DeFi protocol Aave has requested its token holders to participate in an Aave Request for Comment (ARC), requiring them to commit to Ethereum’s (ETH) POS merge. Aave Companies have proposed this ARC that calls for the Aave DAO to commit to selecting the Ethereum Mainnet running under the Proof of Stake consensus https://t.co/eDGwjLFKz7 — Aave…
With the Ethereum mainnet merge expected to occur in mid-September, Coinbase explained some measures it will take to ensure user safety. In an announcement made on its blog, Coinbase explained it will temporarily halt new Ethereum (ETH) and ERC-20 token deposits and withdrawals to allow the merge transition reflect on their systems. An official announcement…
Ethereum is outperforming Bitcoin ahead of The Merge in September, with the second largest cryptocurrency by market cap rising 61% against Bitcoin since June. The below chart shows the price of Ethereum against Bitcoin since 2018. ETH has finally passed the 0.077 BTC level not seen since January 2022; now just 12% off a 4-year…
DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of…
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…
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…
The merge event on the Ethereum network is the transition to the Proof-of-Stake consensus model from the currently employed Proof-of-Work model. This merger means that the current Ethereum mainnet system and the new Beacon chain, often referred to as Ethereum 2.0, will merge into one blockchain. To test the merge, the Kintsugi testnet was deployed…
Ether, the native token of the Ethereum platform, and the second-largest digital asset by market cap, has seen a fall of its market value by 33 percent since the latest all-time-high on the 10th of November. In particular, ether’s market value took a big hit in the last 24 hours and went south by about…