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.
Miami’s Mayor said he was motivated to acquire digital assets after the US government signed the latest round of stimulus bills.
The NortonLifeLock management said that with the introduction of Norton Crypto, the company hopes to empower miners and make their quest for efficient mining more successful.
Internet Computer anticipates providing solutions to the scaling challenges experienced by Ethereum while maintaining decentralization and security.
Bitcoin has risen around 20% from its lowest in May to above $30,000.
While comparing Dogecoin to NFTs, Druckenmiller said that the meme-cryptocurrency has got an unlimited supply and that he doesn’t see much utility for DOGE going ahead. He said that it doesn’t bother him if DOGe price goes up or down.
As the debate for cryptocurrency’s energy use catches fire, Ethereum’s transition to the Proof-of-stake (PoS) consensus model is likely to reduce its carbon footprint to a great extent.
WisdomTree is the second to apply for an ETH ETF. Asset manager VanEck had filed an application to create an Ether-focused exchange-traded fund earlier this month.
Although Ethereum and Bitcoin were created with different intended purposes in mind, they are both an option worth considering from an investor’s point of view.
After the recent crash of the crypto market, Ethereum price has recovered and ETH is now trading above $2800 for the first time in recent weeks.
Ethereum gives a higher utility when compared to Bitcoin. Ethereum has earned global recognition, thanks to its momentous growth, evidenced by the introduction of smart contracts, NFTs, and yield farming.
Per the Goldman Sachs report, the support for the narrative that Bitcoin’s scarcity is what makes it a veritable store of value is no longer tenable.
Vitalik Buterin proposed sharding as a major solution to bypass the current scalability challenges.
The Altair upgrade will seek to return the original strictness into the new Ethereum protocol.
Buterin is positive and encouraged by the huge strides made by technology and apps in the recent past, with Ethereum technology being a part of the progress.
Based on the rise of the ETH/BTC pair, Pal said that Ethereum shows strength over Bitcoin and it could lead the way to move the crypto market out of correction.