While many have traditionally viewed Bitcoin mainnet as a medium of exchange, the future may see its primary function shift towards providing security...
One of the most important components of a decentralized system is the consensus mechanism that the blockchain network uses to validate transactions
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Certainly, one of the most significant advancements in crypto history occurred on September 15, 2022, when the blockchain Ethereum completed a software upgrade known as “the Merge.” Ethereum’s historical transition from proof-of-work to proof-of-stake signalled the end of its decentralised ledger's energy-intensive, miner-based approach previously used in processing changes.
Due to the Ethereum Merge, the meme-inspired cryptocurrency, Dogecoin, is now officially the second largest Proof-of-work(PoW) crypto network within the cryptocurrency market cap
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The Ethereum merger offers plenty for crypto investors to look forward to but will not generate instant benefits. Ethereum 2.0 will have to go through many phases to reach its full potential. Buterin said at the Ethereum Community Conference on July 22 that after the merge,' Ethereum would be just approximately 55% complete. The full Ethereum merge will occur sometime in 2023.
Polygon is a layer two blockchain application created to overcome Ethereum's scalability issues
Like other recent Ethereum alternatives, Polygon implements a Proof-of-Stake(PoS) replacing...
The Beacon Chain launched in December 2020 and introduced the PoS mechanism, the concept of validators and various penalties and incentives.
Ethereum has...
The cryptocurrency transaction validation procedure structure and design make it consumes a lot of energy with considerable environmental impacts.
Mining is one way of...
