Tezos-native NFT platform H=N gains steam, launches World Art Day fundraiser

The indie NFT platform is bringing an artist-first ethos to its design and events. Not all NFT platforms are for newly-rich crypto investors to flaunt their wealth, as one project is proving.  As the calls from artists and activists grow louder to reduce the carbon footprint of NFTs, one indie platform on environmentally-friendly proof-of-stake blockchain Tezos has seen a surge in activity and is currently hosting a World Art Day event to raise money for the open-source licensing organization Creative Commons.

Balancer Ventures Outside Ethereum, Aims to Be Algorand's Uniswap

DeFi projects continue to look for proof-of-stake blockchains that can manage a lot of transactions with lower costs.

Proof-of-Disagreement: Bitcoin's Work vs. Ethereum's Planned Staking

In the never-ending battle between Bitcoin (BTC) and Ethereum (ETH), one of the biggest bones of contention is which consensus mechanism is best: proof-of-work (PoW) or proof-of-stake (PoS).

Ethereum Alternative Solana Gets USD 40M Boost

Proof-of-stake protocol Solana (SOL), which is being touted as another alternative to Ethereum (ETH), has announced two strategic investments today, from crypto exchanges OKEx and MXC, with the combined funds to be used for the growth of projects in the Solana ecosystem, as well as expanding the resources required to bring new decentralized apps (dapps) and protocols

Total Ether Deposits in Ethereum 2.0 Hits New ATH as Interest in Proof-of-Stake Model Rises

The total number of Ethereum deposits in ETH 2.0 continues to climb as it recently set a new all-time high.

Ethereum Moves Ahead With Plans for Earlier Transition to Proof-of-Stake

Ethereum (ETH)’s planned move to a proof-of-stake (PoS) consensus mechanism appears to be gaining further momentum, after developers proposed merging the existing mainnet with the Ethereum 2.0 beacon chain as early as October.

'Deflationary' Eth2 could flip Bitcoin: Messari analyst

Senior research analyst at Messari, Ryan Watkins, predicts that Ether could overtake Bitcoin as the top crypto asset once its Eth2 overhaul is complete. Ryan Watkins, a senior research analyst at crypto analysis firm Messari, has speculated that Ethereum could overtake Bitcoin as the largest crypto asset once its Eth2 and Proof-of-Stake overhaul is complete. Appearing on Youtube show 'FinTech Today' on March 18, Watkins noted that while he does not know “if or when” Ethereum will flip Bitcoin, he does believe Ether could emerge as the leading crypto asset in the future, due to Eth2, stating: “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure.

BTCS Generating Revenue By Securing Smart Contract-Based Proof-Of-Stake Blockchains

Disclaimer: The text below is a press release that was not written by Cryptonews.com. In 2021, companies are enhancing their treasury management strategies to realize improved returns by allocating liquid funds to cryptocurrencies.

Ndau Wallet Does Away With Staking Middlemen

Staking has become a popular concept within the blockchain and cryptocurrency space, especially in blockchain networks that implement proof-of-stake consensus algorithms.

Miner Backlash Over Fee Upgrade Provokes A Countermove by Ethereum Devs

Source: Adobe/bizoo_n Ethereum (ETH) developers have responded to a miner backlash against a fee-related Ethereum Improvement Proposal (EIP) by proposing to bring forward the blockchain’s planned move to a proof-of-stake (PoS) consensus mechanism which makes miners obsolete.

Validator Entry Thresholds on the Decline as Cloud-Based Staking Challenges Surmounted

Through the novel use of hardware security modules in conjunction with a communication module, a collaboration between Bluzelle and Equinix will significantly reduce the barriers preventing the equal distribution of opportunities for potential proof-of-stake (PoS) node validators.

Eth2 transition accelerates amid rumblings of a miner rebellion

Ethereum appears to be hastening its transition to Proof-of-Stake, with developer Mikhail Kalinin publishing the specifications for the chain merge with Eth2. Ethereum’s developers appear to be hastening the network’s shift toward Proof-of-Stake consensus and away from the Proof-of-Work mining community. On March 11, developer “Mikhail Kalinin” published specifications for Eth2’s future blockchain merge with the existing Ethereum network.

Ethereum Just Edged Closer to Proof of Stake Via Beacon Chain

With the world buzzing about NFTs and DeFi taking off, Ethereum 2.0 developers want to get the proof-of-stake network up and running soon.

French utility giant pursues carbon neutrality as Hedera node operator

Hedera's proof-of-stake network will act as an energy-efficient foundation for Électricité de France's ongoing mission to become carbon neutral. French utility giant Électricité de France has joined the Hedera Governing Council as a node operator.

Sony Europe joins Theta blockchain validator program

Sony Europe follows in the steps of Global 500 firms like Google and Samsung in joining the Theta network's validator program. Sony's European subsidiary is the latest company to join the validator program of the Theta Network, a decentralized blockchain-based video protocol. Sony Europe’s research and development group, the Center Europe Brussels Laboratory, has joined Theta’s enterprise validator and governance council program, the company announced Tuesday. As part of the development, Sony will operate an enterprise validator node located in Europe to validate network transactions on Theta’s proof-of-stake consensus protocol.

Ethereum Core Developers Eye Mid-April for ‘Berlin’ Hard Fork

The hard fork will facilitate live swapping Ethereum from a proof-of-work to a proof-of-stake blockchain.

Harmony (ONE) gains 230% after Ethereum network integration

Harmony price surged in February after adding a trustless Ethereum bridge to avoid high gas fees. Since the start of February, Harmony (ONE) has rallied by 230% and while the proof-of-stake smart contract platform benefited from Ethereum’s skyrocketing gas fees, the recent meteoric rise appears to be driven by more fundamental factors. Harmony (ONE), ATOM, SOL, NEAR, OMG at Binance.

