Friday, December 9

Ethereum

Binance Adds Support On Ethereum Fork Ahead Of Merge
Ethereum

Binance Adds Support On Ethereum Fork Ahead Of Merge

In a recent announcement, Binance, the largest cryptocurrency exchange added support to the Ethereum fork ahead of the merge. Binance plans to credit users’ accounts with tokens from any forked version of Ethereum developed during the merge. Also, according to Binance, the transaction for ETH and ERC-20 tokens would be put to stop ahead of the merge to secure customer funds. Read Also: SEC Files A 90 Page Reply In Support Of Its 120 Pages Once Filed To Exclude The Testimony Of The Ripple’s Defendant’s Expert Witnesses Binance Adds Support To The Potential Ethereum Fork As stated by the largest crypto exchange, it would allow the ETH ticker for the Ethereum PoS chain and then credit users’ Binance account the forked token from the minority chain at a ratio of 1:1 based on ...
Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed
Ethereum

Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed

The long-awaited Ethereum merge is at the corner as all the public testnets are wholly and successfully upgraded. It is no news that the biggest upgrade the Ethereum community is waiting for is the merge. The idea of merging is to transit from the Proof-of-work to Proof-of-Stak. The PoW is said to be consuming a lot of energy which could be devastated nature in the nearest future. Read Also: Veteran Brandt Suggests That Shiba Inu Coin May Plunge Massive If It Drops Less Than $0.00001 Merge's Idea Is To Reduce Energy Consumption In this premise, the Ethereum developers have been researching to reduce the gas fee of the Ethereum smart contracts as well as the energy consumption. The Merge research started some time ago. According to the developers, for the merge to surface o...
The Amount Of Ethereum Locked In ETH 2.0 Hits A New Level As 153,000 ETH Is Added This Month
Ethereum

The Amount Of Ethereum Locked In ETH 2.0 Hits A New Level As 153,000 ETH Is Added This Month

The amount of Ethereum locked in Ethereum 2.0 deposit has reached another new level ahead of the merge. As stated by OkLink’s data, the total number of Ethereum (ETH) deposited in the Ethereum 2.0 staking contract hit a new ATH of 13,340,584 ETH which is worth $21.3 billion at the time when the news was filed. As the merge approaches, the number of stETH in the contract has risen since the beginning of this month. As stated by the OKLink, almost 36,000ETHs  has been added every week since the beginning of August. This addition makes the overall number of coins stakes this month to 153,000 ETH, worth $244.34 million at the current exchange rate.  Read Also: Charles Hoskinson Says Vasil Is The Last Hard Fork Of An Era As He Clarifies The Trending Issue With Cardano Blockc...
The Ethereum Core Developers Stated That The Merge Might Happen Between the 15th And 20th Of September
Ethereum

The Ethereum Core Developers Stated That The Merge Might Happen Between the 15th And 20th Of September

The merge on the mainnet is more prominent this season than ever. It is no news that the merge is a project that will allow the Ethereum users to transit from the power-consuming Proof-of-Work to Proof-of-Stake. During a recent call with a core developers like Terence Tsao (co-founder of Prysmatic Labs, and Tim Beiko agreed that The Merge can take place when the Total Terminal Difficulty (TTD) hits 58750000000000000000000. Read Also: BabyDoge Launches Its First Play-To-Earn Game On Petaverse, A Branch Or Division Of Decentraland. Read Also: Vietnam's iOS Users Now Have Access To the Shiba Inu Game, Shiba Eternity For Testing Figuring out the exact date range when the upgrade will occur will require complex calculations, and will be a moving target, depending on changes to the ...
Ethereum Merge Is Now Live On The Georli Although There Are Issues Which Are Being Troubleshot To Get Their Root
Ethereum

Ethereum Merge Is Now Live On The Georli Although There Are Issues Which Are Being Troubleshot To Get Their Root

The long-awaited Ethereum merge has now lived on the final public testnet. It is good to know that Ethereum is planning to transit from the PoW to PoS due to the amount of energy consumed by the current proof-of-work. The merge has been the earnest hope of almost all members of the Ethereum community although, there are die-hard PoW that have the plan to abolish the EIP-1559 after the merge. It is good to know that for the merge to finally go live on the mainnet, it needs to go through three different public testnets of which it has gone through two out of three. After a series of the devnets, shadow forking and merges on the deprecated testnets. As reported by the Cryptolifedigital, a few weeks ago, the sepolia was transitioned to PoS this was after the merge has been ...
Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum’s Buterin Stands To Defend The Tornado Cash
Ethereum

Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum’s Buterin Stands To Defend The Tornado Cash

It is no news that the miners connived together to maintain their PoW even as the merge approaches although the whole idea hasn’t gotten any support from stablecoins issuers such as Tether and circle as they’ve declared their support for the merge already. The Ethereum PoW manifesto, the teams driving for the ETH PoW fork after the merge have revealed shocking information about the EIP0-1559 abolishment. Abolishing EIP-1559 in the Ethereum PoW fork creates a system where miners stand to benefit the most. The team stated this in a long-text tweet: .blockspare-24f04d8f-12d3-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-r...
Vitalik Buterin Says “I Don’t Expect Ethereum To Be Significantly Affected By Another Fork” 
Ethereum

Vitalik Buterin Says “I Don’t Expect Ethereum To Be Significantly Affected By Another Fork” 

In a reassuring statement made by the Ethereum founder, Vitalik Buterin, in response to the news about a possible split of the network after the transition. Vitalik stated on a Saturday webinar, Ethereum would not be seriously affected if the hard fork happened. “I don’t expect Ethereum to be significantly harmed by another fork,” he said.  Buterin’s statement revealed his strong support for the coming merge as his confidence grows daily following the reports he got from the members of the ecosystem. Buterin stated: .blockspare-a0a32756-e159-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspa...
Buterin Vitalik, Ethereum CEO Sold A Total Of 25 Trillion SH. T Coins Through His ETH Address, This Could Lead To The Crash Of The Coin
Ethereum

Buterin Vitalik, Ethereum CEO Sold A Total Of 25 Trillion SH. T Coins Through His ETH Address, This Could Lead To The Crash Of The Coin

According to the Peck Shield Alert, Buterin Vitalik, Ethereum CEO sold a total of 25 trillion SH. T coins through his ETH address. It seems that Vitalik has lost interest in the low-performance coins. The whopping amount was received by Vitalik from the coins’ creator. The total sales are worth $33,000 on UniSwap. Some time ago, he received a huge amount of Shiba Inu tokens from the coin’s creator. Vitalik went ahead to burn 90% of them, worth around $6 billion. Read Also: Solana's Exploit Was Isolated To One Wallet On Solana, And Hardware Wallets Used By Slope Remain Secure Read Also: Shiba-Inu-themed blockchain-based restaurant, Welly Is Now The Most Eaten Fast-food On The UBER EATS https://twitter.com/PeckShieldAlert/status/1555088755538952192 The record revealed t...
Some PoW Proponents Dislike The Idea Of Merge, They May Fork And Mine Their Own Ethereum Chain After Merge.
Ethereum

Some PoW Proponents Dislike The Idea Of Merge, They May Fork And Mine Their Own Ethereum Chain After Merge.

The transition from the proof-of-work to proof-of-stake is fast approaching. The merge is undoubtedly the greatest Ethereum upgrade. The success of this upgrade will reduce energy consumption and it will make the biggest smart contract and dApps faster and at a low fee. But Ethereum Classic users seem not to be happy with the whole idea of the transition. As reported by the Cryptolifedigital, an Ethereum mining manufacturer Innosilicon released ETC firmware for A10pro 500M and A10pro 720M servers for mining. They stated that “Based on the future Ethereum consensus mechanism (algorithm) POW to POS situation, at the request of our customers, we have developed the ETC firmware for A10pro 500M and A10pro 720M servers, which have passed the test and are publicly released here for the conven...
While The Ethereum Network Await The Merge, Ethereum Classic Releases A Firmware For Mining Their Native Crypto, ETC
Ethereum

While The Ethereum Network Await The Merge, Ethereum Classic Releases A Firmware For Mining Their Native Crypto, ETC

As the Ethereum blockchain awaits the merge it can transition from the PoW to PoS. As stated by Collin Wu, an Ethereum mining manufacturer Innosilicon has released ETC firmware for A10pro 500M and A10pro 720M servers for mining. https://twitter.com/WuBlockchain/status/1553404394741252096?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1553404394741252096%7Ctwgr%5Ea247b1833586dbb2eec34ea0e2db22a2bd680e37%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fu.today%2Fethereum-mining-firm-launches-etc-mining-software-weekly-etc-price-surges-54 A translation of the official announcement reads: "Based on the future Ethereum consensus mechanism (algorithm) POW to POS situation, at the request of our customers, we have developed the ETC firmware for A10pro 500M and A10pro 720M servers, which ...