The Ethereum blockchain completed its long-awaited “merge” on Thursday morning, migrating the process it uses to confirm the authenticity of transactions on the network from proof of work to proof of stake. (Read more in The Information’s Crypto Global explainer here .) Ethereum is the largest blockchain on which developers build other applications. Its market capitalization, roughly...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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