If you’re interested in Ethereum, then you’ve probably heard of the latest news about the cryptocurrency. It is a digital currency that runs transactions very fast, sometimes in seconds. While Bitcoin’s transactions can take hours, Ethereum transactions can be completed in minutes. To learn more about the blockchain-based currency, you can read the Ethereum news below.
Ethereum has made a transition from proof-of-work to proof-of-stake (PoS) and has managed to avoid price collapses in the process. It has managed to maintain its price for over seven days, and is now in a bull market. While it is still early to predict the future of Ethereum, it’s already showing promising signs.
The Ethereum network is a decentralized platform, and it uses smart contracts to manage transactions. This allows users to build and run applications using this blockchain. These applications are called Dapps. They are designed to operate in a decentralized fashion, so they are free of third-party interference and fraud. The platform is widely considered to be a future-oriented technology that is already changing the way the internet works.
Another major change in the Ethereum network is the transition from proof-of-work (PoW) to proof-of-stake (PoS). This upgrade was introduced in the year 2021 and is scheduled to be completed in 2023. The next stage of the Ethereum network is called Shanghai, and developers have said that it will go live six months after the Merge. However, this is not a certainty, and there have been numerous delays in this upgrade.