Ethereum's Big Switch: The New Roadmap to Proof-of-Stake
After years of development, ethereum has a new plan to update the algorithm that keeps its entire network in sync. Vitalik Buterin, ethereum's creator, recently released a rough implementation guide that reveals the network's developers will first start with a 'hybrid' system that merges bitcoin-style proof-of-work mining with its much-anticipated and still-experimental proof-of-stake system called Casper, created by Buterin. The plan effectively means ethereum will begin alternating between the two systems, so that some transaction blocks (one out of 100) are secured via proof-of-stake....
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A technical and in-depth analysis of the trade-offs that Ethereum’s consensus mechanism makes in its switch to proof-of-stake and how proof-of-work differs.
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....
Ethereum’s switch to proof-of-stake is scheduled for mid-September. What are the possible risks? How does it work compared to Bitcoin’s proof-of-work consensus?
In a bid to save the Ethereum mining community, a group known as the Ethereum Genesys Foundation (EGF) successfully hard forked the chain to continue Proof-of-Work (PoW) mining. With the ETH 2.0 upgrade well underway, the switch to Proof-of-Stake (PoS) would render miners redundant. What’s more, miners claim they are slowly being phased out, even […]
Ethereum's long-awaited Merge with the Beacon Chain is complete — here's what the long-term roadmap for the continued development of the protocol looks like. The Ethereum blockchain has successfully completed its shift away from proof-of-work to proof-of-stake (PoS) consensus following the merge of the Mainnet and the Beacon Chain.The Merge took place on Sep.15 as the network shifted to PoS seamlessly, seeing hardware-based miners replaced by validators that stake Ether (ETH) to process transactions, add new blocks and maintain the network.The most pertinent question in the cryptocurrency....