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Ethereum Mining and PoS Activities Are ‘Prohibited’ Says Data Provider

As ethereum (ETH) Closes to Merger, Discussions on Its Transition Proof of Stake (PoS) networks seem to be growing. Many people have expressed concerns about the current concentration of validator nodes on Ethereum, arguing that the move to a PoS system would exacerbate the problem.

this led to the rise concern Among current cryptocurrency investors proof of work (PoW) systems may not be as secure as they should be, and a switch to PoS means that a single entity has a 51% chance of being able to attack the network.

For years, Ethereum’s switch to Proof of Stake was delayed. “We thought it would take a year to introduce POS, but it took about six years,” says Ethereum co-founder Vitalik Buterin said

according to Tweet Web Cloud co-founder Maggie Love said, “Ethereum cannot be decentralized if the stack is not decentralized.” She points to her 69% of nodes hosted on ETH her mainnet.

In anticipation of the upcoming merge, various platforms using the Ethereum blockchain have announced contingency plans.under PoS In the system, cryptocurrency investors stake a certain amount of cryptocurrency on a standard network rather than harnessing large amounts of electricity to generate more cryptocurrency.

ethereum merge stablecoin

Even if none of these issues arise, the future of stablecoins is a major challenge for decentralized finance (DeFi) sector.With centralized stablecoins dominating decentralized protocols, many DeFi The project is looking at algorithms stablecoinHowever, there are still potential regulations for stablecoins that could affect DeFi after the Ethereum merger.

of stablecoin The market is huge, with a market capitalization of over $100 billion, and its use on public blockchains like Ethereum is expanding significantly. DeFi operation. But as the Ethereum network approaches a merger, the stability of these assets becomes more important than ever.

The Ethereum merger scheduled for September 15th could affect the stability of digital assets that are pegged to real-world currencies.After switching from the current PoW consensus mechanism to PoS, most DeFi applications could be hosted on the Ethereum blockchain. Upcoming Ethereum forks prisoner of war A consensus system with PoS is expected to accelerate the development of Ethereum towards institutional investment.

Forbee[In]The latest in crypto Bitcoin (BTC) Analysis, click here.


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