The ethereum system, initially designed to serve electronic commerce, has grown a lot. This growth was not supported by the initial system, being changed so that, in several steps, it becomes ethereum 2.0!
With great expectations, today, the 5th, the ethereum system took an important step of success: the london update was completed.
In this way, the mining system, next step of the big update, will pass to participation proof.
This new way of mining will firstly dump all current ASCIS and all GPU based mines.
However, it will reduce energy consumption, will be fairer and safer in terms of redistributing mine hashing, and will provide greater speed and lower cost of network fees.
For the end user, greater stability, lower rates and greater transaction speed.
conclusion: meteoric rise from yesterday to today on Ether and its derivatives.
It was the first time that ethereum stopped the fall of bitcoin.
In fact, the cryptocurrency system benefited from the increase in the price of commodities and the ethereum, causing the trading volume to increase absurdly.
This dispelled doubts about Chinese regulation and about the Fed's news about cryptocurrencies and its American overregulation.
The ethereum transformation opens new perspectives on the energy expenditure relationship and the future of trading platforms.
This stage was surrounded by unknowns as to whether it would be able to be disseminated through the network without instability and if there would be no losses in investors' accounts.
There are still many steps to go, but this update reflects the maturity of the system that is most used to make tokens and DefI based on smart contracts!
The polygon, at some point, will have to do the same....only time will tell!
Bitcoin will likely need to do some scalability upgrade.
The proof of participation is an innovation that allows a reduction of almost 40% in energy costs and increases mine efficiency by 20%.
This new era will define what will survive and what will be buried in the cryptocurrencies!
Ethereum......the new digital commerce security of the future!
Another links about:
