Ethereum

At the time of writing, ETH sits at over $4,200 despite the catastrophic market crash witnessed on December 4 which liquidated open market positions worth more than $2.5 billion within 12 hours and diminished the total crypto market cap to $2.3 trillion. While all cryptocurrencies...

There are a number of solutions available right now that take us off the main Ethereum chain and allow us to run DeFi apps at a fraction of the cost. Because these scaling solutions execute transactions and computations of the main Ethereum chain, they're able...

In recent months, DeFi users have overburdened the Ethereum network, resulting in a backlog of unprocessed transactions. As a result of this situation, decentralized applications and networks are threatened by network congestion and high transaction fees. Is it Necessary to Have Low-cost and Fast Microtransactions...

Bitcoin and Ether Available to CustomersBBVA Switzerland announced the news via a press release on Monday (Dec. 13, 2021). According to the announcement, the move made BBVA Switzerland the "first traditional bank in Europe" to include ETH in its services. With the latest development, private...

As the number of users/projects depending on Ethereum increase, related resources become scarcer. Ethereum still stands limited to transaction rate. The limit is twelve transactions per second and spreads across global entities. Gas fees refer to the amount of Ethereum a user has to pay...

What Happens When the Difficulty Bomb is Detonated?The difficulty bomb is a coding implementation on the blockchain that increases mining difficulty. It leads to an increase in time when mining new blocks, thus reducing mining rewards. The 2022 implementation is designed to make mining under...

During the much-anticipated Merge event, the Ethereum Mainnet will become its own shard. The process, which is scheduled to occur in the second quarter of 2022 will bring to an end the current Ethereum Proof of Work system and convert it into a Proof of...

Coinbase, the largest local crypto exchange in the US, recently announced the acquisition of another company — this time a cryptocurrency wallet firm called BRD. The exchange was not revealing too many details regarding the acquisition, and the price of the deal remains unknown for...

In just one year, Ethereum has seen a massive surge in price, growing from about $746 from December 2020 to now trading at $4,670. Although many see the good, that is the massive price growth, the Ether network still has a standing issue, high transaction...

It Enhances the Utility of the Ethereum BlockchainPolygon, formerly known as the Matic Network, is a formidable Layer-2 scaling solution that enhances payment and lending networks on the Ethereum blockchain. It also boosts the performance of atomic swaps, DEX, and dApp operations. In a nutshell,...

Ethereum’s developers, headed by the network’s founder, Vitalik Buterin, have been working towards ETH 2.0 to switch the platform to a proof-of-stake consensus. What is the Ethereum Merge? When the Ethereum network was initially created, the Beacon Chain protocol was separated from the Mainnet, with...

The dApp builder has further surged in utility thanks to the advent of decentralized finance (DeFi) and the growing popularity of non-Fungible tokens (NFT). These developments likewise contribute to the upward price trajectory of Ether (ETH), the native digital asset of the Ethereum blockchain. The...

Yes! Although Vitalik Buterin's cryptocurrency maintained its name, logo, and exchanges listings, Ethereum Classic (ETC) holds the original block sequence. The dispute happened in July 2016, when a hacker drained 3.6 million Ether (ETH) coins from a decentralized application, The DAO. At that time, it...

Currently, Ethereum is trading around $3800 according to data from CoinGecko, hence making a jump to $100,000 will take several years, and it will depend if the altcoin maintains its relevance over the years. The $100,000 mark has currently been set for Bitcoin, with some...

Currently, it's looking like a worthwhile venture. They are taking the world by storm and giving content creators more power to earn. NFTs represent ownership of unique items, and by tokenizing a piece, you are directly selling it off to one of the bidders. The...

Ethereum can be described as a lot of things, such as the world’s most popular blockchain-based development platform, one of the most important crypto projects ever to be created (second most important, actually, after Bitcoin), the birthplace of smart contracts, dApps, DeFi, NFTs, and more....

The expansion debate usually heats up in times of high network activity, such as the CryptoKitties boom in 2017, the DeFi summer 2020, or the crypto bull market in early 2021. During these periods, the unprecedented demand for the Ethereum network has resulted in extremely...

Things have reached the point where developers have started abandoning the project in search of more scalable networks, which is very bad for Ethereum in the long run. Of course, there is always a chance that Ethereum 2.0 might turn things around, but that will...

Kim Kardashian Promotes Ethereum MaxKim Kardashian recently found herself in that spot after advertising an unknown token called Ethereum Max on her Instagram page. The now-deleted Instagram story mentioned Ethereum max token to her followers after stating that it's not financial advice. With over 250...

Bitcoin and Ethereum are Crypto HeavyweightsFor context, Bitcoin has a commanding segment in terms of market valuation. As of September 17, 2021, Bitcoin had a market capitalization of $895 billion. This figure represents a healthy 42 percent share of crypto overall valuation. On the other...

