The Ethereum blockchain's mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive "proof of stake" system with hardly a hiccup.
The next significant upgrade for Ethereum is the "Shanghai", expected by market participants in around six months' time, which is aimed at reducing its high transaction costs. The staked ether crypto coin - viewed as a bet on Ethereum's long-term success as it cannot be redeemed until Shanghai happens - is trading at nearly parity with ether at 0.989 ether, according to CoinMarketCap data, indicating confidence in future upgrades.Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022.
"Because the Merge was delayed for several years, investors, traders, and end-users have a great deal of trepidation around when Ethereum will meaningfully scale," said Alex Thorn, head of firmwide research at blockchain-focused bank Galaxy Digital. However, institutional investors aren't jumping in just yet, as a fearsome macro environment chills the waters of risk appetite.
CRIMECOIN
🤯
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.
Post-Merge ETH has become obsoleteStaked ETH is more capital efficient and more profitable than regular ETH, and platforms that offer liquid staking derivatives are bolstering its popularity. 🚀Thnkss a millon. This is insane game changer The earnings made from using the locked pools on socialswapdefi is even better than any other in the crypto space. One thing I love about socialswapdefi is how it makes trading better especially with their stop loss feature and negligible gas fees. It’s an excellent swap sst
Source: Cointelegraph - 🏆 562. / 51 Read more »
The Merge Doesn’t Solve Ethereum’s 'Atomic Composability'The EthereumMerge reduced global energy conservation, but could it threaten the viability and sustainability of a healthy Web3 ecosystem? If the miners forked, then no it didn’t lessen any impact. Or anything meaningful….yet EthereumPoW ETHPOW_cn real fork 1.000usd soon Don't follow your dreams reach the end floki flokitoken Crypto ElonMusk Shiba Bscgems BinanceSmartChain $BNB $BTC $ETH
Source: CoinDesk - 🏆 291. / 63 Read more »
Ethereum post-Merge hard forks are here: Now what?Though the current transaction activity of the crypto asset seems stable, the PoW spin-off’s price value has been in constant decay since its launch. why iis news iis ddumb about thiis there's no alternative to Ethereum, especially when it has Polygon bringing the world to its network by providing a suite of scaling solutions to make Ethereum cheaper and faster for both users and developers
Source: Cointelegraph - 🏆 562. / 51 Read more »
The ETH Merge Did Little to Energize a Tepid NFT MarketMany thought Ethereum's transition from proof-of-work to proof-of-stake would help reinvigorate the NFT market. But data shows little movement despite major improvements to the blockchain’s energy use, speed and scalability. elitanjourno reports elitanjourno Its still very good for the future of ETH. There are couple more updates before ETH2.0 during this time projects contributing with Ethereum will grow rapidly . iExec $RLC elitanjourno Hopefully it’s because more people understand proof of stake is even more evidence that Etherium is digital fiat elitanjourno I don’t think The Merge solves scalability issue of Ethereum.
Source: CoinDesk - 🏆 291. / 63 Read more »
Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After MergeMiners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any business affiliation with the blockchain network. whhy nobody taalk thhis Check out what iExec got in stuck now that ethereumMerge is over $RLC the last miner move.... after that no more miner manipulation
Source: CoinDesk - 🏆 291. / 63 Read more »