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Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days

In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch […]

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Why is randomness needed in Proof-of-Work?

In Proof-of-Work (PoW) mining, a miner that contributes 10% of the network hash rate will on average receive 10% of the mining rewards. “On average” means that 10% of blocks are mined by this miner, and 90% of blocks are mined by other miners. In practice, basically all miners join mining pools which removes this […]

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ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge

Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After the Ethereum network’s Total Terminal Difficulty (TTD) hits 58750000000000000000000, the chain will fully transition […]

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Asia Australia Bitcoin Blockchain Canada Comeback Crash Crypto Crypto-assets Dmitry Buterin ETH PoS Ethereum Ethereum (ETH) Ethereum PoW fork ETHW Europe Goerli testnet Goerli testnet The Merge Launch Markets Merge Mining Minting News PoS Ethereum PoW Proof of Work Proof-of-Stake Pseudotheos Rates Security Spain Terminal Total Difficulty Tether The Merge Trading United States Variant vitalik buterin

Ethereum’s Goerli Testnet Implements The Merge, ETH Price Jumps 74% Higher During the Past 30 Days

The Merge has successfully been implemented into Ethereum’s third and final testnet, Goerli, after previously adding Merge support to the testnets Sepolia and Ropsten. The Merge was added to Goerli at approximately 9:45 p.m. (EST) on Wednesday, transitioning to a full proof-of-stake (PoS) network. Goerli’s Merge Transition Is Complete, Vitalik’s Father Dmitry Buterin Says Ethereum […]