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Cryptocurrency News

Ethereum miner balance reaches four-year high weeks before the Merge

08/31/2022

Less than a minute

2022.08.31 16:14

The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS).

The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner’s balance has touched a new four-year high.

Source

08/31/2022

Less than a minute