HomeEthereumEthereum’s Ropsten Testnet Has Completed Its Merge

Ethereum’s Ropsten Testnet Has Completed Its Merge

-



Ethereum’s Ropsten Testnet Has Completed Its Merge

The Merge is a long-awaited milestone in Ethereum’s journey toward a new proof-of-stake (PoS) consensus mechanism. Currently, Ethereum depends on proof-of-work (PoW), whereby miners expend energy to discover new blocks and add them to the blockchain, earning newly issued ether (ETH) and a portion of the transaction fees and tips. Once Ethereum shifts from PoW to PoS, validators who have staked the required 32 ETH will take over the role of adding new blocks to the blockchain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Federal regulators are preparing to pass judgment on Ethereum

The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond America’s borders. Are regulators with the U.S....

Three Arrows Capital fund moves over 300 NFTs to a new address

According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address. Starry Night...

ERGO's EIP-37 Is A Success!!!

ERGO EIP-37 Success In this video I'm going over the previous 24h or so for the reason that ERGO hardfork which applied EIP-37 and issues look...

Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues

Leon is at least the eighth crypto sector executive who has resigned in recent months; Celsius CEO Alex Mashinsky resigned a week ago....

Most Popular

spot_img