Ethereum Network Attracts Over 70,000 New Addresses In Merge Anticipation
The upcoming Ethereum merge is being considered a big crypto project event. The community sees this as a significant factor in rallying the ETH price in the future. Therefore, as the date of merge, September 15, is approaching, the Ethereum network is attracting a significant increase in activity. According to data from Ethereum-focused blockchain research […]
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The Ethereum merge from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is now roughly 30 days away after what feels like years of anticipation. While price action is the mainstay pillar of speculation, anticipation over ‘The Merge’ continues to grow – and so too does ETH’s market dominance. New data shows that Ethereum continues to gain ground […]
The anticipation around the Ethereum Merge has continued to build up. While nothing is set in stone, it does seem likely that the Merge will happen according to the most recent schedule put out by the developers. This air of certainty has influenced the market greatly, and the price of the digital assets has responded […]
Ethereum has been hitting different milestones in the last year. However, with the announcement of a set date for the move to proof of stake, aka the ‘Merge,’ there has been a flurry of activity on the network, pushing it towards even more impressive records. This time around, the milestone has come in the form of the total number of unique active addresses on the network. Nearing 205 Million The rate at which new unique and distinct Ethereum addresses are being added to the network has seen an incredible push. In just 2022 alone, there have been more than 21 million distinct addresses....
Experts believe that miners are hoarding more ETH in anticipation of price surges and forked PoW tokens. The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner's balance has touched a new four-year high.According to....
The Merge will still reduce the network's energy consumption by an estimated 99.5%. According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the "Merge," — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote: "Gas fees are a product of network demand relative to the network's capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput."The....