In our latest Learn 101 livestream, experts reviewed 2024’s key events, lessons learned, and insights to help you prepare for 2025’s crypto landscape.

The past year in the crypto market has been an exciting one, with striking movement and major events. Anticipation for the 2025 crypto market is high — but will it soar to the moon or explode? Here, we take a look at what 2025 holds.

, we take a step back to look at Bybit’s achievements in 2024 and the crypto market as a whole, and analyze some of the key takeaways to be applied in 2025.

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Dec 24, 2024, were two distinguished guests from Bybit: Joan Han, Head of Marketing and Card, and Maxim Orlov, VIP Team Lead. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the theme of 2025,

Crypto’s Wild Ride: Biggest Trends and Lessons from 2024

In 2024, Bybit experienced a significant surge in new users, a trend that Joan Han attributes to several key developments. The most notable was the impact of Donald Trump’s U.S. presidential election win, which drove interest in crypto as prices reacted positively. Additionally, the institutionalization of cryptocurrency and the 

 played pivotal roles in attracting new traders and investors to the market. These factors combined to fuel price growth and activity, with monthly active crypto wallets increasing by an impressive 247% between January and December 2024.

Maxim Orlov emphasizes the transformative impact of ETFs on the crypto landscape. By normalizing crypto as a legitimate investment vehicle, ETFs are encouraging adoption among users who had previously stayed out of the market. This shift has been particularly evident in Bitcoin’s net inflows, which have outpaced those of other cryptocurrencies.

Han highlights how retail investors, already familiar with traditional ETFs, are being drawn to crypto ETFs. Packaging crypto assets in a familiar structure has inspired a wave of new interest, bringing the total value of crypto assets to over $44 billion to date. She also points out that increasing legislation and a growing comfort with the crypto market have further driven its adoption. Looking ahead, Han expects even greater growth in 2025 with the implementation of further regulations.

Maxim Orlov agrees, noting that recent regulatory developments have been a game-changer for the industry. He believes these measures are paving the way for widespread adoption, providing the foundation for sustained growth.

Bitcoin in particular has benefited from this evolving landscape. Han explains that confidence in Bitcoin has surged largely due to the influence of ETFs. While the market for altcoins has also grown, their progress has been comparatively slower. She predicts that Bitcoin will continue to dominate in the near term, but acknowledges the potential for an active altcoin season, which typically follows a Bitcoin rally. Among the fastest-growing altcoins are Hedera (HBAR), Bitget Token (BGB), XRP and Stellar (XLM). However, Han stresses that altcoins require fresh marketing strategies to sustain their growth.

Orlov echoes the importance of marketing, particularly for 

. He notes that growth in this sector depends upon how well projects can capture user interest. While meme coins remain a prominent trend, he suggests that the next big wave could emerge in 

Han also touches on the geopolitical dimension of crypto adoption. Trump’s suggestion of creating a strategic Bitcoin reserve has sparked interest from other nations, potentially driving further price growth. While Bitcoin has been sluggish during the holiday season, Han expects a renewed rally once the season concludes.

Biggest Wins, Boldest Moves: Bybit’s 2024 Highlights

Bybit has solidified its position as a global crypto leader, achieving remarkable milestones in 2024. With over 60 million users worldwide, the platform now boasts an average daily trading volume exceeding $100 billion. Bybit ranks as the second-largest crypto exchange by global trading volume, further cementing its status as a key player in the industry. Notably, Bybit made headlines by launching 

 has also seen tremendous growth, and is now available in Argentina, Brazil, the Netherlands, Europe and Australia, with over 1 million users enjoying its benefits. This expansion highlights Bybit's commitment to enhancing user experience and accessibility.

Orlov highlights crypto’s mainstream acceptance, noting that it’s no longer a niche interest. “Everywhere I go, people are aware of crypto, or at least of Bitcoin,” he says. Bybit’s success lies in its continual efforts to improve its products and platforms, building on the trust it’s cultivated among its users. Han emphasizes that this assurance stems from Bybit’s user-focused approach, including 

Bybit has also expanded its trading options to meet user demand. Investors now have access to 

, thanks to the introduction of multi-asset trading. According to Orlov, this feature was launched in response to users’ direct requests, demonstrating Bybit’s adaptability to investor needs. Han points out that the Bybit Card enhances user experience with attractive rewards, including higher returns and cashback.

