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Bug bounty quadruples for Ethereum network — up to $1M payouts ahead of Merge
24.8.2022
According to the Ethereum Foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million
Ethereum Proof-of-Work Forks: Gift or Grift?
24.8.2022
Ethereum will soon transition to a more energy-efficient system for processing transactions, but prominent crypto personalities are hell-bent on keeping the energy-hungry version of the chain alive. Why?
Japan’s bitFlyer Will ‘Pay Close Attention’ to Any Ethereum Proof-of-Work Hard Fork
24.8.2022
The Japanese crypto exchange bitFlyer has said it will “pay close attention” to any hard forks that may happen as a result of Ethereum’s (ETH) transition from proof-of-work (PoW) to proof-of-stake (PoS), and that forked tokens that continue to rely on PoW could be supported.
Writing in a blog post...
What Is The Merge? A Brief Explanation of Ethereum’s Transition From Proof-of-Work to Proof-of-Stake
23.8.2022
In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean much to ethereum users and traders, what’s changing under the hood is a very big deal....
Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane
23.8.2022
Bitcoin may be a significant energy consumer in 2040, but only if its price reaches several million dollars, according to new estimates by Arcane Research
DeFi Platforms See Broad Weekly TVL Decline, One Protocol Stands Out
22.8.2022
Major decentralized finance (DeFi) platforms have seen a broad decline in the total value locked (TVL) over the past week, with only one top 10 protocol seeing growth. The fall in TVL came as prices of popular smart contract tokens like ethereum (ETH), solana (SOL), and BNB also fell...
World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown
21.8.2022
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches...
Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge
20.8.2022
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings...
Data Validation and the Problem of Standards: Why it is Difficult and How to Fix it in a Decentralized Way
19.8.2022
Fabian Riewe is the Co-founder of Web3 data lake solution KYVE.__________
Data validation has always been a key factor in analyzing and clarifying data. From financial transactions completed online to approvals across computer programs, having the correct data is key.
Conducting transactions...
End-of-Week Ethereum: Developers Firm Up Merge Date, Hedge Fund Investor Says Merge is ‘Not Priced In’, Aave Proposes Strongly Signaling Support for PoS
19.8.2022
Ethereum (ETH) developers firmed up September 15 as the date when the highly anticipated Merge is estimated to happen, while Aave (AAVE) seeks to "strongly signal" its support for the PoS chain instead of PoW. Meanwhile, a crypto hedge fund manager says the Merge is not yet priced in by...
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge
19.8.2022
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review,...
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says
18.8.2022
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield...
Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
18.8.2022
With a ban on Tornado Cash, many DeFi proponents were worried that crypto exchanges, which are also key validators of Ethereum, would succumb to pressure and impose protocol-level censorship
Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput
17.8.2022
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs...
EthereumPoW team plans to freeze selected contracts, community pushes back
17.8.2022
The PoW hard fork of Ethereum is being propagated by a set of miners, but many experts believe that the chances of it succeeding is very less
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit
15.8.2022
In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have...
The Investor’s Definitive Guide to Proof-of-Work and Proof-of-Stake (Abridged)
14.8.2022
Ethereum is moving from proof-of-work to proof-of-stake soon. In this guide, we first defend PoW (in the context of Bitcoin); second, defend PoS (in the context of Ethereum); and third, outline (some of) the trade-offs
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days
14.8.2022
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another...
Ethereum Developers Looking for Potential Merge Dates
12.8.2022
During a call on Thursday, Ethereum (ETH) developers mentioned potential dates for the Merge – the massive and much-anticipated event when Ethereum moves from the proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS).
The dates mentioned in the document shared during the call include...
No ‘Black and White’ Answer to the Proof-of-Work vs. Proof-of-Stake Question, Says Kraken
11.8.2022
The proof-of-work versus proof-of-stake face-off does not need to be a fight to the death, a new report has suggested – and a more nuanced approach could pay off for crypto players now fretting about which side of the fence they should be on.
The claims were made in a report on PoW and PoS from...