-
One year later: How proof of stake has changed Ethereum
In September of last year, Ethereum replaced its proof of work consensus mechanism with proof of stake in a highly anticipated upgrade known as the merge. Since then, Ethereum has seen its circulating supply decrease by nearly 300,000 Ether, while consuming 99.95% less electricity. However, the network nears a potential point of no return that threatens its decentralization for years to come. On September 15, 2022, Ethereum successfully changed its consensus mechanism by its transition away from proof of work to proof of stake. This transition was known as the merge. The latter was a goodbye to miners in verifying ... (full story)
- Comments
- Subscribe
-
- Older Stories
From pimco.com|Sep 21, 2023The U.S. Federal Reserve’s latest economic projections suggest policymakers are increasingly confident the U.S. economy could achieve a soft landing in 2024. However, we see ...
From benzinga.com|Sep 21, 2023The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for ...
From @financialjuice|Sep 21, 2023tweet: BOE GOV. BAILEY: IT’S PREMATURE TO START TALKING ABOUT RATE CUTS. tweet: BOE GOV. BAILEY: GOOD NEWS ON INFLATION PROMPTED A PAUSE IN HIKES.
-
- Newer Stories
From financemagnates.com|Sep 21, 2023As the 8 October 2023 deadline approaches for activating the new financial promotions regime for digital assets, the UK's Financial Conduct Authority (FCA) issued its last ...
From decrypt.co|Sep 21, 2023Stablecoin issuer Tether has resumed providing new loans denominated in USDT to clients, a move that comes nearly a year after the company had announced its intention to ...
From financemagnates.com|Sep 21, 2023Binance has raised concerns about how the Market in Crypto Asset (MiCA) regulation will apply to decentralized and foreign issuers. One of the exchange's concerns is its ...
- Story Stats
- Posted: Sep 21, 2023 12:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 111
