Compared to the proof-of-work system, the Ethereum proof-of-stake consensus mechanism will cut energy use by a huge 99.5%.
Cryptocurrencies Continued To Slump As Investor Anxiety About The Ftx Bailout Spread
Cryptocurrencies Continued To Slump As Investor Anxiety About The Ftx Bailout Spread latest news, images, analysis about On Wednesday, cryptocurrencies continued to slump as investor anxiety about the FTX bailout spread. Bitcoin and ether, the two most popular tokens, both hit their lowest level in two years. The selloff deepened after media reports emerged that Binance was leaning toward walking away from the deal. Sure … See more
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Chainalysis says that after Merge, ETH could become independent of other cryptocurrencies because its staking rewards could make it like bonds or commodities.
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The agency said that after previously refusing to regulate the area, it now intends to work on the concept of virtual assets.
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