A profitable trading day is really hard to come by. Especially when an American billionaire investor (Yes, Charlie Munger) has just called for a ban on cryptocurrencies. Funnily enough, 14 hours (at p...
Tag: PoS
What’s The Difference Between PoS Mining To PoW Mining, And What Will Rule The Crypto World
Consensus mechanism stands for algorithms, protocols, or systems through which cryptocurrency works. It’s useful for preventing and identifying any sort of intentional cheating or double spending in t...
Ethereum’s Shanghai Upgrade To Raise ETH Staking Average And Balloon PoS Validator Count: Report
– Advertisement – Summary: JP Morgan analysts expect the ratio of staked Ether to move towards the 60% average on other Proof-of-Stake blockchains. The bank added that yield returns could ...
Revolut’s Crypto Staking for Four PoS Tokens including Polkadot
Revolut recently announced its crypto staking service for four PoS tokens. Revolut’s step shows its ongoing push to build inroads in the crypto industry. Revolut, a British financial technology compan...
NEO Crypto Miner Offers a Powerful and Low-emission Solution to Change Mining in PoS Era
The world of crypto mining is constantly evolving, with new and more efficient miners being released regularly. One of the latest additions to the market is the NEO miner, produced by MatchX, a compan...
Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition – Altcoins Bitcoin News
Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereu...
POS Giant Starts Lightning Trial
Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today. As Strike CEO Jack Mallers announced via Twitter, the Bitcoin Ligh...
Lido, Coinbase, Binance Lead 16M Ethereum Staked on ETH PoS Beacon Chain
Lido in Pole Position With 29% of Total Ethereum Staked by Service Providers. On-chain data shows that more than 16 million Ethereum (ETH) has been staked on the Ethereum Proof-of-Stake (PoS) beacon b...
21Shares’ New ETP Provides Exposure to PoS Cryptocurrencies But No ETH
21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins. Dubbed 21Shares Staking Basket Index ETP (STAKE), the product will essentially provid...
SSV.Network Launches $50 Million Ecosystem Fund to Support Ethereum PoS Decentralization
Tel-Aviv, Israel, 20th January, 2023, Chainwire ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based appl...
21 Shares Brings Proof of Stakes (PoS) Focused STAKE ETP Staking Product
Swiss crypto company 21Shares recently launched a whole new staking dedicated exchange-traded product (ETP). The crypto staking index, Staking Based Index ETP, will be tracking up to ten proof-of-stak...
Polygon PoS network’s hardfork upgrade is now live
On January 17, 2023, at 10:45 UTC, Polygon (MATIC), a layer-2 scaling protocol on Ethereum, finally launched its hardfork update and is currently operational on its network. This new version, V0.3.1, ...
Polygon PoS Chain upgrade to increase performance
The debut of Polygon PoS came with the solution for Ethereum’s scaling problem. Developers and users benefited from almost everything they love about Ethereum with low gas fees. Now, the Polygon has e...
Polygon Prepares for PoS Chain Hard Fork to Boost Performance, MATIC Price Up 3%
The Polygon ecosystem has grown exponentially in the past year with over 207 million unique addresses, and more than 2.3 billion processed transactions. Polygon (MATIC) network, an Ethereum scaling so...
DOGE Core Developer Refutes Rumors About Transition of Dogecoin to POS
Dogecoin core developer Michi Lumin has taken to Twitter to dispel rumors about the possible move of Dogecoin to proof of stake. The sentiment was probably fueled by Ethereum creator Vitalik Buterin&#...
Dogecoin developer puts PoS switch rumors to an abrupt end- Here’s how
Dogecoin denied processing a shift to Proof-of-Stake after allegations that a transition would wreck miners. In the last 365 days, holders have had little to cheer about. Contrary to rumors flying aro...
Dogecoin devs deny rumor of immediate PoS switch following community concern
The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The rep...
Dogecoin’s core developer denies rumors that it may switch to POS
Michi Lumin, the leading developer for dogecoin, used Twitter to debunk speculations that dogecoin would switch to proof of stake. The assertion was undoubtedly stoked by statements made by Vitalik Bu...
Pundit Claims Cardano Is The Most Decentralized PoS Chain, But At A Cost
– Advertisement – Cardano consumes the most energy per transaction for any PoS network. But that could be due to its decentralized nature. Prominent crypto influencer Ben “BitBoy” Armstron...
Charles Hoskinson Trolls Ethereum PoS Model, Mentions Comics by Scott Adams
Yuri Molchan Cardano founder has again poked fun at recently implemented PoS model of Ethereum chain Contents Problem with Ethereum PoS Hoskinson keeps mentioning “Philosophical difference betwe...
Why is Ethereum Price Down after the POS Transition?
Ethereum is the second-biggest cryptocurrency by market cap right after Bitcoin. It recently had a significant shift in its consensus mechanism. Many crypto enthusiasts expected Ether prices to rise f...
Ethereum Remains Dominant Amidst Major Impacts to DeFi Ecosystem
December 9, 2022, 8:23PM EST • 9 min read Quick Take Ethereum continues to be the largest DeFi ecosystem by far, and has consequently endured significant impacts from the collapse of FTX and Alameda T...
The inspiration behind ETH’s PoS transition!
Cardano was the first blockchain in the top 10 cryptocurrencies to utilize the power of proof of stake. While the principles and novel idea of implying proof of stake have differed in the past, the ou...
By The Numbers: How Much Energy Did The Ethereum PoS Merge Save?
Ethereum completed the switch to a Proof-of-Stake consensus system earlier this year, here’s how much energy is being saved thanks to the Merge. Ethereum PoS Merge Reduced Energy Consumption By 99.84%...
Ethereum [ETH]: PoS network’s performance since FTX collapse reveals…
ETH staking and validator count growth remained unaffected as the market grappled with the FTX’s collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days si...
Improving Capital Efficiency of Staking
November 14, 2022, 12:57PM EST • 7 min read Quick Take Liquid staking and superfluid staking are some of the typical methods to improve the capital efficiency of staking. Cross-staking enables the sam...
PoS vs. PoW: New Meme Project, Big Eyes Coin, to Edge Out Bitcoin and Litecoin With Leverage on the Ethereum Network
Bitcoin’s (BTC) launch in 2009 marked the start of cryptocurrency as we know it, and the technological advances since then have been fantastic. Token projects have come a long way from the obsolete Pr...
Dogechain To Support Proof of Stake (PoS) In Its Next Upgrade
Crypto Live News Amidst FTX collapse, the Dogechain team has announced that they are planning to upgrade the network which will support Proof of Stake consensus mechanism. This comes just three months...
Ethereum’s switch to PoS may be a factor for enduring ETH price appreciation
Ethereum (ETH) broke above the crucial $1,500 price threshold on October 26 for the first time since the successful completion of the Merge upgrade on September 15. Notably, Ethereum suffered an immed...
Decoding Lido Finance’s next move now that ETH PoS is fully operational
Lido Finance really took the crypto staking market by storm, especially with its liquid staking feature. The Ethereum merge hype that contributed to Lido and LDO’s popularity has already died down. Bu...