Tag: ETH2

Ethereum 2.0 is a major upgrade to the Ethereum blockchain and will be released in stages starting year 2022.

5 entities own 64% of staked ETH; ETH sell-off

A study from Nansen reveals that 5 organizations possess 64% of staked Ether (ETH) ahead of Ethereum’s Merge with the Beacon Chain. Also, Nansen determined that more than 70% of staked ETH is worth less than when bought. They published a research addressing one of the main anxieties highlighted by Ethereum’s Merge: that a large number of “stakers” may sell out ether (ETH) if given the opportunity. Centralization Five...

$stETH, Cryptocurrencies, ETH2, Ethereum, Front page, Staking

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Where does Ethereum go from here?

The core developers of Ethereum have decided not to convene as a group or make any major decisions concerning the future of the network over the next two to three weeks. However, this time away from pressing decisions is temporary. The Ethereum core development team has one month to decide on the improvements they want to see in the next Shanghai update. The group is split on this issue. Again, the judgment will have far-reaching financial...

Cryptocurrencies, ETH2, Ethereum, Front page

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The Merge is here: Why is it so important?

The Ethereum upgrade often referred to as “The Merge” went live September 15th on the network of the digital currency. Changes in the consensus process from Proof-of-Work (PoW) to Proof-of-Stake (PoS) have profound effects on the Blockchain’s operational dynamics, allowing for novel use cases but also raising certain ethical concerns. All the hype around the upgrade hasn’t prevented the digital currency’s value...

Blockchain, ETH2, Ethereum, Front page

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Staked Ethereum arbitrage opportunity

Lido Finance now exchanges ETH for stETH. Lido’s staking feature compensates customers for locking up ETH on the exchange. Staked Ethereum is an Ethereum coin that represents ETH staked for a long time to sustain and safeguard the Ethereum blockchain network operating on the Beacon Chain. Beacon Chain is a proof-of-stake variant of Ethereum’s blockchain. stETH operates as an IOU and might be exchanged into ETH when the Ethereum...

$stETH, Altcoins, ETH2, Ethereum, Lido, Staking

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Ethereum price rises after The Merge test concludes

Supporters of Ethereum had a momentous occasion late last night. The most recent test of the long-awaited upgrade to The Merge was successfully carried out at around 9:45 pm New York time on Wednesday. The latest upgrade for The Merge entails moving to a new security architecture for the network that is known as Proof of Stake (POS). Users are required to make use of the ether cache they already possess in order to validate transactions and...

Cryptocurrencies, ETH2, Ethereum, Front page

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What is the Merge in Ethereum? 

The Merge represents the joining of Ethereum’s existing execution layer (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step towards realizing Ethereum’s vision: more scalability, security, and sustainability. How The Merge happens Proof-of-work has been used to secure...

Blockchain, Cryptocurrencies, ETH2, Ethereum, Featured, Front page

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The Merge might boost demand for Ethereum, probably surpassing Bitcoin

According to a Bloomberg piece titled “Booms, Busts, and Bitcoin,” The Merge will be accompanied by a sequence of events that will alter the view of ETH as an investment asset, with the potential to become an institutional-grade asset on a global scale. In this respect, they note that the alteration of the consensus method will be the determining factor. Ethereum has exceeded Bitcoin in a number of key adoption indicators that are...

Cryptocurrencies, DeFi, ETH2, Ethereum, Front page

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Vitalik Buterin: Merge Testing is 90% complete

According to the Ethereum co-founder, the blockchain project is now in the middle of a protracted process that will eventually make it more resilient in a variety of ways. Vitalik Buterin said that “fusion testing” is 90% complete. This refers to the process of ensuring that various software components can work together as intended. Buterin also said that there were still some bugs left to squash, but that he expects them to...

Cryptocurrencies, ETH2, Ethereum, People

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What is the Ethereum difficulty bomb?

The Ethereum network is facing its own version of a “difficulty bomb” that will start to slow down the current blockchain system. The Difficulty Bomb is a difficulty adjustment algorithm that is designed to make block mining more difficult over time. It was originally implemented with the goal of incentivizing miners to switch to Proof-of-Stake (PoS) mining. The difficulty bomb was first announced in 2015 and was originally set to go live in...

Cryptocurrencies, ETH2, Ethereum, Front page

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Ethereum’s Metropolis Hard Fork Won’t Launch in June

Ethereum’s shift to proof-of-stake might have to wait a little longer. After a few weeks of speculation, Ethereum core developer Tim Beiko confirmed in a tweet Tuesday that the long-awaited Ethereum Merge will come later than expected. Instead of June, Beiko said that the network’s transition to proof-of-stake is more likely to come “in a few months after.” It won't be June, but likely in the few months after. No firm date...

ETH2, Ethereum, Featured, Staking

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