Ethereum 2.0

Coinbase – America’s largest cryptocurrency exchange – has updated its statement detailing its approach to Ethereum’s upcoming Merge. The firm has now clarified that it's willing to list a possible forked version of ETH at the exchange. The statement, uploaded last week, was revised on Thursday to reflect Coinbase’s commitment to creating a “level playing field” for all assets. Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other…

The Ethereum community – and market – have reached a fever pitch in anticipation of the long-awaited “Merge” update in September.  However, despite the tremendous excitement surrounding the event, there are critics who would hardly call it an “upgrade.” Among them is James Check – the lead on-chain analyst for Glassnode, a blockchain intelligence provider.  On August 7, the analyst unveiled a video presentation calling the protocol change a “monumental blunder”. He outlined how the merge will create systemic risks…

Glassnode – a blockchain data provider – and CoinMarketCap have released their July 2022 report covering on-chain data during the bear market. On the topic of staked ETH, the report noted that a majority of the supply has concentrated in the hands of four staking providers.  Highly Concentrated Staking Per the report’s data, the amount of ETH staked on Ethereum’s beacon chain through Lido alone has already swelled to 4.137 million. That’s 31.8% of all staked ETH in existence.  Another…

The crypto industry is growing at an unprecedented pace. As more people become interested in cryptocurrencies, the need for reliable and trustworthy staking pools becomes increasingly apparent.  That's where StakeWise Pool comes in. We are talking about a staking pool that aims to offer high rewards, security, and stability. Its team has years of experience in the industry, and it wishes to provide its users with the best experience. In today’s review, let’s learn more about StakeWise and its staking…

On Wednesday, the Beacon Chain – the core of the Ethereum 2.0 ecosystem – experienced a blockchain reorganization 7 blocks deep. That means that 7 blocks worth of its most recent transactions were effectively reversed on Wednesday. The Meaning of Blockchain Reorgs A blockchain reorganization occurs when nodes cannot agree on the canonical order of blocks. This can be caused by a number of factors, which differ between proof of work and proof of stake systems. Ethereum co-founder Vitalik Buterin…

Tim Beiko – a leading Ethereum development coordinator – has stated the network will not implement proof of stake by June. This contradicts Vitalik Buterin’s development timeline from January, where he claimed that it should be in place by Q2 2022. Another Delay for the Merge Delays to Ethereum 2.0 are hardly unprecedented. Developers expected the upgrade to be in place within 2 years of the project's launch in 2015. Vitalik now admits to having been dead wrong about that…

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 backward-incompatible hard forks. The most significant of these – is Ethereum 2.0; the difficulty bomb will ensure 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 of Ethereum's history. Ethereum uses a proof-of-work consensus mechanism…

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 roughly $200 billion. One unit sells for over $1620; some expect it to reach or even overcome Bitcoin soon. This article looks at Ethereum and its chances to take the top spot…