Tag: ProofofStake
Ethereum plans to streamline proof-of-stake mechanism, proposes Vitalik Buterin
©Reuters. GLOBAL – Ethereum co-founder Vitalik Buterin today presented a proposal to change the blockchain’s proof-of-stake (PoS) consensus mechanism. This proposal aims to address the growing complexity of the network…
Ethereum is now Proof-of-Stake: Consequences for Energy Consumption and GPU Market
Kris Wallburg It is a first in the world of cryptocurrencies: the second largest currency, Ethereum, switched the proof-of-work procedure to proof-of-stake during ongoing operations. What that means and what…
Migration of Ethereum (ETH) to Proof-Of-Stake postponed to Q3 2022
The merge postponed after June Ethereum (ETH) users will have to wait a few more months to finally witness the merge of the network. In a nutshell, this major step…
Historical: Ethereum tests mainnet proof-of-stake transition
The Ethereum network today celebrated another success on its way to transforming its consensus mechanism. Source: BTC ECHO The post Ethereum tests mainnet proof-of-stake transition first appeared on BTC-ECHO.…
Finally a date for Ethereum 2.0 and the transition to Proof-of-Stake: the day when everything will change
Everyone knows it, Ethereum is facing serious congestion problems. As a result, transaction costs on the blockchain to smart contracts have skyrocketed in recent months. Faced with this problem, the…