Ethereum

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented. Ethereum gas spent to settle L2 transactions. Source: Twitter Blockchain analytics firm Nansen… Source link

Ethereum to Set Window for Withdrawals as Shanghai Upgrade Takes Shape The Surge will have to wait.  Ethereum’s developers are prioritizing Beacon Chain withdrawals for the network’s next major upgrade, Shanghai, delaying the implementation of The Surge, the network’s sequel to The Merge, according to the latest Ethereum Consensus Layer call. This marks the first time devs have provided a set window for withdrawals. The move is important because The Surge, which was to be part of… Source link

Ethereum extended its decline below the $1,240 support against the US Dollar. ETH remains at a risk of more losses below the $1,220 support in the near term. Ethereum remained in a bearish zone and traded below the $1,240 support. The price is now trading below $1,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a downside break below the… Source link

Ethereum price is down 3% on the day following a rejection from a crucial support zone. Chainlink has initiated a staking protocol on the Ethereum Network. A retest of the $1,211 barrier could induce a sweep-the-lows event. Ethereum price has investors dialing in as Network advancements are arousing speculation. Still, the technicals will need to show forth stronger signals to justify opening a long position. Ethereum price is in question Ethereum price is… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

A physical imitation of an Ethereum cryptocurrency reflected between a phone screen and a computer screen, 15 September, 2022 (Getty Images) The energy demands of cryptocurrency have dropped by a country-sized amount following a change to the underlying technology of Ethereum, according to a new study. The world’s second largest cryptocurrency underwent a transition dubbed ‘The Merge’ in September, which commentators at the time described as “the most consequential event in crypto… Source link

Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities. In reference to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered security. “It’s pretty obvious,” the MicroStrategy CEO said, continuing, “It’s… Source link

Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities. In reference to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered security. “It’s pretty obvious,” the MicroStrategy CEO said, continuing, “It’s… Source link

Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities. In reference to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered security. “It’s pretty obvious,” the MicroStrategy CEO said, continuing, “It’s… Source link

Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities. In reference to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered security. “It’s pretty obvious,” the MicroStrategy CEO said, continuing, “It’s… Source link