The Ethereum merge is right next door. The developers are concentrating on educating the community as the cryptocurrency sector gets ready for the much anticipated Ethereum Merge.
Vitalik Buterin, a co-founder of Ethereum, just published a book based on his essays about the development of the blockchain network over the years. The name of the book PROOF of STAKE is “The Philosophy of Blockchain and the Making of Ethereum.” The publication of the book couldn’t have come at a better moment as the community waits for Ethereum to switch to proof of stake.
Ethereum’s transition to proof of stake
On September 27, which is two weeks following the Merge deadline, the book is slated for release. A compilation of Buterin’s essays on the development of ETH throughout the years is available in Proof of Stake: The Making of Ethereum and the Philosophy of Blockchain.
Writings by the co-founder were compiled from his essays written during and before the emergence of ETHH. According to Gitcoin, the essays would show Buterin to be “a colorful and inventive writer.”
Buterin tweeted on Wednesday to herald the publication of the book. On the Gitcoin platform, readers may purchase autographed digital copies and NFTs.
Ethereum staking service started by Ethermine
The biggest ETH mining pool in the world, Ethermine, has introduced a new staking pool for users in front of the quickly approaching September (ETH) Merge. However, it should be noted that American miners cannot use it.
Members of Ethermine now have the opportunity to stake their ETH collectively and collect interest on top of their deposits thanks to the new service. Users can deposit as low as 0.1 ETH ($159). However, the cost increases with decreasing holding size. Currently, the platform provides stakers with a yearly interest rate of 4.43%.
These kind of staking pools are important because they provide competitive interest rates and lower entry hurdles than individual staking as node operators, which needs a minimum of 32 ETH to run a node.