PoS

Securities and Exchange Commission (SEC) Chairman Gary Gensler had some chilling comments for proof of stake cryptocurrency issuers on Thursday. The chairman suggested that a proof of stake (POS) consensus mechanism can bring a given cryptocurrency closer to security status. Thus, it would compel the project to operate under the commission’s laws and jurisdiction.  Bad News for Ethereum? The chairman reportedly shared his thoughts on POS cryptocurrencies with reporters after a congressional hearing. They would also coincide with the day…

After months of anticipation, September 15, 2022 finally saw the merger of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer. The Merge finally ushers in the days of Ethereum’s proof-of-stake (PoS) consensus mechanism. This renders defunct the proof-of-work (PoW) consensus for the Ethereum network. In his celebratory and congratulatory tweet, Ethereum’s co-founder, Vitalik Buterin, said the Merge “is a big moment for the Ethereum ecosystem.” And the NFT community did not hesitate to prove this fact. https://twitter.com/VitalikButerin/status/1570306185391378434?s=20&t=Lqq0NpxNi6-KQDE65m5zMA…

Early this morning, blockchain protocol Chainlink shared a release outlining its plans following Ethereum's merge upgrade. The platform revealed that it will cease to support the forked versions of the Ethereum chain. Chainlink Stands With the Ethereum Foundation Over the past few weeks, the Ethereum blockchain has been getting ready for its long-awaited shift to the proof-of-stake consensus mechanism. The network’s core devs have dubbed it the merge and set a tentative launch date in the middle of September. Ahead…

Crypto Infrastructure-as-a-Service companies provide the technology for other businesses to use. This can include providing blockchain technology, cloud storage, or other services.   These companies are essential for developing the crypto ecosystem as they provide the infrastructure businesses need to use blockchain technology. Bison Trails is one of the most famous companies operating in this sector. The project has recently joined the Coinbase Cloud ecosystem, and investors have enjoyed the team’s staking service for years. About Bison Trails Bison Trails is…

The Sepolia testnet is live in readiness for a trial merge that will supply Ethereum developers with vital technical insights. Sepolia's upcoming integration with Ethereum's Beacon chain will deploy Proof of Stake in achieving consensus instead of Proof of Work. The purpose of this testnet is to supply a picture of what could happen when Ethereum 2.0's Merge finally goes live. Why Ethereum is Moving from PoW to PoS The energy-intensive Proof of Work (PoW) model Ethereum blockchain uses has…

When the world first learned about cryptocurrencies, we discovered the Proof-of-Work (PoW) protocol. Over time, superior technologies have introduced greater efficiency in this area. An example of such growth comes from the increased use of the Proof-of-Stake (PoS) protocol. The evolution of this system leads to the birth of more eco-friendly cryptocurrencies with faster transactions. Those who have dared to explore ways other than PoW have launched a new trend in the sector. Today many blockchains are trying to put…

MyCointainer, a cryptocurrency staking platform, recently raised more than $6 million in a Seed A funding round. The Polish startup will use these funds to help develop and expand its yield earning platform to Asian, European, and Middle Eastern countries.  What Is MyCointainer? MyCointainer’s funding round includes top names within the crypto industry, including Maple Block, Shima Capital, and ByBit exchange. Each of these organizations has a history investing in some of the most successful names in crypto, including 1Inch,…

A top European regulator called on European authorities to ban all crypto mining to reduce CO2 emissions. Vice-chair of the European Securities and Markets Authority Erik Thedéen said that crypto mining is a huge issue for Europe. In his native Sweden, Bitcoin mining has become a "national problem," he said in an interview. Mining could pose a risk for the country's climate change goals written out in the Paris Agreement. The solution? Steer the crypto industry away from the proof…

On September 1st, Ethereum CEO Vitalik Buterin tweeted that he hopes Dogecoin moves to a PoS. His Tweet was in response to a question earlier asked by another big player in the financial world. Vitalik said that days after his selection into the Dogecoin Foundation board. Vitalik on Dogecoin and PoS To boost his social score, Vitalik Buterin told his Twitter friends to ask any questions. Unsurprisingly, the most popular questions were about cryptocurrencies. One of the most exciting questions…