Cryptocurrency News Today TheBitTimes.com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. US presidential hopeful Vivek Ramaswamy recently said Senator Elizabeth Warren’s (D-Mass.) stance on Bitcoin (BTC) is due to the fact that she believes the state is superior to the individual. “Those of us who are having this conversation believe that we, as individuals, create a government that’s accountable to us,” said Ramaswamy on the WhatBitcoinDid podcast. He continued: “The alternative worldview, to understand it, is that the state predates the individual. Your rights come from the government. They’re not independent of that, and so this proposes a threat to the existence of that state. Then, it’s perfectly within the rights of the state to come after and prevent that from existing.” You might also like: Senator Elizabeth Warren calls crypto a ‘new threat’ Ramaswamy insisted the minds of the people on Capitol H...

Energy use is down, and staking is up, but technical concerns still mark the road ahead for the second-largest cryptocurrency by market cap. One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead. The Merge was executed on Sept. 15, 2022 — an event that saw the Ethereum mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain. The most noticeable improvement to Ethereum post-merge was the seismic shift from an energy -guzzling proof-of-work (PoW) consensus mechanism to PoS, which saw the Ethereum network drastically reduce its total power consumption. According to data from The Cambridge Centre for Alternative Finance, the Ethereum network has seen its energy use drop more than 99.9% from the approximately 21 terawatt hours of electricity it used while running under PoW. The Merge has reduced...