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Showing posts from September, 2022

The Ethereum Merge: The Biggest Upgrade In Ethereum's History Is Here

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        The Merge is the most significant upgrade in Ethereum's history. It is probably that is everywhere on the internet. So what is this upgrade, when does it take place and how will it affect the future of Ethereum? All the answers will be sourced for in this article.      So anyways, what is the Merge? Simply put, it is defined as the transition of Ethereum from proof-of-work mechanism to proof-of-stake mechanism. In other words, it is the bonding of the existing execution layer of Ethereum (the Mainnet) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. The Merge is a bold step in fulfilling Ethereum's mission- more scalability, security and sustainability. Initially, the Beacon Chain came separate from the mainnet. Ethereum Mainnet which containes all the accounts, balances, smart contracts, transaction and blockchain state is still g...

The Internet Gold and The Evolution of Money: Part 3

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              Hello everyone. This is the final phase of the article on bitcoin. So far we have learnt alot about bitcoin and we can all come to agree that this digital invention has bred newer grounds in technology. It has also given rise to the other altcoins we have like Etherum(ETH), Cardano(ADA), Ripple(XRP) and much more. We also now have more of digital ownership; all of which will be discussed in future articles. but today we want to focus on a major concept in bitcoin and also focus on the future of this digital innovation. So let's head right into it. Bitcoin as Digital Energy       Bitcoin is digital energy. It sounds crazy right but it's true and we will prove it to you. Now bitcoin is widely known for solving the double-spend problem and the problem of centralized transactions. If it is examined more critically, solving the double spend problem is like solving the problem of conservation of energy.  So let us make this ...