Blockchain & crypto news from India
The Bellatrix Upgrade is reported to be scheduled for today, September 6, 2022. According to a Cointelegraph report, 74% of Ethereum nodes – servers that validate and find new blocks – are ready for the merge. “The era of a more sustainable, eco-friendly Ethereum” is how the Ethereum organization describes the upcoming great event when…
If all goes well, it is expected that Ethereum 2.0 will be implemented in 3 stages over at least 3 years. The levels include several technical intricacies, however, the following are the basics: Stage 1 – Start an easier proof-of-stake blockchain operating in parallel with the current system utilizing the Beacon chain. This is to…
Ethereum is planning to take progressive steps towards being fully inflationary after it noticed seven consecutive days of negative disbursement. The recent downside trend of Ethereum is because of the new London upgrade policy. As per the market, the online transition of Ethereum 2.0 will fully lead to deflationary steps and mindset to the exchange…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…
Citing long-brewing environmental concerns Elon Musk announced that Tesla Inc. will not be accepting bitcoin for the car purchase. Btc’s power-hunger has provoked a passionate debate about the energy consumption of cryptocurrencies. While efforts are being made to reduce the carbon footprint of digital currency, some investors are getting inclined towards greener alternatives. In fact,…
The tremendous rise in Ether price has led to transaction gas prices becoming unaffordable for small Eth transfers. This beats one of the very purposes of why cryptocurrencies were created – to eliminate middlemen and the high costs of money transfers. This article takes a deep dive into the Ether network and reveals what lies…
Call it Eth2, Serenity or Ethereum 2.0, this is the long-anticipated upgrade to the Ethereum blockchain. Intended to boost the efficiency, speed and scalability of the Ethereum network, Eth2 will further enable its previous version to tackle hurdles in addition to increasing the count of transactions. Ethereum 2.0 is designed to be launched in three…
The latest cryptocurrency news and analysis from the week gone by. The world global reserve asset to hedge against inflation, Bitcoin reaches a new, all-time high (ATH), going above $60,000! Bitcoin’s exact new all-time high is $61,712.00. Cryptocurrency markets are gaining more adoption, exposure, and improvements. Happenings in the market show that the Non-fungible Tokens…