ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023

Hong Kong crypto firms seeing interest from Chinese banks: Report

March 27, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

    March 27, 2023

    XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

    March 26, 2023

    Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

    March 26, 2023

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    March 26, 2023

    How does the economy work?

    March 26, 2023

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    March 26, 2023

    Euler Finance exploiter returns over 58,000 stolen Ether

    March 25, 2023

    Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

    March 24, 2023

    Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

    March 24, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

    March 25, 2023

    Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

    March 25, 2023

    Arbitrum Discord hacker shares phishing announcement amid airdrop hype

    March 25, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

    March 27, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    ⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)

    March 27, 2023

    Bitcoin $50k SOON (Why $1T is Coming to Crypto ASAP)

    March 26, 2023

    More Bank Runs Coming!? Which Ones Are At Risk!?

    March 26, 2023

    New *Leaked Email* Reveals Amazon’s SECRET Crypto Plan..😳

    March 26, 2023

    🔴 US Economy is headed for a "DISASTER of EPIC Proportion"! 🔴

    March 24, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.650% 24H
    BITCOIN
    24H : 0.650%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.29% 24H
    ETHEREUM
    24H : -0.29%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.42% 24H
    TETHER
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.580% 24H
    BNB
    24H : 0.580%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.48% 24H
    USD COIN
    24H : -0.48%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.26% 24H
    XRP
    24H : -0.26%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.00% 24H
    CARDANO
    24H : -2.00%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.42% 24H
    LIDO STAKED ETHER
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.650% 24H
    BITCOIN
    24H : 0.650%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.29% 24H
    ETHEREUM
    24H : -0.29%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.42% 24H
    TETHER
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.580% 24H
    BNB
    24H : 0.580%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.48% 24H
    USD COIN
    24H : -0.48%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.26% 24H
    XRP
    24H : -0.26%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.00% 24H
    CARDANO
    24H : -2.00%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.42% 24H
    LIDO STAKED ETHER
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Ethereum difficulty bomb delayed but network adoption still growing
Ethereum

Ethereum difficulty bomb delayed but network adoption still growing

Coin TelegraphBy Coin TelegraphJuly 5, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum network developers have decided to delay the difficulty bomb, a major step leading up to the highly anticipated Merge upgrade for the layer-1 blockchain.

They set the delay to two months in order to “be sure that we sanity check all the numbers before selecting an exact delay and deployment time,” according to core developer Tim Beiko in a Sunday tweet.

In short, we agreed to the bomb delay. We were already over time, and want to be sure that we sanity check all the numbers before selecting an exact delay and deployment time, but we are aiming for a ~2 month delay, and for the upgrade to go live late June.

— Tim Beiko | timbeiko.eth (@TimBeiko) June 10, 2022

The difficulty bomb will be a measure to disincentivize Ether (ETH) mining operations from keeping their physical mining devices running as the network transitions from proof-of-work (PoW) to proof-of-stake (PoS).

It dramatically increases the difficulty for miners to verify transactions on the network, thus reducing profitability for PoW miners. Eventually, it will become impossible for physical miners to validate a block. The difficulty bomb is a feature of the network added to the code in 2016 as plans for the Merge to become the Consensus Layer (formerly known as Eth2) were being formed.

Transitioning to PoS should reduce the Ethereum network’s energy demands by up to 99.9%, according to some estimates. Other PoS networks such as Polygon and Fantom Opera boast negligible power demands compared to other PoW networks.

Although Beiko does not mention it, delaying the difficulty bomb could lead to further delays for the Merge itself, which is expected to take place in August 2022.

The Ropsten testnet on Ethereum recently completed its own successful merge to PoS on Friday, which developers referred to as the “first dress rehearsal” for the real merge.

Ethereum adoption still growing

Despite the ongoing bearish sentiments in the crypto markets, the Ethereum user base remains strong. Daily transactions on the network have stayed above one million except for one day since December 2020. Measuring daily transactions gives a simple and concise look into the general load the network handles.

Daily transactions on Ethereum since 2015

The number of unique addresses is still on a steep increase every month. There has not been a slow down in the number of new unique wallets since it first spiked up in December 2017. There are now about 198 million unique wallets on Ethereum, a 14.5-time increase since December 7, 2017.

Related: Ethereum price enters ‘oversold’ zone for the first time since November 2018

ETH price is down along with the most other cryptocurrencies over the past 24 hours by 6.8%, trading at $1,360, according to CoinGecko.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

March 26, 2023

Euler Finance exploiter returns over 58,000 stolen Ether

March 25, 2023

Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

March 24, 2023

Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

March 24, 2023

Arbitrum airdrop sells-off at listing, but traders remain bullish on ARB

March 23, 2023

Banks and the Fed have a problem — What about crypto?

March 23, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023

Hong Kong crypto firms seeing interest from Chinese banks: Report

March 27, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.