Tag: Ethereum 2.0

Ethereum’s difficulty bomb is a tool for maintaining network consensus between all classes of participants. This is a challenging task for Ethereum compared to Bitcoin, which performs frequent backwards-incompatible hard-forks. The most significant of these – Ethereum 2.0 – is yet to come. When it does, the difficulty bomb will be crucial in ensuring the community’s smooth transition to the new protocol. Review: Ethereum 2.0 and Proof Of Stake To understand the necessity of the bomb, we must review some…

Though Ethereum has been delayed several times on its way to v2.0, its founder remains optimistic. Vitalik Buterin recently told the Bankless podcast that he thinks the network is “50% of the way there” in upgrades. In addition, he outlined a 5 step process by which he sees it reaching its “Endgame” – a follow-up to his recent article. 5 Stages To Success Vitalik broke down Ethereum’s roadmap into five easy-to-remember stages. These are the Merge, the Surge, the Verge,…

As the oldest cryptocurrency, Bitcoin may rightfully lead the other digital assets by market capitalization. However, Ethereum takes second place as the leader of all altcoins. Furthermore, it is currently enjoying a swift surge in popularity and, subsequently, value. Ether (ETH), Ethereum's native token, has a market cap of over $500 billion. One unit sells for over $4,000, and some expect it to reach or even overcome Bitcoin soon. This article looks at Ethereum and its chances to take the top…

The environmental impact of cryptocurrencies has been a significant issue this year. While the problem has always been present, it came into the limelight in 2021. Prominent critics of cryptocurrencies have pointed to the environmental impact they have had for years. Mining has been an incredibly challenging one. But, is there a way that digital assets can be good for the environment? A Very nuanced Issue As we said, it’s not a new issue for people to raise the problems…

The Eden network has raised about $17.4M in a funding round led by Multicoin Capital to protect its users against miner extractable value(MEV). Several frontiers, including Jump Capital, Alameda Research, and Yearn Finance Founder Andre Cronje, also procured the funding round. The network raised funds following the sales of EDEN tokens. Consequently, the funds will enable it to increase adoption, improve infrastructure and develop its network. In addition, the network plans to protect users against front-running with MEV fully. The…

After years of waiting, Ethereum 2.0 phase 0 is finally here. The Beacon Chain is already up and running and is running along smoothly. The launch of Phase 0 is the first step of many that will see Ethereum transition from Proof of Work to Proof of Stake consensus. Consequently, it means miners will be replaced by validators who help secure the network's security and decentralization and gain ETH (somewhat) passively. The successful launch of phase 0 of Ethereum 2.0…

As more people continue to tag Binance Smart Chain as the "Ethereum Killer," Binance CEO Changpeng Zhao (CZ) has opined that the real Ethereum "killer" is no other blockchain but itself due to performance issues. In a recent Twitter thread, CZ noted that the success of ETH might become the cause of its downfall, not necessarily other cryptocurrencies. He wrote, "Vitalik once said (and there is a video of it somewhere), ETH killer is ETH. I believe he is correct,…

More than $5 billion has been staked in the Ethereum 2.0 smart deposit contract. This surge in deposits makes Ethereum 2.0 the third-largest staking network.  Ethereum 2.0 continues to attract Stakers Ethereum 2.0 smart deposit contract has continued to receive deposits despite hitting the minimum mark to launch. According to data from the launchpad dashboard, the amount of ETH currently staked is 3 million ETH. This represents about 2.8% of the total supply and is valued at $5.2 billion.  This…

Liquid Global has temporarily suspended the withdrawals of ERC-20 tokens and Ether due to rising GAS fees. The Japan-based crypto exchange notified its users of the development via a tweet today. It further explained that the exchange planned to resume withdrawal services once GAS fees returned to normal.  Rising Gas Fees Costs a Major Concern  Ethereum gas fee costs constitute a significant concern for many stakeholders within the ethereum ecosystem. Ethereum has been plagued with rising gas fees on its…