The second factor which created some kind of stability in the industry is Ethereum’s Merge, which should occur later in 2022. The analysts think the latest developments around the process have brought back investors’ confidence. The possible transition toward PoS has also created a “floor bottom” for the digital asset prices, while the experts believe the worst of the bear market is over.
“However, we think the real driver has been the Ethereum Merge and positive data following the launch of the Sapolia testnet in early July and Ropsten testnet in June, indicating the merge is viable in 2022.”that the Merge testing is 90% complete. Once the shift comes to an end, the blockchain protocol “will be able to process 100,000 transactions per second” compared to the current 15-20, he outlined.
It is worth noting that the move has been delayed numerous times in the past, and it is yet to be seen whether it will actually occur by the end of this year. Assuming it does, it will be the first cryptocurrency protocol to change its consensus algorithm. As such, it can’t be compared to similar past events, meaning that time will show what the aftermath will be.
Agreed
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto.com Receives South Korean Regulatory Licenses After Buying Local FirmsDigital asset exchange cryptocom said it has received regulatory licenses in South Korea after buying local payment service firm PnLink Co. and virtual-asset exchange OK-BIT Co. By shauryamalwa and parikshitm899 cryptocom shauryamalwa parikshitm899 Maybe someone wants to discuss this? 🚀 Thankss a millon cryptocom shauryamalwa parikshitm899 Let's CRO $CRO
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally – Bitcoin NewsWell before the Hodlnaut withdrawal pause, the Terra whistleblower called Fatman warned people about Hodlnaut's alleged issues. 🚀 Thankss a millon Whys nonee talkin about this? …… Hoooow coooome Uniswap alloooows this …
Source: BTCTN - 🏆 531. / 51 Read more »
Iran Places First Crypto-Funded Import Order, Worth $10M: ReportIran has started paying for imports with crypto. A government official said the country placed its first order, worth $10 million. By iamsandali iamsandali nice👏👏👏🫶 iamsandali Yes and told you guys about it lol. Source : I told you bro “
Source: CoinDesk - 🏆 291. / 63 Read more »
STOCK MARKET NEWS: Dow rises, oil, crypto higher, gas, diesel lower, iconic toy store returnsMarkets moving higher after finishing close to flat on Friday. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. DarkBrandon ThanksBiden
Source: FoxBusiness - 🏆 458. / 53 Read more »
Buterin: Layer-2 scaling will make crypto payments ‘make sense’ againWatch your back, fiat. Ethereum co-founder VitalikButerin has argued that crypto payments will once again “make sense,” as transaction costs will soon fall to fractions of a cent due to layer-2 rollups. 🚀 Thankss a millon VitalikButerin VitalikButerin
Source: Cointelegraph - 🏆 562. / 51 Read more »
Crypto Investor SoftBank Reports Record Quarterly LossJapanese conglomerate SoftBank, which has backed crypto companies including FTX and The Sandbox, reported a record $23.4 billion quarterly loss attributed to the global tech stock sell-off. BrandyBetz reports SoftBank BrandyBetz 'Crypto investor' is a pretty disingenuous headline. They primarily invest in tech companies, and have some crypto exposure. As it says in the article these losses are: 'largely attributable to declines in publicly traded companies'
Source: CoinDesk - 🏆 291. / 63 Read more »