Zooko Wilcox, the renowned founder of the privacy-focused cryptocurrency Zcash, has recently joined forces with Shielded Labs, a blockchain development company. Jason McGee of Shielded Labs proposed his idea of starting this independent organization to help Zcash a year ago i.e., in Jan 2023. This strategic move comes as Wilcox
Polygon PoS, a prominent layer 2 scaling solution for Ethereum, is set to witness a significant shift as it prepares to launch native USDC by Circle, the issuer of USDC on October 10th. This marks a step towards reducing reliance on bridged USDC. The transition to native USDC comes with
The Ethereum roadmap remains extensive with several significant upgrades still in the pipeline. Over the next six months, Ethereum has planned upgrades to staking withdrawals, as well as various new applications that will enhance the blockchain’s security and provide a better user experience. With the implementation of Proto-Danksharding, a new
On this Earth Day, let’s look at some of the green cryptocurrencies in the market. The general accusation made against cryptocurrency and its backend technology is high energy consumption. Reports in the past few years have stated that US mining firms consume more electricity than any third-world country. Proof-of-Work (PoW)
A recent report by Justin Drake, an Ethereum Foundation researcher, raised an alarming issue. He stated that Ethereum staking exposes users’ IP address information, potentially compromising privacy and security. Drake explained that metadata is utilized to keep track of a wide range of information related to transactions. He emphasized that
Ethereum was created on July 30, 2015, and it is the second-largest cryptocurrency. Since its inception, the price of Ethereum (ETH) has fluctuated between highs and lows, and it is the home of smart contracts and decentralized applications (dApps), contributing to a large portion of the total value locked in
According to Santiment, there was a significant decrease in whales ETH holdings. Addresses holding 1,000 to 10,000 ETH have lost 2.24% of their total holdings. Following the successful Merge update, large Ethereum holders began to rapidly redistribute their holdings on the market, which could have been the primary source of
Ethereum (ETH), the second-largest cryptocurrency by market capitalization converted from the Proof of Work (PoW) mechanism to the Proof of Stake (PoS) mechanism on September 15. Following that, Vietnam’s cryptocurrency miners faced significant losses with their mining equipment as it turned off, as per the recent report. According to recent
The Beacon Chain’s Bellatrix upgrade is scheduled for the epoch. If the network gains a greater hash rate, TTD will be attained sooner. The Ethereum (ETH) Foundation announced on its website that “The Merge” is an impending switch to a Proof of Stake (PoS) consensus final activated date on Wednesday.
A tragic storm of wild crashes, insolvency crises, scams, lawsuits, and regulatory threats has had a baneful effect on the entire crypto and DeFi space since early 2022. These events shook the crypto community with terror. Sadly, there is no reset button or a forgetfulness potion to wipe those off