Buterin's journey has been a long one, one that has seen him make his way from Russia to Canada more than a decade and a half ago, a move that would one day put him at the helm of the decentralized finance (DeFi) revolution that...

Currently, Cardano ranks as the third-largest cryptocurrency with a market capitalization of around $77 billion. Ethereum has a market capitalization of around $380 billion; hence for Cardano to surpass it, the network needs major adjustments that will increase the use cases and demand for ADA...

We all know how painfully expensive it is to transact in Ethereum. $50 to post a single transaction; ridiculous, right? Yet this is a head scratcher we all find ourselves in. Gas Price VolatilityOver the past year, Gas has been tumultuous — an unprecedented situation...

What can be a better way of starting September than the easing announcement from Offchain Labs releasing Arbitrum to the mainnet for everyone? Scaling and Ethereum—basically all Proof-of-Work--is not elite on this metric. For obvious reasons. In the early days, Ethereum, Bitcoin, and crypto were...

For the first time since its EIP-1559 upgrade, the daily issuance of Ethereum (ETH) – the second-largest cryptocurrency by market cap globally – went negative. On September 3, 2021, its net emission was -333, which is a negative figure posted 30 days after the upgrade,...

Ethereum “London hard fork” activated on August 5, making it one of the major changes to the Blockchain over the past five years. The upgrade was to correct the volatile gas fees during transactions and to add other features to its mining. This is also...

This model presented a problem because the companies and agencies had to share the money made and the rights to the creative works the professional produced. In summary, the creatives were sometimes short-changed. This is a unique problem, and like many problems in the past,...

Ethereum 1.0 relies on miners to deploy computational resources for verifying blocks and securing the network. Under the imminent Ethereum 2.0, validators will take on this role of voting on the next block. The ongoing changes on Ethereum will eventually merge ETH 1.0 to the...

Ethereum is considered by many to be the most important blockchain in the cryptocurrency space. It spearheaded numerous innovations in the crypto space, including initial coin offerings (ICOs), decentralized finance (DeFi), non-fungible tokens (NFTs), and more. Thanks to its contribution to the growth of the...

According to recent information, there are over 6.3 million ETH staked in Ethereum 2.0. The worth of the staked ETH is currently about $22 billion. Many questions arise, like what is ETH 2.0, and when will it be merged? This guide looks into Ethereum 2.0...

DC residents, Yuki and Art Williams have elicited the support of professionals to help retrieve 3,000 Ethereum tokens valued at over $9 million in today’s value. The Ethereum coins were purchased directly from the Ethereum.org website during the Ethereum Foundation pre-sale in 2014. The family...

Vitalik Buterin (one of the founders of Ethereum) has suggested solutions he feels will scale the crypto ecosystem. Particularly, the Ethereum Network. He says the Ethereum network needs to expand beyond just making tokens that help with trading other tokens. Takeaway points Vitalik Buterin wants...

History and Introduction: Cardano and Ethereum Usually, when we discuss digital currency, we hype up the coins with the larger market capitalization and higher price value. However, the crypto market has few other coins with a comparatively lower market cap but unique features. Yes, there...

Overall, new solutions keep appearing as regulatory compliance requirements ask for foundational layers that enable better security token creation, and management of liquidity, among other factors. The Polymath Network is now setting its tone on the ground. It raises discussions on how the blockchain industry...

Although cryptocurrencies represent one of the most groundbreaking innovations in the business and financial sector, no technology is immune to the competitive pressures of progress. Even Bitcoin, which pioneered the very concept of virtual currencies and the blockchain, suffered from technical inefficiencies that were ripe...

Nevertheless, 2021 is the year when the advantage turns out to be on the side of Ethereum. Now, among his associates, there are even the crustiest financial conservatives. But what about Ethereum is so attractive to distrustful classics of banking and payments? Let’s try to...

As the flames fade out from the Olympic cauldron in Tokyo, history will remember this quadrennial tournament as unlike any other. Due to the lingering dark cloud of the novel coronavirus, the Japanese government imposed extraordinary mitigation measures, resulting in no fans in attendance. But...

Ethereum, the second-ranked digital coin, has surpassed Bitcoin with an annual return of 370% this year. Presently in the crypto market, Ethereum is trading at $2,351. According to analysis, the digital coin has made a lot of income for prominent players like the European Investment...

The name Ethereum is one that many of those in the crypto market are familiar with. After all, it is the second most valuable cryptocurrency by market capitalization. But only a few people are familiar with Ethereum Classic. Ethereum Classic is the lesser-known relic of...

