15/09/2022
Historic day for the crypto world. will go from working with a Proof of Work ( ) system to a Proof of Stake ( ) system.
This event is known internationally as , a name given to block 15537393 of the Ethereum protocol when the long-awaited merger of a new blockchain with the historic protocol chain took place today. The event kept cryptocurrency enthusiasts around the world on edge, as it is generally a radical change in the way one of the most relevant portions of the crypto universe will operate.
It was then about the combination of the Ethereum blockchain with a new separate blockchain. The new system, known as proof-of-stake, reduces the energy consumption of the Ethereum blockchain by 99.9%, the developers say.
Investors are betting that the change will be significant for the price of , which has gained more than 50% since the end of June.
In the “proof of stake” system, owners of Ether will lock up set amounts of their crypto to verify new records on the blockchain, earning new coins on top of their “stake” crypto.
THIS SEEMS LIKE GREAT NEWS, BUT BEWARE! If a single entity were to accumulate the majority of the Ether staked to validate new transactions, it could disrupt the blockchain and steal tokens.
This is why your crypto assets must be kept safe, today more than ever. This is why you can now pre-order Icynote for , the revolution in crypto!
Join the future with !