Ethereum News Archives - Page 5 of 5

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

24May

By Cryptolifedigital1 Comment

Cryptocurrency

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

Michi Lumin, a Dogecoin Core developer, has tweeted about a recent meeting centered on the Dogecoin–Ethereum bridge, which is currently being built. Read Also: Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022 https://twitter.com/tjstebbing/status/1528880529797308416 According to Blue Pepper, the entity driving its development, the Dogecoin-Ethereum bridge is based on Ethereum co-founder Vitalik Buterin's Scrypt hash validation mechanism in Serpent, which was published in 2015. Dogecoin utility As previously covered by Cryptolifedigital, Dogecoin creator Shibetoshi Nakamoto believes that once a bridge between DOGE and Ethereum is created, it will be beneficial to Dogecoin. He also believes Dogecoin will require pl...

Vitalik Buterin, Ethereum Co-founder Says He Is No Longer A Billionaire

21May

By Cryptolifedigital1 Comment

Cryptocurrency

Vitalik Buterin, Ethereum Co-founder Says He Is No Longer A Billionaire

The Ethereum exec was also affected by last week’s cryptocurrency dip that wreaked havoc on investors. Following the late market turmoil that the prices of all digital currencies, Vitalik Buterin, the co-founder of the second-largest cryptocurrency Ethereum (ETH), has revealed that he is no longer a billionaire. Read Also: Elon Musk To Serve As Temporary Twitter CEO After Finalization: Report Buterin, 28, made the revelation on Twitter recently, saying: “I’m not a billionaire anymore.” https://twitter.com/VitalikButerin/status/1527657553441673217 Although he did not add any comment to the tweet, it is evident that the Ethereum developer and co-founder were also affected by last week’s dip that plunged the prices of all cryptocurrency assets, including Ethereum. B...

Ways To Avoid Whales From taking Over Staking Discloses By The C0-Founder, Vitalik Buterin

14May

By CryptolifedigitalNo Comments

Cryptocurrency

Ways To Avoid Whales From taking Over Staking Discloses By The C0-Founder, Vitalik Buterin

Many Ethereum (ETH) enthusiasts are after the possible centralization of the ETH2 staking process. In this view, they are talking about the measures to avoid the 'oligarchs' from dominating. High fees for fat cats Pseudonymous Ethereum (ETH) enthusiast Superphiz. eth who is an activist of the Ethereum Beacon Chain community has taken to Twitter to share his concerns about the centralization of the upcoming ETH2 network. Read Also: Shiba Inu Holders Get Increase As The Coin Hit A Fresh Milestones https://twitter.com/GGGEORGEGGGG/status/1525492953799610368 “I wonder, who will be the first staking provider to publicly commit to limiting themselves to not operating more than 22% of validators on the chain? Who do you want to see step up to the plate and pr...

ETH 2.0 Deposit Contract Passes 10% of Total Supply

4May

By CryptolifedigitalNo Comments

Cryptocurrency

ETH 2.0 Deposit Contract Passes 10% of Total Supply

Over 12.3 million ETH are deposited in the Beacon chain contract, awaiting the full upgrade later this year. In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value at current prices. Read Also: Cardano's First-Ever Algo Stablecoin Djed Goes Live in Testnet According to Etherscan, exactly 12,334,098 ETH is generating income through the contract at the time of writing. By comparison, ETH’s total supply is estimated at 120,642,170 ETH.The smart contract involves staking ETH on the Beacon chain – the future “spine” of the Ethereum network. It chain will eventually merge with Ethereum to act as its coordination mechanism, and allow it to operate using proof of ...

20 Billion SHIB Destroyed by Burn Portal, Solana Goes Down, SEC Attempts to Protect Hinman Emails: Crypto News Digest byCryptolifedigital

2May

By CryptolifedigitalNo Comments

Uncategorized

20 Billion SHIB Destroyed by Burn Portal, Solana Goes Down, SEC Attempts to Protect Hinman Emails: Crypto News Digest byCryptolifedigital

Take a look at what happened in the crypto firm over the weekend with cryptolifedigital’s top four news stories. Shiba Inu burn portal records more than 20 billion SHIB burned less than a week after launch Shiba Inu holders continue showing support for the recently introduced burn portal, wishing to boost their tokens’ price. In the first 24 hours after its launch, a whopping eight billion tokens have been incinerated. Since then, this figure has more than doubled. According to a report released on Saturday, meme token holders have destroyed more than 20 billion SHIB tokens. Read Also: 2 Trillion Shiba Inu Whales Grab $9 Million in APE: Report Today, per U.Today’s latest article, the number of burned Shiba Inu tokens increased to 22.5 billion. Solana goes down (again) ...

