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Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto

CNBC Tech LogoCNBC Tech3 mo ago

Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto

Quick Summary

Ethereum is moving closer to adopting a proof-of-stake model for its network, which is less energy intensive than the existing proof-of-stake method.

Ethereum has been working to shift to a new model for securing the network called proof of stake.

Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that's been billed as one of the most important events in the history of crypto.


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News Analysis

Author / Journalist: https://www.facebook.com/CNBC

Category: Technology

Topics: Source:tagname:CNBC US Source Bitcoin Bitcoin/USD Coinbase FinTech Crypto Ether/USD Energy Technology Cnbc Cryptocurrency Articles

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: cnbc.com

Readership Location: United States

Published Date: 2022-08-11, 03:29:21

News Timezone: GMT +8:00

Language: English

Original Article Length: 902 words

Reading Duration: 6 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1537065

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Name: CNBC Tech

Main Topics: Technology

Official Website: cnbc.com

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