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Ethereum’s long-awaited Merge took place in September, shifting it from a legacy proof-of-work (POW) model to the sustainable proof-of-stake (PoS) consensus algorithm. Many observers expected Ether’s (ETH) price to respond positively as its daily emissions declined 90% with the halt of mining operations. However, the expected price surge never occurred. In
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“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in [the programming language] Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use,” Raul Jordan, the co-founder of Prysmatic Labs said
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Ethereum’s layer 2 platforms have been slow to gain traction, but the rollup race is heating up with the emergence of new players and key upgrades. Valid Points is CryptoX’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets. Source
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Ethereum has been seeing increased regulatory scrutiny in recent months. This comes following the network’s move to a proof of stake mechanism
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A Twitter thread also emerged last month with data published by Toni Wahrstatter, an Ethereum researcher, that looked at data created with the MEV-Boost relays. The data showed that as of Sept. 27, Flashbots has created 19,436 blocks since the Merge, all of which have censored Tornado Cash transactions. Other
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“Sepolia and Goerli are considered the two testnets the ecosystem plans to support,” said Parithosh Jayanthi, a DevOps Engineer at the Ethereum Foundation, to CryptoX. “Goerli has a relatively large dapp (decentralized applications) ecosystem and allows users to join the validator set in order to test their staking setups. Sepolia
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Ethereum’s Merge Was a Public Policy Miracle, So When Is the Congressional Hearing? Source
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After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for investors and accountants alike in the past.While there has been progress, the United States Internal Revenue Service rules still weren’t
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The controversial Arthur Hayes asks a burning question in his latest blog post. Is the PoS Ethereum prone to centralization? The former
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What that is, and why it matters. Source
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