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In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean much to ethereum users and traders, what’s changing under the hood is a very big deal. You’ve Heard About The
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The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be
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Ethereum is moving from proof-of-work to proof-of-stake soon. In this guide, we first defend PoW (in the context of Bitcoin); second, defend PoS (in the context of Ethereum); and third, outline (some of) the trade-offs. Source
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Brian Norton, chief operations officer of MyEtherWallet, joined CryptoX TV’s “First Mover,” to discuss the blockchain’s upcoming software update. Source
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Tron founder Justin Sun joined CryptoX TV’s “First Mover,” to discuss his support for an Ethereum fork. Source
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Ethereum, like Bitcoin, uses Proof-of-Work (PoW) on its system. Ethereum, which made known its intention to shift from a PoW to PoS (Proof-of-Stake) network for more than a year, is now going about finalizing this process. Shifting to PoS will likely help solidify Ethereum's stance as a leader in the crypto space.
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Swedish financial regulators and the European Commission have discussed the possibility of banning the proof-of-work method that underpins bitcoin because of its impact on the environment, according to documents published by netzpolitik.org, a German website. Source
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“There’s never a dull moment in this nascent industry. Although the proof-of-work amendment, which would have meant a de facto EU ban on Bitcoin and Ethereum, was voted down, the sigh of relief we are breathing is likely short-lived,” said Ian Taylor, executive director at CryptoUK, an independent industry association,
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Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in developing, labor-abundant countries, like China, they might coalesce in developed, capital-abundant countries, like the United States. Specialized mining
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“5. By 1 January 2025, the Commission shall present to the European Parliament and to the Council, as appropriate, a legislative proposal to amend Regulation (EU) 2020/852, in accordance with Article 10 of that Regulation, with a view to including in the EU sustainable finance taxonomy any cryptoasset mining activities
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