Ethereum, the second-largest blockchain by market cap, is about to undergo a massive transformation known to the crypto community as “the Merge.”
It’s a long-awaited systemwide upgrade that experts say will reduce the blockchain’s energy consumption by about 99% by switching its transaction verification system away from “proof-of-work,” which relies on crypto “miners” using massive amounts of computing power to validate transactions.
After the Merge, Ethereum will use a “proof-of-stake” system that instead uses an algorithmic lottery to determine who gets to validate transactions (and win tokens as a reward for doing so) out of a pool of “stakers” who temporarily deposit their coins to help secure the network.
Crypto’s environmental impact has long been a point regulators and the public count against it — a single Ethereum transaction, for example, consumes about as much energy as an average U.S. household does during a full workweek, Fortune reported last year. That’s part of why...
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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...