As a standout offering, bbSOL represents a significant milestone. The first exchange-backed LST, it delivers competitive APY with rewards that can be redeemed anytime. This makes liquid staking on Solana not only accessible, but also highly rewarding for Bybit users.

Retail investors must consistently dedicate time to identifying emerging trends in the ever-evolving crypto market. Fortunately, a wealth of information is readily available for users to explore. Orlov emphasizes the importance of diversification as a key strategy to safeguard assets. He also highlights a growing trend in adoption, driven by user-friendly products and the appeal of crypto assets that are simple for new investors to understand.

Looking ahead to 2025, Orlov advises closely monitoring both the crypto market and individual assets if an altcoin season arises. Bybit offers a wide variety of altcoins, each carefully vetted by the platform’s team. This rigorous research ensures that the altcoins listed on Bybit may present suitable investment opportunities for users seeking diversification.

Both Orlov and Han are optimistic about the year ahead for crypto and Bybit. Han predicts a surge in the number of new users entering the market, drawn by increasing accessibility and innovative products. Meanwhile, Orlov envisions an ongoing crypto revolution as the market continues to grow and mature.

This session of the Learn 101 livestream has provided valuable insights into what lies ahead for 2025 — whether it’s to be "Moon or Mayhem." As the crypto landscape evolves, staying informed is your best strategy for navigating the market. 

Intermediate

Bybit Learn Livestream 2025: Moon or Mayhem?

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Learn Live ICYMI: 2024 Crypto Market Recap & 2025 Predictions

The inaugural Solana AI hackathon, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto.

Daily Top Performer — Secret Network (SCRT)

On Friday, the S&P fell sharply as all major industry groups faced losses, driven by rising Treasury yields and the Fed's indication of fewer interest rate cuts in 2025. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.04%, with Bitcoin dropping by 0.10% and Ether rising by 1.73%, in the past 24 hours.

Today's top performer is SCRT, which surged 2.25% following the launch of Claive AI by Secret Network, offering secure, decentralized AI services.

Secret Network (SCRT), launched in February 2020, is a privacy-focused blockchain using encrypted smart contracts to safeguard user data. 

, a decentralized platform for secure AI services using blockchain and confidential computing. It ensures data privacy through trusted execution environments (TEEs) and Nvidia GPUs. Developers can integrate AI services via an open-source SDK, while workers stake SCRT tokens to participate. Initially focused on large language model inference, Claive AI aims to address privacy concerns and empower users and developers.

Check Out the Latest Prices, Charts, and Data of 

, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto. With AI agents gaining traction, some projects, like FXN, already have tokens with market caps reaching millions. The hackathon's entrants are focused on developing intelligent interfaces for the Solana ecosystem, with a strong emphasis on AI agents for on-chain trading and DeFi. The winning projects will be announced on January 10, 2025. The success of these AI agents highlights their growing importance in crypto and DeFi innovation.

Between December 23-27, 2024, the Bitcoin Spot ETF experienced a net outflow of $377.6M, with $58.9M from GBTC and $318.7M from Non-GBTC funds. The current cumulative totals are -$21.352B for GBTC, $57.008B for Non-GBTC, and a net of $35.656B.

 is a tokenized real-world asset (RWA) project that raised $13.75M in funding. It is offering a free airdrop through its Telegram bot, where users can earn GM Points daily by completing simple tasks like tapping, following on social media, and more. Users need to connect their Ton wallet to participate.

Beginner

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Solana AI Hackathon Sparks Innovation in Crypto with 400+ Projects and Million-Dollar Tokens

BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations.

Traditional approaches to scientific research and biotechnology funding are often plagued by inefficiencies, centralization and lack of transparency. Enter 

, a groundbreaking initiative designed to revolutionize the way science is conducted, funded and owned. Operating as a curation and liquidity protocol within the 

(DeSci) sector, BIO empowers global communities of patients, scientists and biotech professionals to collectively fund and own tokenized biotech projects and intellectual property (IP).

