Ethereum Staking Balloons as the Merge Moves Closer

2022-8-22 15:30

As Ethereum (ETH) gears up for the highly-anticipated Merge upgrade next month, staking in Ethereum 2.0 deposits has grown dramatically in the past few weeks.

According to Wu Blockchain, as of Aug, there are 13,343,768 ETH 2.0 deposit contract addresses with a stake price exceeding 11.17%. On average, 36,000 new ETH are added each week.

Last week, the final testnet for the Merge went live on Goerli on Aug 11. The testnet is a public Ethereum network used by developers to test the upcoming hard fork upgrade. As a result of the Goerli integration, the price of Ethereum has increased rapidly in the past few days. 

The Merge is touted as one of Ethereum’s most important events as the consensus layer changes from a proof-of-work to a proof-of-stake system.

And the coming month is shaping up to be eventful as the network undergoes one of its biggest changes ever.

Chainlink to support Ethereum PoS

Chainlink announced that it plans to support proof-of-stake (PoS) after the Merge. 

Ethereum is currently switching from being a network that needs miners to validate transactions (proof-of-work), an energy-draining process, to one where so-called validators “stake” Ethereum tokens with the chance to validate transactions instead (proof-of-stake).

Moreover, Chainlink assured the community that the protocol and its services would be operational throughout and after Ethereum’s merge. 

To protect their users, it is recommended that those customers with decentralized applications and smart contracts who are unsure of the Merge’s impact on their business operations should pause operations. 

Smart contracts that are deployed on proof-of-work blockchains may not always behave as expected. All developers utilizing Chainlink’s oracles in their smart contracts must test whether the service is functioning correctly, before and after the implementation of the merge.

What’s next after Merge?

Two additional testnets will be monitored for the Ropsten Merge: Goerli and Sepolia. So far, Ethereum has explored Merge implementation on Kintsugi and Kiln on Ethereum. 

All of these changes, on the other hand, have not impacted the Ethereum mainnet. As a result, ether holders and network users will not be penalized until this summer’s main event.

The post Ethereum Staking Balloons as the Merge Moves Closer appeared first on BeInCrypto.

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Ethereum (ETH) на Currencies.ru

$ 3744.03 (+0.28%)
Объем 24H $35.977b
Изменеия 24h: -1.17 %, 7d: 21.34 %
Cегодня L: $3632.11 - H: $3841.39
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ethereum merge staking closer moves balloons weeks

Источник: beincrypto.com

ethereum merge → Результатов: 126


Фото:

Инвесторы разочаровались в Ethereum Classic, несмотря на его рост цены накануне Merge

Экс-майнеры Ethereum, которые стали добывать Ethereum Classic, стали пересматривать оценки роста ее стоимости. Альткоин Ethereum Classic, который демонстрировал сильный рост за несколько недель до внедрения обновления Merge в работу блокчейна Ethereum, в итоге за последние семь дней показал заметную нисходящую коррекцию, потеряв 25,5% своей стоимости и упав до 25,85 долл. На момент Merge ETC стоил […]

2022-9-22 15:33


Фото:

Pro discusses semiconductor stocks outlook post Ethereum Merge

Ethereum (ETH/USD), successfully hit the Merge earlier Thursday to mark one of the biggest events in crypto history since the launch of Bitcoin over a decade ago. The switch from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) network mechanism comes with multiple benefits for the Ethereum network (Invezz analyst Dan Ashmore gives a great […] The post Pro discusses semiconductor stocks outlook post Ethereum Merge appeared first on Invezz.

2022-9-16 22:16


В сети Ethereum активировано долгожданное обновление The Merge (Ethereum 2.0)

Сегодня, в 9:45 по Москве, произошло историческое событие, которого криптосообщество ждало почти пять лет. Разработчики активировали масштабное обновление The Merge в основной сети Ethereum. Блокчейн крупнейшего альткоина был успешно переведен на алгоритм консенсуса Proof-of-Stake (PoS).

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