Ethereum Transitions Into A Proof of Stake Blockchain After Successful Merge ⋆ ZyCrypto

The much-awaited “Merge” event has been completed, transitioning Ethereum into a vastly more energy-efficient one and marking the end of a five-plus year wait by the Ethereum community.  The event, broadcasted live on various outlets, started around 2.45 AM EST, with thousands worldwide converging to watch as the worlds second-largest blockchain was successfully ushered into a proof of stake consensus algorithm.  Ang sumanib is the most significant structural shift for any blockchain in the history of crypto and eradicates the mining concept, slashing Ethereums energy consumption by over 99.9%. “The merge will reduce worldwide electricity consumption by 0.2%,” Justin drake, an Ethereum researcher, said during the event.  For comparison purposes, flicking off the switch on Ethereums energy drain is like shutting down the energy grids of counties like Finland, Chile, Austria or Venezuela, according to one estimate.  Apart from changing how Eth coins are created, the upgrade has also altered how transactions will subsequently be validated. Under the Proof of Work regime, the networks transactions health was maintained by miners competing to write transactions to its ledger, earning ETH rewards in return.  With the upgrade, miners are now replaced by validators. Validators deposit or “stake” at least 32 ETH on the Ethereum network to activate

2022-09-15Ethereum

Someone Paid $60K (36 ETH) in Fees to Mint the First NFT on Ethereum After The Merge

Ethereum Mga NFTMay Nagbayad ng $60K (36 ETH) sa mga Bayarin upang I-Mint ang Unang NFT sa Ethereum Pagkatapos ng Pagsama-sama09 / 15 / 2022Balita ng Ethereum ng Bitcoin  The Ethereum network went through its largest upgrade in history, transitioning to a Proof-of-Stake consensus algorithm.  Immediately after that, users are finding clever ways to commemorate the event and to become part of history.  In this particular case, a user pagod a whopping 36 ETH worth about $60K at current rates to mint the very first-ever non-fungible tokens on the PoS-based Ethereum network.  This is what the NFT looks like:  Minted at block height 15537394, the image itself represents a panda face and is called “The Transition.”  There‘s a certain irony in the fact that someone paid so much to mint an NFT, but it’s also important to note that ang Pagsamahin itself doesn‘t do much to decrease gas fees on Ethereum’s network.  This is one of the most popular misconceptions about the event.  The Merge has changed the overall consensus algorithm and doesn‘t expand the network capacity – this is why it won’t significantly reduce the gas fees.  However, there are multiple scaling solutions that are to be deployed at a later stage to tackle this particular challenge.

2022-09-15Ethereum

Bitcoin, Ethereum Stay Buoyed As The Merge Finally Kicks In ⋆ ZyCrypto

Bitcoin EthereumBitcoin, Ethereum Stay Buoyed As The Merge Finally Kicks In ⋆ ZyCrypto09 / 15 / 2022Balita ng Ethereum ng Bitcoin   After a strong weekly close, Bitcoin opened with its head high on Monday, briefly rising to tap $22,000 during the Asian session. Last week, the worlds largest cryptocurrency plunged as low as $18,500 before recovering by over 17%. As of writing, Bitcoin was trading at $20,071 after a 1.66% rise in the past 24 hours.  On the other hand, Ethereum remained hushed as investors kept their stakes low ahead of the Merge. As of writing, the crypto-asset was trading at $1,618 after gaining 0.84%, with several so-called “Ethereum killers” like Solana and Cardano surging by roughly 2% in the past 24 hours.  With the Merge -an event that will transition Ethereum from a proof of work to a proof of stake blockchain – less than minutes away, investors seem to have taken a step back, fearing that it may spark a “buy the rumour sell the news” scenario resulting in wild volatility by cryptocurrencies.  According to IntoTheMoneyStocks founder Gareth Soloway, short-term crypto prices will be determined by how smooth the merge goes.  “It‘s going to be interesting to see how the merge goes.

2022-09-15Ethereum

The Merge is done! Ethereum price analysis

EthereumTapos na ang Merge! Pagsusuri ng presyo ng Ethereum09 / 15 / 2022Balita ng Ethereum ng Bitcoin  Ethereum (ETH / USD) is the second largest cryptocurrency in terms of market capitalization, and it is the home to thousands of decentralized applications (dApps), which power Desentralisadong Pananalapi (DeFi) at non-fungible token (NFTs).  Sa pinakabagong Ethereum news, we saw a massive change to the Ethereum network known as the Merge went live, which moved the blockchains core to a more energy-efficient system after years of developments and delays.  n Naghahanap ka ba ng mabilis na balita, maiinit na tip at pagsusuri sa merkado?n n Pag-sign up para sa Invezz newsletter, ngayon.n n  Ethereum has successfully made the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS).  The successful implementation of the Merge as a catalyst for growth  The Merge originally began in 2020 with the launch of the Beacon Chain, which was a Proof-of-Stake (PoS) version of the Ethereum blockchain used for testing.  On September 15, 2022, Vitalik Buterin, the co-founder of Ethereum, made an official anouncement that the team is done with the implementation of the Merge.  Sa tweet, Buterin said: “This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud

