Ethereum Beginner guide Archives

Consensys Sues SEC in Bid to Protect Ethereum’s Future

26Apr

By OLAJIDE SAMUELNo Comments

Ethereum

Consensys Sues SEC in Bid to Protect Ethereum’s Future

Consensys, a prominent blockchain firm based in the US, has fired a legal salvo against the Securities and Exchange Commission (SEC) in a move to prevent the regulatory body from seizing control over the Ethereum blockchain. Lawsuit Challenges SEC's Authority Over Ethereum Filed on Thursday, the lawsuit accuses the SEC of waging a "campaign to seize control over the future of cryptocurrency." Consensys is seeking a definitive ruling from a Texas federal court that Ethereum is not a security and therefore falls outside the SEC's jurisdiction. Read Also: Ripple vs. SEC Lawsuit: Scheduling Order Issued for Expert Witness Rebuttal https://twitter.com/ethereumJoseph/status/1783562422571192695 The lawsuit goes further, requesting assurances that any SEC investigations into Consensys b...

Solana (SOL) Emerges Victorious in 2023: Can it Surpass $1,000 and Outshine Ethereum?

27Dec

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Solana (SOL) Emerges Victorious in 2023: Can it Surpass $1,000 and Outshine Ethereum?

In a stunning turn of events, Solana often hailed as the "Ethereum killer," has experienced a monumental surge in value in 2023, leaving its previous struggles in the rearview mirror. After languishing below $10 in late 2022, Solana (SOL) has seen an extraordinary 11x surge, currently trading at an impressive $116 at the time of this report. This remarkable rally has ignited speculation about whether Solana can outperform its arch-rival Ethereum (ETH) and achieve the monumental milestone of $1,000. Read Also: Shiba Inu's Shibarium Gains Momentum as Adoption Soars Amid Criticism Unveiling Solana’s Winning Formula Solana's standout feature lies in its exceptional speed. Functioning as a "layer-1 blockchain network," Solana boasts an impressive transaction capacity of over 50,000 per sec...

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

4Jul

By OLAJIDE SAMUELNo Comments

Shiba Inu

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap's native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects. Read Also: Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader Cryptoman Expresses bullishness towards BONE. Cryptoman's tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for...

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

3Jul

By OLAJIDE SAMUELNo Comments

Cardano

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

In a recent episode of the Bankless Podcast, Vitalik Buterin, the lead creator of Ethereum, made a surprising revelation about his approach to staking his ETH holdings. Buterin disclosed that he only takes a small portion of his ETH, citing safety concerns with the Ethereum staking protocol. Buterin Express Half trust on ETH staking, Hoskinson reacts Since its inception in 2015 as a proof-of-work (PoW) network, Ethereum made the transition to a proof-of-stake (PoS) consensus mechanism in 2022. This shift allowed users to stake their native token, ether (ETH), to earn rewards. However, Buterin expressed reservations about fully trusting the ETH staking process due to certain safety issues, particularly the risk of wallet key exposure. Read Also: Shiba Inu (SHIB) Shows Neutral Sentiment...

Canadian Asset Manager 3iQ Partners with Coinbase to Launch Ether Staking Program for Retail and Institutional Investors

30Jun

By OLAJIDE SAMUELNo Comments

Ethereum

Canadian Asset Manager 3iQ Partners with Coinbase to Launch Ether Staking Program for Retail and Institutional Investors

Canadian digital asset investment fund manager, 3iQ Corp, has announced a strategic collaboration with Coinbase Global Inc (NASDAQ: COIN) to offer Ether staking through its products. The partnership aims to provide secure and regulated opportunities for retail and institutional investors to earn a yield on their investments. Canadian digital asset investment fund manager to introduce the Ether staking program 3iQ, with over $881 million in assets under management (AUM), plans to introduce the Ether staking program on August 28, 2023. The initiative will be implemented in its products, including The Ether Fund (TSX: QETH.UN, QETH.U) and The 3iQ Ether ETF (TSX: ETHQ, ETHQ.U). This move marks the first Ether staking for exchange-traded products (ETPs) and exchange-traded funds (ETFs) in the...

12Apr

By OLAJIDE SAMUEL1 Comment

Crypto Guides

Relationship Between Ethereum And NFTs

Ethereum is the most widely used blockchain platform for the creation and trading of non-fungible tokens (NFTs). NFTs have become increasingly popular in recent years, with the market for NFTs reaching over $2 billion in the first quarter of 2021. Ethereum's smart contract functionality, security, and community make it the ideal platform for NFTs. In this article, we'll explore why Ethereum is paramount for NFTs. Smart Contract Functionality Ethereum's smart contract functionality is one of the key reasons why it is the preferred platform for NFTs. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts on Ethereum allow developers to create NFTs that are programmable, meaning they ca...

An A-Z Guide to the “Ethereum Killer” Called Avalanche

28May

By Cryptolifedigital2 Comments

Crypto Guides

An A-Z Guide to the “Ethereum Killer” Called Avalanche

Avalanche is a public blockchain designed to scale throughput at low costs while maintaining speed, security, and decentralization. The Avalanche network uses AVAX as a native coin for paying transaction fees and accessing applications built on the network. When bitcoin was released back in 2009, it introduced the world to blockchain technology as a distributed ledger for recording transactions. Bitcoin opened up a host of other possibilities like borderless payments, machine-to-machine transactions, and the world of decentralized protocols. It also paved the way for the invention of many blockchain projects, including Ethereum, the second-largest cryptocurrency in the world. Read also: A Simple A-Z Guide for Starters On STEPN (GMT)? As the industry evolved, i...

What Is Ethereum? Simple Guide for Beginners

8May

By Cryptolifedigital4 Comments

Crypto Guides

What Is Ethereum? Simple Guide for Beginners

Ethereum (ETH) is a decentralized network for executing and verifying transactions that use lines of code called smart contracts. Smart contracts on Ethereum allow users to define and settle transactions without the need for a third party. Despite that, Ethereum is the second-largest block in the world still not everyone knows how the Ethereum block operate. What is Ethereum (ETH)? Ethereum is a decentralized blockchain network that securely executes and verifies transactions using lines of code referred to as smart contracts. These smart contracts allow participants to transact with each other without a third party involved. Read Also: What is Bitcoin? A Simple quick Guide for Beginners History of ETH. The whole idea behind Ethereum was initially s...