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.
ETHW will continue to use the PoW mechanism, providing a way for crypto miners to continue to put their mining rigs to use.
The Merge is only one part of a series of scheduled Ethereum software upgrades.
Despite more than a few concerns, the Ethereum Merge is expected to revolutionize the network with far-reaching positive ramifications.
New US inflation levels have pushed BTC and ETH prices downwards below $21,000 and $1,600 respectively.
The PoW mainnet will launch within the first 24 hours after The Merge.
While CME is launching its ETH options trading, the short ETH calls in the derivatives market have picked up significantly as traders are hedging the spot calls.
Meanwhile, the 1inch Limit Order Protocol has witnessed a decline in the volume of trades on the platform.
There are currently a number of factors that determines what positivity will trail the future of Bitcoin.
The Asian country of Singapore has the highest searches relating to the Ethereum Merge. Google has also released a doodle with a countdown timer for the Merge event.
True Names Ltd and Griffith filed the complaint in the US District Court for the District of Arizona. The filing named GoDaddy and two other companies.
Against popular belief that the transition to proof-of-stake will help revive all the metrics of the Ethereum network, most of its metrics remain down.
Binance will reportedly upgrade its smart-contract network to the Ethereum-popularized ZK rollup in 2023, to improve scalability.
Hive said that they would deploy their GPU miners to mine other Proof-of-Work cryptocurrencies. The company said that it is well-positioned to navigate the market ahead.
As clarified by the Ethereum Foundation, the Bellatrix Upgrade is not the Merge, but a crucial step to provide the Switch needed for the Merge to occur.
Leading multi-crypto mining service Poolin has announced that it has discontinued withdrawals on its platform due to liquidity challenges.