The latest news bits from the Proof-of-Stake ecosystem are brought to you by Stakin
The blockchain space, as ever, is going through a tumultuous time. Now that Ethereum has merged from Proof-of-Work to Proof-of-Stake, many will look at the upcoming weeks as a vital time in the course of the blockchain ecosystem's future. So, we’d advise you to stay calm, keep your head cool and have fun! Many amazing events are yet to come for Ethereum and other blockchain networks. As we write this, our Protocol Wizards are preparing to fly to Colombia for the first Cosmoverse event! An incredible and exciting milestone; if your going to be there as well, don’t hesitate and reach out via Twitter or Discord. That said, here’s an overview of the most prominent events in the space over the last two weeks:
- Ethereum Merged
- Stakin Adds Razor Network and Zilliqa to the Stakin Dashboard
- The Stakin(g) Podcast Episode With Gravity Bridge is Live!
- Stakin’ Protocol Wizard Robert Del Rey Interviewed By Akash
- Tendermint’s New Application Blockchain Interface
- Cronos Accelerator Demo Day is Coming Up!
- Solana Foundation Released The Solana Energy Use Report
The Ethereum Merge
You probably haven't missed this if you’re active in blockchain. The Ethereum Merge took place on September 15, 2022. This officially deprecated proof-of-work and reduced energy consumption by 99.95%. The Merge was the union of Ethereum's original execution layer (the Mainnet, which has existed since its inception) and its new proof-of-stake consensus layer, the Beacon Chain. It did away with the need for energy-intensive mining and allowed the network to be secured with staked ETH.
For more information about the Ethereum Merge, what’s next, and why it's essential for the Proof-of-Stake community, see our article and video below.
Stakin Adds Razor Network and Zilliqa to the Stakin Dashboard
Over the last weeks, the Stakin development team has worked hard to enhance the current features of the Stakin Dashboard and added two new networks. The first is Zilliqa and its asset $ZIL, and the second is Razor Network’s $RAZOR. Holders of both assets can now easily track their staked assets across different validators and networks without giving up custody. Learn more and visit:
The Stakin Podcast Episode With Gravity Bridge Is Live!
We had a chance to sit with Deborah Simpier and Justin Kilpatrick of Althea and Gravity Bridge to talk about decentralization, NFTs bridging from Ethereum to Cosmos, and Cento. Hear it now!!
Stakin’s Protocol Wizard Robert Del Rey Interviewed By Akash
In an exciting turn of events, our Cosmos ecosystem Procotol Wizard Robert Del Rey sat down to answer some questions about community, decentralization, and more in an interview with Akash. Read it via the Tweet below.
Tendermint’s New Application Blockchain Interface
On September 20th, 2022, The Interchain Foundation announced Tendermint’s new application blockchain interface ABCI++. The constant expansion of applications built on Tendermint means that developers are increasingly pushing the interface's limits. As the team gained a better understanding of the technology being developed in this field, they began to rethink how such an interface could better serve its users. This collection of ideas, dubbed "ABCI++" at the time, is set to appear in future Tendermint releases. Read all about the tech specs of ABCI++ and the roll-out in the article here.
Cronos Accelerator Demo Day is Coming Up!
The Cronos chain is running an accelerator program, which they’re currently in week 8. All participating projects will need to be ready as Demo Day is coming soon.
Solana Foundation Released The Solana Energy Use Report
In 2021, the Solana Foundation began tracking the Solana blockchain's carbon footprint and enlisted outside experts' help to assess the chain's emissions independently. The third edition of the Solana Foundation's energy impact report was released on the 20th of September. The network's overall emissions increased by approximately 26% over the last six months, owing to overall growth in the validator network and the inclusion of hardware production (e-waste) emissions in the analysis. Highlights include:
- The overall carbon footprint of the network is estimated to be 3,412 tonnes of CO2 per year, up 26 percent from 2,707 tonnes of CO2 per year in March 2022.
- Primary drivers of changes in emission: including emissions from hardware manufacturing (e-waste) in the energy, use report added 1,639 tonnes of CO2 per year. Reduced emissions result from a 48 percent reduction in estimated power consumption per validator node, from 984W to 509W per validator node. The incorporation of data center-specific renewable energy utilization improved accuracy, which reduced average network carbon intensity by about 10%, from 198 to 180 gCO2 per KWh.
Read the full report here: https://github.com/Othersphere/solana-climate
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.