The protocol has started burning ETH at a tremendous pace as part of EIP (Ethereum Improvement Proposal) 1559, which was released in August 2021. To comply with EIP-1559, a little bit of every Ethereum transaction is wiped out. This includes every NFT trade, yield strategy, and even basic token transfer.
Prominent cryptocurrencies Bitcoin ($BTC) and Ethereum ($ETH) continuously signal bullish momentum even after the largest crypto lender, Genesis Global, filed for bankruptcy protection. At the time of writing, $BTC traded at $20,956, and $ETH traded at $1550 with notable price surges. Recently, failures and scandals in the cryptocurrency industry reaching
Polygon (MATIC), an Ethereum layer 2 scaling protocol, has successfully completed a hard fork. The upgrade intends to address the network’s gas spike and chain reorganization issues (reorgs). As per Polygonscan data, the software was upgraded to Polygon PoS. In an Ethereum-compatible Proof-Of-Stake sidechain, on Jan 17 at 10:45 UTC
According to BeaconScan statistics, the number of Ethereum (ETH) validators has surpassed 500,000 in anticipation of the Shanghai upgrade in March. A validator is a node in a proof-of-stake (PoS) blockchain. That verifies the legitimacy of network transactions and prevents double-spending. Staking 32 ETH, or around $50,000 at today’s exchange
For the first time in history, a new consensus algorithm called “Satoshi Plus”, has been introduced by the Core DAO ($CORE), which launched its mainnet on January 14, 2023. Core DAO is a Turing-complete blockchain that utilizes the Ethereum Virtual Machine (EVM) and Satoshi Plus consensus. That allows Bitcoin’s reliability,
Since the beginning of 2023, Cardano (ADA) front news updates have been positive, with a bunch of future development in its ecosystem. Cardano investors are excitedly awaiting the release of $Djed, the network’s first algorithmic stablecoin, which may challenge the largest altcoin, Ethereum ($ETH). These crypto-monsters, Cardano and Ethereum, are
The Ethereum core development team has said that they are making steady progress toward their March launch objective for Shanghai and the addition of staked ETH withdrawals to the Ethereum network. Developer Network 2 (or “devnet 2”) was released this week to help client teams fine-tune the ETH withdrawal procedure.
Ethereum layer-2 rollups Arbitrum and Optimism’s daily transactions have increased in recent months. Meanwhile, Ethereum (ETH Mainnet) is experiencing a minor downtrend. As per reports daily active users have lately increased on Arbitrum and Optimism. The optimistic rollups, Arbitrum and Optimism aim to lower the cost of transactions for the
FTX collapse led to the winding down of cryptocurrency trading and custody services once again in 2022 crypto history. As the crypto market recovers with the start of 2023, Today the global cryptocurrency market turned to bullish price momentum. Also, the market cap of all cryptos increased to $889 billion.
Last week, the Thai Securities and Exchange Commission (SEC) announced the opening of “Crypto Academy.” An initiative to make available educational materials and training programmes on cryptocurrency and related topics. The regulator said that the program’s goal is to educate the public about digital assets and blockchain technology. So that