BIO builds upon the successes of initiatives such as 

, a platform for tokenizing early-stage biomedicine, and 

, the largest decentralized community dedicated to longevity science. By introducing a new financial layer for science, the BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations. Through decentralized funding, incentives and liquidity, BIO bridges the gap between capital on the one hand and groundbreaking scientific research on the other.

This article delves into the DeSci sector, introduces BIO, explores its founding team and explains the role of BioDAOs in transforming the biotech space. We’ll also examine how BIO works, the utility and tokenomics of the BIO token and the protocol’s ambitious road map for the future.

DeSci represents a transformative approach to scientific research, leveraging the power of 

 to create a more transparent, community-driven and incentivized ecosystem for innovation and collaboration. By integrating decentralized mechanisms like tokens, 

 (DAOs), DeSci seeks to democratize scientific discovery, making it more accessible and efficient.

One of DeSci's core missions is to tackle the "valley of death" — the critical gap between early-stage research and its successful application in real-world innovations. Traditional science often struggles with inefficient funding, opaque peer-review processes, limited data sharing and restrictive publishing norms. DeSci addresses these challenges by promoting open collaboration, equitable funding models and transparent knowledge dissemination.

On decentralized platforms, researchers can publish their work directly, bypassing traditional gatekeepers and enabling broader access to scientific knowledge. Incentive structures, such as token rewards and reputation systems, encourage reproducibility and collaboration, ensuring more reliable and impactful scientific outcomes. Additionally, DeSci leverages blockchain’s immutability to maintain the integrity of scientific records, fostering trust in research outputs.

The future of DeSci holds immense potential, and it's still in its infancy. By aligning economic incentives with scientific progress, DeSci could reshape the way research is conducted, creating systems that prioritize innovation over profit. While challenges remain, particularly in gaining acceptance from traditional academia and industry giants, DeSci offers a compelling vision for decentralized, equitable and transparent scientific progress.

 is a groundbreaking financial framework designed to improve the way DeSci operates. By providing a seamless flow of capital and talent into on-chain scientific ecosystems, it serves as the foundation for building, funding and commercializing scientific innovation through BioDAOs.

At its core, BIO catalyzes the development of an on-chain economy for scientific research. It creates efficient markets for intellectual property generated by BioDAOs while ensuring perpetual funding and liquidity for their operations. The protocol also standardizes all frameworks, tokenomics and data systems, making it easier for scientific communities to scale their initiatives.

BIO is led by a team of innovators. Its founder and CEO, 

, brings expertise from co-founding Molecule, a platform pioneering the tokenization of biomedical research. His vision centers on transforming traditional funding models to accelerate scientific breakthroughs.

, co-founder and CPO, drives the “product,” leveraging his extensive biotech experience. The team also includes 

 heading the R&D team, and Jose Pinto overseeing legal and compliance strategies. Leonard Boltz, a core contributor, plays a pivotal role in product design.

The rest of the team can be found on the 

 for both community and shareholders to vote on proposals intended to improve the protocol. Together, they’re building an ecosystem with the goal of empowering the entire scientific community in a decentralized way, fostering perpetual funding for scientific research and creating efficient markets for intellectual property. 

BioDAOs, or biological decentralized autonomous organizations, are 

 focused on scientific and medical research. They unite diverse stakeholders — patients, scientists and biotech innovators — around a shared mission to accelerate R&D and create new IP. By pooling resources such as capital, data and expertise, BioDAOs streamline innovation, reduce costs and shorten the time to commercialization.

Operating with on-chain frameworks such as Molecule, BioDAOs raise funds through token sales, and manage treasuries to back biotech projects. The generated IP is shared among members, ensuring collective ownership and incentives. Revenue from IP and/or product sales is reinvested into new R&D, creating a perpetual cycle of innovation.

By combining open access, shared IP ownership and capital efficiency, BioDAOs are reshaping the funding and development of science, making groundbreaking research more accessible and impactful.

