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.
Ethereum developers successfully conduct the Merge upgrade on the Sepolia public testnet. However, they still encountered minor hiccups during the launch.
The launch of Bitmain AntMiner E9 comes a year after the announcement. Also, the launch comes just before Ethereum’s move to the Proof-of-Stake blockchain raising doubts over its future sales.
The mini-rally recorded in the last 24 hours is believed to have been caused by the positive movement in Total Value Locked across Ethereum as well as improved on-chain activities.
Ever since Bitcoin price dropped to current levels of around $20k, miners are rewarded approximately $120,000 per successful mined block.
Ethereum gas fee plummets as NFT sales and DeFi activity on the platform are on a sharp decline over the last two months.
The Ethereum Foundation (EF) has announced its plans to shut down three of its major testnets after the much anticipated “The Merge” event that will transition the protocol fully to a Proof-of-Stake (PoS) model.
New predictions from Hayes are in line with that of many analysts who think prices could fall further if prices reach the $20k support.
Curbing the inflationary growth can indirectly ease off the pressure on the stock market, which is bound to translate to Bitcoin and the hoard of tradable altcoins.
Recently, Goldman Sachs has teamed up with Coinbase to come out with the first crypto-backed loan.
Despite the bearish market, Mike Novogratz believes the prices will not fall much further.
Wintermute warned that hacker(s) have a week to consider being a whitehat. The crypto market marker threatened to track all responsible for the hack after the one-week grace period.
With this success, Ethereum developers will now gear to implement The Merge upgrade ahead this year in August 2022. The developers are still working on some minor bugs and will monitor the Ropsten network performance over the next few weeks.
The Ropstem Merge upgrade shall be a critical step to check whether the client software on the Ethereum nodes perform normally and without any bugs.
Bitcoin miner Hive said that it has grown its hashrate by 8% during the month of May and mined 273.4 Bitcoins last month.
With several tech experts joining hands against crypto, Vitalik Buterin said that it pains to see that the crypto industry has turned so adversarial in the last decade.