Ethereum Archives - Page 3 of 4

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

6Aug

By Cryptolifedigital1 Comment

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

4Aug

By CryptolifedigitalNo Comments

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.

3Aug

By Cryptolifedigital2 Comments

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

31Jul

By Cryptolifedigital4 Comments

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 ...

The Date For The Georli/Pratar Merge Revealed, Once It Has No Issue The Main Merge Will Be Announced

28Jul

By Cryptolifedigital1 Comment

Ethereum

The Date For The Georli/Pratar Merge Revealed, Once It Has No Issue The Main Merge Will Be Announced

The timetable for the final test of the merge is revealed on the Twitter handle of one of the Ethereum developers, Tim Beiko. Although he once released a breakdown of the event in the previous post filed by Cryptolifedigital. https://twitter.com/TimBeiko/status/1552382163391090688 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 run through the Ropsten testnet. Earlier on July 28th, the tenth shadow fork was successful even earlier than its timing. Read Also: Terra Chain Needs To Be Stopped For Three New Updates To Be Added As Proposed By Terra Read Also: Ripple's General Counsel, Alderoty Tagged SEC Approach A "Bull...

The 10th Shadow Fork Has Been Executed By Ethereum’s Developers In the Preparation For the Main Merge.

28Jul

By Cryptolifedigital1 Comment

Ethereum

The 10th Shadow Fork Has Been Executed By Ethereum’s Developers In the Preparation For the Main Merge.

The Ethereum’s developers have been working restlessly in preparation for the merge which was slated to happen on September 19th. Almost all the tests necessary for the main merge to occur have been done. As reported by Cryptolifedigital, the merge was supposed to have occurred but it has to be shifted a couple of times to carry out the necessary testings that give the merge a smooth operation. As previously reported, the merge did pass successfully through two out of three public testnets. The merge has run through the Ropsten and the Sepolia successfully alongside the other tests. The remaining major testnet is the Georli/Pratar which will be the last testnet ahead of the merge on the mainnet. The Georgia/Pratar is slated to happen in August this year. The Tenth Shadow Fork Was Su...

Ethereum Active Surpasses 600,000 Ahead Of The Merge

27Jul

By Cryptolifedigital2 Comments

Ethereum

Ethereum Active Surpasses 600,000 Ahead Of The Merge

The active ETH address increases ahead of the merge. As stated by Ali Martinez, a crypto analyst revealed on his Twitter handle on 25th July that active ETH address surpassed 600, 000 according to Glassnode data. https://twitter.com/ali_charts/status/1551818660368580608 As gotten from the Glassnode data, Ethereum now has over 604,888 active addresses. This increase in address might be an indication of network activity over time and this may be a result of the increasing demand for the native token of the blockchain. Read Also: Bloomberg Media Is Sued for Reporting False, Malicious, And Defamatory Statements About The Binance's CEO Read Also: Despite The Allegation Against The Terraform Labs, The U.S. Community Now Target Improving LUNC Via Burning Mechanism Although, the ...

Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs

23Jul

By CryptolifedigitalNo Comments

Ethereum

Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs

Unfortunately, the increased adoption of Ethereum’s network has been seriously endangered due to the unbearable gas fees and scalability concerns. For this reason alone, various DeFi projects consider to launching on the competing Layer 1 blockchain. For instance, Yuga Labs proposed that the ApeCoin DAO consider a migration to another Layer 1 blockchain. The vote was initiated then and the network voted against it narrowly. If not by now the project would have migrated to Avalanche. The Ethereum CEO, Buterin, proposed earlier how the memory gas costs can be adjusted. He suggested solving efficient issues with how memory consumption is limited on the EVM. https://twitter.com/VitalikButerin/status/1550741734082191362 Vitalik stated in the post “Currently, we limit the memory c...

Ethereum Network To Handle 100K Transactions Per Seconds As The Network Will Be 55% Complete After The Merge Says Vitalik Buterin

22Jul

By Cryptolifedigital1 Comment

Ethereum

Ethereum Network To Handle 100K Transactions Per Seconds As The Network Will Be 55% Complete After The Merge Says Vitalik Buterin

Vitalik Buterin, the Ethereum co-founder stated the changes that will become the Ethereum network once the Merge is concluded At the Ethereum Community Conference that was held on Thursday in Paris. “At the end of this road map, Ethereum will be a much more scalable system. By the end, there will be able to process 100,000 transactions per second as stated by the Ethereum CEO.” The long-awaited transition from the proof-of-work to proof-of-stake is crucial to the Ethereum network at the moment as the PoW process consumes a lot of energy and power to authenticate the transaction on the blockchain by solving puzzles. Read Also: The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork. Read Also: The Magistrate Judge Netburn Denied SEC's Ob...

Vitalik Buterin, The Ethereum CEO States Some Comparison Between Zk Rollups And Optimism Rollups.

21Jul

By Cryptolifedigital2 Comments

Ethereum

Vitalik Buterin, The Ethereum CEO States Some Comparison Between Zk Rollups And Optimism Rollups.

The Ethereum CEO, Vitalik Buterin was talking about the ZK rollup launched by Polygon. He highlighted the distinction of zk rollup as compared to optimism rollups in the video tweeted by the Crypto Texan. According to the series of tweets on 20th July by Polygon, the Polygon zero Knowledge EVM which is the first scaling solution that works error-free with all current contracts, developer tools, and wallets, has been released. Read Also: Tesla Sold Out 75% Of Its Bitcoin Holding Due To Incident Of liquidity Of The Company Given COVID-19 Related Shutdowns In China https://twitter.com/0xPolygon/status/1549716947847479302 The protocol is nearest to the Ethereum Virtual Machine, the software framework that developers work with to build dApps on Ethereum. As stated by the builder...