The BIO protocol uses a decentralized network, combining community-driven curation, funding and liquidity with incentives and governance mechanisms. 

 supports selected BioDAOs with funding, token liquidity and community-driven accelerator services. Staking BIO tokens on BioDAO applicants offers rewards, as well as early access to funding rounds and IP asset investments, fostering a thriving ecosystem of innovative science. 

The BIO token powers the governance and growth of the BIO protocol’s ecosystem, enabling holders to actively shape the protocol’s trajectory.

The BIO treasury grows through the following mechanisms:

: Uncapped, subject to governance votes for future minting.

: BIO inflation supports secondary market liquidity, and scales in accordance with network growth. Inflation specifics are determined via governance. This balanced structure aligns incentives across contributors, investors and the larger community, ensuring long-term growth.

BIO has allocated 3% of its total token supply to over 8,500 eligible addresses. The airdrop snapshot for eligibility was taken on Apr 1, 2024.

: Included participants in BioDAO auctions, holders of iBoDAO tokens, liquidity providers, Gitcoin donors and active contributors to BioDAO communities.

: Eligible users claim vested BIO (vBIO), redeemable for $BIO. Tokens remain non-transferable until governance votes to unlock them.

: Total airdrop amounted to 99.4 million BIO, fully vested upon claim.

Additionally, 1% of the total supply was airdropped to early contributors of the BIO ecosystem, with a 1-year cliff and a 6-year vesting schedule.

BIO is bridging the gap between capital, innovation and community ownership. By empowering the DeSci sector, the BIO protocol creates efficient markets for scientific IP and fosters perpetual funding for BioDAOs. BIO is well-positioned to reshape the future of biotech research.

The BIO protocol's road map showcases its ambitious vision for revolutionizing DeSci:

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BIO Protocol: Revolutionizing Decentralized Science

Fluid is a decentralized financial protocol that focuses on lending and liquidity. Learn more about how this works in this article.

 provides all sorts of exciting opportunities for users. By getting rid of middlemen and institutional policies, DeFi creates a more accessible, flexible space for people to explore the world of finance. Fluid is a new DeFi protocol that hopes to provide these perks and more to its customers. Can Fluid's user friendly interface and highly capital efficient crypto trading system distinguish it from all the other startups in the 

 space? Keep reading for a deep dive into Fluid's design and its FLUID cryptocurrency’s potential. 

 is a decentralized financial protocol that focuses on lending and liquidity. This system also includes a 

 mechanisms and other exciting features. Fluid prides itself on being one of the most flexible, secure and advanced DeFi lending protocols around.

 in 2019. Originally studying to be accountants, the brothers dropped out of college, winning the ETHIndia hackathon. They specialize in creating "middleware" that connects users with the exciting features of 

, the Jain brothers were able to expand their ecosystem until it became the fourth-largest DeFi system by 

. A somewhat new addition to the Instadapp ecosystem, Fluid was released in late 2023. It was inspired by the Jains’ experience building on other systems, such as 

, and is meant to be their own custom version of these DeFi protocols.

Fluid hopes to combine the best of multiple DeFi protocols into a single system. It ambitiously aspires to become the most advanced, secure, flexible and capital efficient option in the 

 space. When designing the system, Fluid's creators focused on optimizing 

 (AMM) liquidity, reducing gas trading fees and providing accurate risk assessment. They hope that combining so many excellent features into one system will help them maintain their competitive edge in the DeFi space. 

While Fluid does provide a lot of cutting-edge features, it also aims to maintain the accessibility for which the Instadapp ecosystem is known. Fluid’s system aims to provide a user-friendly interface that traders can grasp in a few clicks. Like Instadapp's other products, Fluid prioritizes user satisfaction and intends to offer services that multiple DeFi traders have asked for.

The Fluid protocol runs on a complex blend of 

 and software. It uses traditional coding methods to handle many of its user interfaces, while tools from 

 and other blockchains help to manage the back-end functions. Key mechanics that Fluid uses to keep its system working smoothly include the following.

