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One of the most heated debates surrounding Ethereum’s transition to a Proof-of-Stake network focused on the issuance of ETH. The leading narrative behind the Merge was that it was supposed to make ETH a deflationary currency. Since the Merge was completed on September 15, ETH issuance has been drastically reduced. The estimated annual issuance in…
With less than two days left until Ethereum transitions to a Proof-of-Stake system, all eyes are pointed at the Merge but many are still worried whether it will change the crypto market for the better. According to the latest report from analytics company Nansen, the problems a PoS Ethereum will face aren’t dismissible. However, the…
Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform. In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH…
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(ETH) transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism — the so-called Merge — will not happen in June as many have predicted. As reported by CryptoSlate on April 14, Ethereum core developers will not yet be ready for the merge before the end of the third quarter. The highly-anticipated merge will mark…
The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the United States, the Federal Reserve’s FOMC (Federal Open Market…
The Kiln testnet was launched on the 10:th of March, and developers have now successfully completed a transition from the proof-of-work consensus mechanism to the looming proof-of-stake mechanism that the real Ethereum mainnet will merge to sometime this year. With Kiln being the final testnet, there seem to be no major obstacles for the developers…
When merge? This question is being asked with increased frequency and intensity as the developers of the Ethereum clients and testnets are getting closer to The Merge by the day. To this point, the testnet Kiln was launched just two days ago, and developers have now successfully completed a transition from the proof-of-work consensus mechanism…
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…