Ethereums PoW Support Ends with Major Upgrade, ETH Price Skyrockets

Ethereums PoW Support Ends with Major Upgrade, ETH Price Skyrockets

Go Ethereum releases major update ending support for proof-of-work (PoW) consensus, improving network performance and stability, while Ethereum price stabilizes near $1800.

Ethereum (ETH) client Go- Ethereum (ETH) has officially released the Geth v1.12.0 version (Krogam DMZ). The most recent update will no longer support proof of work (POW), so it can no longer be used for PoW-based private chains or as a dependency on ethash PoW.

Ethereum (ETH) has transitioned to proof-of-stake (PoS) but some related chains still use PoW consensus such as Ethereum (ETH) Classic and EthereumPoW.

Go Ethereum (ETH) Releases Major Update to End PoW Support

Ethereum’s execution layer client Go Ethereum (ETH) in a tweet on May 25 revealed that it has released Geth v1.12.0 (Krogam DMZ) update, potentially a breaking change. Geth has decided to no longer support proof-of-work (PoW) chains. Furthermore, Geth now defaults to use Pebble as a backend if no existing database is found.

The new version adds block coverage to eth_call, enabling batch state test execution. Various bugs have likewise been fixed. The details on the improvements and bug fixes can be found in the released notes.

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Recently, consensus layer client Nimbus released a v23.5.1 update for validator clients and node operators on May 21. The update intends to make better compatibility with third party validator clients and beacon nodes. Furthermore, it introduces support for incremental pruning.

These latest updates by clients will make better the network’s overall performance. Following the Ethereum (ETH) network suffered finality issues on May 11 and 12, Ethereum (ETH) clients released critical updates to prevent the Beacon Chain nodes from high resource usage during turbulent times.

Ethereum (ETH) Price Stabilizes Near $1800

Ethereum (ETH) price stability near $1800 regardless of market uncertainty signifies low volatility, which is preferred by institutional investors. Ethereum (ETH) is very likely outperform Bitcoin (BTC) in the future.

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Ethereum (ETH) price jumped 1 percent in the previous day, with the price as of now currently worth $1,795. The 24-hour low and high are $1,763 and $1,808, respectively.


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