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.
According to CoinGecko co-founder Bobby Ong, ETH holders need to move assets on exchanges that support the ETH PoW tokens.
All deposits and withdrawals will be suspended about half an hour before the Merge starts, but normalcy will return to transactions as soon as the upgrade is completed.
Although ETH price gave a breakout of the wedge pattern, markets have turned cautious over the spotting of Nord Stream 1 by Russia and the possibility of exacerbating energy crisis in Europe.
As per reports, the attackers managed to steal NFTs even from Bill Murray’s personal wallet which had more than 800 NFTs.
For close to two years since the Beacon Chain of the POS version of the Ethereum protocol went live on the mainnet, anticipation toward the Merge has heightened.
The firm also claims it generated more than 99% of the domain sales volume on OpenSea.
OpenSea says it will focus on supporting proof-of-stake NFTs after September’s Ethereum mainnet upgrade, seemingly abandoning everything PoW.
Over the summer, Binance.US and Binance offered free trading in multiple Bitcoin pairs which resulted in an 8% growth in the market capitalization of BUSD.
The integration of Polygon on the Seaport marketplace from OpenSea opens access to a lot of new features for the trading platform’s users.
The recent rally in the ETH price happened after some key developments in the Ethereum ecosystem.
Offchain Labs also revealed that it had updated its Arbitrum Operating System (ArbOS), rewriting it in the Go programming language.
The Bitcoin euro futures contracts will be sized at 5 BTC per contract and the Ether euro futures contracts will be sized at 50 Ether per contract.
Following the Jackson Hole meeting, strong liquidations took place in the crypto market. Bitcoin and altcoins have seen a greater fall last weekend.
Despite the suspension of withdrawals, Binance said there will be support for spot Ethereum and ERC-20 tokens trading during The Merge event.
Coinbase is launching its second derivatives product – the nano ether ETH futures on its derivatives exchange in the coming week.