Ethereum Spinoff Could Sputter without Stablecoins’ Backing

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try to buy anything on it.

Crucially, the two top stablecoin issuers, Tether and Circle, announced on Tuesday (Aug. 9) that their dollar-pegged tokens will only support the new proof-of-stake (PoS) Ethereum 2.0 blockchain that will emerge after the long-awaited “merge” happens on Sept….


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *