Ethereum Archives - Page 2 of 5

Dogecoin Becomes The 2nd Largest PoW As Merge Goes Live

16Sep

By Cryptolifedigital2 Comments

Dogecoin

Dogecoin Becomes The 2nd Largest PoW As Merge Goes Live

Dogecoin now becomes the second largest coin in terms of mining post-Ethereum merge. As the Ethereum merge occurs on the 15th of September, it pave way for some changes in the crypto sphere which is the transition of Dogecoin from its 3rd position in terms of mining to the second following Bitcoin. Read Also: LUNC Burn Says LUNC Has No Association With Do Kwon Long before now, Dogecoin has been occupying the position 3rd position with Bitcoin and Ethereum ahead of the meme while the Ethereum Classic (ETC) and Litecoin (LTC) after it. With a market capitalization of $8.04B at the time of reporting – per data from CoinMarketCap – Dogecoin still comfortably places itself in the 10th position of largest cryptocurrencies, considering all assets, including PoS tokens. ...

Shadow Fork 13, The Final ShadowFork Was Successful In Preparation For Merge, Goggle Starts A Countdown Timer For Merge

10Sep

By CryptolifedigitalNo Comments

Ethereum

Shadow Fork 13, The Final ShadowFork Was Successful In Preparation For Merge, Goggle Starts A Countdown Timer For Merge

According to the tweet by Nethermind (Ethereum’s developers), he confirmed the successful completion of the final requirement, the shadow fork 13 which is highly required for the merge. https://twitter.com/nethermindeth/status/1568165172908261377 Shadow Fork 1 Was Implemented On April 11th, 2022 Recall, that the shadow fork aid developers in stress test synchronization assumptions to ensure the network in the course of the Ethereum upgrade. As far back as April 11th, 2022, Ethereum developers launched and implemented the Shadow fork 1. Read Also: SpendTheBits Is launched On The XRPL To Allow Faster And Low-Cost Bitcoin Transaction With Merchants, Who Accept Bitcoin As A Payment Method It is worth noting that the 13th shadow fork came after almost six months after the firs...

Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed

25Aug

By Cryptolifedigital1 Comment

Ethereum

Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed

The long-awaited Ethereum merge is at the corner as all the public testnets are wholly and successfully upgraded. It is no news that the biggest upgrade the Ethereum community is waiting for is the merge. The idea of merging is to transit from the Proof-of-work to Proof-of-Stak. The PoW is said to be consuming a lot of energy which could be devastated nature in the nearest future. Read Also: Veteran Brandt Suggests That Shiba Inu Coin May Plunge Massive If It Drops Less Than $0.00001 Merge's Idea Is To Reduce Energy Consumption In this premise, the Ethereum developers have been researching to reduce the gas fee of the Ethereum smart contracts as well as the energy consumption. The Merge research started some time ago. According to the developers, for the merge to surface o...

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

8Aug

By Cryptolifedigital2 Comments

Blockchain

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

As stated by Ethereum’s founder, Vitalik Buterin on his Twitter handle, giving his view on the need for more privacy in sending NFT to Vitalik.eth anonymously to everyone except him. Although, while a good number of people showed interest in blockchain because of its level of privacy, there are bad eggs that use the advantage to perform all kinds of hacks through the Tornado Cash developed by Ethereum. https://twitter.com/VitalikButerin/status/1556548617636556800 It is known while Butering was proposing the lightweight technology, the original author of the proposal Nerolation opts to use Zero Knowledge technology. Read Also: ApeCoin Now Becomes A Global Payment Method Via BitPay Read Also: Everest Partners With Bitso To Allow The Everest Users To Do Cross-border Payment ...

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 ...

MicroStrategy CEO Answers Some Questions On Ethereum; Is It A Security Or Commodity.

13Jul

By Cryptolifedigital2 Comments

Ethereum

MicroStrategy CEO Answers Some Questions On Ethereum; Is It A Security Or Commodity.

