Tag: crypto price

Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools
Technology

Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools

[ad_1] After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project. After much celebration over the successful transition of Ethereum, the question remains what's next for the most commercially-significant crypto project. The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network. There was no changes related to network transaction costs or speed, which are common gripes among Ethereum users.Completing the upgrade without any software downtime is a brilliant engineering feat, said Harsh Rajat, the Mumbai-ba...
Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event
Technology

Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3% on Friday and was trading around $1,475 as of 8:33 a.m. in Tokyo following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a cataly...