Ethereum nears greener proof-of-stake validation method for mining
A test network, called Ropsten Ethereum, that’s been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto’s transformation.Since the beginning of 2022, the second largest digital currency has sunk 47%, while it fell 28% in May alone.
Ethereum is counting down to its shift away from energy-intensive proof-of-work validation to proof-of-stake.A test network, called Ropsten Ethereum, that’s been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto’s transformation.Ethereum’s switch to proof-of-stake should give the crypto a boost, according to analysts, as the soon-to-be faster, cheaper and more secure network can surely only be bullish.
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