Wealth Manager Mike Alfred May Have Left Secret Message to Cardano Community in His Recent Tweet

2May

By CryptolifedigitalNo Comments

Cryptocurrency

Wealth Manager Mike Alfred May Have Left Secret Message to Cardano Community in His Recent Tweet

In his late tweet, cryptocurrency wealth manager Mike Alfred criticized networks like Ethereum, Solana, and even Cardano, highlighting the superiority of Bitcoin, which holds stable block issuance and processing since the launch of the blockchain. Read Also: Cardano's First-Ever L2 Solution Hydra to Operate in Lego-like Manner The tweet gathered the most recent negative events from each network, including Ethereum, Cardano, and Solana. But while the wealth manager highlighted functionality and performance issues on the two networks, Cardano's critique was not of the fundamental issues of the network. https://twitter.com/mikealfred/status/1520851538033348608 Alfred noted that Cardano's market performance was far from being accepted by the cryptocurren...

Ethereum Fees spiked 86% in Q1, 2022, $2.1 Billion in ETH Burned

1May

By CryptolifedigitalNo Comments

Cryptocurrency

Ethereum Fees spiked 86% in Q1, 2022, $2.1 Billion in ETH Burned

The largest smart contract network Ethereum (ETH) is witnessing an Unmatched spike in activity, on-chain metrics say. Experts in t Bankless podcast shared impressive figures. NFT trading volume spikes almost 200x year-to-year: Check out the statistics Bankless, one of the most insightful podcasts on the blockchain, crypto, and Web3, shared some numbers from its State of Ethereum Q1, 2022, report. Almost every metric increased by orders of magnitude. Read Also: Ethereum co-founder speaks out against attempting hostile takeover Twitter https://twitter.com/BanklessHQ/status/1520140178878353410 To commence with aggregated network hash rate and staked ETH amount both added 111% compared to $1.7 billion one year ago. Owing to the EIP-1559 implementation, the Ethereum (E...

10% of ETH’s Supply Locked in Consensus Layer Deposit Contract

30Apr

By CryptolifedigitalNo Comments

Cryptocurrency

10% of ETH’s Supply Locked in Consensus Layer Deposit Contract

The deposit contract for Ethereum’s consensus layer, formerly known as ETH 2.0, has exceeded 12 million ETH, worth nearly $34 billion at current prices. This means that more than 10% of the entire Ethereum supply is now locked in the consensus layer deposit contract. Read Also: Breaking: Ethereum developer sentenced to 63months for helping North Korea evade sanctions Progress in Ethereum’s Merge Despite shaky price action, and what appears to be a delayed Merge date, the appetite to help secure the Ethereum network as it transitions from Proof-of-Work to Proof-of-Stake continues to grow. As stated by Etherscan, the Ethereum consensus layer deposit contract has reached the 12 million ETH mark, which accounts for more than 10% of Ethereum’s entire circulating supply. This repres...

Crypto Gains Bullish Voices on Social Media As Stated By Santiment

21Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Crypto Gains Bullish Voices on Social Media As Stated By Santiment

A famous santiment data vendor has tweeted that users of various social media platforms are showing excitement about cryptocurrency. Although Bitcoin and Ethereum are recovering, the rest of the market remains in the red. Read Also: Shiba Inu and Dogecoin Now Accepted by AMC's Mobile App "Crypto is gaining some bullish voices again" According to a tweet by Santiment, the word "pump" is currently dominating in public channels across various social media presently—on Reddit, Discord, Twitter, and Telegram. Santiment analytics team believes that this FOMO ("fear of missing out") is not a big concern; however, they cannot see any signals of euphoria so far. https://twitter.com/santimentfeed/status/1516999894204141569 Ethereum transactions in profit surge As ...