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
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
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
As Ethereum (ETH) approaches the Merge, the debate over its shift to a proof-of-stake (PoS) network appears to be growing. Many people have expressed their worries regarding the current centralization of Ethereum’s validator nodes, claiming that moving to a PoS system would worsen matters. This has led to rising concerns among crypto investors that the … Read more
Coinbase has said it will list any potential Ethereum proof of work token after the Merge as long as it meets its listing criteria. The publicly listed exchange made this known in an August 25 tweet, adding that it is fully committed to supporting the Ethereum network migration to a proof-of-stake network. Coinbase is committed … Read more
Developers of the purported EthereumPOW hard fork claim they’ve dispensed with the so-called difficulty bomb. This claim comes hot on the heels of Ethereum co-founder Vitalik Buterin announcing a date for the upcoming Ethereum merge that may otherwise leave proof-of-work miners out in the cold. Ethereum’s upcoming merge will change the blockchain’s transaction verification mechanism, … Read more
Issuers of the two largest stablecoins – Tether’s USDT and Circle’s USDC— have extended their support to Ethereum as it approaches The Merge in September this year. Tether feels that it’s crucial that the move to proof-of-stake (PoS) not be used as a weapon to cause confusion and harm within the ecosystem, especially when the community widely uses … Read more
Chainlink has announced that it will not support any proof-of-work Ethereum forks after Ethereum’s merge to proof-of-stake. In a memo to the community, the smart contract oracle provider said it wants to align with the Ethereum community’s social consensus to change Ethereum’s consensus mechanism to proof-of-stake. To ensure minimal disruption, Chainlink is conducting a thorough … Read more
A Chinese Bitcoin miner has claimed that a Proof of Work (POW) fork for Ethereum is “coming soon” as Ethereum prepares to migrate to its Proof of Stake (POS) consensus mechanism. If Ethereum is able to keep to its current projected schedule the change in consensus mechanism, known as “the merge,” will occur on the … Read more
