The traditional banking system is notorious for its expensive fees, slow transfer times, and concerns regarding the privacy of user data. These problems exist because of the centralized nature of these systems, where large intermediaries such as banks are responsible for processing transactions and managing users’ information. Cryptocurrencies based on
In the last 24 hours, the crypto market has seen prices remain neutral. Although Bitcoin has raised itself to the $85K level, the altcoin sector is also reflecting modest positive altercations. On the other hand, several whales began dumping Ethereum over the past week, specifically in the past day. This
As the week inches to an end, the crypto market prices have once again retreated to consolidation. Similar to previous days, regulatory advancements are failing to translate into cryptocurrency prices, causing frustration. Meanwhile, new tokens have continued to crop up, drawing attention from the community. Notably, in January this year,
BuilderNet, a decentralized block-building network for Ethereum, was officially launched on November 26. Operated by Flashbots, Beaverbuild, and Nethermind, this network aims to address centralization issues while bolstering censorship resistance and neutrality on Ethereum. Ethereum currently uses a proposer-builder separation model for block construction. Builders create blocks, and proposers select
Ethereum Layer 2 (L2) scaling solution Base is launching fault proofs on its mainnet on October 30, 2024. This upgrade aims to decentralize by enabling permissionless validation and improving security for users on the network. Base stated: Fault proofs are coming to Base Mainnet on October 30th, marking a key
Vitalik Buterin’s latest piece, “Possible Futures for the Ethereum Protocol, Part 4: The Verge,” delves into critical aspects of Ethereum’s future, focusing on scalability, security, and the need for robust governance mechanisms. Buterin emphasizes the urgency of addressing these challenges to ensure Ethereum’s long-term viability. One core topic Buterin discusses
Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to
Chainlink Economics 2.0 is aims to enhance the long-term utility and durability of Oracle services. BUILD is a program design to promote ecosystem growth and drive dApp innovation. The Chainlink Network is entering a new era emphasized by Chainlink Economics 2.0. Which promotes long-term growth, cryptoeconomic security, and value‐added capture.
