Ethereum

The Ethereum blockchain, the largest behind bitcoin, is about to undergo the beginnings of a major upgrade. Dubbed the “merge,” Ethereum is switching to a more energy-efficient method of validating transactions that take place on the platform, known as proof of stake. The upgrade is similar to how the transition away from using dial-up modems to fiberoptics enabled the internet to be used for a wider variety of things, such as video, online storage and music streaming, Greg King, founder and… Source link

“Bitcoin’s simplicity is maybe its biggest drawback because it can’t be programmed to do lots of different things, but it’s also the greatest asset, in my opinion,” Tapscott told CoinDesk in a video interview. “I think as a simple, immutable, highly-secure, store of value that is completely decentralized and almost impossible to capture by any single force, whether it’s a government or company.” Source link

It’s time for the “merge.” The years-in-the-making, systemwide upgrade to the ethereum blockchain is set to roll out on Wednesday, marking one of the crypto sector’s most historic events to date. Leading up to the overhaul, investors have been jumping into ether, the native token to ethereum. In the past three months, ether has jumped 32%, dramatically outperforming bitcoin, which has dropped 9%. While analysts say that anticipation around the merge has helped pump up the price, some experts… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Over the past seven years, Ethereum (ETH -0.52%) has been one of the best-performing cryptos in the world. Since its launch back in 2015, Ethereum is up an eye-popping 247,225%.  However, investors are unlikely to ever see those types of returns from Ethereum again. Ethereum has skyrocketed in value to become the No. 2 cryptocurrency in the world, with a total market capitalization of about $200 billion, making it much harder to duplicate those returns in the future. So what… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything. Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS. In theory, it would allow the entire world’s financial system to run on Ethereum. “I think it’s theoretically possible,” explains Declan… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register “Merge” software upgrade to take place in coming days Google estimates Merge will happen on Thursday Change set to slash Ethereum’s energy consumption LONDON, Sept 12 (Reuters) – A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy… Source link