As Altair upgrade nears, looking into Ethereum outperforming Bitcoin 'at some point'

Ethereum's transition to proof of stake (PoS) with new protocol upgrades is being implemented to support a seamless transition.

Ethereum Merge Estimated in May-June 2022 - Developers

A major upgrade for the Ethereum (ETH) network just got another update on its calendar as an important step towards a proof-of-stake (PoS) consensus algorithm, the Merge, is now expected to happen in May or June next year. ...Read More: Ethereum Merge Estimated in May-June 2022 - Developers

Interview With Aventus On The Opportunities For Token Holders With Their Staking Program

When the Ethereum Network launched its Deposit Contract and began its journey into a Proof-of-Stake (PoS) based consensus, critics doubted that it was going to generate enough interest to lock the necessary 500,000 ETH.

SEBA Bank launches program for users to earn yields on crypto

Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months. Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yield on their crypto holdings.In an Oct.

Figment CEO: Value of Staking is Built on Community, Not a 'One-Way Street'

Lorien Gabel, CEO of Figment, on how the value of proof of stake blockchains derives from participation in the Web 3 community.

ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October.

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away. The price of Ethereum's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions as "illegal.""Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also "illegal financial activities."Bids for the ETH/USD pair dropped by up to 13.30% to $2,735 in response.

Staking on Ethereum 2.0, explained

The upgrade to Ethereum 2.0 comes with many changes, including the migration to the proof-of-stake consensus algorithm, believed to make the network more secure and compensate participants accordingly. What is the difference between self-staking and ETH2.0 Staking Earn?While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products.On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round.

US Infra Bill Provision May Force Crypto Users To Report USD 10K+ Transactions

ns who receive any kind of digital asset, has so far escaped public or congressional scrutiny, the non-profit organization that aims to bring legal and regulatory clarity to the proof of stake industry,

Vitalik Buterin's Biggest Ethereum Regret is 'The Whole 8 Cofounders Thing'

Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD. Ethereum (ETH) cofounder Vitalik Buterin decided to do "a random twitter experiment" answering his followers' many questions - stating that his biggest Ethereum regret is the idea of eight cofounders, and that he was too confident in the network's speed of moving to proof-of-stake (PoS), further touching on a number of

3 reasons why Tezos (XTZ) price has gained 85% this month

Major protocol improvements, attractive staking rewards and real-world adoption from banks back the current bullish price action seen in XTZ. The Ethereum (ETH) network is currently the dominant layer-one protocol in terms of smart contract deployment and active users, but the race to become the 'world’s computer' is far from settled because competing protocols are gaining traction by offering solutions to high transaction costs and slow confirmation times, the biggest problems facing the network.One project that has been on the rise over the past month is Tezos, a proof-of-stake blockchain network that is designed to evolve over time without the needing to undergo a hard fork.

Solana hits record high with SOL price up over 218% in six weeks — What's behind the rally?

SOL price keeps rising as the US securities regulator registered a Solana-centric fund for institutional investors and crypto market data network Pyth announced going live on the Solana blockchain. Solana (SOL) prices printed another milestone of nearly $85 high on Aug.

Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi

Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi.One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia, works as a venture scout with LuneX Ventures, and runs Persistence, a platform that lets users earn liquidity rewards while they stake coins.Aggarwals platform issues synthetic assets, perhaps better understood as redemption coupons, for staked coins that can be used elsewhere to maximize returns.

Osprey Funds cashes in on Solana's hype by filing SOL Fund application

Solana (SOL), the single-chain, delegated, Proof-of-Stake protocol has been seeing growing awareness and popularity of late.

Proof of Work Vs Proof of Stake – Laneaxis

The cryptocurrency world has been adapting to the current demands and generating new consensus algorithms with better functionalities.

Swiss B2B bank InCore launches new tokenization tool using Tezos

InCore Bank also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions. Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business (B2B) transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain.InCore Bank officially announced Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source proof-of-stake (PoS) blockchain network.The involved companies have developed a new Tezos token standard for asset tokenization built on the Tezos FA2 standard, a multi-asset interface for Tezos allowing developers to invent token types like nonfungible tokens (NFTs).Using the Tezos FA2, Inacta developed the new DAR-1 token standard, which aims to unlock new smart contracts-enabled functions to support financial markets, including Anti-Money Laundering (AML) regulations mechanisms as well as asset governance. In conjunction with the tokenization tool, InCore Bank also announced the upcoming launch of institutional-grade storage, staking and trading services for Tezos (XTZ).

Ethereum Outpacing Bitcoin to New Record High, According to CryptoQuant CEO

The CEO of on-chain analysis firm CryptoQuant, Ki Young Ju, thinks that Ethereum (ETH) could outperform Bitcoin (BTC) over the long term.

