Ethereum Cofounder Vitalik Buterin Wants Dogecoin, Zcash to Move to Proof-of-Stake

Ethereum co-founder Vitalik Buterin hopes popular meme coin Dogecoin and privacy token Zcash will move their networks to the Proof-of-Stake (PoS) consensus mechanism. Buterin expressed this view at Messari Mainnet 2022 when asked by Ryan Selkis whether all networks should move to PoS. The event also had Zcash founder Zooko Wilcox-O’Hearn in attendance. Selkis: Should … Read more

Ethereum Proof-of-Work Suffers Replay Attack, Price Tanks 18%

Ethereum Proof-of-Work (PoW) network suffered a replay attack on September 18 as exploiters replayed a message from the Ethereum POS chain. According to BlockSec, which first discovered the attack, the exploit happened because the bridge did not correctly verify the actual chainID of the cross-chain message. 1/ Alert | BlockSec detected that exploiters are replaying … Read more

Centralization Fears Mount as Over 80% of Ethereum Blocks Were Relayed by Flashbots

Data from mevboost.org shows that over 80% of Ethereum relay blocks were built by Flashbolts, raising further centralization concerns within the community. While Ethereum’s transition to the proof-of-stake has been smooth sailing with little to no issues, the community is increasingly concerned with the centralization of players involved in block building for the blockchain network. … Read more

As Ethereum Merge Completes, What Effect Will It Have on Price?

The Ethereum (ETH) merge went live on Thursday, but has yet to have a noticeable effect on its price. While the long-term trend is still bullish, a short-term decrease is likely to occur first. The much-awaited Merge went live at 06:45UTC. This finally switched the consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). With the … Read more

Poolin Offers Promissory ‘IOU’ ETH Tokens As The Merge Rolls Out; Customer Reserves Remain Frozen

China-based crypto mining-pool services provider Poolin, which halted all withdrawals from its PoolinWallet on the back of liquidity problems, will be issuing IOU tokens corresponding to that value. Poolin said that the IOU token symbolizes users’ specific types of assets kept in PoolinWallet’s assets account, multi-signature wallet account, and mining pool account. Poolin reducing the impact … Read more

The Much-Awaited Ethereum Merge Kicks Off; ETH Price Drops to $1,600

The much-anticipated Ethereum Merge update went live on Sept. 15 as part of the network’s proof-of-stake (PoS) switchover from an energy-intensive proof-of-work (PoW) mechanism. The update formally marks the end of Ethereum’s PoW mechanism. The mainnet, which was the execution layer, is now merged with the PoS consensus layer of Beacon Chain. Considered the most … Read more

Ethereum Scammers and Impersonators Out in Full Force Ahead of The Merge

In the hours before The Ethereum Merge takes place, scammers have come out in full force, attempting to steal funds from users. Investors do not have to do anything with their ETH for The Merge, should not click on any suspicious links, or interact with fake accounts. The Ethereum Merge has brought scammers and impersonators, … Read more

Replay Attacks: What to Consider Before Selling Your Post-Merge ETH Fork Tokens

Ethereum, the blockchain behind the world’s second-largest crypto asset of the same name, will almost certainly split, creating two separate coins running on two separate chains: proof-of-work (PoW) and proof-of-stake (PoS).  Such a split, often influenced by divergent views among crypto community members, is referred to as a ‘hard fork.’ Or just ‘fork.’ Some Ethereum miners reluctant … Read more

The Merge Is Nearly Here: What to Expect From Ethereum’s Transition to Proof of Stake (PoS)

After several delays, Ethereum’s proof-of-stake upgrade is finally here. It is expected to take place between Sept. 14 – 15. Ethereum users have been eagerly awaiting the upgrade, dubbed the ‘Merge’, since the blockchain announced the launch of the Beacon Chain in Dec. 2020. The new chain was launched with the primary purpose of transitioning … Read more

‘Ethereum Merge’ Google Searches Now Show Handy Countdown Clock

As the penultimate shadow fork test before the Ethereum Merge went live, the final countdown began for the overhaul which was also incorporated by the Google team in its recent update. Sam Padilla, a blockchain developer for Google Cloud, demonstrated the most recent Google Search update on this Twitter handle, which features a real-time Ethereum Merge … Read more