Post-Merge Question From The SEC: Is ETH Under Proof-Of-Stake A Security?
We’re in a post-merge world. And the SEC is looking at Ethereum once again after the substantial changes it recently went through. Word on the street is that Chairman Gary Gensler, speaking post-merge for the first time, insinuated Ethereum could now be a security. What did Gensler say, exactly? What is a security? Is the […]
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Not that anyone is asking, but Coin Center inserted itself into the debate at hand. Is the Post-Merge Ethereum a security now? Moving from Proof-Of-Work to Proof-Of-Stake without pausing the operation was quite a feat, but it came with a cost. Many things are completely different at this stage, and those new characteristics might put […]
The security expert said that while PoS isn’t “theoretically” as secure as PoW, he admits it still has “sufficient practical security.” Despite the Ethereum Merge being touted as a major upgrade to the blockchain network, its transition to proof-of-stake theoretically makes it more vulnerable to exploit.Speaking to Cointelegraph, the security researcher explained that unlike proof-of-work (PoW) systems, a proof-of-stake (PoS) system informs node validators in advance what blocks they will validate, thus enabling them to plan attacks. The security expert, who asked not to be named, is a....
The Ethereum Merge is the upcoming transition from proof-of-work to a proof-of-stake system and the Merge is the most important part of the ETH 2.0 upgrade. The upgrade is concerned with the transition from proof-of-work to proof-of-stake consensus. The upgrade as reported has been delayed until the end of 2022, with no firm date on […]
The upcoming ETH Merge remains a highly anticipated and hyped event in the crypto space. Also, it has created different reactions and beliefs among institutional participants. The Merge is a transition to a Proof-of-Stake consensus mechanism from Proof-of-Work. Also, the scheduled launch date is on September 15, 2022. However, as the date for the Merge […]
After implementing the merge testnet Kiln, Ethereum is seemingly getting closer to transitioning to a full proof-of-stake (PoS) network. According to developers Kiln’s execution layer was initially launched leveraging proof-of-work (PoW) and since March 15, Kiln is running entirely under a proof-of-stake consensus algorithm. Ethereum’s Kiln Merge Testnet Goes Live Ethereum developers are making progress toward the network’s full transition from PoW to PoS, according to a recently published blog post written by the Ethereum Foundation. The blog post, called....