Ethereum 2.0 Becomes The Leading Hodler of Ether With $21.5 Billion in Funds

Presently, the staking contract of Eth2 has become the largest holder of Ethereum.

An Introduction To Solana: Innovations, Characteristics, And Criticism

Will Solana be the one? The race to be the prime smart-contract-enabled blockchain is heating up.

Four Low-Cap Crypto Assets Spike More Than 100% Within One Week

Four altcoins, all of which individually boast a market capitalization of below $600 million, have recorded growth of over 100% in just seven days.

Proof-of-stake Coins In Danger as US Infrastructure Bill Chaos Intensifies

Mayhem appears to have broken loose in the world of American politics, and the crypto community may be caught in the eye of the storm, as now, proof-of-stake (PoS) networks might be left in danger at a time when Ethereum (ETH) is moving towards PoS. A controversial infrastructure bill being moved with alacrity through the parliamentary system contains a number of clauses

Biden Deals Blow to Crypto Industry, Backs Plan to Tax Proof-of-Stake

The Senate had two very different amendments to choose from.

Rival Amendment to Senate Infrastructure Bill Threatens Proof of Stake

The Senate is considering two amendments to a cryptocurrency provision tucked within a $1 trillion infrastructure bill.

Zcash Creator Wants ZEC to Be Less Like Bitcoin, More Like Ethereum

Zcash creator Zooko Wilcox sees advantages to switching to proof of stake.

Solana Enjoys 7% Boost Amid Sponsorship Of Lollapalooza Music Festival 

The proof-of-stake cryptocurrency enjoyed a hefty boost during the popular music festival after advertisements for Solana appeared throughout Lollapalooza’s opening day.

How Do You Stake Cryptocurrencies? Earning Passive Income With Crypto

Proof-of-stake cryptocurrencies like Ethereum 2.0 and Polkadot will reward you with crypto for staking your coins.

Ethereum London upgrade could be delayed only for this reason

The Ethereum community is eagerly waiting for the Proof-of-Stake protocol to kick in and resolve problems relating to scaling on the network.

‘Ethereum Improvement Proposal 3675’ for the Eth2 merge launches on Github

The coming Eth2 Proof-of-Stake chain merge now has an Ethereum Improvement Proposal. A formal Ethereum Improvement Proposal has been created for the network’s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition.On July 22, ConsenSys researcher Mikhail Kalinin created a pull-request for EIP-3675 on Github, formalizing the chain merge as an improvement proposal for the first time.

Crypto.com deploys its Ethereum Virtual Machine chain testnet

Running on a proof-of-authority consensus algorithm, Cronos is powered by Ethermint, a proof-of-stake chain interoperable with Ethereum and EVM-compatible chains. The Crypto.com chain testnet allowing projects built on Ethereum to transfer over to its ecosystem from chains compatible with Ethereum Virtual Machine is now live.In a Tuesday announcement, Crypto.com said it had launched the testnet for its Ethereum Virtual Machine, or EVM, chain called Cronos, running in parallel to the Crypto.org chain.

US megabank JPMorgan to hire more blockchain talent

Some of JPMorgan’s new blockchain-related job applications seek candidates with experience in Bitcoin, Ethereum and proof-of-stake consensus mechanisms. Major American investment bank JPMorgan is upping its blockchain hiring spree by posting a series of new blockchain-related job applications.JPMorgan has opened multiple positions to pursue its global blockchain development efforts including job postings targeting blockchain-focused software developers, engineers, marketers and auditors.

Bison Trails provides infrastructure support to Provenance blockchain

The Provenance Blockchain Foundation launched its new, open source proof-of-stake blockchain in May.

'Intelectual Posturing' Highlights Ethereum's Extractable Value Vulnerability

A "personal project" by a developer might bring even more controversy into the so-called Miner Extractable Value (MEV) practice on the Ethereum (ETH) blockchain, possibly tempting some miners to extract all the value they can from Ethereum before it moves to a proof-of-stake consensus mechanism (PoS), as this move is forcing them to look for new revenue streams.

Polkadot might stick around, but should you accumulate it now?

Polkadot promotes itself as a unique proof-of-stake cryptocurrency aimed at delivering interoperability among other blockchains.