The CEO of Microstrategy and renowned Bitcoin Bull, Michael Saylor has tagged Ethereum, the leading smart contract platform “A Security” Michael saylor named Ethereum "security" in an interview With Altcoin Daily displayed on YouTube. He went down by agreeing with the claims made by SEC chief Gary Gensler that Bitcoin is the only crypto that fit the description of being a commodity. Read Also: The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain He also said concerning Ethereum “I think it’s pretty obvious it’s a security. It was issued via an ICO [initial coin launch]. There’s a management team. There was a pre-mine.” Saylor says for a crypto to be labeled a commodity, there cannot be a dedicate...

The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain

12Jul

By Cryptolifedigital2 Comments

Blockchain

The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain

Recall the update in Early 2022, Arbitrum talked about the launch of Arbitrum AnyTrust technology optimized for the ultra-low-cost transaction and very good security. As stated by Arbitrum’s official page, the largest Layer 2 network on Ethereum in terms of TVL is set to bring forth the AnyTrust technology by launching Arbitrum Nova Chain, its Mainnet is now open for developers to start building ahead of opening up to end-users. Read Also: Uniswap Has Been Laundered Via A Tornado Cash And 4259 ETH Was Stolen. https://twitter.com/arbitrum/status/1546560661282586626 As stated in the tweets, Arbitrum has two distinct chains on the mainnet that together can support just about every blockchain use case. https://twitter.com/arbitrum/status/1546560663778213888 Nova will be...

Uniswap Has Been Laundered Via A Tornado Cash And 4259 ETH Was Stolen.

12Jul

By Cryptolifedigital3 Comments

Blockchain

Uniswap Has Been Laundered Via A Tornado Cash And 4259 ETH Was Stolen.

According to the CEO of the largest crypto exchange, the sum of 4259 ETH has just been stolen on the UniSwap ETH blockchain. CZ took to his Twitter page, the exploit was on UniSwap V3 on the ETH blockchain. The hacker exploited the huge amount of ETH through Tornado Cash. With immediate effect, the issue was attended to by the Uniswap team. Read Also: Shiba Inu's Average Balance Rose By 18% As whales Accumulate And Over 69M SHIB tokens were burnt Over the last 24 hours. https://twitter.com/cz_binance/status/1546624143432433664 Harry Denley, a security researcher at Metamask has once made this known to his 13,000 Twitter followers that as of block 151,223,32, there have been 73,399 addresses that have received fraudulent ERC-20 tokens intended to steal their assets. https://...

Solana Is Considered Ideal For Athens DAO Because Of Its Cheap Cost And Fast Transaction.

5Jul

By Cryptolifedigital2 Comments

Blockchain

Solana Is Considered Ideal For Athens DAO Because Of Its Cheap Cost And Fast Transaction.

The idealness of Solana for DAO was made known at the Hacker House event organized by Grape, a decentralized social-networking protocol, developers after which a core contributor to Grape, Dean Pappas, said “To experiment in governance and think about all these new ideas, these wacky things, you need very cheap transactions, they need to happen fast, and you need a very good user experience.” Read Also: Cardano's On-Chain Transactions Hit Over 44 Million As It Spiked 5.44% The developers revealed that investment-focused DAO, Athens DAO, considers Solana ideal for Governance and cheap transactions. Compare to the second-largest cryptocurrency, Ethereum, the transaction costs on Solana are low and this has massively supported the high NFT transactions on its network. More also, one...

Ronin, an Ethereum-linked sidechain To Go Live This Coming Thursday After A Major Hack

24Jun

By CryptolifedigitalNo Comments

Blockchain

Ronin, an Ethereum-linked sidechain To Go Live This Coming Thursday After A Major Hack

Ronin, an Ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game, intends to commence its bridge again next week which will make it 3 months after it suffered a $600 million hack. The Ronin March 23rd Hack On March 23, hackers later identified as the North Korean group Lazarus, took control over five out of the nine validator nodes on Ronin, allowing them to steal 173,600 ETH and 25.5 million USDC from the bridge. These funds were that time over $600 million, making it one of the biggest hacks to date. Then, the team has to freeze the exploited bridge and stop Katana, a decentralized exchange on the sidechain. Read Also: Charles Hoskinson Testify At The Present Of The US Congress On The Cryptocurrency Regulation The bridge is set to go live this coming Thursd...