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.
Pal’s bullish sentiment on Ethereum is a result of Ether’s price movement over the past few days compared to that of Bitcoin.
Vitalik Buterin said that he is happy to see crypto ETFs getting delayed as the market hasn’t reached enough maturation.
Google’s Blockchain Node Engine will offer a “fully managed node-hosting service” making it easier for Web3 teams to deploy their nodes securely and with minimum efforts.
Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.
As a result of the increased activity on Ethereum in recent weeks, fewer ether tokens were issued as validator incentives and more tokens were burned as transaction fees.
The company’s official website has been offering its visitors market information about Ethereum. In the same way, it began with Bitcoin back in 2014, BTC was later introduced as a trading instrument to its institutional investors.
The European Commission is preparing the minds of EU members to be ready to stop crypto mining “in case there is a need for load shedding in the electricity systems.”
The Ethereum network has launched a testnet as it prepares for the Shanghai major upgrade expected sometime next year.
In addition to this, Google has partnered with Coinbase and will allow its Cloud services customers to make payments in cryptocurrencies.
Polygon unveils the public testnet of its Layer 2 zkEVM scaling solution and would allow DeFi protocols Uniswap and Aave to test different functions.
Leading asset manager Fidelity reveals Ethereum Index Fund with $5 million in sales in less than month, and a $50K minimum requirement.
Binance announced support for the ETHW mining pool with a one-month promotional period wherein it will be no fees for participants of ETHW Pool.
Vitalik Buterin recently announced the release of his new “Proof of Stake” book and intends to donate all sales proceeds to fund the web.
According to the report, Bitdeer Technologies, owned by Wu, will contribute $50 million to the $250 million fund.
Analysts hold a strong belief that the current market surge would be short-lived.