Ethereum’s transition to a proof-of-stake consensus mechanism, thousands of Ether miners found themselves without a token to mine. Ethereum’s cryptocurrency community of over 260 thousand wallets is now forced to either jump ship to other tokens – or completely abandon cryptocurrency mining altogether. The transition also impacts the GPU market. Proof-of-Stake disincentives the widespread sales […]
Category: News
September 17, 2022
September 17, 2022
Dogecoin Now The Second Largest PoW Cryptocurrency in The World
The meme coin that started as a joke ten years ago has really come a long way. This week, Ethereum – the world’s second-largest cryptocurrency by market capitalization, finished its anticipated upgrade by moving away from mining solutions in order to embrace a staking consensus mechanism. By doing that, Ethereum left the ranking as the […]
September 16, 2022
Polygon’s Co-Founder Believes that Ethereum’s Merge Could Bring Over a Billion People to Web3
According to Sandeep Nailwal, co-founder of Polygon Technology, the success of Ethereum’s Merge is a significant milestone for the community and may pave the road for widespread adoption. While Nailwail acknowledged that Ethereum’s switch to proof-of-stake (PoS) from proof-of-work (PoW) does not provide any scalability – the Polygon frontman stated that the answer to the […]
