On September 15 the biggest event in the blockchain world happened. The Merge, a new development phase of the Ethereum ecosystem, was completed. The network switched from the PoW (Proof of Work) algorithm to the PoS (Proof of Stake) algorithm. This means that ETH mining is over for good — now the cryptocurrency is only available for staking.
We have already told you that blockchain is actively developing and now even has several generations. But still, what is blockchain, why is it called decentralized, and how do new blocks appear? Let's find out!
Non-fungible tokens have proved their status as major trendsetters in the cryptocurrency market in 2021. At the end of last year, the total amount of all transactions made in the sector of non-fungible tokens (NFT) exceeded $250 million, demonstrating an impressive growth rate of 299% in annual terms.
NFT marketplaces make billions in monthly trading volumes, the NFT art piece by American artist Beeple sells for more than $69 million, NFTs constitute whole virtual worlds like Decentraland – why is all that craze and is it worth joining in?