Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on September 13, 2022, 11:16:38 AM
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Ethereum’s historic Merge may change the way its native token, ether (ETH), is used, according to Lex Sokolin, head economist of decentralized protocols at software company ConsenSys.
“A fairly large portion of people are going to be staking their ETH in the protocol to secure the protocol,” Sokolin told CoinDesk TV’s “First Mover,” on Monday. “Which in a sense, is going to inevitably turn at least some ETH into a store of value inside of the network.Ethereum is expected to transition from a proof-of-work (PoW) to a quicker and less energy consuming protocol known as proof-of-stake (PoS) in a matter of days. Source (https://cryptonews.net/12357233/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)