Proof Of Stake

Highlighting blockchain technology's transformative impact on global finance and the payment industry, Pratik Gauri, the CEO of 5ire on Monday delved into the global shift towards sustainable digital finance and the unique approaches of countries like the UAE, Nigeria,...

Semiconductor companies NVIDIA Corp (NASDAQ:NVDA)  and Advanced Micro Devices Inc (NASDAQ:AMD), known for their graphics processing units (GPUs), saw their stock prices benefiting from the boom in cryptocurrencies.  What Happened: These GPUs, originally designed for high-end video game...

The Shiba Inu (CRYPTO: SHIB) ecosystem, anchored on the Ethereum (CRYPTO: ETH) blockchain, launched its Ethereum Layer 2 blockchain, Shibarium, at the Blockchain Futurist Conference in Toronto. This development followed the successful testnet phase in which Shibarium recorded more...

Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), expressed that the Bitcoin (CRYPTO: BTC) network needs to adopt scalable solutions such as zero-knowledge rollups (ZK-rollups) to expand beyond just another payment system. Buterin shared these thoughts during a Twitter Space session...

The Shanghai upgrade for Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market cap, is expected to be deployed on Wednesday at 22:27 UTC (6:27 p.m. ET), a milestone in its transition from a proof-of-work (PoW) to a proof-of-stake (PoS) network. In this article, we...

The Ethereum (CRYPTO: ETH) burning frenzy shows no signs of slowing down since the introduction of the London fork. Glassnode data reveals the total number of Ethereum burned has recently reached a staggering 3 million. At the current price of $1,708 at the time of publication, this...

Neo-banking company Revolut has introduced cryptocurrency staking in the UK and the European Economic Area through a soft launch, AltFi reported. What Happened: The full launch will start this week, allowing users to earn income on their crypto assets while the product was in soft testing....

Despite Bitcoin’s (CRYPTO: BTC) popularity as the world’s most popular cryptocurrency and one having the highest market capitalization, Ethereum (CRYPTO: ETH) is far more critical to the ongoing development of the Web3 ecosystem. Ever since smart contracts started gaining traction for...

The pioneering cryptocurrency Bitcoin (CRYPTO: BTC), which still dominates the market today, has encountered several difficulties along the road, with the most pertaining to its proof-of-work (PoW) mining consensus and the subsequent environmental effect. One of the most talked-about...

Mining cryptocurrencies consumes a great amount of energy. In an effort to make the adoption of cryptos more sustainable, the European Commission (EC) is developing the a framework to encourage "the most energy-efficient versions of the technology." What Happened: By developing a standard...

The Solana network (CRYPTO: SOL) stopped processing transactions and went offline on Friday due to a misconfigured node, marking the blockchain's fourth significant outage since January, when it had a succession of partial outages for most of that month. One year has passed since a roughly 18-...

Considered the world’s most actively used blockchain network, Ethereum (CRYPTO: ETH) has successfully transitioned from a mining and energy-intensive proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model that replaces miners with validators. Dubbed as The Merge, this...

With Ethereum (CRYPTO: ETH) successfully completing its Merge to proof of stake, a new blockchain has earned the rank of the second-largest proof of work blockchain.  What Happened: Ethereum officially transition to a PoS network, marking an end to mining ETH, on Thursday....

The Ethereum network has officially switched over to proof-of-stake (PoS) as a result of the Ethereum Merge. The proof-of-stake switchover the Ethereum network undertook at 2:45 a.m. EST was a historic achievement the cryptocurrency world had been waiting for more than five years. Both...

The Ethereum (CRYPTO: ETH) 'Merge' is scheduled to take place early Thursday morning (Sept. 15), somewhere between 1:00 AM and 2:00 AM EDT.  The event will be a culmination of years of work conducted by Ethereum’s core developers. After a number of postponements, the...