Ethereum

Polygon moves closer to bringing EIP 1559-style fee markets to their proof-of-stake scaling platform. BACKGROUND: Internal analysis showed that the fee burn would remove 0.27% of Polygon’s total supply annually. Unlike Ethereum, Polygon has a fixed supply and will immediately become deflationary when the upgrade takes place on mainnet. Outside of burning token supply, the upgrade will help bring predictability to the Polygon fee market, and software providers will be better able to predict… Source link

Cryptocurrency has had quite the year, with many cryptocurrencies experiencing explosive growth. Bitcoin ( BTC -0.38% ) remains the most popular, with a market cap of nearly $900 billion. However, Ethereum ( ETH -0.13% ) has been steadily gaining traction and catching up with its larger competitor. As the second most popular cryptocurrency, Ethereum currently has a market cap of just over $450 billion. Its price is also up around 466% so far this year, while Bitcoin is up by… Source link

The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent. A Twitter user highlighted the Beacon chain contract claiming it to be the largest Ethereum contract with billions of dollars worth of ETH “trapped” inside it.  BREAKING: 8,641,954 ETH ($32 billion) trapped in single largest Ethereum contract and unable to be sent or spent. Will require hard fork that hasn’t been written or specified yet. Timing and… Source link

Ethereum (CRYPTO:ETH) has been a success story no matter how you look at it. Its native Ether token now ranks as the second-biggest cryptocurrency based on market cap, behind only Bitcoin (CRYPTO:BTC). Since the second half of 2015, Ethereum has delivered a gain of nearly 310,000%.  What’s potentially in store for the cryptocurrency in the new year? Here’s why one famous billionaire thinks Ethereum could be a monster winner in 2022. Image source:… Source link

What happened Three of the top five cryptocurrencies in the world, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL), each saw dramatic declines, once again, today. These top tokens had sunk by 2.7%, 4.7%, and 4.3%, respectively, over the past 24 hours, as of 9 a.m. ET. Market-specific drivers, such as the potential for a reduction in monetary stimulus sooner than expected, appears to be the key driver behind the continued… Source link

Not only the ETH price dropped below $4,000, but it also closed below this key level on the daily timeframe. If no surprises will take place, today will be the first time since October 19 that ETH is seeing a full candle body below the significant $4K mark. This put an end to the bullish trend, at least in the short term. Key Support levels: $3750, $3,000 Key Resistance levels: $4,000, $4,500 Last week, the weekly MACD went through a bearish crossover which was an early sign… Source link

Ethereum has resumed its downtrend with a woeful daily close below a key level of support. The world’s second-largest cryptocurrency is currently trading at $3,800 following a slight bounce from the $3,680 level. However, it is now crucially trading below the diagonal trendline that provided support dating back to July. Ethereum is now expected to re-test this trendline at $3,910. Failure to break above $3,900 would confirm it as a new point of resistance, which would see downside price… Source link

What happened Today’s price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization — Bitcoin ( BTC -6.18% ), Ethereum ( ETH -7.99% ) and Binance Coin ( BNB ) — are all down, the market tends to follow suit. Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day,… Source link

Investing in the native tokens of blockchains that support smart contracts has been an exceptionally smart move in 2021. So far this year, Ethereum (CRYPTO:ETH) is up more than sixfold. Cardano (CRYPTO:ADA) has been an even bigger winner, with a nearly eightfold gain. But which of these cryptocurrencies is the better buy now? Two Motley Fool contributors weigh in with opposing views. Image source: Getty Images. About to get even better Keith… Source link

Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs computations off-chain and submits them on-chain via a validity proof. Zk rollup season — cryptowarlord.eth ( ͡° ͜ʖ ͡°) (@CryptoWarlordd)