Has This Ethereum Classic Developer Solved Proof of Stake?
In the quest for a reliable proof of stake algorithm, IOHK CEO and Ethereum Classic developer Charles Hoskinson believes his company has made a breakthrough. Charles Hoskinson was one of the original founders and the initial CEO of Ethereum, but left the project before Ethereum's official launch in 2015. Along with another Ethereum veteran, Jeremy Wood,....
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Ethereum is shifting from PoW to a PoS network to solidify its stance in the crypto space. This plan and preparation, which have been ongoing for more than a year, seem to be ending. There’s a hopeful expectation that Ethereum will finally become a Proof-of-Stake network. The transition process, also known as The Merge, will […]
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic. Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum's native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs.Why is ETC beating ETH?ETC's price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH's price has seen a 64% rally in U.S. dollar terms.ETC/USD versus ETH/USD daily price chart. Source: TradingViewEthereum's rebound has been among the sharpest among the top....
On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network’s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022.
Ethereum Classic Hashrate Spikes Following the Latest Merge Announcement
The Ethereum Foundation recently published a blog post called the “Mainnet Merge Announcement,” which gives the public....
Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network during the last few days.
Ethereum Classic’s Hashrate Runs Hot Skyrocketing Toward 50 Terahash
The sibling blockchain of Ethereum, known as Ethereum Classic, has been....
Given the relatively quiet altcoin market, it's easy to miss the new technologies and interesting applications that are gaining ground. Yet, as September rolls to a close and October lies just around the corner, it might be premature to assume that the altcoin world is running out of steam as some have suggested. Today's roundup includes a chat with the developer of XCurrency, a look at I/O's new proof-of-stake concept and an altcoin that is out of this world. I/O preps next-gen proof-of-stake framework. The proof-of-stake (PoS) concept has expanded in recent months, including....