Developers say the move away from a proof-of-work (PoW) system will make the network much cheaper, faster and environmentally friendly. It will also mean the end of an income stream for Ethereum miners, who are rewarded with ether (ETH) tokens for supplying resources to the blockchain. Miners produced over $620 million worth of ether in July alone, data show, making The Merge akin to a death knell for a significant chunk of cash.
Stronghold Digital Mining Inc SDIG shares are trading lower by 24.43% to $2.41 during Wednesday's trading session after the company...
As the Ethereum Merge draws near, many are speculating on its economic effects. To provide a clearer view to those...
Sentiment around the crypto market had been on the rise when the price of Bitcoin and Ethereum had picked up...
According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the...
Kenneth Worthington, an analyst at JPMorgan (NYSE: JPM), thinks that Coinbase (NASDAQ: COIN) will be a “meaningful beneficiary” of the highly...
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