Altbekannte Marken rücken für Bitcoin wieder in den Fokus nachdem die Zugewinne von gestern nicht weiter ausgebaut werden können.
Ethereum Merge upgrade date will depend on Hashrate – Vitalik Buterin
Ethereum’s co-founder Vitalik Buterin in a tweet today hinted that the actual date of the Ethereum Merge would depend on hashrate.
Bordel.wtf had earlier predicted that the upgrade would take place on September 15 and although Ethereum Foundation and Ethereum co-founder Vitalik Buterin have not strongly asserted a date, September 15 seems to be the likely date based on the current hashrate which is at 879.2 TH/s.
According to Butterin’s tweet, the terminal total difficulty (TTD) has been set to 58750000000000000000000.
Once the TTD is reached, Ethereum Mainnet will merge with the Beacon Chain and transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism.
Fixed number of hashes remaining
According to Buterin, Ethereum mainnet PoW now has fixed hashes remaining to mine.
If the hasrate stays near the current hashrate 879.2 TH/s, the merge will happen by the anticipated date of September 15. However, if the hashrate changes, the Merge date will definitely change.
Ethereum Network currently requires to maintain an average hashrate of 872.2 TH/s to achieve the set TTD of 58750000000000000000000 BY September 15 at 04:44 UTC.
Goerli testnet Merge is already done
This week, developers successfully completed the Goerli testnet Merge and all eyes are now set on the upcoming Bellatrix and Paris upgrades which are tentatively scheduled for September 6 and September 15.
However, the Merge is expected to happen before the Bellatrix upgrade and before the end of September.
The crypto community is eagerly awaiting the Merge upgrade which is also expected to have a very significant effect on the price of ether (ETH).
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Ethereum-Merge früher als erwartet? Umstieg wird vier Tage vorgezogen
Nachdem die Krypto-Community lange auf den Merge von Ethereum warten musste, könnte der PoS-Umstieg wohl sogar etwas früher kommen, als erwartet.
Ballet Crypto CEO: Bitcoin doesn’t have to follow Ethereum on PoS
Ballet Crypto CEO Bobby Lee has added his voice to the many in the industry who say the pioneer PoW blockchain does not have to follow Ethereum’s path.
Bobby Lee, the CEO of Ballet Crypto, a US-based crypto storage app provider, believes Bitcoin (BTC) is fine just where it is in terms of its consensus mechanism.
Like most within the Bitcoin community, there is no need to contemplate an upgrade similar to what Ethereum (ETH) has pursued for several years now – the switch from a proof-of-work (PoW) to proof-of-stake (PoS) mechanism.
Lee’s comments were part of a broader outlook on Ethereum’s upcoming Merge set for September, and the overall bullish picture after that. He also touched on what the transition could mean for Bitcoin, the leading proof-of-work network.
The Ballet Crypto CEO, who says he is “very bullish” on crypto, shared these views with Bloomberg Television on Friday.
Bitcoin and Ethereum’s PoS switch
This week has seen Ethereum successfully activate the third of its testnets ahead of the ETH 2.0 transition via the “Merge”.
The event, slated for mid-September, has been coming since the launch of the Beacon Chain in 2020, with millions of Ether, the native token on the Ethereum network staked amid investor expectations of benefitting – not from mining, but as validators.
Amid this slow move towards the upgrade has been a call from some quarters for Bitcoin to also consider proof-of-stake, the main contention being the huge amounts of energy needed to run and secure the benchmark cryptocurrency’s network via mining.
According to the Ballet Crypto chief, attention could turn to Bitcoin if Ethereum ends up with a successful PoS network. But despite what might be a “fierce debate” on this, Lee thinks Ethereum and Bitcoin being different fundamentally means the two blockchains can go on to follow different consensus paths after the “merge.”
“Fundamentally Bitcoin and Ethereum are different even though they’re routinely lumped into the same bucket as decentralized cryptocurrency. But the reality is that they’re quite different, because Bitcoin is more about money as an underlying asset class whereas Ethereum is more about a global computation system – like a global internet computer system,” Lee told Bloomberg.
In his opinion, Bitcoin will remain a store of value and used as money, while Ethereum is set to continue running smart contracts and enable things like DeFi and NFTs and many more applications and tokens.
“And for that matter it’s not that it’s not critical that Bitcoin has to follow Ethereum for its consensus mechanism. They can be different. And right now they’re going in different directions” he added.
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EWT price prediction as Energy Web Token jumps
The EWT price jumped sharply on Friday as demand for the coin rose. The Energy Web Token rose to a high of $4.56, which was the highest level since May this year. It has risen by more than 85% from the lowest level this year, giving it a market cap of over $170 million.
What is Energy Web Token?
The world is facing an urgent need to solve the ongoing climate crisis. One way this is happening is through vast investments in electric vehicles and the overall switch to clean energy,
Energy Web is an organization that is seeking to have an impact in the sector. It builds operating systems for energy grids with the goal of powering the zero-carbon economy.
In the past few years, the company has deployed its operating systems for energy grids in more than 100 energy participants. For example, in Australia, it runs Energy Demand and Generation Exchange (EDGE). The product helps the company deploy Distributed Energy Resource (DERs).
Energy Web has also developed EW Zero, an ope source tool for purchasing renewables and carbon removal. Further, it has built an e-mobility dashboard for Elia Group that helps to exchange data from EVs, charging stations, and grid operators.
In total, Energy Web has over 50 projects in 25 countries. Some of the top companies that use its solution are Protocol Labs, Google, Volkswagen, and Filecoin.
EWT is the native token for Energy Web platform. It is used by participants in the ecosystem to provide utility. The EWT price jumped sharply after the company was mentioned by Blackrock, the biggest asset manager in the world with over $10 trillion in assets. The company said:
“BlackRock is encouraged that organizations such as RMI and Energy Web are developing programs to bring greater transparency to sustainable energy usage in bitcoin mining, and will follow progress around those initiatives.”
EWT price prediction
The four-hour chart shows that the EWT price found a strong support at $2.13 this year. It struggled to move below the level several times this week. The coin has managed to move above the 25-day and 50-day moving averages while the MACD has moved slightly above the neutral point.
Therefore, the Energy Web Token will likely resume the downward trend as the Blackrock hype fades. If this happens, the next key support to watch will be at $2.70, which was the highest point on July 21st.
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