Ethereum

Ethereum founder Vitalik Buterin said on Tuesday that the Ethereum merge is on target to happen “around” September 13 to September 15. That’s when the world’s second largest cryptocurrency will jettison its energy-intensive proof-of-work consensus mechanism. How will that shift affect Bitcoin, which still stands alone atop the crypto market and still uses proof of work?  Shifting sands The merge is only the latest Ethereum blockchain upgrade aimed at creating a reliable decentralized… Source link

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We’ve spent the past several weeks of this newsletter wading into deep technical and philosophical debates around future of Ethereum – with topics ranging from maximal extractable value (MEV), to the threat of censorship on Ethereum, to what makes a ‘true’ zero-knowledge Ethereum Virtual Machine, or zkEVM. But now, at long last, the Ethereum Merge is finally around the corner. This week, I’d like to take a step back and quickly address a few of the myths and misconceptions that have… Source link

Merge-related cryptocurrencies, including Ethereum (ETH), Ethereum Classic (ETC), and Lido Finance (Lido), have posted severe losses over the past 24 hours. Ethereum dropped 8.82% over the past 24 hours and trades at around $1,515 after bouncing off from its support at $1,500 earlier today. Ethereum is now down 68.95% from its all-time highs of $4,891.70 recorded in November 2021, per data from CoinMarketCap. On a weekly note, ETH is down 4%, hitting a new weekly low after the months-long… Source link

Ethereum [ETH] has been attracting interest from the majority of the crypto community lately. This is mostly due to the upcoming release of the Merge. However, the transition to Proof-of-Stake (PoS) has also led to intense questions surrounding ETH issuance. A recent analysis from Glassnode addressed this conundrum surrounding Ether issuance under two possible scenarios. The chart below presents $ETH issuance under two scenarios: 🟠 $ETH issued on both PoW + PoS chains,… 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

Dennis Diatel Photography/iStock Editorial via Getty Images Ethereum (ETH-USD) heads for a blockchain update in September and this article explains the recent developments and outlook for the coin. Ethereum breaks market correlation ahead of the Merge The Ethereum price was around 7% higher over the last week ahead of the blockchain’s imminent Merge upgrade. The price was able to break its correlation with Bitcoin (BTC-USD) and the broader market with the former losing nearly 1%. Ether is… Source link

Key Takeaways The ETH:BTC ratio hit a 2022 high of 0.084 early Tuesday. Ethereum is outperforming Bitcoin as “the Merge” draws closer. The first step of the number two blockchain’s Proof-of-Stake update is scheduled to go live today. Share this article The ETH:BTC ratio hit 0.084 Tuesday.  Ethereum Rallies Against Bitcoin With “the Merge” now days away, Ethereum is surging against Bitcoin.  ETH/BTC year-to-date (Source: TradingView) TradingView data shows that the ETH:BTC… Source link

Bitfinex will review all forked tokens and take snapshot of all ETH balances and margin positions. Bitfinex has announced support of the Ethereum Merge, one of the most important chapters in Ethereum’s history as it permanently changes the underlying consensus mechanism to a proof-of-stake system. “Proof-of-stake” uses an algorithmic lottery to determine who gets to validate transactions (and win tokens as a reward for doing so) out of a pool of “stakers” who temporarily deposit… Source link

Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge.  According to OpenSea data, the weekly volume of the Ethereum domain NFTs eclipsed 2,249 ETH at the time of writing, beating out RTFKT Clone X (1,992 ETH) and Bored Ape Yacht Club (1,777 ETH). ENS domains are a distributed, open and expandable naming system on the Ethereum blockchain that… Source link