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On 15 September 2022, the world's second largest cryptocurrency at that time, Ethereum, transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an upgrade process known as "the Merge". According to the Ethereum Founder, the upgrade would cut both Ethereum's energy use and carbon-dioxide emissions by 99.9%. [28]
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.
ERC stands for "Ethereum Request for Comments," and is a part of the Ethereum community's peer-review process in which new proposals are considered for publication; the "721" is a unique identifier, each proposal is assigned one arbitrarily after an editor approves it in the draft phase.
Ethereum: ETH, Ξ Vitalik Buterin [50] Ethash [51] C++, Go [52] PoW, PoS: Supports Turing-complete smart contracts. 2015 Ethereum Classic: ETC EtcHash/Thanos [53] PoW: An alternative version of Ethereum [54] whose blockchain does not include the DAO hard fork. [55] Supports Turing-complete smart contracts. 2015 Nano: XNO, ΣΎ Colin LeMahieu ...
Notable For Dummies books include: DOS For Dummies, the first, published in 1991, whose first printing was just 7,500 copies [4] [5] Windows for Dummies, asserted to be the best-selling computer book of all time, with more than 15 million sold [4] L'Histoire de France Pour Les Nuls, the top-selling non-English For Dummies title, with more than ...
The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain. [2] The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic. [2] Ethereum Classic's native Ether token is a cryptocurrency traded on digital currency exchanges under the currency code ETC. [3]
Another DeFi protocol is Uniswap, which is a decentralized exchange (DEX) set up to trade tokens issued on Ethereum. Rather than using a centralized exchange to fill orders, Uniswap pays users to form liquidity pools in exchange for a percentage of the fees collected from traders swapping tokens in and out of the liquidity pools.
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