On this week’s show, host Juliet Lima talks about Ethereum’s migration to Proof-of-Stake, initially slated for a 2020 release, but now seems to be destined for a summer 2022 release.
Tim Beiko, an Ethereum developer, tweeted that the release of Ethereum 2.0 would be coming “a few months after” June, adding that Ethereum’s Proof-of-Work days are numbered.
A crucial question for Ethereum holders will be whether the upgrade will address high transaction costs and the slow transaction speed. The primary purpose of the upgrade was to migrate the transaction validation method from proof-of-work, where “miners” secure the network by solving complex puzzles, a computationally intensive process, to proof-of-stake, where people stake coins on the blockchain in the hope of being selected to validate a transaction. The end goal is to reduce the energy consumed by the Ethereum blockchain by an estimated 99.95%. Users with staked coins will have a say in the network’s security.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...