce its “END GAME” on September 15 with the release of The Merge which […]

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Weekly Crypto Roundup: Ethereum’s transition, Tether’s new partnership, and crypto hack statistics

Weekly Crypto Roundup: Ethereum’s transition, Tether’s new partnership, and crypto hack statistics

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This week saw Bitcoin slipping again until it fell below the $22,000 level on Friday, losing more than 7% in a single day. Ether was affected too, as the second largest cryptocurrency by market cap fell below $1,700 on Saturday This week saw Bitcoin slipping again until it fell below the $22,000 level on Friday, […]

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‘What happens to our GPUs?’: Indian crypto miners worried as Ethereum moves to Proof-of-Stake

‘What happens to our GPUs?’: Indian crypto miners worried as Ethereum moves to Proof-of-Stake

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Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism has left Indian cryptocurrency miners worried. This is because all the GPUs that are being used to currently mine Ethereum will be useless as the Ethereum blockchain comes closer to The Merge. The Merge will come into full effect starting September 15, when Ethereum changes […]

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Ethereum transitions to Proof-of-Stake: Four reasons why it’s better than Proof-of-Work

Less Gas fee to faster transaction speeds: Bursting five common myths surrounding The Merge

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Ethereum’s network is switching from the Proof of Work (PoW) to the Proof of Stake (PoS) algorithm and is in its final testing stage. The upgrade called ‘The Merge’ is all set to change the working of the blockchain, with the aim to make the Ethereum blockchain less energy intensive. As controversy and confusion surround […]

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Ethereum transitions to Proof-of-Stake: Four reasons why it’s better than Proof-of-Work

How Ethereum’s Merge could fix NFT’s energy consumption issue

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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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