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…
Ethereum Protocol Developer Tim Beiko said earlier in the week that the Merge will not happen in June, as previously stated. Persistent delays have plagued Ethereum’s transition to a Proof-of-Stake protocol. Users voice concerns that each setback is an opportunity for rival layer 1s to catch up. However, ConsenSys member and founder of website Week…
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,…
Ethereum’s (ETH) transition to a proof-of-stake (PoS) consensus network is creeping closer after the network launched the first mainnet shadow fork on April 11. Ethereum’s PoS shadow fork goes live According to one of the developers on the project, Paritosh Jayanthi, the purpose of the shadow fork is to stress test the assumptions on syncing…
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 Ethereum EIP-1559 has now burned 2 million ETH. The burning mechanism, which became active after the London hard fork in August 2021, is part of the effort to keep the token deflationary. As of press time, over $5 billion worth of Ethereum tokens has been burnt at their current value. Over $5 billion ETH…
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…
Terra has recently made many headlines due to its meteoric gains. Unfortunately, this can occasionally lead to confirmation bias in how we view the stats behind our most beloved crypto assets. If you’ve been reading around the cryptosphere this week, you will be forgiven for believing that Terra is now the second-largest asset by staking…