Ethereum Transition to Proof-of-Stake May Make It a Security
EthereumEthereum Transition to Proof-of-Stake May Make It a Security09 / 16 / 2022Balita ng Ethereum ng Bitcoin As Ethereum struggles to surpass crucial price levels despite ang Pagsamahin, Securities and Exchange Commission Chairman (SEC) Gary Genslers latest comment have triggered a new debate. According to Gensler, a crucial criterion used by courts to decide whether an asset is a katiwasayan might be met by cryptocurrencies and intermediaries that permit investors to “stake” their coins, iniulat ang Wall Street Journal. SEC chair continues to push the security narrative “From the coin‘s perspective… that’s another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others,” he told reporters after a congressional hearing. In Ethereum, staking includes depositing 32 ETH to activate validator software. After the patunay-ng-taya (PoS) transition, the Shanghai upgrade – slated for six to 12 months after the Merge – is an essential phase since it releases the staked ETH. Staked ETH and freshly-produced ETH immediately following the Merge will all stay locked on the Beacon Chain and not be withdrawable until the Shanghai upgrade is activated. Gensler believes that “[Staking] looks very similar – with some changes of labeling – to lending.” Crypto businesses, including Coinbase, Circle, Gemini, Nexo,