Ethereum (53)

As the world moves to decentralized finance (DeFi), more people are utilizing the Ethereum network, making Ethereum's gas fees a topic of discussion in the Web3 space. The utility of Ethereum's ecosystem has resulted in higher gas fees and increased congestion on the network.

Misconceptions around “The Merge” — Ethereum’s network switch from energy-intensive proof-of-work to environmentally friendly proof-of-stake — are rampant. From social media to mainstream media, there

Staking has become a new buzzword in the crypto space recently. Although this concept has long existed since the introduction of Proof-of-Stake (PoS) consensus, it didn’t come into the public’s focus

When Vitalik Buterin built Ethereum , he wanted to push the boundaries of blockchain technology. Bitcoin inspired him, but he felt the tech should do more than just process transactions. As a result, he built the Ethereum blockchain network. Ethereum has all the features of Bitcoin. It can process peer-to-peer transactions and store them in an immutable and decentralized way. It can also do certain things that Bitcoin can’t. For example, it can run smart contracts.

One of the primary aspects of any blockchain is its consensus algorithm or consensus mechanism. This is simply a name for the system used to achieve agreement among participants regarding the network's state. As you know, in decentralized networks, there’s no central authority. As a result, any decision needs to be made by the community through a voting process. The cryptocurrency industry initially had the Proof of Work (PoW) algorithm, which launched with Bitcoin. Later, it developed a different approach called Proof of Stake (PoS). However, PoS also got modified in time.