Ethereum is expected to complete its highly anticipated Shanghai upgrade just minutes from now.
That means the network behind the world’s second-largest cryptocurrency will finally allow users to withdraw the ETH that has been locked up over the past two years.
But what does that mean for institutional investors? Will they be more attracted to the asset? Will big money be more attracted to the new, improved blockchain?
A bit of background first: Ethereum used to run on a proof-of-work blockchain—just like Bitcoin. This energy-intensive consensus mechanism uses miners to solve complex equations with massive computers, all to generate new blocks and earn digital currency rewards.
But Ethereum last year moved to a proof-of-stake blockchain, which eliminated the need for miners and instead replaced them with valid
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Author: Mathew Di Salvo
Tip BTC Newswire with Cryptocurrency