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litedogeofficial · 1 year

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Check out the main website for #LiteDoge - #LDOGE at https://litedogeofficial.org all coin info and other related info can be found on the website, discord, or #bitcointalk ann. #coininformation #coininfonews #altcoinseason #altcoins #LDOGE #memecoins #proofofstake2 #proofofstake #memecoinstothemoon #tothemoon #btc #doge #ltc #eth https://www.instagram.com/p/CmVkUuDO8sL/?igshid=NGJjMDIxMWI=

#litedoge #ldoge #bitcointalk #coininformation #coininfonews #altcoinseason #altcoins #memecoins #proofofstake2 #proofofstake #memecoinstothemoon #tothemoon #btc #doge #ltc #eth

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reveationlabs · 1 year

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Proof of Work vs. Proof of Stake: Which Consensus Mechanism is Better for Cryptocurrencies?

Proof of work and proof of stake are both algorithms used to maintain the blockchain secure so that new cryptocurrency transactions can be added. However, there are some distinctions between the two.

The primary distinction between proof of work and proof of stake as a Consensus mechanism is how the blockchain algorithm qualifies and selects users to submit transactions to the blockchain.

Read the Full Blog: Proof of Work vs. Proof of Stake: Which Consensus Mechanism is Better for Cryptocurrencies?

#reveationlabs #proof of work #proofofstake

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adultartsandcrafts · 2 years

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first post merge mint is free!! #proofofstake https://www.instagram.com/p/CijUGfsL9FO/?igshid=NGJjMDIxMWI=

#proofofstake

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pccconsulting · 2 years

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Ethereum Merge: la fusione ha avuto successo

L'effetto immediato dell'Ethereum Merge sul prezzo dell'ether è stato negativo, in linea con i movimenti di Bitcoin. Ma gli effetti della svolta si vedranno nel tempo È un cambiamento sostanziale, che permetterà alla rete ethereum di essere totalmente green riducendo i consumi di eletricità del 99,9% ed aprirà la strada ad un notevole incremento delle performance in termini di transazioni per secondo che la rete ethereum può supportare

Ethereum Merge, la svolta

Il giorno di Ethereum Merge - la fusione di Ethereum - e del suo definitivo passaggio al sistema di validazione proof of stake è definitivamente avvenuto. Con successo. Considerata l'attesa attorno all'evento da parte della comunità crypto sarebbe stato lecito osservare qualche scossone sul prezzo dell'ether, che però si è mosso sostanzialmente nel solco del Bitcoin, ovvero in lieve calo. Le difficoltà tecniche che prevedevano “l'innesto” della vecchia blockchain Ethereum, resa sicura dal mining e dal sistema proof of work nato con il Bicoin, sulla sua nuova, versione ecosostenibile sono state superate. Ci sono voluti anni, da quando questo avvenimento era stato per la prima volta discusso dal fondatore, Vitalik Buterin, nel 2014. È stato proprio lui a confermare via Twitter che la missione "Ethereum Merge" è stata portata a compimento: "Questo è un grande momento per l'ecosistema Ethereum". A differenza della blockchain su cui si basa Bitcoin, Ethereum è la base per una pluralità di applicazioni (circa 3.500 app decentralizzate) che offrono diversi servizi, compresi quelli di tipo finanziario - come le rendite passive e le attività di credito. Secondo i fautori della Fusione, la nuova veste di Ethereum non sarà solo più ecosostenibile (con un taglio pressoché totale delle sue emissioni), ma anche più efficiente e scalabile. Insomma, sarebbe in grado eseguire più operazioni e meglio di prima. Nuove tecnologie all'orizzonte: zksnarks, sharding e molto altro È una fondamentale innovazione, che permetterà alla rete ethereum di essere totalmente green riducendo i consumi elettrici del 99,9%, ma soprattutto aprirà la strada ad un notevole incremento delle performance in termini di transazioni per secondo. Con il tempo, la Fusione (l'Ethereum Merge) consentirà di portare sulla rete Ethereum nuove tecnologie come ad esempio gli zksnarks e lo sharding che aumenteranno di 100.000 volte il numero di transazioni al secondo che la rete ethereum può effettuare. Inoltre, con il passaggio al proof of stake l'inflazione di ethereum, ossia l'incremento annuo delle monete in circolazione, diminuirà del 90% insieme al burn delle fees, porteranno l'inflazione ad essere vicina allo zero o addirittura ad essere negativa, cosa che dovrebbe avere un impatto positivo sul prezzo degli ether nel prossimo futuro.

