Ethereum Network

Today, the most significant upgrade to the Ethereum network just happened to revolutionize the Ether blockchain. The London hard fork incorporated a fee reduction feature called EIP 1599. According to ultrasound, in just a few hours of running, the fee cut had already gotten rid of $2 million worth of ETH. Money. Vitalik Buterin, the inventor behind the cryptocurrency, stated that the EIP 1559 is the most significant part of the upgrade. Currently, ETH is trading at 2,809.16, up 3.91%…

Cardano (ADA) users will run smart contracts on the network once the Blockchain completes its Alonzo Hardfork. That is according to Charles Hoskinson ADA's founder. Mr. Hoskinson revealed the news through a YouTube live stream.  The announcement paves the way for Cardano to enter the Smart Contract sector, challenging Ethereum's supremacy in the space. It will come as welcome news for ADA holders and neutrals who've been looking for alternatives besides the Ethereum Network(ETH). A significant gripe against ETH has…

Trade mining is a feature in the DeFi space that continues to gain popularity. The concept combines the essence of yield farming with staking and mining in a unique way. As such, it enables users to secure passive rewards securely and in a stress-free manner. What is Trade Mining Trade mining systems operate as incentivization protocols for exchange users. Trade mining tokens mint every time a person conducts a transaction on a participating DEX (decentralized exchange). Like mining, these tokens…

Smart contracts were introduced in 2015 with the introduction of the Ethereum network. Their role was to digitize and tokenize financial and non-financial services like payments, trading, etc. Signing contracts is highly simplified through smart contracts, only following the blockchain.  Primarily, smart contracts are not bound by a particular jurisdiction; therefore, they can operate on a global level.    However, one problem with making smart contracts is that they cannot access off-chain data. Instead, hybrid contracts can work with data already…

Elon Musk's claims of Dogecoin's superiority sparked a critical view from Ethereum's creator Vitalik Buterin, who firmly disagrees with him. In a blog post published on May 23, Vitalik gave some detailed thoughts on blockchain scalability. In part, the post refuted Elon's claim that a massive increase to Dogecoin's block size would scale the network to a victorious extent. On May 15, Elon claimed that if Doge speeds up block time 10X, it increases block size 10X & drops the…