Ethereum Going to London in August, but Some Changes Will Need To Wait

Source: iStock/Ivan-balvan In its gradual process of transitioning to Ethereum 2.0 and a proof-of-stake (PoS) consensus mechanism, Ethereum (ETH) might get its London upgrade on or around August 4, at which point a number of changes will take effect, including the much-anticipated Ethereum Improvement Proposal (EIP) 1559 meant to revamp the networks monetary system. Ethereum core developers have

Sygnum becomes first bank in the world to offer Eth2 staking

Sygnum emphasized the robust DeFi ecosystem being built on Ethereum. Crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether.According to the July 6 blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to seven percent annually.Sygnum describes itself as the “world’s first digital asset bank,” having secured a banking licence in Switzerland and a capital markets services license in Singapore during August 2019 and October 2019 respectively.The firm asserts that “the vast majority of decentralized products and services run on Ethereum,” noting the DeFi sector’s Total Value Locked (TVL) has grown by more than three times since the start of 2021:“With Ethereum powering the exponential growth of decentralized finance (DeFi) applications, staking is a compelling choice for long-term Ethereum investors also seeking attractive yields.”Thomas Eichenberger, Sygnum’s head of business units, described Ethereum staking as “a core element for digital asset portfolios.”Sygnum launched a staking service for Tezos (XTZ) in November 2020, and has offered a fixed term deposit product for its Digital Swiss Franc stablecoin, DCHF, since March.The bank faces competition from many crypto-native staking providers and centralized exchanges, including leading US firms Coinbase and Kraken.The digital asset bank is also looking to support DeFi assets, launching regulated banking services for eight leading tokens including UNI, MKR, and CRV last month.According to Staking Rewards, Eth2 is currently the second-largest Proof-of-Stake network by staked capitalization with $13.5 billion, despite only 5% of circulating Ether currently having been locked for staking.Cardano (ADA) has the largest staked capitalization with $31.8 billion and 70.7% of supply currently locked.

STASIS and Free TON DeFi Alliance Partners to Boost the Development of Free TON DeFi Ecosystem

Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone.

Bitcoin Cash ABC rebrands to ‘eCash’, embraces proof-of-stake — and 2 decimal places

Bitcoin Cash ABC has rebranded to “eCash,” redenominated its token, and launched a proof-of-stake consensus layer. Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC).The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the speed of transactions.eCash will also reduce its decimal places down from eight to two, with lead developer, Amaury Sechet, stating:“No other money has eight decimal places.

JPMorgan report: Eth2 could kick-start $40B staking industry by 2025

CEO Jamie Dimon may not support crypto, but two JPMorgan analysts say proof-of-stake coin yields are attractive investments in this zero-rate environment. The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report.The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 billion in revenue annually from their staked holdings. When Ethereum completes its transition from proof-of-work (PoW) to proof-of-stake (PoS) next year, the analysts expect payouts will more-than-double to $20 billion.

Ethereum 2.0 approaches 6 million staked ETH milestone

ETH 2.0 now has 10x more staked Ether to power its proof-of-stake mechanism than the Ethereum Foundation required at launch six months ago. Ethereum 2.0 is approaching what some are calling a major milestone in its short history — 6 million staked Ether (ETH).

What Will Happen to Ethereum Miners After ETH 2.0?

The coming proof-of-stake network will make ETH miners obsolete.

Become an equal stakeholder in consensus with PoW on Jax.network

When it comes to Proof-of-Stake (PoS), its primary merit of scaling the blockchain is also a critical point of weakness for it.

Bitcoin is ‘own worst enemy' and will lose to Ethereum: Charles Hoskinson

Bitcoin is too slow when compared to Ethereum and other proof-of-stake networks, argued Cardano founder, Charles Hoskinson.

Persistence Launches pSTAKE, Offering Liquidity for Billions of Staked Cryptoassets

Staking cryptocurrencies on proof-of-stake blockchain networks has become one of the popular methods to generate consistent returns on crypto.

Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”

If you weren’t sure the stance for Nvidia CEO Jensen Huang when it comes to Ethereum’s upcoming shift to proof-of-stake, no need to question it further.

Ethereum Miners Can Transition to These Coins and Boost Their Values

By now, every Ethereum (ETH) fan knows that this blockchain is in the process of switching from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.

Dfinity founder takes aim at Ethereum’s complex layer-two solutions

Dfinity founder Dominic Williams has criticized Ethereum’s emerging ecosystem of layer-two solutions for exposing users to counterparty security risks. Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience.The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.” Williams asserted layer-twos cause points of friction for Ethereum users and exposes them to counterparty security vulnerabilities, emphasizing that more than half of Ethereum’s nodes are hosted by Amazon Web Services:“A lot of these Proof of Stake networks today that people invest in are really just layer-two applications of cloud — we find that pretty disappointing.

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March.

Tezos Clears $4 a Token in 17% Uptick

The proof-of-stake blockchain is on the up.

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players

In crypto, consensus often results in controversy.

Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement.

