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.
While ChainShot has been on a roll lately, its acquirer Alchemy has also been gradually rising its developer resources.
The Ethereum Foundation has explained how the Merge upgrade will happen in two different parts on the consensus layer and the execution layer.
The cbETH token will give customers the option to sell, transfer, spend, or otherwise use their staked-ETH while it remains locked.
As part of its future outlook, Blue Pepper disclosed that the team is currently looking for alternative decentralized ways to bridge Dogecoin to Ethereum and other chains.
After a strong rally in July and part of August, the risk sentiment in crypto has once again turned negative. Expectations of upcoming Fed rate hikes have been putting pressure on the crypto market as a whole.
Cramer also cautioned investors to realize that companies will likely continue to have difficulty making long-term plans as they cope with the swift and ongoing changes in the economy, and that includes crypto firms.
The upcoming September Ethereum Merge has already sparked conversations as the blockchain seeks to overhaul its operational module.
Former exec at Meta David Marcus has praised Bitcoin and its capabilities ahead of the highly-anticipated Ethereum Merge.
While investors are supposed to react positively to the news in the crypto space, the opposite is exactly what is being recorded.
As the open interest for Ethereum options shoots to $8 billion, CME plans to bring ETH options contracts just ahead of the Merge event.
The Ethereum Merge Mainnet Readiness Checklist highlights several tasks for developers pending the mainnet launch.
Fidelity Chief Jurrien Timmer recently took to his Twitter page to share his thoughts on the value of Bitcoin.
Based on the current market condition, this sale is considered an outlier. However, this is not a record sale on the market.
As Coinbase opens an ETH staking facility for institutional investors, this could prove to be a major income stream for the crypto exchange in the future.
The recent surge in the Ethereum options open interest comes amid all the positive developments leading to the Ethereum Merge next month.