With the Merge on 25 September, the Ethereum network switched to Proof-of-Stake (PoS) as the consensus mechanism. It went smoothly, but obviously the abandoning of Proof-of-Work (PoW) forced miners t...
Tag: PoWBased
European Central Bank hints at PoW-based crypto ban by 2025
The European Central Bank (ECB) blasted Proof-of-Work (PoW) mining as a significant climate change risk in research bulletin published in July. As expected, the report specifically mentioned Bitcoin. ...
EU to Vote Restricting PoW-based Crypto Assets
The European Union could see a major change in the cryptocurrency industry as proof-of-work (PoW) cryptocurrencies face an indeterminate future. Proof-of-work cryptocurrencies are designed in an energ...
The European Union Is No Longer Banning Bitcoin and Other PoW-based Assets
European Union lawmakers have removed a controversial paragraph that would have made all proof-of-work (PoW) based cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) illegal. Proposed Ban on Po...