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The historic Merge upgrade from Sept. 2022 — which marked Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) — resulted in the overall decline in compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Ethereum blocks adhering to OFAC compliance censor certain transactions, which has a negative
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Major cryptocurrency investment firm Grayscale has finally taken a decision to abandon all the rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW).Announcing the news on Sept. 18, Grayscale said that the firm has “irrevocably abandoned” all the rights to ETHPoW tokens on behalf of the record date shareholders of
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Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus.The highly anticipated Merge has been a boon for decentralized finance (DeFi) in general, and staking solutions have been in high
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The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining.Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking
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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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For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come, though it appears it was an inside job. Lido-staked Ethereum (stETH) and other liquid staking
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On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS). However, it has yet to be seen the benefits that hard forks will bring to PoW supporters.So far, the most important
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“(There’s) the possibility of recognizing ETH as a security token. On the one hand, after the transition to PoS, the coin will have signs of security, such as, for example, the expectation of making a profit. And many financiers say that such an outcome is possible, " Serhii Zhdanov, CEO
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We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for
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According to Emperor Osmo, a writer from Cosmos-based automated market maker Osmosis, interchain security could lead to reduced supply of ATOM, as stakers will receive multiple staking rewards from every chain using the share security feature. That, in turn, could boost staking, sucking out coins from the market. Source
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