Ethereum 2.0 client Teku released the version 22.8.1 update on August 22, including the Bellatrix network upgrade and Merge configuration. The document stated that all mainnet users must complete the upgrade before September 6 in preparation for the Ethereum Merge scheduled for September 15. Teku v22.8.1 is now available. This is a required update for all…
Ethereum is the foundation of the decentralized finance ecosystem and is automatically categorized as a decentralized network. On paper, Ethereum is a decentralized and democratic network based on a deflationary currency. In reality, it’s neither decentralized nor deflationary. Defying deflation In September 2021, Ethereum’s London hard fork introduced EIP-1559, an upgrade set to drastically change…
Ethereum’s highly anticipated transition to a Proof of Stake (PoS) consensus that is anticipated to be live in June is set to be shifted to an unknown date, this was revealed by Tim Beiko, one of the lead developers on the project. Ethereum’s transition to PoS postponed from June According to a tweet from Beiko,…
The promise of migration to a Proof of Stake network for Ethereum is positively affecting its price performance. For the first time in two weeks, ETH has crossed the $3,000 barrier and is now outperforming Bitcoin. While the talks of the transition have been going on for a long time, recent developments on the networks…
Around the middle of this year, Ethereum, the second-largest blockchain in terms of monetary value, and with hundreds of billions of dollars worth of assets depending on its operation, will transition from the Proof-of-Work consensus algorithm securing the system today, to the Proof-of-Stake system of tomorrow – a procedure described by many as changing the…
The Massachusetts Institute of Technology (MIT) included Ethereum’s Proof-of-Stake (PoS) consensus algorithm in its 2022 technological breakthrough list. Posted in the MIT Technology Review, the algorithm ranks 6th in the list containing 10 technological use cases, including COVID-19 variant tracking, compact fusion reactors, and long-lasting batteries. MIT sees Ethereum 2.0 as a significant technological breakthrough…