Tag: PoS

Ethereum token’s price rises as it is moving closer to long-awaited the Merge upgrade. Meanwhile, part of the community led by the prominent miner intends to resist the upcoming shift to ETH 2.0 and create a new, parallel network and cryptocurrency ETHW to preserve the existing Proof-of-Work method and ETH mining. However, Ethereum co-founder Vitalik…

The number of active addresses on the Ethereum network has suddenly jumped to a new all-time high of about 1.1 million ETH daily active addresses making a total of 1.64 million transactions. Coinbase’s Conor Grogan suggested that the increase in activity comes from a high number of token transfers per unit of gas rather than…

The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg. The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…

Ethereum’s main public testnet, Ropsten, which allows for blockchain development testing before deployment on the mainnet, is estimated to undergo “the Merge” on June 8 in preparation for the main Ethereum blockchain to switch to proof-of-stake (PoS) consensus. Parithosh Jayanthi, who works in devops at the Ethereum Foundation, merged the pull request on GitHub today,…

Cryptocurrency mining and maintaining the work of blockchains in general are associated with high electricity consumption. Often this energy comes from burning fossil fuels, which causes great harm to the environment. There are two ways out of the situation: either using green energy or switching to PoS en masse. Recently, Bloomberg reported that electricity consumption…

Confidentiality-oriented Zcash cryptocoin is getting ready to move away from the Proof-of-Work (PoW) protocol and switch to Proof-of-Stake (PoS). There are two reasons for that: security and environment. Zcash cryptocurrency has been gradually increasing in price in recent weeks. Currently, the cost of one cryptocoin is $ 118. And the rate of growth may well…