Home Ethereum Justin Solar Backs Ethereum Onerous Fork as Merge Approaches – CoinDesk

Justin Solar Backs Ethereum Onerous Fork as Merge Approaches – CoinDesk

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Builders say the transfer away from a proof-of-work (PoW) system will make the community less expensive, quicker and environmentally pleasant. It is going to additionally imply the top of an earnings stream for Ethereum miners, who’re rewarded with ether (ETH) tokens for supplying assets to the blockchain. Miners produced over $620 million price of ether in July alone, data show, making The Merge akin to a dying knell for a major chunk of money.

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