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 […]
Tag: BTC
September 7, 2022
September 7, 2022
$120 Million Worth of Bitcoin Was Removed from Binance In a Single Transaction.
According to recent reports, a bitcoin whale just made a single transaction of $6,003.59 BTC (or $117.6 million) from the cryptocurrency exchange Binance. This move alone was able to impact the cryptocurrency community, which is now wondering what was the motivation for getting read of $120 million worth of Bitcoin. One possibility is that the […]
September 4, 2022
Ethereum’s Vitalik Buterin “Worried” About Bitcoin’s Future for Two Reasons
The founder of Ethereum, Vitalik Buterin recently expressed his concerns about the sustainability of bitcoin security and is concerned for two reasons about its security. Buterin offers two reasons for his fear of the security of Bitcoin in the future. In an interview with former Bloomberg columnist Noah Smith that was published yesterday, the Canadian-Russian […]
