With the Merge finally completed, Ethereum is now running as a Proof-of-Stake (PoS) network. However, its transition from a Proof-of-Work (PoW) system has been highly controversial. Supporters of PoW mining feared that staking would centralize the network and threaten its independence. Those fighting for a PoS network touted the scalability and precision that would arise … Read more
Ethereum (ETH) Foundation has confirmed that the mainnet migration to a proof-of-stake network will be triggered at a Terminal Total Difficulty (TTD) of 58750000000000000000000, scheduled to happen between Sept. 10 to Sept. 20. According to the Aug. 24 blog post, the first step towards the migration is the Bellatrix upgrade scheduled for 11:34 UTC on … Read more
Swan Bitcoin founder Brandon Quittem said that Ethereum (ETH) co-founder Vitalik Buterin does not “deeply” understand the Proof-of-Work (PoW) consensus mechanism. 1/ I said “Vitalik never understood PoW deeply” I don’t know if I’m right or wrong, but here are some examples of @VitalikButerin misunderstanding PoW 🧵👇 https://t.co/Uo1oZolpVU — Brandon Quittem (@Bquittem) August 15, 2022 … Read more
Proof of Stake on Ethereum is definitely the most anticipated event of the year. Finally, after multiple delays, it seems like a date has finally been set. The new consensus method is expected to arrive on the Ethereum blockchain on 19 September. Naturally, the first question isn’t if ETH will benefit from it, but HOW … Read more
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 … Read more
As the day draws nearer for Ethereum‘s main chain to be merged with its staking ‘Beacon’ chain, entities are gradually increasing funding allocation to the same in a bid to eventually be in control of Ethereum’s validation mechanism. In a move towards the same, Canada-based investment company Ether Capital Corporation has allocated a further 10,240 … Read more
Soaring gas fees on the Ethereum network was a major highlight throughout crypto’s journey last year. This was undeniably a turn-off for many. Yet, it also underlined a growth in userbase, while also giving space to the ecosystem to expand, through the rise of several promising new layer-1 blockchain networks like Solana and Avalanche. Regardless … Read more
Which cryptocurrency is going to explode in 2021? What coins can one buy right now, to make it big in the near future? Which crypto is the next best thing to Bitcoin? Many interested in cashing in on the historic run we have seen over the last few months, have been asking these questions and … Read more
Polygon RPC Aggregator, which aims to provide a fast and reliable RPC gateway, is now live. Polygon’s RPC aggregator service is distributed worldwide across 200 data centers. There are 15 underlying RPC endpoints provided by Polygon Node providers, the Polygon team, and the community. This number will increase with time. It has a monitoring system … Read more
Polygon proof of stake (POS) continues active user growth for the 6th consecutive week. Week 32 highlights 157,000+ DAU (avg.) 4.7mm transactions/day (avg.) $22k/day revenuens (avg.) Part 1: Polygon POS engagement growth This week Polygon POS continues its incredible run of active user growth. From the start of our dataset in week week 15, Polygon … Read more