Fluid contains a broad range of different services for users to try. Following are the main features available through the Fluid website and app. 

 found in other DeFi systems. They consist of pairs of tokens, such as ETH and USDT. Each vault offers both a supply rate and a borrow rate, so users can join a vault to either lend or borrow money. Each vault uses enhanced capital efficiency and innovative liquidation mechanisms to streamline token transfer without impacting market prices. 

With Fluid, users can temporarily lend their tokens to others. The system supports a variety of tokens, and allows yields of up to 1.5 times your initial investment. Fluid's lending system is set up to ensure that lenders continue to earn staking rewards, delegation power and voting power associated with their tokens, even while they're locked in a lending contract. Traders start by connecting their wallets, and can begin lending almost instantly.

Fluid's borrowing protocol requires users to place a small amount of tokens as smart collateral in exchange for temporarily borrowing funds. Its fairly high collateral ratio lets people borrow up to 95% against their initial collateral. Additionally, it boasts low liquidation penalties of just 0.1%, so users don't have to worry about losing all of their smart collateral the moment that market trends shift.

Since its deployment in late 2023, Fluid has grown to become the third-largest DEX on Ethereum by volume. So far, advancement for Fluid has focused on expanding its pools to provide more lending and crypto trading options for users, and upgrading its vaults to support more assets. However, Fluid has big plans for the future. 

Like other protocols on Instadapp, Fluid is an entirely community-run project. 

 show that most members of Instadapp's governing body are thinking about long-term growth for Fluid. Users hope to rebrand Fluid as a standalone project, with its own definitive token. They also hope to add further protocols to support market orders, such as 

, interest rate swaps and forex trading. 

FLUID is the native token of the entire Instadapp system. Initially called INST, this token was 

 in order to highlight its pivotal role in running the Fluid DeFi protocol. As a utility and 

, FLUID is responsible for everything from managing governance body votes to paying fees. Just as with INST, FLUID has a total token supply of 100 million. However, the rebranding of INST did involve slightly adjusting its distribution schedule. The new distribution for the FLUID token will be as follows:

Since its release in 2021, prices for the FLUID token have primarily ranged from $0.05–$2. However, the announcement of the token rebrand propelled its value to $9 in early December 2024, and people expect its price will continue to rise as news about Fluid’s DEX is released.CoinCodex 

 that FLUID’s price will more than double to reach $22 within a month. However, once the initial excitement begins to fade, its price may drop slightly. CoinCodex suggests that the FLUID token’s price will return to a more stable price of around $13 by the summer of 2025. 

Looking to trade the FLUID token? Bybit now offers the FLUID/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 70,000 FLUID prize pool.

FLUID is certainly an intriguing option that combines the reliability of a long-term token with the excitement of a new launch. While its price might not stay high forever, it’s unlikely to drop drastically any time soon. This means there’s a strong potential for making money from FLUID. 

For most investors, the challenge of working with FLUID will be to time their purchases. Though you may lose money if you purchase at the peak of the Fluid DEX hype, buying at any other time could result in either short- or long-term profit. If you want to avoid the dangers of market volatility, you need to 

 and remember to keep your portfolio diverse. 

Fluid’s DeFi protocol provides valuable services to investors looking for an easy way to borrow, lend and/or trade crypto. While Fluid's parent company, Instadapp, has been around for a while, the Fluid project is just getting started. In the few months since its launch, Fluid has rapidly increased its services and attracted users from around the Web. As its system continues to evolve, users can expect more exciting news ahead.

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Fluid (FLUID): Utilizing Debt and Collateral as Liquidity

Bybit Learn

Tech Deep Dive

Blockchain

Although Ethereum has been running on the Proof of Work (PoW) mechanism so far, things are set to change in 2022. In this article, we detail Ethereum's upcoming switch to Proof of Stake (PoS): what the blockchain's current issues are, why it's switching to PoS and more.

With new tokens and platforms being developed all the time, an apt word to describe the crypto industry would probably be “dynamic.” While new cryptocurrencies pull out all the stops to break into the market, well-established cryptocurrencies are faced with the challenge of maintaining their rankings amid fierce competition. One way to do so is to constantly look at their offerings, and adjust/reinvent themselves in tune with consumer needs.

