Ethereum Shows Signs of Life, Hits $1,400 After Merge - Forexsail

• Daniel
• 18 Jul, 2022

It's a way off the $4,800 all-time-high, but the ether cryptocurrency is showing signs of life after a long downward spiral that began in April. Following news that the long-awaited Ethereum Merge could happen in September, ether passed $1,400 on Sunday. It's the first time either, the second biggest cryptocurrency has broken at $1,400 since June 13.

Ether has been hit particularly hard by the recession fears that have gripped the global economy. Since the new year dawned, its lost 62% of its value -- worse than the 52% cut bitcoin has endured. Since ether forms the basis of the nonfungible token market, NFT values have plummeted with it.
 

At the time of writing, ether's value is up 26% compared to five days ago. The hike is being attributed to news that the Ethereum Merge, which will see the blockchain become nearly carbon neutral, is tentatively scheduled to be executed on September 19. That date was penciled in during a recent conference call among Ethereum developers, though it was noted that the data is subject to change.

The Ethereum Merge will see the blockchain transition from its current proof-of-work system to proof-of-stake. What does that crypto mumbo jumbo mean? The short story is that the solving of cryptographic puzzles, which is the part that guzzles electricity, will no longer be part of the blockchain mining process. As a result, Ethereum is estimated to reduce its carbon footprint by 99.65%. You can find a full explanation of the Merge here. 

Ethereum's transition to proof of stake has been in the works since before the blockchain was even created, and has been delayed many times. That developers are confident enough to for the first time lock in a specific date -- September 19 -- rather than wider time periods like "sometime in 2022" has got investors excited. 
 

Your iPhone browsers can benefit from a little routine maintenance, just like most things. Over time, they become digitally cluttered, which can slow down page loading times or sometimes cause pages to load wrong.  

Regardless of whether you prefer Chrome or Safari or any other browser, it's a good idea to periodically clear your cache. This will speed up your phone while you're browsing the web, whether you're using iOS 15 or the public beta of iOS 16. You can also manage your iPhone's storage to help get it running fast again. Think about it like clearing off your digital countertops. 
 

Typically, visiting a website requires your phone to download information like photos, banners, and other data. To help speed up that process, most internet browsers will store some of that data in a cache so it's easier to retrieve. You toss your keys on the kitchen counter because they're easy to pick up the next time you need them. 

Things become less convenient when your browser's cache gets outdated and the data being retrieved no longer matches the data actually being used on the website.

The result? Slower load speeds and wonky website formatting. This is the equivalent of tossing your keys and your mail, coat, reusable cup, and whatever else on your counter. Suddenly, you don't have room to do anything.

That's why clearing your cache can help: It gives sites a fresh start in your browser and frees up some space in your storage. Note that clearing your cache will sign you out of sites you're currently logged into.
 

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Still, it's generally worth that mild inconvenience every now and then to keep things moving quickly. Here are step-by-step guides on how to clear your cache on your iPhone based on the browser you use. Source: Cnet