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.
There has been a massive decrease in ETH issuance since the Ethereum network completed the Merge, transitioning to the POS mechanism.
The duo of Opera and Elrond are committed to the partnership and have pledged to continually build the product in a way that will draw more users to the Web3.0 ecosystem by lowering the most critical barriers to entry for all.
The Volmex Implied Volatility index, or the VIV will measure the constant 30-day forward projection of the volatility in the Bitcoin and Ether options market while using the real-time crypto call and put options.
With the US controlling 45% of the total Ethereum nodes, the SEC is claiming complete jurisdictional rights over the entire Ethereum network.
According to Citi analysts, the total number of tokens supplied on the first day of the Merge dropped as the fees burnt were more than the rewards issued to validators.
Following the Merge update, the Ethereum network wants to roll out other scaling upgrades.
The replay attack and some other factors are contributing to the downward spiral of the ETHW token.
The news of the attack has resulted in the price of the token plunging to thirty-five percent of its initial value.
The crypto market continues unimpressive performance as Bitcoin consolidates below $20k and Ether dips further following post Merge sell-off.
Over time, the SEC has warned that firms offering crypto-lending products must register with the Commission.
Both ByBit and FTX are offering ETHW trading following the successful Ethereum Merge, even as the network is preparing for a hard fork.
Some social media users have warned about interacting with EthereumPow citing chances of replay attacks as well as the possible volatility around the cryptocurrency’s value.
VanityBlocks are in no way a cheap means to mint an NFT as the team had to pay nearly $50,000 to mint an NFT on the last block of Ethereum PoW.
The leading mining pool on Ethereum, Ethermine, has become the largest mining pool on Ethereum Classic after the Merge.
There are now a lot of expectations from the wider Ethereum community as many will now look to test out the capabilities of the new Proof-of-Stake protocol.