
Sign up to save your podcasts
Or


Nearly five months ago, the Ethereum blockchain successfully completed what was — at the time — a very complicated and years-in-the-making update. Called The Merge, it allowed the blockchain to move from validating transactions using computers, that took a lot of energy to run, to a proof-of-stake model. The switch cut Etherium’s power consumption by more than 99 percent. After The Merge, the price of Eth rallied a bit, but has since fallen about 15 percent.
Now, software developers who work on Ethereum are gearing up for a new upgrade called Shanghai. It will allow the tokens being used to order transactions on the blockchain to be withdrawn. Right now all those tokens are tied up in staking wallets.
To talk more about what’s entailed in the Shanghai upgrade, Bloomberg reporter Olga Kharif joins this episode.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter
See omnystudio.com/listener for privacy information.
By Bloomberg and iHeartPodcasts4.5
3232 ratings
Nearly five months ago, the Ethereum blockchain successfully completed what was — at the time — a very complicated and years-in-the-making update. Called The Merge, it allowed the blockchain to move from validating transactions using computers, that took a lot of energy to run, to a proof-of-stake model. The switch cut Etherium’s power consumption by more than 99 percent. After The Merge, the price of Eth rallied a bit, but has since fallen about 15 percent.
Now, software developers who work on Ethereum are gearing up for a new upgrade called Shanghai. It will allow the tokens being used to order transactions on the blockchain to be withdrawn. Right now all those tokens are tied up in staking wallets.
To talk more about what’s entailed in the Shanghai upgrade, Bloomberg reporter Olga Kharif joins this episode.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter
See omnystudio.com/listener for privacy information.

1,366 Listeners

402 Listeners

2,179 Listeners

424 Listeners

969 Listeners

40 Listeners

193 Listeners

30 Listeners

4 Listeners

58 Listeners

233 Listeners

229 Listeners

64 Listeners

81 Listeners

83 Listeners

397 Listeners

19 Listeners

12 Listeners

2 Listeners

7 Listeners

2 Listeners

114 Listeners