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The total market value of cryptocurrencies using the proof-of-stake consensus algorithm decreased by 7% at the end of Q3 to $254 billion. Such estimates are provided by the Kraken-related platform Staked. According to experts, the market share of such coins decreased by 2% to 22%. Ethereum (ETH) dominance in this segment
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In a pre-proposal discussion post, Polygon co-founder Mihailo Bjelic argues why the mainchain should go through a major upgrade. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon (MATIC) piqued the interest of United States residents in the past 90 days, emerging as the second most searched proof-of-stake (PoS)-based cryptoasset within the region, dwarfed by only ether (ETH), data shows. Polygon (MATIC) making waves Since
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Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has
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Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a
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The Polygon ecosystem has grown exponentially in the past year with over 207 million unique addresses, and more than 2.3 billion processed transactions.Polygon (MATIC) network, an Ethereum scaling solution, has announced a hard fork scheduled for January 17 to reduce the severity of gas spikes and address chain reorganizations (reorgs)
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The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The repudiation came on Dec. 29, from the Twitter account of Michi Lumin, principal engineer for the Dogecoin Foundation.More info
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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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While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many
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Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as the network’s issuance rate has slowed significantly since September 15, following
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