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 […]
Tag: the merge
September 17, 2022
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 […]
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, […]
