With the upcoming merge, the world’s second-largest cryptocurrency by market capitalization is bound to retire its proof-of-work consensus mechanism in order to adopt a cleaner and more environmentally-friendly “staking” consensus. When this happens, Ethereum will let go of around 260 thousand miners that, up to today, were responsible for the creation of new tokens and […]
Tag: the merge
September 15, 2022
September 15, 2022
What does Ethereum’s Merge Mean For the Environment?
Ethereum’s merge into a proof-of-stake consensus mechanism is easily one of the most anticipated events in cryptocurrency’s history. After the transition is complete, Ethereum will completely abandon proof-of-stake – which means that the second largest cryptocurrency by market capitalization in the world will forego the need for mining in order in order to run the […]
September 11, 2022
Ethereum Finished Final Network Test Before The Merge
The anticipation for Ethereum’s much awaited merge into proof-of-stake consensus is nearly here. Ethereum’s network engineers have run test after test in the frantic lead-up to Ethereum’s much-awaited merge in order to ensure everything goes according to plan when the second-largest cryptocurrency by market capitalization switches to proof of stake early next week. Ethereum completed […]
