Ethereum May Be Switching From Proof-Of-Work to Proof-Of-Stake in August

[ad_1] Ethereum, like Bitcoin, uses Proof-of-Work (PoW) on its system. Ethereum, which made known its intention to shift from a PoW to PoS (Proof-of-Stake) network for more than a year, is now going about finalizing this process. Shifting to PoS will likely help solidify Ethereum's stance as a leader in the crypto space. With plans and preparation going on for more than a year, it is expected that this transition process, called The

How Terra’s collapse will impact future stablecoin regulations

[ad_1] The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in general.UST’s success and stability were intertwined with its sibling, LUNA, which creates arbitrage opportunities that, in theory, should keep UST’s price steady. If UST’s price drops below $1, it can

Digital identity in the Metaverse will be represented by avatars with utility

[ad_1] The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted in a recent report from CB Insights, which found that the Metaverse will disrupt at least 13 leading industries including fashion, retail, gaming, education and more. While notable, various metaverse environments are