News

Ethereum Just Completed The Long-Awaited Merge Upgrade

According to a Twitter post from co-founder Vitalik Buterin, The Ethereum blockchain network just completed the most ambitious software upgrade ever to take place in crypto.

Published

2 years ago

September 15, 2022

Nour Nasir

ethereum just completed the long-awaited merge upgrade

Ethereum is probably the most important commercial highway in the crypto landscape, and it has now been “merged” — a process that replaced older, power-sapping network computers with more modern and energy-efficient machines. The upgrade will see Ethereum’s energy expenditure decline by a massive 99%.

This kind of upgrade has never been attempted in crypto until now, which is no surprise, as Ethereum is home to 3,500 apps and handles billions of dollars of crypto transactions. End-users shouldn’t notice the merge, but it will eventually make the network faster and cheaper to run.

Although now completed, Ethereum’s merge could see the network suffering from occasional glitches or hang-ups for at least several weeks. Exchanges like Coinbase paused Ethereum withdrawals and deposits during the event in anticipation of hacking attempts and general instability.

There is some concern that EthereumPOW and other forks may create copies that still run on the older computers, potentially creating confusion and leading to more scams and hacking attempts. USDC stablecoin issuer Circle and oracle provider Chainlink have both announced that they won’t support forked versions of Ethereum, and whether those forked chains remain viable over time is something that isn’t yet known.

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So how will the merge affect crypto mining? Only time will tell, but as profitability has already taken a nosedive this year, the merge will further squeeze those who make a living from crypto mining. Energy costs are rising globally, and now miners are faced with the prospect of changing to new equipment or selling up for good.

So what does the future hold for Ethereum in the wake of these massive changes? So far, the jury is out, but some traders anticipate the network overtaking Bitcoin in the long run and are hedging vast sums of money on their prediction.

News

Samsung Smart Glasses Teased For January, Software Reveal Imminent

According to Korean sources, the new wearable will launch alongside the Galaxy S25, with the accompanying software platform unveiled this December.

Published

2 days ago

December 4, 2024

Nour Nasir

samsung smart glasses teased for january software reveal imminent

Samsung appears poised to introduce its highly anticipated smart glasses in January 2025, alongside the launch of the Galaxy S25. According to sources in Korea, the company will first reveal the accompanying software platform later this month.

As per a report from Yonhap News, Samsung’s unveiling strategy for the smart glasses echoes its approach with the Galaxy Ring earlier this year. The January showcase won’t constitute a full product launch but will likely feature teaser visuals at the Galaxy S25 event. A more detailed rollout could follow in subsequent months.

Just in: Samsung is set to unveil a prototype of its augmented reality (AR) glasses, currently in development, during the Galaxy S25 Unpacked event early next year, likely in the form of videos or images.

Additionally, prior to revealing the prototype, Samsung plans to introduce…

— Jukanlosreve (@Jukanlosreve) December 3, 2024

The Galaxy Ring, for example, debuted in January via a short presentation during Samsung’s Unpacked event. The full product unveiling came later at MWC in February, and the final release followed in July. Samsung seems to be adopting a similar phased approach with its smart glasses, which are expected to hit the market in the third quarter of 2025.

A Collaborative Software Effort

Samsung’s partnership with Google has played a key role in developing the smart glasses’ software. This collaboration was first announced in February 2023, with the device set to run on an Android-based platform. In July, the companies reiterated their plans to deliver an extended reality (XR) platform by the end of the year. The software specifics for the XR device are expected to be unveiled before the end of December.

Reports suggest that the smart glasses will resemble Ray-Ban Meta smart glasses in functionality. They won’t include a display but will weigh approximately 50 grams, emphasizing a lightweight, user-friendly design.

Feature Set And Compatibility

The glasses are rumored to integrate Google’s Gemini technology, alongside features like gesture recognition and potential payment capabilities. Samsung aims to create a seamless user experience by integrating the glasses with its broader Galaxy ecosystem, starting with the Galaxy S25, slated for release on January 22.