Ethereum merge ‘very smooth overall success,’ Galois Capital co-founder says

Yahoo Finance published this video item, entitled “Ethereum merge ‘very smooth overall success,’ Galois Capital co-founder says” – below is their description.

#Ethereum #Ethereummerge #yahoofinance

Galois Capital co-founder Kevin Zhou joins Yahoo Finance’s Jared Blikre and David Hollerith to discuss the ethereum merge, what it means for the blockchain to move to a proof-of-stake, and the latest crypto cycle.

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A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

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Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

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