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.
Mashinsky says Bitcoin is best held as a store of value, while Ether’s primary use is yield farming.
As people look out for the long-expected hardfork with the EIP-1559 upgrade for ETH at the end of the week, there is every possibility that it could be postponed.
The implementation of the EIP-1559 protocol – which changes the base fee structure making Ethereum blockchain deflationary – is creating much excitement among the investors.
SkyBridge Capital’s Scaramucci plans to seek expansion from Bitcoin and is set to launch a private Ethereum fund with an ETF to branch out crypto operations.
The analysts project staking yields across the blockchain industry to double again to $40 billion by 2025 after the next phase of the energy-efficient Ethereum 2.0 is unveiled.
According to Messari, USDC is all set to become the next governing stablecoin on Ethereum due to its rising popularity on DeFi.
CoinMarketCap reveals that the feature is accessible on the pages of supported coins.
In a market-wide recovery on Tuesday, Bitcoin and Ethereum have reclaimed crucial levels after a week-long volatile session. Check out some interesting on-chain metrics for the two cryptos.
Bitcoin and Ethereum are both regaining some lost weight as their current price points show considerable increase from recent lows.
The Optimistic Virtual Machine (OVM) is compatible with the Ethereum Virtual Machine (EVM), which means Ethereum developers can migrate existing smart contracts without breaking them.
Cardano founder Charles Hoskinson called Bitcoin outdated, owing to its inefficient community and work culture.
Institutional participants for Ethereum 2.0 staking have started showing major interest even before the launch of the mainnet. Banking giants have started seeing the huge potential with staking services on the Ethereum blockchain network.
Goldman Sachs executive said that the recent market rout provides a great opportunity to new entrants and its clients are showing greater interest in crypto-based products in recent times.
With bearish and bullish catalysts lined up all around ETH, it remains to be seen what direction the market will go and what choices traders will make.
This new avenue of ETH-backed loans offered by Anchorage will make way for a new client base.