Saturday, April 20, 2024
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SEC Chair Gary Gensler Is Wrong About Proof-of-Stake Tokens Like ETH

“The investing public is investing anticipating a return, anticipating something on these tokens, whether they're proof-of-stake (PoS) tokens, where they're also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns. Whatever they're promoting and putting into a protocol, and locking up their tokens in a

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Ethereum price sees new low versus Bitcoin since switching to Proof-of-Stake

Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870. Ethereum vs. Bitcoin: 14-month downtrend and counting Moreover, on Sept. 20, Ether reached its lowest levels

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How Bitcoin can help secure proof-of-stake blockchain protocols

The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor.David Tse and his research team are driving the use of the preeminent cryptocurrency to provide added security to PoS networks. Tse’s

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Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023

Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin. Stanford University professor David Tsè spoke to Cryptox at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on

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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results – Altcoins Bitcoin News

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether

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