After Ethereum’s successful transition into the proof-of-stake mechanism, the United States government is already looking to understand what these changes will mean for the future of the cryptocurrency. This week – the United States U.S. Securities and Exchange Commission (SEC) is closely monitoring the situation now that Ethereum has switched to Proof of Stake to see […]
Category: Ethereum
September 16, 2022
September 16, 2022
Ethereum Completes Merge Successfully
The successful switch of Ethereum’s network from a Proof-of-Work to a Proof-of-Stake consensus mechanism took place over the course of the last week. The event was regarded by many as one of the most important technological advancements in cryptocurrency’s history. According to the Ethereum Foundation, the Paris upgrade, the last phase of the Ethereum merge, […]
September 15, 2022
How The Merge Is Making GPU Prices Crash
With the upcoming merge, the world’s second-largest cryptocurrency by market capitalization is bound to retire its proof-of-work consensus mechanism in order to adopt a cleaner and more environmentally-friendly “staking” consensus. When this happens, Ethereum will let go of around 260 thousand miners that, up to today, were responsible for the creation of new tokens and […]
