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Headlines: Ethereum Rises as Merge Approaches
Ethereum is continuing to rise in 2023. The cryptocurrency has gained about 50% since the beginning of the year and is currently trading above $2,500.
There are a few reasons for Ethereum's rise. First, the upcoming Merge event. The Merge will transition Ethereum from its current Proof-of-Work consensus mechanism to a Proof-of-Stake mechanism. This will make Ethereum more efficient and scalable. Second, increasing institutional interest. Large companies and investors are increasingly embracing Ethereum as an investment vehicle and platform.
However, there are also some risks to Ethereum's rise. Cryptocurrencies are more volatile than traditional financial markets. This means that prices can rise or fall quickly. Also, the Merge event could cause some disruptions to the Ethereum network.
Ethereum's rise shows that the cryptocurrency market is gaining wider acceptance. However, investors should understand the risks before investing in Ethereum.#Ethereum. #cryptocurrency #blockchain! #merge #proofofstake
Ethereum is continuing to rise in 2023. The cryptocurrency has gained about 50% since the beginning of the year and is currently trading above $2,500.
There are a few reasons for Ethereum's rise. First, the upcoming Merge event. The Merge will transition Ethereum from its current Proof-of-Work consensus mechanism to a Proof-of-Stake mechanism. This will make Ethereum more efficient and scalable. Second, increasing institutional interest. Large companies and investors are increasingly embracing Ethereum as an investment vehicle and platform.
However, there are also some risks to Ethereum's rise. Cryptocurrencies are more volatile than traditional financial markets. This means that prices can rise or fall quickly. Also, the Merge event could cause some disruptions to the Ethereum network.
Ethereum's rise shows that the cryptocurrency market is gaining wider acceptance. However, investors should understand the risks before investing in Ethereum.#Ethereum. #cryptocurrency #blockchain! #merge #proofofstake
Blockchain COTI
The layer-1 blockchain COTI unveiled plans to become the "first privacy-preserving Ethereum layer-2," according to the team: "To better serve the needs of Web3 companies and consumers, COTI will become an Ethereum-compatible layer 2 that solves the challenges of scalability, liquidity and privacy. COTI V2 will use a specialized cryptographic technology known as Garbled Circuits, performing 10 times more efficiently than ZK (Zero-Knowledge) solutions. The devnet release of COTI V2 is scheduled for Q2 2024."#COTI #blockchainCOTI #blockchain!
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The Cosmos Hub network will hold a halving and reduce the inflation rate ATOM
The developers of the Cosmos Hub blockchain, which is part of the Cosmos Network, intend to carry out halving and reduce the inflation rate of the Cosmos cryptocurrency (ATOM). On November 26, voting for halving in the Cosmos Hub network ended. 41.1% of members of the crypto community supported this initiative, and 31.9% were against it. As a result, programmers will release an update that will “halve the reward” for adding blocks. After the update is implemented, the profitability of Cosmos staking will drop from 19% to 13.4%. Despite the decrease in revenue, almost all 180 validators will break even or even continue to earn profit. In addition, in order to cover their expenses, they will be able to increase the size of the commission for processing transactions. The magnitude of the reward for adding blocks depends on the number of blocked Cosmos and amounts to up to 20% of staking coins. Thus, validators who store 100,000 ATOM receive up to 20,000 coins within a year. The developers of Cosmos Hub believe that they are overpaying the network nodes and are accelerating the inflation rate too much, so experts proposed halving the reward and achieved the support of many users blockchain tree.#ATOM #blockchain! #CryptoLady #CryptoNews #Crypto2023
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Blockchain Life 2024 will take place in Dubai on October 22-23
It is expected that more than 8,000 people from 140 countries will meet at the forum - the founders of the largest companies, the most famous people in the industry and hundreds of young projects.
Participants will be able to hear opinions from leading experts about current trends in the market and ways to make money, participate in discussions, exchange experiences and find new opportunities for development in the field. You can purchase a ticket on the official website.
Bits.media acts as a media partner of the event and is not responsible for the accuracy of the content of the press release, as well as damages associated with its use.
#blockchain! #blockchain. #blockchains #BlockchainTechnology #Write2Earn
It is expected that more than 8,000 people from 140 countries will meet at the forum - the founders of the largest companies, the most famous people in the industry and hundreds of young projects.
Participants will be able to hear opinions from leading experts about current trends in the market and ways to make money, participate in discussions, exchange experiences and find new opportunities for development in the field. You can purchase a ticket on the official website.
Bits.media acts as a media partner of the event and is not responsible for the accuracy of the content of the press release, as well as damages associated with its use.
#blockchain! #blockchain. #blockchains #BlockchainTechnology #Write2Earn