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The launch of The Merge (previously named Ethereum 2.0) was probably one of the most anticipated events in the crypto industry. The change (almost) everyone was excited about was the switch from the proof-of-work consensus mechanism to the proof-of-stake one. This solution was intended to remove one of the biggest issues the general public has with crypto — how unsustainable it is. Additionally, ETH 2.0 was meant to help solve the scalability problem that the Ethereum network has been facing. While this past week brought many dramatic developments across... Prior to the transition to the Proof-of-Stake (PoS) mechanism, users could mine ETH by creating an Ethereum wallet, installing Ethereum software on their computing device and choosing how they wanted to mine Ethereum. Dubbed “Casper,” Ethereum’s new proof-of-stake (PoS) system involves users of the network locking up their coins to become network contributors, as opposed to using expensive, energy-intensive mining equipment. Each staker is required to lock up 32 ethers or to join a staking pool and combine their ether with others to participate in creating new blocks on the Ethereum PoS blockchain. The Ethereum 2.0 upgrade is rolling out in multiple phases. The initial ones include: explained here.

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You can create several wallets within the same app, with different recovery phrases.. Pips are the units used to measure movement in the price of a cryptocurrency, and refer to a one-digit movement in the price at a specific level. Some protocols also require tokens to be wrapped for a swap to occur. This allows the community to form partnerships with other projects.

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As a utility token, MANA can be used to buy LAND as well as other in-game goods and services. This solution was intended to remove one of the biggest issues the general public has with crypto — how unsustainable it is.