THE HASH: Moments Away - Ethereum’s Testnet to Transition to Proof-of-Stake, and Citibank Says Market Volatility Has Spooked User Adoption
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 June 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Wednesday, June 8, 2022.
"The Hash" team discusses today's top stories, including Ethereum's Ropsten testnet moving to proof-of-stake, Solana's $100 million fund for South Korean crypto projects and Citibank's report on crypto user adoption.
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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories that matter to the crypto world, all on the hash for your ears. |
| 0:19.9 | You're listening to the Coin Desk Podcast Network. |
| 0:24.7 | Hello, everyone. |
| 0:26.1 | You're watching The Hash on Coin Desk TV. |
| 0:28.8 | And if you are listening to the hash, you're listening on the Coin Desk Podcast Network. |
| 0:33.4 | It is Wednesday, June 8th. |
| 0:36.6 | We are hours away from Consensus 2020. These two look very excited. |
| 0:41.8 | I'd like to see a little bit more excitement. Guys, we're in Austin. We're getting ready for |
| 0:45.8 | consensus. If you're not in Austin, there's still time to get a flight and come down to this |
| 0:51.3 | hot, hot city. But if you can't get a flight because they're all |
| 0:56.1 | booked up, because everyone is on their way to see us, IRL, you can get a virtual pass to |
| 1:01.7 | see the live stream. So we'll be talking more about Austin later on. But Will, I think you have |
| 1:08.1 | our first story. There's a lot of practice going on in Ethereum land. |
| 1:12.1 | That's right. |
| 1:12.7 | First story of the day is Ethereum. |
| 1:14.5 | That's Ropsin Testnet is practicing to go over to proof of stake in what is known as the merge. |
| 1:21.1 | The merge is basically swapping from proof of work, which is the consensus mechanism. |
| 1:24.8 | Bitcoin, Ethereum currently uses and moving to proof of stake, |
| 1:28.5 | which is a new consensus mechanism. Ethereum has been trying to move towards |
| 1:31.7 | since its inception in 2014 and 2015. |
| 1:35.2 | Robsen TestNet is basically Ethereum Lite. It has no economic value. |
| 1:39.8 | It's just a chain that's out there for developers to push code onto and see if it breaks or not. |
... |
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