Matic rebrands to Polygon in pursuit of ‘Polkadot on Ethereum’ strategy

The Layer-two protocol plans to become an aggregator and interoperability facilitator for Ethereum scalability solutions. The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon.

US Library of Congress report highlights proof-of-stake tax blindspot

The taxman still isn't wise to cryptocurrency earnings made through proof-of-stake.

Eth2 notches up 66K validators as devs reveal progress for 2021

Analysis of recent deposits to the Eth2 contract address reveals the number of individual validators is on the rise. Seven weeks after the launch of Ethereum 2.0’s beacon chain and 2.25 million ETH has been deposited into the ETH2 contract address, signaling growing confidence in the long-awaited rollout of ETH2.  More than 66,360 beacon chain validators have been created as part of Ethereum’s transition from Proof of Work to Proof of Stake. Data provided by smart contract experts at Dune Analytics suggests that more ETH is now being staked by individual contributors than single addresses with large balances, which had dominated flows to the Eth2 contract throughout December and the first half of January. my takeaway: the combination of proficiencies and crosspollination leading up to the complete merge is going to be awesome to see"eth1 devs on user-layer optimizations and stability""eth2 devs on sophisticated proof-of-stake consensus" https://t.co/OW8Kcm6I4E— trent.eth (@trent_vanepps) January 20, 2021 The dollar amount of ETH deposited into the Eth2 contract stands at approximately $3.75 billion, or 2.5% of Ethereum’s total market cap, with 4,864 unique depositor addresses contributing to the total amount of ETH staked on the new network. The state of Eth2 In a post titled "The State of Eth 2," Ethereum Foundation researcher Danny Ryan recapped progress made in 2020 and painted a picture of things to come in 2021.

Ether could be heading for $10.5K, says Fundstrat strategist

Ether’s ongoing Proof-of-Stake upgrade combined with its DeFi potential and new all-time high could trigger its price above $10,000, according to one analyst. After hitting a new all-time high, the Ether (ETH) price could potentially head to $10,500, according to a strategist at major market research company Fundstrat Global Advisors. Fundstrat’s strategist David Grider commented on ETH hitting new historical records of about $1,430 in an investor note on Tuesday, Bloomberg reports.

Speed vs quality? Ethereum 2.0 optimism is high, but the road is long

The foundation was laid for Ethereum 2.0 in 2020, and expectations are positive for the future of the smart contract platform in 2021. Ethereum has consistently followed a roadmap for its continual evolution to a proof-of-stake consensus protocol, and 2020 saw the groundwork for Ethereum 2.0 soundly laid.

Cardano Now the Biggest Proof-of-Stake Network as ADA Flips Polkadot (DOT) to Become 7th Top Crypto

The total amount staked on Cardano (ADA) has officially surpassed that on Polkadot (DOT), making Cardano the largest proof-of-stake network as of now.

What Is Proof-of-Stake?

Proof-of-stake is a method of maintaining integrity in a blockchain, ensuring users of a cryptocurrency can’t mint coins they didn’t earn.

Proof-of-Stake Was Bigger Than Eth 2.0 in 2020

Four of the top nine crypto assets by market cap are on a path to proof-of-stake, says the CEO of Staked.

Eth2 becomes the fourth-largest staking network and it keeps growing

Eth2 already ranks as the fourth-largest staking network by TVL despite launching six weeks ago and with withdrawals still yet to be enabled. Ethereum 2.0 has already emerged as the fourth-largest proof-of-stake network by total value locked in staking within roughly six weeks of the Eth2 deposit contract going live. Despite withdrawal functionality not yet enabled, and no precise estimation for its full launch date, nearly $1 billion worth of Ether has already been designated for staking.

Solana Devs Call ‘All Hands on Deck’ as Unknown Bug Stops Block Production

Solana, a proof-of-stake (PoS) blockchain spearhead by FTX CEO Sam Bankman-Fried, is "stuck" due to an unknown issue.

How IRS Tax Rules May Apply to Ethereum 2.0

The IRS has yet to provide specific guidance on how proof-of-stake networks such as Ethereum 2.0 will be taxed.

Blockchain Bites: Ethereum 2.0 Beacon Chain Ships, Libra Rebrands, ‘Bitcoin’ Google Searches Up

Ethereum 2.0 charts new territory with the launch of its proof-of-stake backbone as retail interest in Bitcoin spikes, Google search data suggests.

Ethereum 2.0 receives Binance's staking support

Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live.

Ethereum 2.0 is go: Genesis block of beacon chain winks into existence

Ethereum’s proof-of-stake transition takes another step toward completion. After literally years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day. The repeatedly delayed scalability and security upgrade to the second-largest cryptocurrency by market cap confidently took its first breath as planned, at just after 12 pm UTC on Dec.

Ethereum 2.0 Beacon Chain Goes Live as ‘World Computer’ Begins Long-Awaited Overhaul

The Beacon Chain, the backbone of Ethereum's future Proof-of-Stake network, is now live.

Coinbase, Huobi Join Other Exchanges in Supporting Ethereum 2.0 Staking

With the much-anticipated launch of Phase 0 of Ethereum (ETH) 2.0 finally here, the industry begins to prepare for the transition to the proof-of-stake (PoS) consensus algorithm for the second largest cryptoasset by market capitalization.

Ethereum 2.0 Launches Tomorrow. Here’s What to Expect

There's not a whole lot users must do during Phase 0 of the proof-of-stake network.

Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

Despite some “unanticipated consequences,” the testnets were instrumental in stress-testing Eth2. After years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec.