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The annualized rolling discount in one-month bitcoin futures listed on Deribit, the world's largest crypto options exchange, narrowed to 0.3% from 17.66% before the changeover, which went live at 6:43 UTC, according to data provided by Skew. Discounts in futures listed on Kraken, OKEx and the Chicago Mercantile Exchange also
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The miner used almost 30 million gwei to pay for that transaction. Original Source
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Ethereum’s transition from Proof of Work to Proof of Stake was successfully completed just after 2:30 AM ET, or 5:30 AM GMT at block 15537391. Source
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It is no small feat swapping out one way of running a blockchain, known as proof-of-work, for another, called proof-of-stake. “The metaphor that I use is this idea of switching out an engine from a running car,” said Justin Drake, a researcher at the non-profit Ethereum Foundation who spoke to
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Ethereum (ETH) is heading for the most significant upgrade in its history, which is scheduled to happen at around 5:27am UTC on Sept. 15.Those wanting to watch the Ethereum network make its historic shift to proof-of-stake (PoS) in real-time will have plenty of options to choose from. The Ethereum Foundation
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“Ethereum and Bitcoin, the two oldest and largest blockchain projects, are both still using PoW which is widely (and rightly) considered wasteful,” Mihailo Bjelic, co-founder of Polygon, told CryptoX in an email. “Lately that has started to significantly impact the public opinion about Ethereum as a development platform and some
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Ethereum’s transition to proof-of-stake is like changing the engine of a moving car, where the car is the execution layer (EL) that processes the data and transactions and the engine is the consensus layer (CL) that determines how the transactions are built into blocks to make the chain. Because of
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Despite what often feels like a whirlwind of price movement, ETH’s volatility has narrowed leading into the Merge. Investors should note, however, that historically, diminishing volatility has not always trended in a straight line. ATR spikes in February, May and June were noticeable and could certainly be repeated. Original Source
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Ethereum, the blockchain behind ether (ETH), the second-largest cryptocurrency by market cap, and worth almost $200 billion, will attempt to do what no major blockchain has ever done – switch consensus mechanisms (how computers agree on the state of a network) from proof-of-work to proof-of-stake. What impact will this transition,
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Ether (ETH) was trading around the $1,500 level as the Merge approaches in less than 12 hours. Bitcoin (BTC) was back below $20,000. Source
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