Friday, October 7

cryptocurrency

cryptocurrency

Will Mining Die With Ethereum 2.0?

The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, Ether  will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. Where Will Ethereum Miners Go From Here? The Ethereum mining industry has flourished and thrived just like the Ethereum network. It is worth $19 billion, according to an estimate by crypto research group Messari. After switching to a proof-of-stake model, the mining machinery won’t be required as Ethereum 2.0 will rely solely on the staking of Ether to validate the transactions and secure the chain. Miners have a few options. Either they can start Altcoins  with modified mining rigs, ...
Govt may not take up cryptocurrency Bill in ongoing Parliament session
cryptocurrency, Political News

Govt may not take up cryptocurrency Bill in ongoing Parliament session

By Administrator_India Capital Sands The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in this session A Union Cabinet meeting on Wednesday did not discuss a Bill regulating cryptocurrencies, which means that Parliament’s Winter Session ending on December 23 is unlikely to take up the legislation. The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in this session. While the written listing had said that the Bill would prohibit all private cryptocurrencies in India, it was later clarified that the descriptor had been carried over from the listing of the Budget Session of Parliament. The Bill had not been introduced then and was not listed ...