Tag: PoS

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million […]

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Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’

Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’

The digital currency cardano has jumped over 8% in value during the last 24 hours and 25% over the last seven days. The price move follows an update on Charles Hoskinson’s and IOHK’s plans for the Cardano network in 2022. Charles Hoskinson’s 2022 Cardano Outlook: ‘A Formal Open-Source Project Structure Is Going to Be Formed’ […]

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Dogecoin Foundation Says It’s Working With Ethereum’s Vitalik Buterin on a Staking Concept

Dogecoin Foundation Says It’s Working With Ethereum’s Vitalik Buterin on a Staking Concept

According to the Dogecoin Foundation, the organization is working with Vitalik Buterin on constructing proof-of-stake (PoS) capabilities for the Dogecoin network. The “uniquely Doge proposal” is aimed at bolstering a “community staking” version of the protocol. Dogecoin Foundation Discusses the Project’s ‘Trailmap’ On December 23, the Dogecoin Foundation’s official Twitter account tweeted about the digital […]

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Dogecoin (DOGE) foundation is working with Vitalik to create “community staking”

Dogecoin (DOGE), the Proof-of-Work (PoW) meme currency has made its plans of moving to Proof-of-Stake (PoS) clear earlier this year at the peak of the Bitcoin (BTC) ESG debate.  Now Dogecoin foundation has come out to reveal that they are working with Ethereum founder Vitalik Buterin to develop a unique community staking proposal based on […]

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Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade

Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade

The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June 2022. This will give the Ethereum network another six months until it leads to the “Ice Age” […]

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Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years

Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years

On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability. Zcash to Change From PoW to PoS The Zcash network currently leverages […]

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Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High

Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High

On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining crackdown in China. Hashrates Return Following China’s Crypto Mining […]

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