
Ethereum to Roll Out Staking Withdrawal Testnet Zhejiang on February 1
This February, Ethereum is reportedly launching Zhejiang, the dress rehearsal testnet for its Shanghai hard fork.
This February, Ethereum is reportedly launching Zhejiang, the dress rehearsal testnet for its Shanghai hard fork.
Rally said that the current macro environment is too overwhelming to overcome while announcing its shutdown.
The successful launch of testnet means Ethereum is still on schedule to deliver the withdrawal features five to eight weeks from now.
Vitalik pointed out that there has been no viable stealth address solution thus far, even though it offers a more functional and comprehensive privacy solution when compared to the now-sanctioned crypto mixer Tornado Cash.
JPMorgan believes as many as 95% of Coinbase Global’s retail customers will opt in for the staking service after the Shanghai update.
Many other notable digital currencies are currently seeing massive gains, bringing the crypto market a remarkable 1.7% increase on the day to surpass the $1 trillion mark.
Along with the Ethereum Trust, several other Grayscale products are trading at steep discounts recently as parent firm DCG is grappling with liquidity issues.
The Ethereum network has significantly benefited from the merge event, which reciprocated to higher on-chain activity on layer 2 protocols.
Soon after the announcement by the official Twitter account, Elon Musk retweeted the launch of this novel feature, claiming that this was one of the many product launches added to the Financial Twitter.
The exchange added support for Ethereum in April last year, stating that “Ethereum gives users a different chance to claim their stake in the crypto world.”
Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
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