Mining on the blockchain is a notorious energy hog and bad for the environment. Ethereum is on the verge of a big change aimed at substantially reducing its carbon footprint. After seven years of using the traditional proof-of-work mining technique, Ethereum is switching to the more efficient proof-of-stake method that is expected to reduce energy consumption by 99.5 percent. That change, known as The Merge, is scheduled to take place September 14. The Merge will see Ethereum’s proof-of-work blockchain fused with the proof-of-stake Beacon Chain, which launched in December 2020 but has yet to process its first transaction. Continue reading Ethereum’s Proof-of-Stake Method Will Reduce Energy Use

A CES 2022 session on “Decoding Crypto,” moderated by Transform Group founder and chief executive officer Michael Terpin, touched on the growth and evolution of cryptocurrency as well as regulatory issues and recent developments. Terpin enthused over the sector’s dramatic growth, while panelists Blockchain Association founding executive director Kristin Smith, Celsius Network chief growth and product officer Tushar Nadkarni and Filecoin Foundation founding director Clara Tsao had their own yardsticks to analyze crypto’s evolution. Continue reading CES: Decoding the Regulatory, Technical Aspects of Crypto