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.
The Tips feature allows users to receive money, BTC, or ETH through the third-party payment service added to their profiles.
The choice of Ethereum as a digital currency to own is not far-fetched as the coin is one of the most promising cryptocurrencies in terms of utility.
The average transaction fee in the Ethereum ecosystem has proportionally dropped with the network activity and the market price historically.
Polygon seeks to use these funds in pushing the development of Web 3.0 applications as it seeks to become the Amazon Web Services of the Web 3 world.
KPMG Canada has joined a growing list of major corporations to create exposure to exposure to crypto through Bitcoin and Ethereum.
The 1inch Earn employs concentrated liquidity distribution thereby offering an efficient reward system to liquidity providers.
The volume of NFT sales swelled to unprecedented levels in January.
The Internet Computer released a roadmap for the new year which reveals plans to roll out integrations with BTC and ETH by the end of 2022.
Ethereum exchanged hands at around $2,400, having dropped approximately 1.1 percent in the last 24 hours.
The A0K1VERSE project has been underprocessing for over 8 months and will be curated to furnish collectors with wide-ranging aspects of the star’s creative life, for example from music to NFTs, fashion, etc
Historically, the crypto market led by Bitcoin and Ether has been characterized by high volatility in both directions of the market.
The decline in the crypto prices is related to the decision of the Federal Reserve to withdraw stimulus funds from the market.
Bitcoin exchanged hands at around $39,021.77, having shed approximately 7.5% in the past 24 hours. Consequently, the asset is down approximately 20%, 9.7%, and 8.4% in the past 30 days, 14 days, and seven days respectively.
The hack prompted Crypto.com to conduct an internal audit of its systems, and according to the platform, other third-party security agencies have been contracted to also help audit its systems.
Cardano (ADA) was up 29.89% in the past seven days compared to Bitcoin and Ethereum 0.28% and 2.04% up respectively.