Anthony Di Lorio, one of the eight co-founders of the Ethereum network, recently revealed to Bloomberg that he is stepping away from the cryptocurrency scene. We look at why he is making this decision and its impact on the broader blockchain industry. Decision based on...

The founder of Ethereum, Vitalik Buterin, has stated that he has plans to grow Ethereum beyond decentralized finance (DeFi). He discussed how Ethereum had the potential to develop a decentralized social media platform. Buterin was speaking during the Ethereum Community Conference (EthCC), in Paris where...

After many months of planning, Ethereum has finally activated the London hard fork on August 5. A hard fork is an irreversible change to the network, and this particular one has been hyped for many years. Unfortunately, it has also been with its fair share...

Now, the crypto scene is gearing up for a much-anticipated upgrade; the London fork. With only a few hours left, according to the official site's countdown, crypto enthusiasts across the globe are eagerly waiting to see what direction the markets take following this fork. And...

Currently sitting at $2,013, the price of Ethereum has taken a dive from its all time high of $4,362, having dropped 55.79% in 2 months. Fed by the growth of the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) industries, the rise of Ethereum’s use has...

To solve this issue, Ethereum developers are looking for alternative mechanisms that the network can adopt to give it a competitive edge over other upcoming and scalable networks such as Solana and Polygon. One of the ways that Ethereum seeks to achieve this is by...

A blockchain is a completely decentralized system where there is no central authority to authenticate or verify any transaction. Finance is such a critical thing that still for each transaction, verification is mandatorily required. For validating a transaction on blockchains, few nodes within the network...

This question became a lot easier to answer by mid-May, when the price of Ethereum crashed to under $2,000 again, in the aftermath of the Bitcoin meltdown. It is currently sitting at around $2,700, while it waits to see which direction the market goes next....

At the start of the NFT boom in February, many predicted that as people purchased digital arts, there would be cases of piracy and theft. It wasn't long before it began. Impersonating Artists As the NFT gold rush continued to surge in March, artist Derek...

The headlines circulating in crypto circles in recent months about the Ethereum network have mainly covered the high gas fees and slow speeds of the network. This lack of scalability on the network has led many DeFi developers to look for other alternatives such as...

Earlier in the year, the soaring rise of Bitcoin immediately captured the mainstream media’s attention, as analysts covered with near incredulity the original cryptocurrency jumping from one record-breaking threshold to another. But as BTC marched its way toward $50,000 and beyond, alternative cryptos or altcoins...

Ethereum Use Cases Since launching its mainnet in 2015, the Ethereum protocol is providing the foundation for the development of the cryptocurrency industry. From Initial Coin Offerings (ICO) that launched many of the leading decentralized platforms and applications (dApps), to decentralized autonomous organizations (DAOs), decentralized...

Ethereum is a token that often gets misspelled. It also gets confused with an element on the periodic table. Of course, to those in the crypto world, we know it's something entirely different. From Ethereum, we have smart contracts, an innovation that opened infinite possibilities...

Vitalik Buterin, the writer of the Ethereum whitepaper, recently stated that Ethereum could grow by 100 times in the coming months. He revealed these details in an interview with Tim Ferriss podcast, where he also said that the Eth2 was already running as a proof-of-stake...

The crypto market is pretty hot (and brutal) right now. Away from prices, it’s best to understand the underlying technology and certain special jargon in blockchain and crypto. By now, you might know that Ethereum is the pioneer smart contracting network. By this, I mean...

A change in fee structure in the Ethereum blockchain is scheduled for incorporation into the upcoming network upgrade or hard fork dubbed the “London fork”. The network upgrade was initially proposed in 2018 by the programmer and Ethereum Co-Founder Vitalik Buterin. It is set to...

Through the history of blockchain technology and cryptocurrencies, new projects are continually being churned into the cryptospace and new opportunities present themselves every other day. However, the diversity made possible by open-source blockchain such as the Ethereum network through which decentralized finance (DeFi) products abound...

The Ethereum blockchain code was designed as an open-source system, allowing other programmers to design smart contracts that can address real-world problems using blockchain technology. Till the last quarter of 2020, the Ethereum blockchain has hosted as much as 1.5 million smart contracts according to...

Ethereum Berlin upgrades went live on the main net in the middle of April. It followed the Istanbul and Muir Glacier updates, which took place in December 2019 and January 2020, respectively. Berlin belongs to the series of upgrades that take Ethereum all the way...

A couple of years back, it was almost impossible to suggest alternative networks in place of Ethereum simply because of its role as the pioneer hub for non-fungible tokens (NFTs), decentralized finance (DeFi), and smart contracts. As the years go by and the network’s inability...

Ethereum saw its market value plummet by nearly 22% on the weekend of April 17th, shedding over 500 points within hours. More than $1.16 billion worth of long and short ETH positions were liquidated across the board. While most of us trembled with fear after...