Ethereum Current Affairs, GK & News

“The Merge” of the Ethereum

Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that changes how new crypto transactions take place on the blockchain. The Ethereum Merge is the joining of the Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. ..

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Norway’s central bank digital currency

Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which is accessible on GitHub, was created to provide user interface (UI) for engaging with the ..

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Turkey bans Crypto Currency payments

The Bitcoin currency tumbled more than 4% after the Central Bank of Turkey banned the use of Crypto currencies and crypto assets for purchases. The bank cited possible irreparable damages and transaction risks as the reason for the ban. The ban followed actions of Morocco in banning the currency and is expected to be implemented ..

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What is Ethereum 2.0?

The Ethereum is a crypto currency. Recently, it was launched in a faster, cheaper and more environmentally friendly platform, as the upgraded version called ‘Ethereum 2.0’. What is Ethereum? Ethereum is a decentralised and open source blockchain platform, which is a growing list of cryptographic blocks. Ether (ETH) is the cryptocurrency token of the Ethereum ..

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What is Facebook’s Cryptocurrency ‘Libra’?

After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a Roman unit of weight measure. Name is also tries to invoke a sense of financial ..

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IMF and World Bank unveiled Learning Coin For In-House Purposes

International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called ‘Learning Coin’ accessible within the IMF and World Bank the main purpose to teach relevant individuals within the organizations about blockchain. Though the coin has no real value hence the description pseudo-token staff members ..

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