2022-09-15Ethereum

Replay Attacks: What to Consider Before Selling Your Post-Merge ETH Fork Tokens

Ethereum, the blockchain behind the worlds second-largest crypto asset of the same name, will almost certainly split, creating two separate coins runing on two separate chains: patunay-ng-trabaho (PoW) at patunay-ng-taya (POS).   Such a split, often influenced by divergent views among crypto community members, is referred to as a ‘hard fork.’ Or just ‘fork.’ Some Ethereum miners reluctant to get rid of the old consensus mechanism have now signaled plans to ‘fork’ the blockchain once it ‘Merges’.  Forking Ethereum  “The chain will split. Ethereum will continue normally on PoS, and miners will fork it and create $ETHW,” tweeted pseudonymous DeFi strategist Olimpio.  What this means, Olimpio explained, is that the entire Ethereum blockchain will have two identical instances – all Ether, ERC20 tokens, and transactions, as well as all DeFi positions will exist in proof-of-work and proof-of-stake.  Users that held ethereum before ang Pagsamahin may automatically receive a balance of tokens of the new proof-of-work mga tinidor in their wallets. The process of claiming these tokens will vary depending on the chain.  Assets on a centralized exchange such as Poloniex or Coinbase will likely receive the forked tokens without much hustle, should the exchange decide to list those specific tokens.  Olimpio cautioned that while forked tokens can

2022-09-15Ethereum

Ethereum switches to PoS after successfully completing the Merge

EthereumEthereum switches to PoS after successfully completing the Merge09 / 15 / 2022Balita ng Ethereum ng Bitcoin  Ethereum (ETH) has migrated to a proof-of-stake network after the blockchain reached a terminal total difficulty of 58,750,000,000T at 06:43 UTC.  Ethereum co-founder Vitalik Buterin tweeted that the Merge was a “big moment for the Ethereum ecosystem,” praising everyone who helped make it happen.  At natapos na namin!  Happy merge lahat. Ito ay isang malaking sandali para sa Ethereum ecosystem. Ang bawat isa na tumulong sa pagsasanib ay dapat makaramdam ng labis na pagmamalaki ngayon.  - vitalik.eth (@VitalikButerin) Septiyembre 15, 2022  Gnosis co-founder Martin Köppelman revealed that blocks have shown “amazing stability” after the merge as only one was missed. Buterin also corroborated this view, saying the percentage of full blocks has dropped to 10%.  One important corollary of this is better EIP 1559 performance (because fewer blocks bump up against the 2x limit). So far, the percentage of full blocks has dropped from ~20% to ~10%.  - vitalik.eth (@VitalikButerin) Septiyembre 15, 2022  The Merge has been one of the highly anticipated developments in the crypto space for the last two years, with the community facing different challenges.  According to Ethereum Foundation, the Merge could be likened to replacing the engine of a

2022-09-15Ethereum

Sinasaklaw ng SWIFT Payment System ang Blockchain Technology

blockchainSinasaklaw ng SWIFT Payment System ang Blockchain Technology09 / 14 / 2022Balita ng Ethereum ng Bitcoin  Ang Society for Worldwide Interbank Financial Telecommunication (SWIFT) ay gumagawa ng isang naka-target na hakbang upang isama ang teknolohiya ng blockchain sa isang bid upang himukin ang kahusayan sa ilan sa mga internasyonal na operasyong pinansyal nito.  As iniulat ni Bloomberg, na binanggit ang isang post mula sa katawan, ang pagpapahusay ng pagbabayad ay sa pakikipagtulungan ng Symbiont Inc, isang blockchain startup na may mga makabagong solusyon sa fintech.  Ang SWIFT blockchain pursuit ay gagamitin upang lumikha ng “efficiencies in communicating significant corporate events,” tulad ng dividend payments at mergers, sinabi ng SWIFT sa post nito.  Ang SWIFT ay nagtatanghal ng isa sa pinakamatatag na imprastraktura ng pagmemensahe sa pananalapi para sa mga kumpanya sa buong mundo. Tumutulong ang platform na mag-encode ng mensahe na madaling maunawaan ng mga miyembrong naka-sign up sa platform nito. Ang sistema ng SWIFT ay kasalukuyang mayroong higit sa 11,000 mga gumagamit na kumalat sa 200 mga bansa.  Ang pakikipagtulungan sa Symbiont, pati na rin sa Vanguard, Citigroup, at Northern Trust, ay makikita ang SWIFT na i-automate ang corporate action workflow gamit ang platform ng teknolohiya ng Symbiont, ang Assembly. Ang mga koneksyon sa

