A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology’s use and support the price of the ether token. The upgrade, known as the “Merge,” will mark a radical change to how transactions on the Ethereum blockchain occur […]
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Ethereum’s Merge is under implementation and has completed an important upgrade today called Bellatrix. ETH 2.0 or ‘The Merge’ upgrade focuses on bringing new token standards that are more secure. The Merge is a process where Ethereum’s network is switching from the Proof of Work (PoW) to the Proof of Stake (PoS) algorithm. It is […]
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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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Tether, one of the largest stablecoin has labelled Ethereum’s transition from Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoW) as the most significant moment in blockchain history. This comes a day after USDC stablecoin issuer Circle said that it backs ‘The Merge’. Ethereum’s Merge will soon decrease the blockchain’s energy usage by 99 per cent. This means […]
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