Tuesday, May 28, 2024

Tag: Ethereum

After the Ethereum merge happens, Bitcoin will be the first target for regulations, as the perception of Bitcoin as a power hog is one of its major flaws.
Greenpeace has intensified the campaign against Bitcoin following Ethereum's merge. The movement features a petition asking Fidelity, BlackRock, and other companies to convert Bitcoin away from PoW.
An estimation on the blog of the Ethereum Foundation claims that the merger will reduce total energy consumption by at least 99.95%, but not everyone is convinced of the advantages. We are witnessing Ethereum and its merge transition to the beacon chain.
No one anticipates a swift market movement that would fundamentally alter the market's current structure, as seen by trading volume and midterm investors' actions. However, is it a coincidence that Mt.Gox Bitcoins will be released on Ethereum merge date?
Proof-of-stake is becoming the norm for Ethereum! The Bellatrix upgrade is required to initially turn on the transition, referred to as The Merge, on the Beacon Chain. After that, when a certain Total Difficulty value is reached, the proof-of-work chain will switch to proof-of-stake. Here's the full Ethereum proof-of-stake The Merge plan.
Harmony hackers have begun laundering the Ethereum stolen from Horizon Bridge as of late. Of the $100 million in stolen Ethereum, the criminals have transmitted $36 million to a mixing service.