What happens to miners? And their hardware? Is a hard fork on the horizon? Will Ethereum Classic benefit? — Ethereum miners are facing an abrupt change in coming months as the blockchain shifts from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism. As the blockchain shifts from PoW, which involves miners solving complex cryptographic puzzles that require extensive computational power, to PoS, where users…

Gas fees are fees that users will pay in order to make transactions on the blockchain — Gas fee prices can be volatile, determined by the time it takes to generate new blocks, the amount of transactions that a single block can process, and the overall demand for transactions to be made at a given time. Gas Fees Are Charged by Miners to Complete Transactions on the Blockchain Gas fees, rather than referring to oil prices, are the fees…

GHO is an upcoming stablecoin proposed by the DeFi protocol Aave — The proposal is that GHO will be over-collateralized by a diverse set of crypto assets at users’ discretion. It will also provide an additional revenue stream for AaveDAO. GHO Stablecoin Will Be Over-Collateralized by a Diverse Set of Crypto Assets Chosen at Users’ Discretion GHO is an upcoming stablecoin proposed by the DeFi protocol Aave, which will be over-collateralized by a diverse set of crypto assets…

NFTs Representing Ownership of Property in the Metaverse Virtual real estate is digital property (such as land, a house, an apartment, etc.) in the metaverse, or the virtual world. …

The recent decline in commodity prices has provided a rare respite for central banks trying to rein in high inflation. But are the energy and food crises afflicting the world actually easing? — Amid a backdrop of slowing global growth as central banks act ever-more aggressively to rein in high inflation, the recent decline in commodity prices that has begun to ease the global cost-of-living crisis has been a rare bright spot.

Bitcoin Halving is a phenomenon through which the pace of minting new Bitcoins or the block rewards earned by the miners decline by 50% — Bitcoin halving happens after every 210K blocks are mined (i.e. roughly every four years). It ensures a steady and predictable decline in supply of newly minted Bitcoins. Out of the 21 million total capped supply of Bitcoin, ~one million were mined by Satoshi Nakamoto in 2009. Currently, ~90% of the…

NFTs are unique digital assets that are stored on the blockchain and powered by smart contracts, enabling others to track the ownership and the transaction history — NFTs: Unique Digital Assets Stored on Blockchains and Powered by Smart Contracts NFTs are unique digital assets that are stored on the blockchain and powered by smart contracts, enabling others to track the ownership and the transaction history. With that said, smart contracts are pieces of code that run on the blockchain and they handle the transferability of the NFT.

With the eyes of the world focused on whether Russian gas supplies through the Nord Stream 1 (NS1) pipeline will return as its maintenance ends this Thursday (Jul 21st), let’s go over the most frequently asked questions we’re asking ourselves on this subject over the past two weeks. Energy experts…

Short-term calculations in populist quarters led to the collapse of the majority underpinning Draghi’s government. — The concerns about Lega’s ambivalence proved well founded as Lega eventually set conditions that Draghi would not accept. Following Draghi’s resignation, elections will be held by mid-October at the latest. A political crisis initiated last week by M5S leader was eventually brought to an end by Lega’s leader Salvini, in…