At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
CryptoNight
What is CryptoNight Algorithm and How Does it Work?
CryptoNight is a proof-of-work algorithm used to secure the network of several cryptocurrencies, such as Monero, Aeon, and others. It is designed to resist ASIC mining, a specialized hardware optimized for mining a specific cryptocurrency. CryptoNight is intended to be mined efficiently on consumer-grade CPUs and GPUs, which allows for more decentralized mining. The algorithm uses a combination of hashing functions, including the CryptoNight hash function based on the CryptoNote protocol and the Keccak hash function. It also uses a memory-hard…
Block Education 
@BlockEducation
@BlockEducation
3 weeks ago 
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