Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs
The Ethereum proof-of-stake consensus mechanism will cut energy consumption by a massive 99.95% compared to the proof-of-work system. The Ethereum Merge has officially taken place, marking the full transition of the network to proof-of-stake (PoS). On Sept. 15 at 06:42:42 UTC at block 15537393, the long-awaited Merge saw the merging of the Ethereum Mainnet execution layer and the Beacon Chain’s consensus layer at the Terminal Total Difficulty of 58750000000000000000000, meaning the network will no longer rely on a proof-of-work consensus mechanism. The Ethereum Foundation said the Merge....
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The Merge happened, and now the community watches like proud parents as Ethereum takes its first steps as a proof-of-stake consensus. The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus.Officially the Merge took place on Sept. 15 at 06:42:42 UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 UTC.The NFT, which is a time capsule of the moment of the first NFT mint and the....
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 best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This Week Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occursEthereums highly anticipated conversion to a proof-of-stake (PoS) consensus algorithm,....
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....
Moments before the big Ethereum Merge took place, co-founder Vitalik Buterin shared his excitement and PoS vision with the community. As the clock counted down to the final moments of the big Ethereum (ETH) Merge, co-founder Vitalik Buterin joined the “Ethereum Mainnet Merge Viewing Party” livestream hosted by the Ethereum Foundation to share his final thoughts.When asked if he was excited about the Merge, Buterin responded that he is "absolutely excited about being exited from the proof-of-work era." The co-founder went on to say that the historic transition of the network from....