Ethereum 2.0: cosa cambia per gli investitori

La Ethereum Merge potrebbe essere un'innovazione interessante per i grandi possessori di ether. Il sistema proof of stake, infatti, affida ai possessori della criptovaluta nativa di Ethereum, di volta in volta estratti casualmente, il compito di validare un blocco del registro blockchain. Quando questo avviene, si ottiene in cambio ether di nuova emissione. Più ether si posseggono, più le probabilità di essere estratti e di poter ottenere il premio aumentano - un po' come avviene quando si dispone di maggiore potenza di calcolo in un sistema basato sul mining (proof of work). Da ora in avanti, come spiegato dall'agenzia Bloomberg, l'ether sarà più simile a un titolo fruttifero - genererà un rendimento stimato del 5,2% (pagato in criptovaluta). Pertanto, questo dovrebbe rendere la moneta di Ethereum più interessante per gli investitori. A questo aspetto favorevole si aggiungerà il ritorno di immagine che da adesso in avanti distinguerà Ethereum dalla criptovaluta ancora al primo posto in termini di capitalizzazione: Bitcoin. Mentre l'abbandono del mining da parte di Ethereum è stato paragonato in termini energetici allo spegnimento dei consumi della Finlandia, Bitcoin continuerà ad inquinare. Secondo l'osservatorio dedicato a questo tema dell'università di Cambridge, la criptovaluta per eccellenza, al 15 settembre, ha un consumo energetico annualizzato di oltre 94Twh - superiore a quello dell'intero Kazakistan. "Credo che il Merge possa davvero convincere le persone che erano interessate a Ethereum, ma scettiche sull'impatto ambientale, a venire a sperimentarlo", ha dichiarato a CoinDesk uno degli sviluppatori della fondazione Ethereum, Tim Beiko.

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#Ether #EthereumMerge #fusionediEthereum #proofofstake #proof-of-work #sharding #zksnarks

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freshnewsnow · 2 years

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ETHEREUM MAKES MERGE TO BEACON CHAIN

For quite some time, Ethereum has been working on converting from proof-of-work to proof-of-stake. This merge means that expending boatloads of energy to generate ether tokens will no longer be necessary.

Ethereum and Bitcoin have been neck and neck as crypto competitors since their inception. Today, Ethereum has stuck its neck out further to become a greater asset in the cryptocurrency arena. The reason for this is due to the merge that Ethereum just successfully completed that reduces the need for crypto mining. For quite some time, Ethereum has been working on converting from proof-of-work to…

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stoccoin · 2 years

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The Ethereum (ETH) Merge is a massive upgrade that will help the blockchain run efficiently while adding new features. The Ethereum network is about to get a lot more interesting. The impending Ethereum (ETH) Merge is a massive upgrade that will help the blockchain run efficiently while adding new features. And unlike last time, there’s no worrying about backward compatibility or frozen upgrades. Ethereum has been the leading blockchain platform for decentralized applications since its launch in 2014. While there are other platforms with different use cases and features, none have achieved nearly as much adoption as Ethereum so far. That may change in the coming months, however, because many of them are launching updates in response to similar challenges that Ethereum is facing right now. Ethereum is introducing a new programming language that will help developers build more robust decentralised applications. The new language will make it easier to write secure code and could make it simpler for programming newbies to build on the platform. ETH is introducing new features that will help developers better understand what’s happening between their code and the EVM. They’re also adding new functionality to make it easier to build decentralised applications. . . Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. This also applies to stock(s) or crypto(s), which you see in our stories. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #ethereum #vitalikbuterin #merge #proofofstake #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/CihMI3RMJYO/?igshid=NGJjMDIxMWI=

#stoccoin #ethereum #vitalikbuterin #merge #proofofstake #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance

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vivitawin · 2 years

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The Merge เสร็จเรียบร้อย ขุดไม่ได้ละ เข้าสู่ยุค #Ethereum #ProofOfStake อย่างเปนทางการ (at รุ่งปิติแลนด์) https://www.instagram.com/p/CihJvkcvCucKuIqtyUoblmN8L8Er_T-xSW9ec80/?igshid=NGJjMDIxMWI=

#ethereum #proofofstake

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bitxmiexchange · 2 years

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f you're new to the world of cryptocurrency, you probably have heard of both proof-of-stake and proof-of-work. These two concepts are essential to cryptocurrency transactions and security. They are also known as consensus mechanisms. Here is a quick differentiation between proof-of-work vs. proof-of-stake that helps understand them better.

