Saturday, April 20Welcome to Cryptolifedigital

Tag: Ethereum News

Binance Adds Support On Ethereum Fork Ahead Of Merge
26Aug By Cryptolifedigital1 Comment
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 ...
Read More
Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.
20Aug By Cryptolifedigital2 Comments
Blockchain

Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.

Tornado Cash has been facing some measure of censorship recently due to the current US ban, for this reason, it has been facing rejection from various platforms. For instance, Ethermine, the largest Ethereum pool ignore the Ethereum Addresses Related to Tornado Cash. A tweet by Wu Blockchain stated that Bitfly-owned Ethermine, Ethereum’s largest mining pool, has been shunning Tornado Cash-related transactions over the past week. Read Also: Cardano's Hoskinson Slams The Stake Pool Operators For Taking Cardano Private Issues To The Public https://twitter.com/WuBlockchain/status/1560813902245818368 Wu Blockchain stated “Ethermine, the largest Ethereum pool, has refused to pack Tornado Cash-related transactions into blocks in the past week. Several pool technicians also confirme...
Read More
Ethereum Merge Is Now Live On The Georli Although There Are Issues Which Are Being Troubleshot To Get Their Root
11Aug By Cryptolifedigital3 Comments
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 ...
Read More
Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum’s Buterin Stands To Defend The Tornado Cash
10Aug By Cryptolifedigital5 Comments
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...
Read More
Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge
8Aug By Cryptolifedigital1 Comment
Blockchain

Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge

According to the leading smart contracts infrastructure provider on the Ethereum network with an important footprint in DeFi, enterprise, and NFT/gaming arena, Chainlink has announced that the contentious fork after the merge will not be possible as this is in alignment with both the Ethereum Foundation's and the Ethereum community’s plan to upgrade from the former proof-of-work to the coming proof-of-stake. Read Also: Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC, Victory Is Ascertained For Ripple Read Also: Ethereum's Vitalik's Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain This is said, as the blockchain security experts point to the possibility of the ETH holders getting ...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
Like Us
Follow Us
Join Channel