Investors cautiously re-enter crypto funds while ETH vehicles show strength

Investors like the looks of proof-of-stake coins, while Ethereum leads the way.

Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmental woes

The stakes are high for the chain to transition, as those that don't risk getting 'left behind.' At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has been incensing critics as of late.In an interview at the StartmeupHK virtual conference hosted from Hong Kong, Buterin said that while proof of stake is “still in its infancy and less battle-tested” than Ethereum’s current proof-of-work model, it can ultimately reduce the chain’s energy consumption by upwards of 10,000x.

Coming Soon: ‘Cardano Summer’ Will Shock Crypto Traders, According to Lark Davis

Popular crypto trader Lark Davis thinks the next few months could be a “Cardano summer.” Davis predicts that the proof-of-stake blockchain platform Cardano (ADA) will shock traders with a series of potentially bullish developments.

Tezos Users Sue IRS Over Crypto Tax Staking Rules

The lawsuit has big implications for proof-of-stake projects across the crypto landscape.

SUKU's New NFT Platform Claims to Be 'Carbon Negative'

The supply-chain-as-a-service company has launched an NFT platform called INFINITE, which makes use of Hedera Hashgraph's proof-of-stake network.

Ethereum Foundation: ETH 2.0 Will Use 99.95% Less Energy

New estimates from the Ethereum Foundation indicate that Ethereum's upgrade to proof of stake will cut the network's energy demands dramatically.

Polygon to Democratize NFT Interactions by Improving Approachability

To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs.

As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains

Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days.

Proof-of-Stake Coins Cardano and Polygon Hit ATH After Musk Slams BTC

Proof-of-stake coins are booming.

What is Proof of Stake? How it Differs From Proof of Work

Proof of stake is a consensus protocol that locks up crypto to secure the network.

ETH price regains $4K as possible Ethereum 2.0 ‘full validator’ count hits 17-month low

Glassnode data reveals that the number of Ethereum addresses holding at least 32 ETH has declined steadily in recent months. The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain.At the same time, the price of ETH has rebounded back above $4,000 on Friday, while Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge.Eth2 validators wanted?On-chain data analytics platform Glassnode revealed that the number of externally owned Ethereum addresses (EOA) fell to its lowest levels in the last 17-months — to 108,915.

Proof of Stake Coins Surge After Elon Musk Trashes Power Hungry Bitcoin

Crypto alternatives to Bitcoin have increased in price since Elon Musk U-turned on Bitcoin’s hefty proof-of-work energy demands.

This Cardano DEX's Revolutionary Initial Stake Pool Offering Proposal

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Cardano, a proof-of-stake blockchain platform founded by Charles Hoskinson and being developed by the team at IOHK says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.

Ethereum Moves Toward ETH 2.0 With ‘Super Experimental’ Testnet

Steklo is a short-lived testnet designed to demonstrate one method for maintaining a proof-of-stake network.

Staking giant Lido looks to bring services to Solana

Infrastructure provider Chorus One believes they can help Lido corner 25% of all staked SOL. One of the largest ETH 2.0 and Terra staking services is now looking to expand to other proof-of-stake chains, starting with upstart layer 1 Solana.  In a proposal today on Lido’s governance forums, crypto infrastructure provider Chorus One laid out a plan to build “a liquid staking token (for now: stSOL) that will accrue staking rewards and represent staking positions with Lido validators on Solana,” similar to Lido’s current interest-accruing stETH token.

Ethereum Will Be Deflationary and Running on Proof-of-Stake by Year-End, says Market Analyst

Lark Davis believes that Ethereum will have cemented its status as a deflationary currency and will run on a proof of stake model by the end of 2021.

QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity

Low fees and high yield opportunities briefly pushed QuickSwap price above the $1,000 mark as the Polygon-based layer-2 solution sees adoption from new blockchain projects. As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion.  One L2 solution that has emerged as a top choice for DeFi projects and traders is Polygon (MATIC), which over the past week, has seen its price climb toward new highs due to a surge in activity at its QuickSwap decentralized exchange. MATIC/USDT 4-hour chart.

pNetwork and Algorand Officially Partner up to Build New Cross-Chain Connections

pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has officially partnered up with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem.

Ethereum Won't Hide From Quantum Computers Behind PoS Shield

Source: Adobe/Bartek Wróblewski Quantum computing has long been regarded as Bitcoin (BTC)’s ‘bogeyman.’ The popular fear is that, as secure as Bitcoin and other proof-of-work cryptoassets are in terms of standard cryptography, quantum computers could provide additional means of breaking them. One other popular assumption is that, because they don’t use PoW, proof-of-stake cryptoassets

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.