#proofofstake #proofofwork #crypto #Cryptocurrency #bitxmi #bxmi #bitxmiexchange

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longshared · 2 years

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Cryptocurrency will jettison speedier proofofstake

Cryptocurrency will jettison speedier proofofstake full#

And if all goes as planned, Ethereum, which runs all sorts of applications in addition to the world’s second-largest cryptocurrency, will transition to it in the first half of 2022. Proof of stake offers a way to set up such a network without requiring so much energy. In 2021, the Bitcoin network consumed upwards of 100 terawatt-hours, more than the typical annual energy budget of Finland. Reprint of the materials is available only with the permission of the editorial staff.Cryptocurrencies such as Bitcoin use huge amounts of electricity. The entire responsibility for the contents rests with the authors. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Prior to making transactions one should get acquainted with the risks to which they relate.

Cryptocurrency will jettison speedier proofofstake full#

Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. The usage of this website constitutes acceptance of the following legal information. Artificial Intelligence is an integral part of our machine learning algorithm which allows to increase the accuracy of the forecasts up to 95% for the Top 100 Cryptocurrencies. Based on the use of carefully developed prediction algorithm, we have compiled in this section the most frequently requested types of cryptocurrency price forecasts: 4 types of short term forecast (day, week, month, 6 months) and 5 (1-5 years) types of long term forecasts. How to make correct Cryptocurrencies’ Price Predictions in 2022, when the market is full of rumors and expectations? In such circumstances any forecasting algorithm that is based on extensive mathematical analysis of vast historical data may be a much appreciated help. This year there is even more uncertainty among crypto investors as last year was tough, marked by the collapse of the market, loss of funds and investor interest and reorganization of many projects. Our Crypto Volatility Index has proven that. The Cryptocurrency market itself has proven to be highly volatile, ruled by news from regulators and influencers and driven by crowd psychology. Making Cryptocurrency Price Prediction looks like a difficult and challenging task in 2022. Cryptocurrency Price Predictions algorithm Price Predictions, Forecasts, Texts provided by is for information purposes only. Any reference you place on this information remains strictly at your own risk. * accepts no liability and makes no warranties whatsoever regarding reliability, accuracy or completeness of any text or graphical information available on the website including Cryptocurrencies' Price Predictions.

#Cryptocurrency will jettison speedier proofofstake

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longstand · 2 years

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Ethereum cryptocurrency will jettison proofofstake

Ethereum cryptocurrency will jettison proofofstake upgrade#

Ethereum cryptocurrency will jettison proofofstake full#

Ethereum cryptocurrency will jettison proofofstake software#

Ethereum cryptocurrency will jettison proofofstake plus#

Ethereum cryptocurrency will jettison proofofstake series#

"It's what's called the sybil resistance mechanism," said Jon Charbonneau, an analyst at Delphi Digital. The point is that it allows the blockchain to be decentralized and secure at the same time. This system is called "proof of work," and it's how both bitcoin and ethereum blockchains run.

Ethereum cryptocurrency will jettison proofofstake full#

It takes a powerful computer to have a chance in this race, and people typically set up warehouses full of rigs for this purpose.

Ethereum cryptocurrency will jettison proofofstake plus#

Doing so gives you a reward: Bitcoin miners get 6.25 bitcoin ($129,000) for every block they verify, while ethereum miners get 2 ether ($2,400) plus gas, which are the fees users pay on each transaction (which can be huge). If your computer unscrambles the cryptography first, you win the right to "validate" a block - that is, add new data to the blockchain. Your rig competes with hundreds of thousands of miners around the world trying to solve the same puzzle.

Ethereum cryptocurrency will jettison proofofstake software#

You'd set up a powerful computer - a mining rig - to run software that attempts to solve complex cryptographic puzzles. To understand the Merge, you first need to understand the role of cryptocurrency miners. Here's everything you need to know to make sense of the big day. "We've been working on proof of stake for about seven years now," ethereum co-creator Vitalik Buterin said at the Eth Shanghai conference in March, "but finally all of that work is coming together."

Ethereum cryptocurrency will jettison proofofstake series#

The Merge is part of what in the past was called "ether 2.0," a series of upgrades that reshape the blockchain's foundations. Because of its technical complexity, and the increasingly large amount of money at risk, it has been delayed multiple times. In the Merge, ethereum will adopt a system known as proof of stake, which has been planned since before the blockchain's creation in 2014. In an era when more people than ever view climate change mitigation as society's highest priority, the carbon emissions of bitcoin and ethereum are too conspicuous to ignore. The first point is polarizing and subjective, but the second is unequivocally true. Cryptocurrency critics argue that coins like bitcoin and ether are useless and consume enormous amounts of electricity. If it's successful, the blockchain's massive electricity requirements will fall by over 99%.

