The merge was undoubtedly the biggest moment of the year for cryptocurrency enthusiasts. In September Ethereum, the second-largest cryptocurrency by market capitalization completely changes its network in order to adopt the proof-of-stake consensus mechanism. This means that Ethereum changed the way the blockchain produces new tokens. Previously, Ethereum functioned under a “Proof-of-Work” consensus – which […]
Category: Ethereum
October 21, 2022
October 19, 2022
Ethereum Co-Founder Compares Today’s Metaverse To The Early Years of The Internet
Ethereum Co-Founder Joe Lubin and current CEO of Consensys – a company that specializes in blockchain technology solutions – is an enthusiast of the capabilities of the Metaverse in the future. In an interview with Decrypt, Lubin talked about how confident he is that Web3 technology will become so advanced that the Metaverse will be […]
October 17, 2022
Morgan Stanley Claims Ethereum Is Becoming Centralized
A report from Sheena Shah, an analyst for Morgan Stanley (an American multinational investment management and financial services), claimed that since the network switched to the Proof-of-Stake (PoS) algorithm, Ethereum has grown more centralized. Validators certify the transactions on the network since Ethereum switched from a Proof-of-Work consensus to a Proof-of-Stake one. According to the […]
