About 86 million ETH is held on non-exchange wallets containing enough Ether for staking on ETH 2.0, the Cointelegraph reported. As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto […]
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Tag: proof-of-work
ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon the proof-of-work consensus algorithm, leaving Ether (ETH) […]
Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog
As the CoinTelegraph announced, retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle […]