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.
Stay up to date with the latest ethereum news and information on Coinspeaker as we bring you breaking news on ethereum price, market capitalization, wallets, dApps, smart contacts, and its blockchain.
The anticipation of a potential Ethereum ETF approval in the US has been a major catalyst behind the recent bullish sentiment surrounding ETH.
While the Ethereum staking activity has seen some boost in recent times, the staked Ether’s annualized yield remains stagnant even below the 10-year US Treasury note yields.
ERC-404 market slumps amidst reported impact on Ethereum gas prices.
Although the technical direction of Ethereum remains largely unchanged, Buterin’s commitment to reviving the cypherpunk spirit of the chain’s early days speaks to a passion for privacy.
The ERC-404 launch continues to draw massive interest from the crypto markets due to its merger of fungible and non-fungible tokens. Are there early adopters already?
On March 13, at slot 8626176, the Ethereum network hard fork for Dencun will take place on the mainnet, after successful testnet launches.
After launching on the Goerli and Sepolia testnets, the Ethereum Dencun upgrade is now live on Holesky in anticipation of a mainnent launch.
Amidst this groundbreaking collaboration, ENS remains embroiled in a legal dispute with GoDaddy over the sale of an ENS domain “eth.link”.
By introducing blob transactions, proto-danksharding enables more efficient data storage. This subsequently lowers the overall costs for users when submitting transactions on Ethereum.
According to Standard Chartered, an ETH ETF approval will come from the SEC in May, and could possibly pump ETH price to $4,000.
The crypto industry eagerly anticipates the official mainnet for Dencun’s upgrade that will potentially reduce the outrageous gas fees associated with Ethereum.
After a year of underperformance in 2023, the ETH/BTC dominance will grow this year on the backdrop of Dencun upgrade and other contributing factors within the Ethereum ecosystem.
The crypto community is discussing the chances to see the spot ETH ETF applications approved in May 2024.
The imminent approval of Bitcoin spot ETFs in the United States is expected to pave the way for more fund managers to apply for Ethereum spot ETFs in the near future.
Blockchain analytics firm Nansen reports that almost a third of the ETH in the pending withdrawal queue belongs to Celsius, totaling 206,300 ETH valued at approximately $468.5 million at current prices.