, the second most popular cryptocurrency after 

, has enjoyed a much higher rate of adoption and growth than the latter in merely the first five years of its existence. Still, the platform is plagued by a number of issues such as high gas fees and slow transaction speeds, and its competitors are catching up 

. Change is imminent, and Ethereum is stepping things up — with big changes listed in its road map. 

This article will explain everything you need to know about Ethereum's forthcoming upgrade, with information about what Ethereum is, why the Ethereum blockchain is switching to the 

 (PoS) consensus, and how the move will help solve the issues currently faced by the network.

Ethereum is a community-run technology powering the Ether cryptocurrency (ETH) and thousands of decentralized applications (DApps).

The network allows users to send crypto to anyone by paying a small fee. Ethereum also powers various applications that can be used by everyone, but can't be taken down by anyone.

Known as the world's programmable blockchain, Ethereum has built on Bitcoin's innovation. It comes with a number of significant differences and improvements.

Both Ethereum and Bitcoin allow you to use digital money without intervention by payment providers or banks. However, Ethereum is programmable, and can therefore be used to send many digital assets, including Bitcoin.

Ethereum is designed for more than payments — it’s a marketplace of financial services, apps and games that cannot censor you or steal your data.

 network, which is a decentralized, distributed public ledger that verifies and records all transactions. The Ethereum network is not operated or managed by a centralized entity — it’s managed by all of the distributed ledger holders. All participants have access to a copy of the Ethereum ledger, which includes details about all previous transactions.

 to verify transactions and keep the network secure. People use computers to solve complex mathematical equations (also referred to as 

), whereby each transaction on the network is confirmed, and new blocks can be added to the 

 at the heart of the system. Miners are rewarded with crypto tokens — e.g., ETH for Ethereum participants.

Like Bitcoin, ETH can be used to purchase and sell goods and services. However, Ethereum is unique in the sense that users can build their own applications that run on the Ethereum blockchain, like how software runs on a computer. These Ethereum-based applications can store and transfer personal data and handle complex financial transactions.

Proof of stake, or PoS, is a crypto consensus mechanism that helps process transactions, validate entries on the blockchain, and create new blocks while securing the blockchain.

PoS reduces the computational work required to verify blocks and transactions that keep the blockchain and its cryptocurrency secure. It changes how blocks are verified using the coin owners' machines. The owners put their coins up as collateral for the opportunity to validate blocks. 

 their coins are referred to as "validators." Validators are then chosen at random to 

 or validate a block, rather than the consensus being based on a competition-style mechanism such as proof of work (

If a coin owner wants to become a validator, they must first stake a specific amount of coins. Ethereum users must stake 32 ETH to become a validator. The blocks are simultaneously validated by more than one validator. After the block has been validated by a specific number of validators, it is finalized and closed.

Different PoS mechanisms use different methods for block validation. When it transitions to PoS, Ethereum will use 

 for transaction submissions. A validator will verify transactions and add them to a shard block, which requires attestation by at least 128 validators. Once the shards are validated and the block created, at least two-thirds of the validator pool needs to agree that the transaction is valid for the block to be closed.

Why Is Ethereum Switching to Proof of Stake?

 projects, the Ethereum network has grown tremendously in the last year.

So far, Ethereum has been the preferred network for developers working on NFT or DeFi projects, with over 200 DeFi projects currently hosted on the its blockchain. This increased adoption has led to a substantial rise in the number of transactions made on the Ethereum network. On the flipside, there’s also been a noticeable increase in the number of problems encountered on the network.

With more transactions occurring, miners have had to expend more computational power for the verification of transactions. This higher computational power consumes more energy, to the point where users have begun to evaluate the network’s 

At present, Ethereum uses 113 terawatt-hours (

 is equivalent to what the entire population of the Netherlands uses in a year. A single Ethereum transaction can consume the same amount of power as an average U.S. household in about a week.

This high energy consumption has become a significant concern among the scientific community, which has started to warn Ethereum developers about the negative impact of the network's

 on the environment. Since then, the PoW consensus mechanism has faced scrutiny by global lawmakers. In Sept. 2021, 

, partially over mounting environmental concerns.

