Ethereum spikes 12% following completion of Goerli testnet merge

Ethereum’s (ETH) Goerli testnet completed its merge with the proof-of-stake consensus mechanism in the early hours of August 11. The Goerli testnet has been successfully merged and is now a full Proof of Stake chain. Next up is (finally) the Ethereum mainnet!! The Merge is coming 🐼 — sassal.eth 🦇🔊🐼 (@sassal0x) August 11, 2022 Goerli…

Circle to ‘fully and solely support Ethereum PoS’

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate…

MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is future backwardation and negative funding. In this case, while spot ETH will get forked PoW tokens, those exposed to ETH perpetual contracts and quarterly…

Crypto community divided over Ethereum hard fork

Following Chandler Guo’s public vow to fork Ethereum (ETH), the call for a hard fork has grown significantly, leaving stakeholders to pitch their tent on different sides. Tron (TRX) founder Justin Sun and his crypto exchange Poloniex were one of the first supporters of the idea. OKX, Huobi hint at listing Ethereum forks Jay Hao,…

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

Speaking in a closed press conference during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called people pushing for a hard fork of Ethereum to retain proof-of-stake “simply trying to make a quick buck.” Justin Sun recently announced support for a hard fork of Ethereum post-merge by listing two new tokens on his Poloniex exchange….

Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork

Justin Sun, Tron’s (TRX) founder, has revealed support for Ethereum’s (ETH) proof-of-work (PoW) hard fork. In an August 4 tweet, Sun said he would donate some coins to the forked Ethereum PoW community to develop its ecosystem. We currently have more than 1 million #ETH. If #Ethereum hard fork succeeds, we will donate some forked…

How should investors prepare for The Merge?

Last week, ETH saw a significant uptick in its price, following the release of the notes from the last dev’s meeting that hinted at the timeline for its upcoming upgrade, known as The Merge. ETH price action, previous 30 days – source: Footprint Analytics This upgrade will change how the network is secured, its energy…

Here’s what you can expect from Ethereum’s long-awaited “Merge” upgrade

The Ethereum upgrade, formerly Ethereum 2.0 or Eth2, is one of the most anticipated upgrades in the world of blockchain technology, and Ethereum investors cannot wait. While the Eth2 name stuck, the Ethereum Foundation itself changed the terminology. Today, you would simply refer to it as the ‘consensus layer’ that operates on the original blockchain….

Ethereum 2.0 draws closer, Goerli testnet merge slated for August

Ethereum’s (ETH) tenth shadow fork went live on July 26 at 11:45 UTC bringing the network closer to its transition to a proof-of-stake (PoS) consensus mechanism. Ethereum’s tenth shadow fork is live The shadow fork went live 26 hours ahead of schedule with no significant glitches reported and sets the stage for the Goerli testnet…

The Layer-2 Wars could be the next big trend in crypto leading up to The Merge

DeFi analyst and YouTuber Patrick Dynamo DeFi, highlighted Monday several exciting trends in the world of DeFi, including the rise of the “L2 wars.” Over the past week, revenue for Polygon, Optimism, and Arbitrum, popular scaling solutions for Ethereum, were up 36% – 54% following Ethereum’s price rally. Another strong performer was Ethereum Name Service…