In the crypto community, there is a widespread debate about which consensus mechanism is better: PoW or PoS. This raises important issues such as network security, sustainability, and decentralization...
Tag: PoS
OpenSea Announces Its Support for the PoS Chain of Ethereum
OpenSea recently expressed its support for the Ethereum merge. The firm also declares that any Ethereum forks will not be supported on its network. According to the recent tweet thread from the promin...
OpenSea to exclusively support Ethereum PoS NFTs following Merge
OpenSea, the world’s largest non-fungible tokens (NFTs) marketplace, announced it will commit to exclusively support NFTs based on the proof-of-stake version of the Ethereum blockchain once the Merge ...
Ethereum Mining and PoS Activities Are ‘Prohibited’ Says Data Provider
As Ethereum (ETH) approaches the Merge, the debate over its shift to a proof-of-stake (PoS) network appears to be growing. Many people have expressed their worries regarding the current centralization...
OpenSea Prepares for the Transition to Ethereum PoS
The Ethereum Merge is now just fifteen days ahead of us as per the scheduled date of September. This will transition the Ethereum network to a Proof-of-Stake blockchain making it more scalable and eff...
Binance Announces Support for Ethereum Hard Fork Ahead of the POS Upgrade – crypto.news
Binance announced plans to credit users’ accounts with tokens from any forked versions of Ethereum developed during the network’s merge. The exchange also stated that it would suspend deposits and wit...
Bitfinex Launches Ethereum ‘Chain Split Tokens’ Ahead of the PoS Upgrade – crypto.news
Major cryptocurrency derivatives exchange Bitfinex has announced the launch of two new chain split tokens, ETHW and ETHS, in an effort to prepare users for all conceivable outcomes of the Merge, ETH’s...
Ethereum Foundation Confirms Mainnet Schedule For PoS Merge
The Ethereum Foundation has on Wednesday confirmed the schedule for the upcoming transition to proof of stake consensus. The Foundation said the Bellatrix upgrade is scheduled for on September 6, as a...
POS Ethereum Will Be Censorship and OFAC Resistant Argues Eric Wall
In the wake of sanctions from the Office of Foreign Assets Control (OFAC) against Tornado Cash, crypto analyst Eric Wall has trashed the possibility of an OFAC-compliant Ethereum chain, calling the no...
Crypto.com Announces Suspension of Ethereum Transactions During POS Merge
The Cypto.com exchange stated that its services fully support the Ethereum merger, and announced that it will stop the deposit and withdrawal of ETH and all ERC20 tokens on the Ethereum mainnet during...
Aave Urges Members to “commit” to Ethereum’s PoS
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Aave Pushes for Proposal to Support Ethereum PoS Exclusively
The Merge continues to be one of the most high-profile upgrades in recent times. But the retaliation is strong and has gained many allies. Those opposing keep reiterating their push for Ethereum to un...
Aave calls on members to commit to Ethereum PoS chain
Aave (AAVE) tokenholders have been asked to take part in an Aave Request for Comment (ARC) that would require them to ”commit” to Ethereum’s proof-of-stake (PoS) consensus. The ARC, proposed on Tuesda...
Aave DAO urges members to commit support for Ethereum’s PoS merge via governance proposal
DeFi protocol Aave has requested its token holders to participate in an Aave Request for Comment (ARC), requiring them to commit to Ethereum’s (ETH) POS merge. Aave Companies have proposed this ARC th...
Kraken report explores what’s superior — PoW or PoS
A study by Kraken took a deep dive into the Proof of Work (PoW) and Proof of Stake (PoS) mechanisms to discover neither was ‘better’ than the other, but each had unique characteristics that can bolste...
Ether Set To Break $2,000 Hurdle As Ethereum’s Goerli Finally Switches to PoS ⋆ ZyCrypto
Advertisement     The official countdown to “The Merge” kicked off early Thursday after developers successfully tested Goerli, the last big dress rehearsal for the Eth...
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge – Coinotizia
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (...
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge – Bitcoin News
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (...
Ethereum PoS Upgrade Is a Celebration of Technology, Not a Price Call, Says ETH Community Manager
– Advertisement – Ethereum merge is not a price pump call but a “goal to celebrate milestones together.” Superhiz.eth, the beacon manager of the Ethereum community, has warned users that...
Ethereum One Step Closer for PoS Transfer
3 hours ago | 2 mins read Ethereum News Goerli testnet has successfully shifted from PoW to PoS. The final merge is expected to come live within a 5 weeks time period. The final and third Ethereum tes...
Ethereum Final Step Towards Mainnet PoS As Go…
Ethereum has successfully pulled off one of the most critical tests in crypto history, as it completed the final scheduled test before the merge, moving it closer to the adoption of the Proof-of-Stake...
Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition
Issuers of the two largest stablecoins – Tether’s USDT and Circle’s USDC— have extended their support to Ethereum as it approaches The Merge in September this year. Tether feels that it’s crucial that...
Ethereum Steps Closer to PoS as Goerli Testnet Merge Goes Live
Ethereum’s third and final testnet has now successfully moved to proof-of-stake The testnet’s success brings Ethereum’s mainnet protocol one step closer to a full proof-of-work transition The third an...
Tether Announces Support for PoS Ethereum
Tether believes that the Merge is “one of the most significant moments in blockchain history”. USDT stablecoin issuer Tether has announced that it is in support of the pending Ethereum Merge upgrade. ...
Circle plans to only support Ethereum PoS chain after Merge is complete
On Tuesday, Circle, the issuer of the USD Coin (USDC) stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the much-anticipated Merge upgra...
USDC Announces Full Support To Ethereum POS Chain Post-Merge
Circle, the blockchain company which issues USDC, announced full support to the upcoming Ethereum Merge. The company said it was looking forward to the reduced energy consumption profile of the networ...
Circle to ‘fully and solely support Ethereum PoS’
USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking for...
Should you buy Chainlink (LINK) after the announcement of PoS transition
Chainlink (LINK/USD) features decentralized oracle networks that provide tamper-proof inputs, as well as outputs and computations to support advanced smart contracts on just about any blockchain. LINK...
Ethereum’s [ETH] latest debate focuses on PoW v. PoS with players choosing sides
Ethereum Merge, by far the market’s most-anticipated event, will soon take place (potentially in September). As expected, excited ETH supporters remain bullish as it would improve the network’s effici...
Chainlink Plans to Only Support PoS After Ethereum Merge
Chainlink has announced that it will not support any proof-of-work Ethereum forks after Ethereum’s merge to proof-of-stake. In a memo to the community, the smart contract oracle provider said it wants...
Chainlink ditches Ethereum PoW forks for PoS after The Merge
Chainlink is aligning itself with the decision of the Ethereum Foundation and its community. Therefore, forked versions of the Ethereum blockchain, which includes proof-of-work (PoW) forks, will no lo...