Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Ethereum’s network upgrade reduces energy consumption by 99%

Published

on

After years of anticipation, the cryptocurrency ethereum finally implemented a major network upgrade that completely changes how the blockchain verifies transactions.

Called proof-of-stake, this new system has reduced ethereum’s energy consumption by more than 99%.

This is HUGE news for the cryptocurrency industry which has been struggling with high levels of energy usage. Energy usage has been one of the industry’s biggest targets for critique but it’s not likely that bitcoin will follow suit. Instead, the bitcoin network is sticking with a system called proof-of-work, in which highly specialized computers try to guess a winning number that serves to validate transactions and create new coins. This is what’s known as mining.

What is Proof-of-Stake?

Proof-of-stake is an algorithm that rewards users based on how many coins they hold or “stake” in the network. The more coins you stake, the more you stand to gain (or lose) if the network experiences a fork (a split into two different versions). Under proof-of-work, miners are rewarded for expending large amounts of computing power to validate transactions and mint new coins. By switching to proof-of-stake, ethereum hopes to reduce its enormous energy consumption and make itself more accessible to users who don’t have access to expensive mining hardware.

What does this mean for the future of cryptocurrency? Only time will tell but this seems like a really promising start! Stay tuned for more updates.

Ethereum’s Network Upgrade Reduces Energy Consumption by 99% in a move that could potentially save the cryptocurrency industry. This comes as good news as energy usage has been one of the biggest targets for critique when it comes to cryptocurrencies.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

Nvidia surpasses Microsoft as the most valuable company in the world

Published

on

Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

Continue Reading

Money

Finance expert empowers his social audience with accessible wealth tips

Published

on

The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

Continue Reading

Money

It takes a village: coordinated financial teams prove paramount to maximising wealth

Published

on

The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

Continue Reading

Trending Now