Blockchain & crypto news from India
In the new world of Ethereum 2.0, there are no more stacks of GPU rigs and meshes of wires burning costly coal and oil. Proof of work still is the engine behind bitcoin, but Ethereum, which also promises to be the global computer of the world, is now cleaner, quieter and smarter. What makes POS…
Ethereum’s big transition to a more energy-efficient framework that developers have been committing for years could be kicked down the road once again as they intend to postpone a so-called difficulty bomb that is designed to slowly boot miners off the blockchain. A special code that is always been a part of Ethereum, the difficulty…
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, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent. In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…
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…