![]() Since its inception, Ethereum has used the same method Bitcoin does to maintain its blockchain - Proof-of-Work (PoW). Ethereum developers have been painstakingly preparing for this moment for months with a series of tests. ![]() The Merge will take place when Ethereum’s Beacon Chain, an experimental network predicated on Proof-of-Stake processes, fuses with Ethereum’s old school mainnet. What is certain is that crypto investors and users will confront a raft of new developments that may shape the future of the space for years to come. If The Merge is as profound as everyone seems to believe then everything should be about to change for the better, right? And DeFi, in the grip of a bear market and tarnished by ceaseless exploits and the meltdown of Terra’s ecosystem in May, could surely use a feel-good story. Ethereum, after all, is the backbone of the decentralized finance proposition. What may be lost amid the hoopla is how The Merge will impact DeFi. ![]() ![]() Mainstream media have been running segments on The Merge, searches for the event are trending at an all-time high, and Google has set up an online countdown clock. Yet he’s not the only skeptic who believes the hype has gotten a bit out of control. Not the Only SkepticĬraib may be part of a minority in DeFi this week as the countdown to The Merge ticks down to zero-hour on Thursday. He said he’s sold all his ETH, which he had bought at $0.26 per token in the Ethereum crowdsale in 2014. “I’m not really paying attention to The Merge,” the founder of the blockchain-based hedge fund Numerai told The Defiant in a DM. And the DeFi community is giddy with anticipation that the shift to Proof-of-Stake consensus will revitalize the blockchain network’s usefulness and value. Ethereum is poised to execute the most historic upgrade in its eight-year history. Indonesia, with its abundant nickel and copper deposits, is once again at risk, he added.The moment has finally arrived. “One of the risks is the energy transition simply moves pressure on forests in areas where coal is located to those areas where transition minerals are located,” Anthony Bebbington, a professor at Clark University’s Graduate School of Geography and corresponding author of the study, said in an interview.įor instance, the cobalt-rich forests of the Democratic Republic of Congo in Africa have already come under pressure, he said. Though forest loss due to industrial mining accounts for a tiny fraction of overall deforestation and peaked between 20 in Indonesia, Brazil and Ghana, surging demand for metals crucial to renewable energy and electric vehicles could pose new risks, the researchers said. Areas of forest surrounding industrial mines also experienced higher rates of loss, the study found, as newly-built roads made new areas of forest accessible. The expansion of coal mines on the island of Borneo was the main driver. Tropical deforestation gnaws away the planet’s own ability to maintain that balance.Īcross Indonesia, some 1,901 square km (734 square miles) of forest were cut down to make way for industrial mining – an area three times the size of capital Jakarta. They soak in 29% of the carbon dioxide humanity emits every year, preventing the atmosphere from warming even faster than it already is. They found that just four countries - Indonesia, Brazil, Ghana and Suriname - accounted for 80% of tropical forest loss due to industrial mining.įorests are a powerful ally in the struggle against climate change. 12 in the Proceedings of the National Academy of Sciences (PNAS), overlapped the geographic coordinates of industrial mines with forest loss data from 2000 to 2019, focusing on 26 countries. The researchers, whose paper was published Sept. (Bloomberg) - More than half the tropical deforestation caused by industrial mining in the last two decades took place in Indonesia, according to a new study.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |