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Category: Ethereum

The Merge: What’s Next For Ethereum (ETH) in 2023?

The Merge: What’s Next For Ethereum (ETH) in 2023?

Abstract: One of the most anticipated crypto occasions last year was the Ethereum Blockchain’s Merge. Completed on 15 September 2022, The Merge marked a significant step in the Ethereum blockchain’s transition to a proof-of-stake (PoS) consensus mechanism from proof-of-work (PoW). One of the positive effects of the shift was the decrease in Ethereum’s energy consumption. It is estimated that Ethereum’s energy consumption got reduced to a whopping 99.95%. Energy use for the Ethereum PoS blockchain […]

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Blockchain Nodes & Their Trades

Blockchain Nodes & Their Trades

Blockchain is becoming a mainstream adoption technology as it offers multiple benefits. Several organizations across industries such as finance, healthcare, food supply chain, logistics, energy, and entertainment almost everyone is waking up to the purposive use cases of blockchain and taking steps toward its adoption. This digitally distributed, open, and shared ledger is maintained on nodes. This article is all about Blockchain Nodes whose prime purpose is to enhance the security of the data, maintain the […]

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Breaking Down Ethereum & Scalability: Layer 2 (L2) Sidechains

Breaking Down Ethereum & Scalability: Layer 2 (L2) Sidechains

Ethereum is renowned for its programmability and is currently home for approximately 3000 DApps and 5000 smart contracts. Though this number calls for a big shout out, it could have been much more extensive. The dearth in blockchain such as scalability, cost and relaxed transactions are capping the DApps from choosing Ethereum. What next?? Thanks to the blockchain fanatics. Researchers in the domain have come up with various ideas to solve the scalability issue. Some straight suggestions are: changing the consensus mechanism, optimizing […]

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Ethereum 2.0: A Brief Encounter

Ethereum 2.0: A Brief Encounter

The Ethereum ecosystem is growing by leaps and bounds, thanks to surging popularity of DApps in areas like finance (decentralized finance, or DeFi apps), arts and collectibles (non-fungible tokens, or NFTs), gaming, and technology. The home to the world’s second-largest cryptocurrency, ether (ETH), Ethereum is the hottest platform in the world to allow individuals and companies to do much more than just money transfer between entities. Imagine that a skeleton is given to you and […]

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