The cryptocurrency community is abuzz about what could prove to be a landmark event in the burgeoning digital currency world: a major upgrade — dubbed 'the Merge'— of the ethereum blockchain.
All of those powerful server computers chugging away together require vast amounts of power. The ethereum blockchain uses aboutof electricity a year — roughly the same amount of energy used to power the Netherlands. That level of energy consumption releases about 53 metric tons of harmful carbon emissions into the environment annually, the same amount Singapore produces in a year.
Using proof-of-stake, the Merge is projected to reduce ethereum blockchain's energy consumption by 99.9%, developers said. Quite possibly. Since December 2020, ethereum developers have been running essentially two different versions of the blockchain at the same time. The Beacon version was used so they could test the proof-of-stake system, while the Mainnet version carried on with business as usual using proof of work.
It's important to note that these changes have not yet proven to make accounts safer because they haven't been tested on a wide enough scale. Ethereum developers have posted a That's because, to become a validator on ethereum, someone must invest at least 32 ether — roughly $52,000 — and agree to keep those tokens stashed away in a separate account. Under those rules, anyone who doesn't have that much cryptocurrency can't serve to validate ethereum transactions, Daugherty said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New Terra LUNA Records 3,300% Spike in Trading Volumes as Price Triples, What Is Happening?Terra LUNA demonstrating unusual 3,300% spike in trading volume as price rallies LUNCcommunity LUNCARMY LuncGrow LUNACLASSIC LunaClassicCommunity
Weiterlesen »
Saylor gets sued, FBI warns about DeFi exploits, and Crypto.com drops $495M sponsorship: Hodler’s Digest, Aug. 28 - Sept. 3US Fed chair favors hard line in crypto, and GameStop doubles down on crypto amid a new partnership with FTX US. Keep track of this week's news on our Hodler's Digest.
Weiterlesen »
Will Clemente Thinks Bitcoin Gives Bullish Signals and Is Underweighted NowMarket underestimates Bitcoin and ignores bull signs, says WClementeIII btc crypto cryptocurrencies $btc
Weiterlesen »
All Eyes on Ethereum Price, ETH Merge to Be Main Focal Point: Crypto AnalystCrypto sentiment is positive as Bitcoin spikes and ETHmerge is approaching, this сrypto analyst says NaeemAslam23. santimentfeed glassnodealerts
Weiterlesen »
Elon Musk Joins Dogecoin Designer in Addressing Twitter CEO About Crypto BotsICYMI: Elon Musk and DOGE designer call on Twitter CEO to shut down Musk-impersonating crypto bots cryptoscam Dogecoin
Weiterlesen »
Three Major Crypto Events to Make This Week Most Important for Market in 2022ICYMI: this week might bring crypto investors one of the biggest spikes in volatility cryptomarket
Weiterlesen »