Proof-of-Stake vs Proof-of-Work: What’s Better?
The blockchain ecosystem runs on trust, but not the kind that relies on people. Instead, it depends on algorithms known as consensus mechanisms, which ensure that everyone agrees on the validity of transactions without a central authority. Proof-of-Work (PoW) and Proof-of-Stake (PoS) are the most influential of these systems. They aim to achieve the same outcome, […]
JP Morgan Report: Ethereum’s Shanghai Upgrade Fails to Impress
A new report from JP Morgan reveals that Ethereum’s Shanghai upgrade, which switched the network from proof-of-work to proof-of-stake, did not boost its performance as expected. The report analyzes the reasons behind Ethereum’s disappointing network activity and its challenges in the crypto market. Ethereum, the world’s leading smart contract platform, underwent a major upgrade in […]
Ethereum Foundation confirms merge upgrade date
The Ethereum network’s creators have specified dates in the month of September for the transition to proof of stake blockchain. “The merging” is approaching—possibly even sooner than initially anticipated. The Ethereum Foundation announced on its blog on Wednesday that the upgrade will now be finished in its entirety between September 10 and 20. Next month, […]