Tag: Ethereum News

The Ethereum beacon Proof of Stake (PoS) chain had an unintentional fork on Wednesday. “The Ethereum beacon chain experienced a 7-block deep reorg,” said Martin Köppelmann, the co-founder of Gnosis. The fork was due to a new change in the protocol that adds a ‘proposer boost’ to address certain potential attacks, according to Terence Tsao an Ethereum Protocol Developer at Prismatic Labs. Read Also: Tether Releases A New Stablecoin Pegged To The Mexican Peso “Given that the proposer boost is a non-consensus-breaking change. With the asynchronicity of the client release schedule, the roll-out happened gradually. Not all nodes updated the proposer boost simultaneously,” Tsao said. So we have a classic situation here where some nodes have the boost, some don’t, and then th...

As the fame of Web3 and the NFT industry is slowly reducing, Vitalik Buterin proposed his vision of the future of NFTs that may bring a second breath to the industry:  the "Soulbound" property of an item from the online MMORPG World of Warcraft. Read also: Half-Billion SHIB Destroyed, But Burn Rate Declines 27%: Report First and foremost, it is important to clarify what the Soulbound property is. Soulbound is a property of an item that makes it non-exchangeable by mail or auction trading. The game distributes Soulbound items for accomplishing certain quests or picking them up by killing unique bosses. The soulbound property usually increases the worth of the item on a secondary market. Since it is impossible to sell or transfer soulbound items, users sometimes sell...

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 ...

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...