As Ethereum Enters the PoS Era, MEXC Becomes First Exchange to Open ETHW Deposits

[PRESS RELEASE – Please Read Disclaimer] At 06:43 (UTC) on Sept. 15, 2022, Ethereum accomplished its merge at the block top of 15,537,393 and formally switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining period. At the similar time, Ethereum had formally laborious forked from Ethereum, … Read more

The world of crypto: ICO to DAO to POS, a quick guide to some key crypto terms

It’s no thriller that the world of cryptocurrency could be an intimidating one for anybody new to it. With so many unknown terms floating round, it’s simple to really feel such as you want an insider to perceive what’s occurring. Thankfully, we’ve bought you coated. If you’re studying this, likelihood is you might have already … Read more

Cardano’s Charles Hoskinson Hits Back at Jack Dorsey Over PoS Debate

Former Twitter CEO Jack Dorsey’s latest tweet didn’t sit nicely with the Cardano creator, Charles Hoskinson, who squarely aimed at the Bitcoin proponent and stated the Merge will kick off an “period” the place all proof-of-stake (PoS) networks shall be unfairly categorized as being much like Ethereum. His tweet learn, “Now begins the Era of … Read more

The Merge Is Nearly Here: What to Expect From Ethereum’s Transition to Proof of Stake (PoS)

After a number of delays, Ethereum’s proof-of-stake improve is lastly right here. It is predicted to happen between Sept. 14 – 15. Ethereum customers have been eagerly awaiting the improve, dubbed the ‘Merge’, for the reason that blockchain introduced the launch of the Beacon Chain in Dec. 2020. The new chain was launched with the … Read more

POS Ethereum Will Be Censorship and OFAC Resistant Argues Eric Wall

In the wake of sanctions from the Office of Foreign Assets Control (OFAC) towards Tornado Cash, crypto analyst Eric Wall has trashed the potential of an OFAC-compliant Ethereum chain, calling the notion “lifeless on arrival.” According to Wall, Ethereum could must take punitive measures towards some validators to make sure its future censorship resistance. A … Read more

Aave Pushes for Proposal to Support Ethereum PoS Exclusively

The Merge continues to be one of the high-profile upgrades in latest occasions. But the retaliation is robust and has gained many allies. Those opposing preserve reiterating their push for Ethereum to bear a “onerous fork” after it transforms right into a proof-of-stake (PoS) blockchain subsequent months. Despite this, many protocols are trying to shift … Read more

Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition

Issuers of the 2 largest stablecoins – Tether’s USDT and Circle’s USDC— have prolonged their assist to Ethereum because it approaches The Merge in September this 12 months. Tether feels that it’s essential that the transfer to proof-of-stake (PoS) not be used as a weapon to trigger confusion and hurt inside the ecosystem, particularly when the neighborhood broadly … Read more

PoW and PoS Are Crypto Versions of Fossil Fuel Cars and Electric Autos: ECB Report

The European Central Bank (ECB) has voiced issues about the numerous carbon footprint of Proof-of-Work (PoW) mining whereas hinting at a doable ban on such crypto property, together with Bitcoin, by 2025. In a paper published earlier this week, the financial institution’s researchers argued that Bitcoin and Ethereum have a major carbon footprint and eat … Read more

Proof-of-stake (PoS) tokens to get into early for an eco-friendly future

ADA, SOL, DOT, TRX, AVAX, ALGO, and ATOM are all stable Proof-of-Stake (PoS) tokens that you would be able to get. All of those tokens have seen an enhance in worth all through the final 24 hours. Each of them represents an eco-friendly ecosystem of decentralized functions (dApps) and use-cases. Cardano (ADA), Solana (SOL), Polkadot … Read more

Bitcoin Fails to Conquer $30K, Ethereum PoS Merge on Ropsten Testnet Profitable: This Week’s Crypto Recap

The week, eventful because it was, failed to end in a decisive change in any route. The market is kind of on the identical degree it was seven days in the past, registering a slight lower. Starting with Bitcoin, cryptocurrency went on a curler coaster during the last week. Seven days in the past, it … Read more