âEthereum Improvement Proposal 3675â for the Eth2 merge launches on GitHub The coming Eth2 proof-of-stake chain merge now has an Ethereum Improvement Proposal. 9450 Total views News
A formal Ethereum Improvement Proposal (EIP) has been created for the networkâs forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated proof-of-stake (PoS) transition.
On Thursday, ConsenSys researcher Mikhail Kalinin created a pull-request for EIP-3675 on GitHub, formalizing the chain merge as an improvement proposal for the first time. The EIP has also been slated for discussion during Fridayâs Ethereum Core Devs Meeting by developer Tim Beiko.
Hard to overstate how valuable s @mkalinin2 s work on The Merge has been, and it s finally being formalized in an EIP https://t.co/pNRerXFxVfâ Tim Beiko | timbeiko.eth (@TimBeiko) July 22, 2021
Sign Of Major Adoption? Teenager Asks His Stake Pool Operator Father For Weekly Allowance In Cardano
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Sign Of Major Adoption? Teenager Asks His Stake Pool Operator Father For Weekly Allowance In Cardano
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Crypto-focused Swiss bank Sygnum Bank hannounced that it has become the first bank in the world to allow its clients to stake Ether (ETH).
According to Tuesday s blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to 7% annually.
Sygnum describes itself as the “world’s first digital asset bank,” having secured a banking license in Switzerland and a capital markets services license in Singapore during August 2019 and October 2019, respectively.
The firm asserts that “the vast majority of decentralized products and services run on Ethereum,” noting the decentralized finance (DeFi) sector’s total value locked (TVL) has grown by more than three times since the start of 2021: