CFTC Head Complains About Bitcoin’s Energy Use

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam bemoaned Bitcoin’s excessive energy consumption, Forbes reports. Bitcoin’s proof-of-work consensus algorithm requires a huge amount of energy in order to solve complex mathematical tasks. The regulator believes that the industry should move to proof-of-stake, an alternative consensus mechanism that consumes much less energy. The CFTC head supports […]

Ethereum Validators Near 400,000 as Amount of ETH Staked Surpasses 12.8 Million

Several milestones have been reached ahead of Ethereum’s full transition to proof of stake. The amount of Ethereum staked has been steadily increasing, and it now stands at 12,864,311 ETH. Given that becoming a node validator costs 32 ETH, the number of validator nodes operating on the Ethereum network has increased and continues to do […]