• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Ethereum announces the “consolidation” proposal with Ethereum two.

192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The ETH group has published a proposal to merge the present model of the Ethereum (Eth1) blockchain with Ethereum two. (Eth2).

Ethereum announces the “consolidation” proposal with Ethereum two.

Ethereum Improvement Proposal (EIP) variety 3675 has been officially developed, a prelude to the merger of the present Ethereum blockchain with the approaching Ethereum two.. EIP-3675 will carry Ethereum closer to its target of reaching the transition to Proof-of-Stake (PoS) consensus.

Related articles

Binance announces the delisting of TORN, BTS, PERL and WTC

Binance announces the delisting of TORN, BTS, PERL and WTC

November 27, 2023
Atom approves proposal to reduce inflation rate to 10%

Atom approves proposal to minimize inflation fee to ten%

November 26, 2023

On July 22, ConsenSys researcher Mikhail Kalinin developed a “pull request” for EIP-3675 on Github, formalizing blockchain consolidation for the 1st time as a proposal for improvement. This EIP is also anticipated to be talked about in the course of the “Ethereum Developers Meeting” held by programmer Tim Beiko on July 23rd.

This proposal would merge the two the Ethereum and Eth2 blockchains and eliminate the Proof-of-Work (PoW) consensus mechanism from the network. It also lets stakers to validate transactions.

Mikhail Kalinin mentioned that the program has not professional “failures or problems detected” given that Eth2 launched the chain signal in December 2020. Also extra:

“The long period of error-free operation demonstrates the sustainability of the chain’s beacon system and sees its willingness to start pushing and becoming a security provider for Ethereum Mainnet.”

Despite EIP-3675 remaining announced, numerous prominent figures in the Ethereum neighborhood, which includes founder Vitalik Buterin, think it is really unlikely that a chain merger will come about in 2021, which could be essential. .

Since its launch in December 2020, Eth2 has emerged as the greatest PoS network stationing USD capitalization with up to $ twelve.seven billion well worth of Ether (ETH) locked in staking. Even so, this quantity of ETH is nonetheless significantly less than six% of Ethereum’s complete circulating provide.

Statistics of the greatest staking networks, in accordance to Staking Rewards

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us talk about the scorching subjects of the DeFi industry with the Coinlive administrators !!!

Maybe you are interested:

.

Tags: announcesCoin NewsconsolidationEthereumproposal
Share77Tweet48

Related Posts

SEI Price Surges Amid Rising Buy Volumes and Technical Signals

by shark
June 26, 2025
0

SEI experiences a significant price rally, driven by record trading volumes and technical indicators.

Nasdaq-100 Reaches Record High Amid Tech Stock Surge

by shark
June 26, 2025
0

Global risk appetite rises as Nasdaq-100 hits a new record, driven by large-cap tech stocks.

Arizona Legislature Advances Bitcoin Reserve Through Seized Crypto

by shark
June 26, 2025
0

Arizona has proposed a bill to establish a state Bitcoin reserve using digital assets seized from criminal investigations, awaiting the...

Tether Acquires Stake in Juventus Football Club

by shark
June 26, 2025
0

Tether becomes second-largest shareholder of Juventus with a 10.7% stake, valued at €128 million.

Chainlink, Mastercard Enable Crypto Purchases for 3 Billion Users

by shark
June 26, 2025
0

Chainlink partners with Mastercard to offer decentralized crypto access to 3 billion cardholders, integrating blockchain and DeFi for seamless transactions.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • SEI Price Surges Amid Rising Buy Volumes and Technical Signals
  • Nasdaq-100 Reaches Record High Amid Tech Stock Surge
  • Best Meme Coins to Buy for 2025: Arctic Pablo, Shiba Inu & Dogecoin Explode
  • Arizona Legislature Advances Bitcoin Reserve Through Seized Crypto
  • Bonk Price Prediction: BONK Sets Sights on $0.00001389 as Troller Cat Secures 13x Gains at $0.00003684
  • Tether Acquires Stake in Juventus Football Club
  • Arctic Pablo Coin, Moo Deng, Turbo – Best Crypto to Buy Today
  • Chainlink, Mastercard Enable Crypto Purchases for 3 Billion Users
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7