• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Ethereum Price Trends Sideways Ahead Of The Merge

Two Major Blockchain Network Upgrades Ethereum 2.0 and XDC Network XDPOS 2.0, all You need to Know.

NewsBTC by NewsBTC
5 months ago
in Company News
Reading Time: 2 mins read
Advertisement
  • Ethereum 2.0 upgrade is scheduled for September 13 to 15.
  • XDC’s XDPoS 2.0 is expected to go live in Q1 2023.

Ethereum Merge, the transition of the network from PoW to PoS consensus, is the biggest and the most significant upgrade in the crypto sector. The schedule for this upgrade is confirmed to commence on September 15 or even before it. Notably, the anticipation of this protocol upgrade increases as the date is nearing.

On successful execution of ‘The Merge’, Ethereum will terminate the PoW consensus when its mainnet merges with the Beacon Chain. Beacon Chain is the parallel blockchain hosting the PoS consensus engine and coexists with the current Ethereum 1.0 since 2020.

Despite being the second-largest blockchain hosting smart contracts and dApps, it struggles with scalability issues. It all boils down to a fundamental scaling problem. The proof-of-work paradigm makes the process of overcoming scalability issues more complex. Also, High costs and low throughput have been major barriers to any widespread use. Also, the major Ethereum mining community is not happy with the update as they have to switch to other PoW networks as they already have huge mining infrastructure investments around the mining ecosystem.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

To solve all the related issues, Ethereum had chosen to make this massive move of initiating the consensus makeover, Ethereum 2.0. Now more blockchain networks are coming forward with such upgrades and expanding their functionalities. XDC Network is one among them. The network is bringing up the implementation of the XDPoS 2.0 consensus upgrade.

Upcoming XDPoS 2.0 Upgrade

The XDPoS 2.0 will be implemented in the first quarter of 2023 after undergoing a whole year of beta testing. It is considered as a significant advancement within XDC Network and is by far the most complex upgrade since its inception. With this execution, XDC will switch from XDPoS 1.0 to XDPoS 2.0.

The XDC Network is a longest-chain open-source network that uses the XDPoS 1.0 protocol. This version of the consensus protocol utilizes a combination of delegated proof of stake (DPoS) and proof of work (PoW) to validate the transactions and secure the network. Currently, XDPoS 2.0 is in the beta testing phase.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Furthermore, the XDC Network addresses the scalability difficulties facing the Ethereum blockchain and other leading blockchain platforms. Cheap transaction costs and 2-second transaction confirmation times are made possible by the 108 Masternodes that comprise the XinFin Delegated Proof of Stake (XDPoS) consensus architecture that powers the XDC Network. Innovative techniques like double validation, smart contract staking, and straightforward randomization procedures provide safety, stability, and a trustless ledger.

This upgrade will give the XDC Network military-grade security and performance while optimizing the network’s resource usage. Most importantly, this new protocol will slash the malicious nodes out from the XinFin network instantly after detection. This will thereby confer a strong governance system to the network.

Also, it is completely backward-compatible in terms of APIs and is based on the most advanced Byzantine Fault Tolerance (BFT) protocol. Additionally, it is believed to open up space for the future expansion of the XDC Network.

 

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

7 hours ago
MEXC Research: What to Expect from the Shanghai Upgrade on Ethereum

MEXC Research: What to Expect from the Shanghai Upgrade on Ethereum

19 hours ago
Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

5 days ago
7 Crypto Predictions for 2023

7 Crypto Predictions for 2023

5 days ago
DeFi

Could LSD Fiends Power the Next DeFi Gold Rush?

6 days ago
With Interest Rate Hikes Slowing Pace, Which Cryptos are Worth Buying? BTC, ETH, AXS, & MEMAG

With Interest Rate Hikes Slowing Pace, Which Cryptos are Worth Buying? BTC, ETH, AXS, & MEMAG

6 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

QI Blockchain Ecosystem: The Fastest Growing Ecosystem in the World

January 31, 2023

Gold & Silver Standard And MRHB DeFi Announce Partnership To Offer Fully-Compliant Platform For Islamic Investors

January 31, 2023

Red Pill Studio Announces Private Round for TrainCraft Game

January 31, 2023

Snowfall Protocol (SNW) Set to Revolutionize Investing: Cardano (ADA) Djed Stablecoin Scores New Listing and IBF Net Launches Netverse on Algorand (ALGO) Blockchain

January 31, 2023

Snowfall Protocol (SNW) Value Increases Before Launch Date, Threshold (T) Listed on Coinbase, Shows Bullish Sentiment

January 31, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.