2022-09-15Industriya

Live coverage ng pangunahing pag-upgrade ng Ethereum

EthereumLive na coverage ng pangunahing pag-upgrade ng Ethereum09 / 14 / 2022Balita ng Ethereum ng BitcoinHigit pa sa The Merge  Tingnan ang lahat ng nilalamang nauugnay sa Pagsamahin dito.  Pinakabagong balita  Sorare CEO Nicolas Julia: Ginagawa ng Merge na angkop para sa pangmatagalang hinaharap ang Ethereumn  Update: 9:40 pm UTC, Set. 14  Ang CEO ng Sorare na si Nicolas Julia ay nagsalita ng Ethereums Merge bilang isang makasaysayang sandali para sa blockchain ecosystem.  Ang Ethereum Merge ay isa sa pinakamahalagang sandali sa kasaysayan ng blockchain hanggang sa kasalukuyan, na nangangako ng mas napapanatiling kinabukasan para sa kabuuan ng ecosystem, sabi ni Julia, na nagpapahayag na ang web3 sports fantasy game developer ay gumawa ng pagbabago sa carbon. -mahusay na Layer 2 network upang bawasan ang sarili nitong emissions footprint.  Sa pagtanggap sa The Merge, tinawag ito ni Julia na isang positibong hakbang patungo sa paggawa ng Ethereum na angkop para sa pangmatagalang hinaharap.  Makakaapekto ba ang mga potensyal na teknikal na aberya sa The Merge?  Update: 9:35 pm UTC, Set. 14  Matagal nang naghanda ang mga developer para sa mga potensyal na problema para maiwasan ang systemic na pagkagambala sa panahon ng The Merge.n  Bagamat maraming taon ang ginagawa, inaasahan pa rin ng mga developer ang mga pangkalahatang bug at glitches.

2022-09-15Industriya

Narito Ang Timeline Kailan at Bakit Magkakaroon ng Massive Bull Run ang Bitcoin (BTC) - Coinpedia - Fintech & Cryptocurreny News Media

BitcoinNarito Ang Timeline Kailan at Bakit Magkakaroon ng Massive Bull Run ang Bitcoin (BTC) – Coinpedia – Fintech at Cryptocurreny News Media09 / 14 / 2022Balita ng Ethereum ng Bitcoin  Ang mga numero ng US CPI ay nagpakita ng intensyon ng Federal Reserve na itaas ang mga rate ng interes upang mabawasan ang mga presyon ng inflationary na dulot ng pagtaas ng paggasta ng gobyerno sa panahon ng epidemya sa nakaraang dalawang taon.  Mayroong pag-agos ng mga pondo sa Bitcoin at ang natitirang bahagi ng merkado ng cryptocurrency. Simula noon, higit sa kalahati ng mahigit $3 trilyong halaga ng pamilihan ng mga cryptocurrencies ang nawala.  Kahit na nawala ang Bitcoin ng higit sa kalahati ng all-time high nito na $69,000 noong Nobyembre 2021, nanatili itong matatag sa panahon ng bear market.  Mula noong kalagitnaan ng Agosto, nanatili ito sa loob ng $24,500 consolidation zone dahil nabigo ang rally na malampasan ang antas ng paglaban na ito.  Kapag Mangyayari ang Bitcoin Bull Run!  Ang Crypto trader at analyst na si Josh Rager ay nagsabi sa isang tweet noong Setyembre 14 na ang isang malaking Bitcoin rally ay inaasahang magaganap sa 2024, kaagad pagkatapos ng paghahati ng kaganapan.  Ang kanyang pagtataya ay dumating sa isang oras kung kailan nagpakita

2022-09-15Industriya

Ethereum Merge Is Fine, What About Dogecoin’s Transition To PoS?

EthereumMaayos ang Ethereum Merge, Paano ang Paglipat ng Dogecoin sa PoS?09 / 14 / 2022Balita ng Ethereum ng Bitcoin  The Merge upgrade on the Ethereum network is perhaps the hottest topic across the cryptocurrency space. The first smart contract compatible blockchain network is going to be the first blockchain to transition from proof-of-work to a proof-of-stakes consensus mechanism. This is quite a significant move considering the behemoth size of the Ethereum network, yet, it is happening.  While the discussion around the Ethereum merge is going on, top meme currency Dogecoin also became a part of it given its intentions to transition to PoS. The discussion around Dogecoin shifting to proof-of-stakes is also around the space for a long. This attracted a lot of attention, and even so Ethereum founder Vitalik Buterin also got interested in it.  Ang paksa ng Dogecoin shifting to PoS remained a hot topic since December last year. This was the same time when the crypto market started witnessing the loss of capital following the market decline. Yet the Dogecoin Trailmap mentioned the transition proposal.  Ang Dogecoin community, however, considers this proposal as just a mere proposal. While Ethereum co-founder was occupied with the Ethereum merge itself.  On the brighter side, it

2022-09-15Ethereum
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