The Ethereum network is well poised to be the first cryptocurrency network to process US$1 trillion in transactions by the end of 2020.
BitMEX plans to offer futures contracts for DeFi projects Yearn.finance (YFI), Polkadot (DOT), and Binance Coin (BNB).
Bitcoin price has performed rather well during the pandemic in comparison to the Dow Jones that was down 0.80% year to date.
Ethereum has made considerable progress particularly with the success of the Zinkel Testnet launched last week.
The pioneer cryptocurrency remained stagnant during the third week of October.
On Wednesday, 14th October, BTC/USD was trading in the price range between $11,430 and $11,568.
The Ethereum co-founder Vitalik Buterin noted that the sharding implementation can take time. Meanwhile, he advised users to move to other layer-2 scaling solutions like rollups that offer 100x transaction throughput.
According to Schwartz, project founders are not bound to have complete faith in their abilities and ideas. He indicated that by not having complete faith, they can make better decisions.
The progress made with the Ethereum 2.0 testnet Zinkel, Medalla as well as others, gives a renewed hope of the migration of the network before the end of this year.
Just as Bitcoin was a spark for the cryptocurrency movement, it seems that Ethereum is likely to take a similar role in the history of DeFi.
The RIF BTC-ETH bridge was developed by the RSK team and it serves as an interoperability bridge that locks the original token such as DAI on the Ethereum blockchain while minting an ERC777 ‘side token’ that can move freely on the RSK network.
Using rollups, Vitalik Buterin promises a massive 100x in transaction throughput for the Ethereum network. When combined with Sharding the output can multiple to 6400x.
In general terms, Ethereum had a month of losses in September with two downward waves and bleak prospects of a recovery in the near term.
The SKALE Network is a security and execution layer that connects with the Ethereum network and lets developers build their projects faster and with better performance.
On Thursday, October 1st, ETH is stable, trading near $362.50.