Why ETH has fallen about 10% today ?
$ETH has fallen about 10% over the past hours.
But Why ?
The Ethereum blockchain is now working with the ( POW ) proof of work consensus mechanism, where remittances and financial transactions are documented and executed through the work of miners, where they receive financial incentives in exchange for this, and this is done through special mining devices.
From a NOT short period of time, preparations have been made for the transfer of Ethereum to a POS proof of stake consensus mechanism, where remittances and financial transactions are validated and executed through this technology, and anyone can participate in the network's validators and obtain financial incentives through staking that is storing currencies with network validators.
Transfer Moving from POW to POS requires a significant increase cause mining difficulty before relying on staking, this process is called difficulty bomb
But today it was announced that the difficulty bomb has been temporarily suspended due to bugs and errors in the code, so the transfer to the Proof of Stake has been postponed for another month (from September to October).
Unfortunately, this is not the only delay, and perhaps not the last, it comes after a series of delays and waiting for Ethereum to transfer to Proof of Stake!
