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

“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

Published

18 hours ago

January 21, 2025

Nour Nasir

ai seal certification now required for dubai gov partnerships

Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.