Many crypto fans hope that it will turn things around for the crypto movement, which has been besieged in the past year by trillions of dollars in losses, a string of major scams and hacks and a new wave of regulatory scrutiny
Crypto could use a bit of good news these days. And on Wednesday, it got some.Ethereum, the most popular crypto platform, appears to have successfully upgraded its software architecture from a type of blockchain known as “proof of work,” which it has run since its inception in 2015, to a type of blockchain known as “proof of stake.”This upgrade, which came to be called, simply, “the Merge,” is already being heralded as a watershed moment in the history of crypto.
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