Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,165 trillion. Bitcoin is up by over 2% after a rollercoaster of a week. Ethereum decreased by almost 1% over the past seven days. XRP gained more than 15% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols…
The Merge
Celebrating the Merge; First PoS NFT Purchased For 36 ETH
After months of anticipation, September 15, 2022 finally saw the merger of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer. The Merge finally ushers in the days of Ethereum’s proof-of-stake (PoS) consensus mechanism. This renders defunct the proof-of-work (PoW) consensus for the Ethereum network. In his celebratory and congratulatory tweet, Ethereum’s co-founder, Vitalik Buterin, said the Merge “is a big moment for the Ethereum ecosystem.” And the NFT community did not hesitate to prove this fact. https://twitter.com/VitalikButerin/status/1570306185391378434?s=20&t=Lqq0NpxNi6-KQDE65m5zMA…
6 months ago 
1.1 k views
Ethereum Classic Hash Rate Explodes After The Merge
With Ethereum’s long-anticipated Merge finally complete, the network’s miners may have already found a new home in Ethereum Classic. The original Ethereum chain saw its hash rate explode following Thursday’s monumental upgrade. Inheriting Ethereum’s Miners According to data from 2Miners, Ethereum Classic’s hashrate is now up to 305.65 terrahashes per second (TH/s). On late Wednesday, it stood at just 80 TH/s. For context, 1 terrahash is equal to 1 000 000 000 000 hashes. These are guess answers generated by…
6 months ago 816 views
The Merge: Risks That Ethereum Developers Don’t Want You to Know
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…
7 months ago 1.7 k views
Ethereum’s Utility and “The Merge” Are in Conflict: Mark Cuban
Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds. In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…
8 months ago 756 views