With the upcoming Ethereum update known as “the merge”, the cryptocurrency is set to abandon its proof-of-work consensus and adopt proof-of-stake. Meaning that Ethereum will significantly decrease its energy use after the update makes mining the cryptocurrency obsolete. The merge will leave Bitcoin as by far the cryptocurrency with the biggest energy consumption in the […]
Category: News
September 7, 2022
September 7, 2022
Recent Solana Updates Might Have Solved Solana’s Outage Problem
In the recent past, Solana blockchain had several issues regarding outages in the blockchain. Today, Solana would have had yet another network outage or congestion problem. However, due to the modifications made by the creators, this did not occur. In the past, the blockchain suffered from slow-speed systems, and even complete outages when it received […]
September 7, 2022
How Will The Merge Affect Polygon?
The Merge, Ethereum’s highly anticipated upgrade to the proof-of-stake consensus mechanism is almost here. Given Polygon’s deep ties with Ethereum, many speculate what this transition could mean for the Layer 2 solution. According to a press release from Polygon, the blockchain will not suffer any impactful changes after Ethereum’s merge. Existing Polygon Ethereum-based smart contracts […]
