Ethereum is generally maintaining its bullish trend and should the current accumulation be sustained, the digital currency is billed to test more ambitious price levels in the coming weeks.
Ethereum is currently retesting September’s daily highs with the momentum pointing towards a new ATH.
Aurora said that it will use the funds for the development and maintenance of the EVM along with the bridges that it is currently operating between Ethereum and NEAR.
By leveraging the NEAR Protocol Opera users will be able to enjoy the speed and scale with a much lower gas fee than Ethereum offers. The users will be able to transact NEAR assets directly within the Opera browser.
The Polygon network pulled in a higher number of active addresses than Ethereum, with MATIC jumping more than 5% in the last 24 hours.
The EIP-3554 implementation delays the activation of the difficulty bomb by six months giving some extra time for miners. However, the developments with PoS transition make it clear that Ethereum miners’ revenue will slowly come down to nil.
Eth 2.0 is anticipated to deal with mainnet’s low throughput and high transaction fees compared to the upcoming smart contract blockchain dubbed Ethereum killers.
The comparison was drawn by the senior economist and market strategist at the bank – Marion Laboure.
The Ethereum network started facing congestion, which in turn resulted in very high gas fees being charged from users making transactions on the blockchain.
As per the recent cup-and-handle formation, Ethereum is all set to give a bullish breakout above $4,112 levels post which it can rally all the way to $6,500 and above.
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.
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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