{"id":2644,"date":"2023-05-23T07:44:29","date_gmt":"2023-05-23T05:44:29","guid":{"rendered":"https:\/\/www.seqconsulting.be\/?p=2644"},"modified":"2023-05-23T07:48:58","modified_gmt":"2023-05-23T05:48:58","slug":"long-awaited-update","status":"publish","type":"post","link":"https:\/\/www.seqconsulting.be\/en\/2023\/05\/long-awaited-update\/","title":{"rendered":"Long-awaited update."},"content":{"rendered":"\n
The Shanghai launch of the new etheurum network last April marks a\ngreat turning point in the field of crypto-currencies. This update changes\nstaking and constitutes an unprecedented event in the evolution of the\nblockchain both in terms of its efficiency and its profitability. It is therefore \nthe shifting validation of ethereum transactions from proof of work to\nproof of stake. The first advantage was not long in coming. This passage will \nallow reduce electricity consumption by more than 99% across the network. In\nat the same time, this development will give advantages of gaining speed in the\ntransactions. In this series we relate the event as soon as the date of the\nApril 12 at the highly anticipated after launch.\n\nThe rise in the price of ether was not long in coming. As soon as the update is \nannounced Shanghai Capella, prices immediately shot up. For the first time since\nseven months Ether hit the 1900 USD mark. Cryptocurrency takes advantage of the\ninvestor confidence. It is now trading at 1911 USD. The more we\nnears the announcement date, investors get excited and the price goes up. These\nthe latter expect very significant changes.\n\nThis update of the Ethereum network will make crucial improvements to the\nplatform. First those who own ethers will have the possibility to withdraw the\nfunds deposited in staking, which gives great flexibility to validators and\nliquidity depositors. A second improvement concerns the security of\ntransactions. This shift to proof-of-stake provides greater security and\nmore efficient operation of the Ethereum network. And all of this comes with a\nsignificant reduction in energy consumption. The third improvement concerns\nincreasing the capacity to process more transactions. The transactions\ntherefore will be done even more quickly than they were before this passage.\n\nDespite some hesitation on the part of some investors, it is quite clear \nthat-thanks the definitive move to the proof-of-stake consensus mechanism and \nthe possibility holders of ethers to withdraw their funds in staking- Ethereum \nhits hard. He is positioned as a key player in the ecosystem of crypto-\ncurrencies and imposes its desire to be an undisputed and ethical alternative \nto the bitcoins.\n\nOn the other hand, some investors remain skeptical of this update. With\nonly $2.5 million entry into crypto investment products,\nsome investors are right to be concerned since the volumes recorded\nshow a decrease of 33% compared to the previous week. The reaction of\nbitcoin was also more favorable as it made an inflow of 8.8 million\nof dollars.\n\nFor investors who own ethers, this development allows them to\nprovide opportunities: it becomes easier to make staking investments, and\nto receive income from the validation of transactions. For the\ntimeline of this story, this opportunity starts in 2020 on the network\nethereum.\n\nWhen staking was developed during the testing phase on the network\nethereum designated as 2.0, it was then possible to make income around\nplus 10% annually. Ethers that are in staking today, before the\nupdate, are at 14%. This ethereum 2.0 network system has often discouraged\ninvestors because staking necessarily had to send in ethers\nin a specific smart contact but without any facility to leave its position.\n\nAll of these issues are going to be fixed with this Ethereum protocol update.\nnamed Shanghai. Ethereum engineers clarified that the feature\nmain feature of this update will be its ability to exit a position of\nstaking stuck on the protocol. And from there, it will be possible to draw one\nincome. Everyone undoubtedly thinks that Ethereum will be an attractive asset\nfor investors, because it is obvious that investors will be able to\nbenefit from this mechanism.\n\nMany have already bet that several if not all trading platforms will put\nset up opportunities for ether holders to stake\nautomatically. Staking is therefore a validation process undertaken by\nmany blockchain protocols. The process is as follows: to validate a\ntransaction on a blockchain and adding a block, it is necessary to solve a problem\ncryptographic. And the cryptographic solution is done as soon as the ethers are\nstored on trading platforms.<\/pre>\n","protected":false},"excerpt":{"rendered":"
The Shanghai launch of the new etheurum network last April marks a great turning point in the field of crypto-currencies. This update changes staking and constitutes an unprecedented event in the evolution of the blockchain both in terms of its efficiency and its profitability. It is therefore the shifting validation of ethereum transactions from proof […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-2644","post","type-post","status-publish","format-standard","hentry","category-info-en"],"acf":[],"yoast_head":"\nLong-awaited update. - SEQ Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.seqconsulting.be\/en\/2023\/05\/long-awaited-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-awaited update. - SEQ Consulting\" \/>\n<meta property=\"og:description\" content=\"The Shanghai launch of the new etheurum network last April marks a great turning point in the field of crypto-currencies. 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