Ethereum cryptocurrency will jettison proofofstake upgrade#

The long-delayed upgrade to the ethereum blockchain is currently planned to occur on Sept. Regardless of which camp you're in, the upcoming Ethereum Merge is a significant day. Moreover, ETH settled transactions worth $1.5 trillion in the first quarter of 2021 compared to $1.3 trillion in 2020.You may think crypto is the future, or you may regard it as a scam. The volume of these large transactions reached $20.95b yesterday, and more impressively, it was 91% of the total on-chain volume.” The volume transacted in on-chain transactions greater than $100k reached its highest value ever. “Yesterday's ETH rally was driven by large investors. IntoTheBlock has acknowledged that large investors are behind ETH’s rally, making on-chain transactions go through the roof. The proof-of-stake algorithm allows for the confirmation of blocks to be more energy-efficient and requires validators to stake Ether instead of solving a cryptographic puzzle. Additionally, Ethereum’s transition to a proof-of-stake model will allow the blockchain to see enhanced upgrades, including sharding, which would improve scalability.ĭavis, therefore, believes that the proof-of-stake consensus mechanism will be running by the end of the year.Įthereum on-chain transactions go through the roof For instance, he recently pointed out that ETH attained its highest daily close after breaching the $2.500 price.Įthereum is also a stone’s throw away from surpassing Paypal’s market capitalization of $318.33 billion, as its current market cap sits at $314.47 billion.Īccording to crypto insight provider Bloqport, the total value in ETH 2.0 deposit contract surged past $10 billion with 3,994,722 ETH deposited.Įthereum 2.0 went live in December 2020, and it seeks to change the current proof-of-work consensus mechanism to a proof-of-stake framework, which is touted to be more environmentally friendly and cost-effective. A Fundamental economic shift is coming for ETH.”ĭavis added that a paradigm financial shift is on the horizon for Ethereum. “By the end of the year, Ethereum will be deflationary and running on proof of stake. Lark Davis believes that Ethereum will have cemented its status as a deflationary currency because its value will continue increasing with time. Ethereum (ETH) is eyeing $3,000 as the second-largest cryptocurrency by market capitalization is trading at $2,714 at the time of writing, according to CoinMarketCap.

#Ethereum cryptocurrency will jettison proofofstake

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blockgeni · 2 years

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SEC preparing to Shut Down Ethereum?

SEC preparing to Shut Down Ethereum? The SEC Speaks conference, representatives vowed to keep up enforcement actions and asked market players to register their goods and services... #SEC #ethereum #proofofstake #crypto #staking #blockgeni

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mortallychaoticrebel · 2 years

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Buterin on Proof of Stake: Zcash and Dogecoin shou... https://cryptoplayboys.blogspot.com/2022/09/buterin-on-proof-of-stake-zcash-and.html?spref=tw #proofofstake #cryptocurrency

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vivitawin · 2 years

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8นาทีสุดท้ายก่อน #ETHTheMerge จิบกาแฟ @moderntimesbeer ต้อนรับ ETH เข้าสู่ยุคสมัยใหม่ #ProofOfStake (at รุ่งปิติแลนด์) https://www.instagram.com/p/CihIF1avIRz-fTopIURB3Um5v9QZVmopHgg6Ks0/?igshid=NGJjMDIxMWI=

#eththemerge #proofofstake

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retrocanvas · 2 years

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Everything You Need to Know About The Solana (SOL) Blockchain Network Is and How it Works

#Solana is a promising alternative to traditional #cryptocurrencies like #Bitcoin and #Ether. It employs a novel combination of #ProofofHistory and #ProofofStake consensus to reduce the time required for #transaction processing and #validation.

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cryptrending · 2 years

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Santiment data shows 2 addresses controlling over 45% of Ethereum transactions post-merge

Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. 📊 According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just…

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win-free-iphone8 · 2 years

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Ethereum completes ambitious merge upgrade, shifts to proof-of-stake

Ethereum completes ambitious merge upgrade, shifts to proof-of-stake #Ethereum #completes #ambitious #merge #upgrade #shifts #proofofstake Welcome to Americanah Blog, here is the new story we have for you today: You Can Click Here To View Restricted Videos/Images in this Article In a moment that will go down as a historical milestone for the crypto world, the Ethereum merge transition took place…

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