Given the situation, crypto experts say that is imperative for crypto exchanges to build trust for their users. A simple but effective way for exchanges to build trust amongst their users is for exchanges to declare 'proof of reserves' publicly. Proof-of-reserves is a way to allow customers to monitor the balances of an exchange.
Ethereum 'Merge': Under PoW, by solving complex mathematical calculations, a miner adds a block to the blockchain but under PoS a user requires 32 ETH to be staked to become a validator. Ethereum now has completely shifted from PoW to PoS.
Ethereum 'Merge': Under PoW, by solving complex mathematical calculations, a miner adds a block to the blockchain but under PoS a user requires 32 ETH to be staked to become a validator. Ethereum now has completely shifted from PoW to PoS.
The Ethereum network is expected to shift from a proof-of-work to a proof-of-stake model by September 15, and the implications for such a change are many.