The shift to Proof of Stake consensus has obviated the use of graphics cards for Ethereum mining. However, a new ETHW Fork coin and use for mining other stablecoins may keep GPU-based mining going, say experts
With Ethereum moving to Proof of Stake, energy consumption to execute transactions will be cut by 99.95 percent. This is expected to encourage large companies to enter the space without worries of impacting ESG compliance.
Many crypto fans hope that it will turn things around for the crypto movement, which has been besieged in the past year by trillions of dollars in losses, a string of major scams and hacks and a new wave of regulatory scrutiny
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Ethereum's price currently stands at $1,604 with a market cap of nearly $201 billion, having dropped from a high of $1,648.19 on September 15
The Ethereum upgrade may bring more regulatory scrutiny on Bitcoin for its energy consumption. While there could be pressure on Bitcoin, there won’t be much of an overall impact, some experts say.
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The upgrade of the Ethereum backbone will result in increased transaction-processing capacity and less energy consumption.
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The upgrade to the Ethereum blockchain eases some of the network's present scalability constraints, speed up processes and make cryptocurrency transactions cheaper.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
The price of Bitcoin hovered around Rs 18 lakh. Bitcoin’s dominance is currently 39.70 per cent, a decrease of 0.57 per cent over the day, according to CoinMarketCap.
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Called the Merge, the software upgrade has been in the works for years, and it will change the way Ethereum orders transaction