Ethereum

Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge,” as the shift is known: ‘Proof of stake’ The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created. The new system,… Source link

Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets… Source link

The general crypto market has seen some positive price rally in 24 hours. Many of the coins are trading in greens, including Ethereum with its 7.86% gains and Bitcoin with a 2.89% surge.  Other altcoins such as PancakeSwap CAKE, SHIB, Ethereum Classic ETC, and Tether USDT are also in the greens. For instance, CAKE gained 3.6%, SHIB soared by 1.56%, while ETC recorded a good 8.38 price growth.  Related Reading: Central Bank Chairs Push Bitcoin Price To The… Source link

Ethereum had entered a period of reversal after hitting $2,000 following the announcement of the date for the Merge. Since then, the digital asset had trended around $1,400 to $1,500 for a while. However, in the last day, Ethereum has seen significant momentum and demand, which has sent the price of the digital asset soaring. It finally broke above $1,600, leaving a trail of blood for traders who had bet against the cryptocurrency. Ethereum Traders Lose Millions

A moment that’s been years in the making is approaching fast—the Ethereum blockchain will soon abandon mining and transition to Proof-of-Stake (PoS) consensus The exact time of when the Merge will happen will depend on conditions on the Ethereum blockchain, although practically all estimates say it will most likely happen in mid-September. The biggest improvement that we’ll see immediately after the Merge is a drastic reduction in Ethereum’s environmental impact. The Ethereum… Source link

As September 13th, the date of the much anticipated Ethereum mainnet merge approaches, the crypto community believes it will determine the fate of both the Ethereum blockchain and the wider crypto ecosystem. However, there is another event set to take place on the same day that may impact the market, the release of the US CPI and inflation data. Crypto Analyst: The Merge Will Not Impact The Fate of ETH And The Wider Crypto Market The reputable crypto analyst,… Source link

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Ethereum Classic (ETC), Ethereum (ETH), and Lido Finance (Lido) are just some of the cryptocurrencies that have taken significant losses in the last couple of days due to their association with the merger. However, Ethereum Classic is making a bullish reversal of 9.36% in 24 hours.  Previously, Ethereum Classic has plunged by 13% as all eyes have been on ETC and the other Ethereum alternatives as the crypto community near The… Source link

Cryptocurrency mining has frequently been lambasted for being an energy-intensive process. Four years ago, Nature Climate Change warned that Bitcoin mining alone could push global warming over the 2ºC catastrophic threshold in just 14 years if adoption rates matched those by other broadly used technologies.  And now the world’s second-largest cryptocurrency, ethereum, is about to make a radical technological shift that will cut its carbon footprint by 99%. Ethereum is ditching… 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