PROOF-OF-STAKE
Proof of stake is a consensus mechanism where the amount of cryptocurrencies that can be mined is defined by the amount of cryptocurrencies that a particular user holds, or stakes.
IOHK Chief Scientist Discusses the Advantages of Cardano's Rewards Sharing Scheme
Chief Scientist of IOHK and Cardano project owner Aggelos Kiayias thinks that decentralization may be Cardano's most important goal.
Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom
Ethereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?
Ethereum to Launch Another Testnet for ETH 2.0 After Spadina Fails to Achieve Finality
Ethereum developers announced that they will be launching another testnet next week, dubbed Zinken, following the low participation rate on Spadina.
Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?
Ethereum developers have launched a short-term testnet, dubbed Spadina, in preparation for Ethereum 2.0 mainnet.
Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing
Vitalik Buterin has criticized the yield farming craze observed from the DeFi sector, comparing it to the US Federal Reserve’s mass printing strategy.
Ethereum’s Medalla Experiences Critical Bug, but Prysmatic Labs Says ETH 2.0 Launch Is Unaffected
One of the top client teams staking on Ethereum 2.0 testnet announced that the crash that recently occurred was a learning experience and was salvaged.
Ethereum's Vitalik Buterin Discusses ETH 2.0 Progress and Bitcoin-Ethereum Debate
On Peter McCormack's talk show, Ethereum co-founder Vitalik Buterin discussed the challenges faced by Ethereum 2.0 and the debate between Bitcoin and Ethereum.
Sparks Fly: Bitcoin and Ethereum Debate on ETH’s Total Supply Goes Viral
Over the past few days, a central debate has been ongoing on crypto Twitter, fueled by Bitcoin and Ethereum advocates. Both Bitcoiners and Ethereans disagree on which cryptocurrency is better for use.
Ethereum Launches ETH 2.0 Multiclient Testnet - Medalla
Ethereum software developers proudly launched the blockchain project they have been perfecting these past few months, the Ethereum 2.0 multiclient testnet, Medalla.
Ethereum Releases Validator Launchpad for ETH 2.0 Testnet
Ethereum software developers finally released the validator launchpad for ETH 2.0, which enabled users to participate in the testnet’s Proof-of-Stake.
Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.
Ethereum Calls On Hackers to Attack Ethereum 2.0 in Exchange for Bug Bounty
With Ethereum's plans to launch its 2.0 protocol network, the open-source platform has also decided to tweak its blockchain project to perfection by calling all hackers and challenging them to break into two Ethereum 2.0 attack networks.
Ethereum 2.0 Developer Says Phase 0 Most Likely Delayed Until 2021, Vitalik Buterin Disagrees
Justin Drake, an Ethereum Foundation Researcher working on Phase 0 of Ethereum 2.0 said the project will not go live until 2021. The announcement of the delay appeared to confuse Vitalik Buterin who disagreed that the upgrade to the network could not meet its 2020 deadline.
Ethereum Hits Major Bullish Milestones in Anticipation of the ETH 2.0 Staking Upgrade
Ethereum wallets containing 32 more or more ETH, the amount needed to stake a validator node under the upcoming ETH 2.0 upgrade has hit an all-time high. The number of Ethereum network balances with 32 ETH or more has been nearing 120,000, in anticipation of the proposed ETH 2.0 update. Validating nodes will be replacing miners in the current proof-of-work system to validate transactions to maintain the Ethereum blockchain. Over the year, the number of wallets holding at least 32 ETH has risen around 15 percent, according to Nansen AI. Although the ETH 2.0 upgrade has been delayed several times, the major upgrade is expected to be deployed in July.
Google’s Quantum Technology Could Satiate Proof-of-Stake Detractors
Google’s newly achieved ‘Quantum Supremacy’ computing technology has been marked for some surprising applications in the cryptocurrency space. According to one researcher on the project, the technology could enhance the proof-of-stake (PoS) algorithm.