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Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s Hashrate
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In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated switch from proof-of-work to proof-of-stake can be expected “around June 8 or so.”Interestingly, Ether's price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains
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Ethereum’s Ropsten testnet is on the brink of a pivotal transition to proof-of-stake, but an unwelcome “reorg” rained on the Merge prep parade last week. Original Source
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A very expected launch went live as the governance token OP was airdropped by the Ethereum layer-2 scaling solution Optimism. Why So Optimistic? In a mission to fund public goods and create a sustainable future for Ethereum, the Optimism Collective firmly believes that “positive impact to the collective should be rewarded with
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Image: https://unsplash.com/photos/jpsocjU9R7s Ethereum could finalize its transition to proof of stake, aka 'the merge', as soon as August this year if everything goes according to plan. At the recently held Permissionless conference, the cryptocurrency's core developer Preston Van Loon told the audience there was plenty of momentum behind solidifying the move
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Ethereum solves this problem with a fairly straightforward fee market – users bid against each other for block space. When you set your desired fee ranges in MetaMask, you’re setting your fee bid range, with lower bids usually having to wait longer to win a slot and be validated. This
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Ethereum has proven to be a formidable force. While its major issues have spawned other coins aimed at addressing them, Ethereum looks to shed its old skin with the release of Ethereum 2.0.Despite the fact that Ethereum was created six years after Bitcoin (BTC) and the introduction of blockchain technology,
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GPU miners “are not really investing in new equipment at the moment, since prices have been high for a while,” and “most of them are likely waiting for when Ethereum moves to PoS, to buy up the second-hand GPUs” from those who will give up when the shift happens, Joe
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As those projects come and go, reaching or missing their confined, self-interested little metrics, Ethereum is still here. To a degree that’s rarely acknowledged, that’s because Buterin, even in the very early days, insisted on principles of openness, accessibility and fairness. Moreover, it seems clear he understood his power and
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In the meantime, the focus has shifted away from the Ethereum network itself to layer 2 systems like “rollups,” which scale the Ethereum network off-chain while borrowing its essential security guarantees. An entire layer 2 industry has popped up to scale, or increase capacity on, Ethereum, with leading products such
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