The Ethereum network is also quite slow, with a current rate of only 15 transactions per second (

) — significantly slower than competitors like 

, whose TPS rates are in the hundreds and thousands, respectively. Another issue faced by Ethereum is its

 (transaction costs). Users pay exorbitant fees to have their transactions verified with the current PoW mechanism.

PoS: The Solution to Ethereum's Current Problems

Switching to PoS will decrease the amount of computing power required to process transactions, making Ethereum more environmentally sustainable. However, lower energy consumption isn’t the only benefit to be effected by 

After implementing the PoS consensus mechanism, Ethereum 2.0 will ostensibly use 99 percent less energy, allowing the network to scale and potentially perform as many as 100,000 TPS.

When Is Ethereum Switching to Proof of Stake?

Ethereum plans on transitioning its entire network to the PoS mechanism in a dramatic event called 

Ethereum's PoS approach has already been tested on the 

, launched on Dec. 1, 2020. As of March 2022, 9.5 million ETH ($37 billion in current value) has already been staked.

There are still two phases to go, but the full release of Ethereum 2.0 is expected in Q2 of this year (2022).

Proof of Stake (PoS) vs. Proof of Work (PoW)

With PoW, the probability of mining a block is determined competitively and is based on the size of the stake the person holds (i.e., the number of coins they possess).

With PoS, randomly selected miners are selected to validate transactions. The amount of computational work done by miners determines their probability of mining a block.

On a PoS blockchain, the block creator is selected by an algorithm based on users' stakes, rather than being determined by competition.

With PoS, the validator collects network transaction fees as a reward for completing a block.

PoS miners, on the other hand, can easily work with a standard server-grade unit. The only prerequisites they need to meet are securing a stake and building a reputation.

However, with PoS, it’s practically impossible for hackers to add a malicious block — as they would have to own 51% of all the cryptocurrency on the network to do so.

PoS systems, on the other hand, are less proven but much more cost- and energy-efficient than PoW systems.

 on March 16, 2022. In this decision’s direct aftermath, the value of ETH and a number of other cryptocurrencies increased. In general, rising interest rates hurt growth stocks. However, in this case, the declines had been priced in since January, so the market saw the rising rates as a good way to reduce inflation in the U.S. economy.

However, Ethereum faces a direct threat from faster and more efficient competitors eating into its market share. The network plans to address this challenge with Ethereum 2.0, which replaces the current PoW consensus mechanism with PoS. This change in approach will make the network faster, increase transaction capacity, reduce costs, boost security and decrease energy use, bridging the gap between Ethereum and key rivals like 

The Ethereum 2.0 upgrade is scheduled to conclude in 2023. According to analysts at

, ETH has the potential to cross $3,200 by end 2022, a +27.90% increase on its current price of $2,921 per coin.

It’s reasonable to presume the upgrade will boost the Ethereum network and help maintain its dominance in the DApp space. Given its branding, market dominance and planned upgrades to its infrastructure, Ethereum is without a doubt a solid long-term investment option. 

(Editor’s note: The views expressed above must not be considered investment advice. There is a lot happening right now, and 

. Please be cautious, conduct thorough research, and invest only what you can reasonably stand to lose.)

 on an exchange like Bybit. Here’s how you can 

 by filling in details such as your name, phone number, email ID, address and other 

 If you don't already possess USDT, USDC, UST, BTC or DAI, you’ll first have to buy one of these tokens using a credit card, debit card or bank transfer.

 You can then complete your transaction at a price of your convenience using a 

. Select the crypto with which you wish to buy ETH, enter your order price, and select the amount of ETH you want to acquire. If the token price reaches your specified amount, your order will execute and the ETH tokens will reflect in your account.

The Ethereum network is switching to the PoS system, and we’re excited by this major (and possibly industry-changing) move. While Ethereum’s impending upgrade to 2.0 is something to look forward to (with high expectations in the crypto community), only time will tell whether it lives up to its promises. In the meantime, be sure to 

Ethereum's Switch to PoS: What We Know So Far

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