[PoW Round-Up] Bitcoin increases its difficulty for the first time in 2 months, Ethereum celebrates its 6th anniversary!
Learn about industry news, development updates, community happenings, and other aspects of the PoW world!
After some multiple difficulty decreases, the Bitcoin network has a positive increase. The EIP3675 draft has been merged to move Ethereum to PoS.
The latest bitcoin network difficulty adjustment happened on July 31. After 4 drops in a row in the last 2 months, it climbed by 6.03% to 14.5 T, based on an average block time of 9 mins 26 secs.
Miners of the Ethereum network have seen their mining revenues increase after ETH soaring.
Dev and network
v22.0rc1: Bitcoin Core 22.0 release candidate 1, the first version using its new naming convention.
EIP-3675’s draft has been merged. It is a proposal relevant to the consensus upgrade for Proof-of-Stake. The document specifies the set of changes to block structure, block processing, fork choice rule, and network interface introduced by the consensus upgrade.
- Ethereum Classic
On July 24, Ethereum performed the Magneto hardfork successfully. F2pool mined the first block post-fork!
A successful sync with send & receive of Digibyte’s v8.22.0 test client has been completed. This is a complete merge of the latest Bitcoin v22 with DGB 7.17.3. Check here to keep updated.
Application and adoption
Lightning node capacity exceeds 2100 Bitcoin increasing 28% in 30 days. The number of channels is now more than 61000 seeing a significant increase of 17.4%.
Dash has launched an instant savings retail app that will allow users to save and spend DASH across 155,000 locations in the United States.
On July 30, Ethereum celebrated its 6th birthday!
AllCoreDevs 005 was held to talk about London and the Merge. Details here.
A crypto conference and a sci-fi miniseries proposal were published in the Decred community. Check Decred’s latest Politeia Digest to take a look at its recent proposals.
The PoW Round-Up is our bi-weekly report on the major news and mining insights in and around the Proof of Work ecosystem. Monitor and help secure the PoW world with f2pool.