Tuesday, February 7

Tag: Merge

Ethereum’s Merge Is Now Live, It Will Causes A 0.2% Reduction In The World Electricity Usage
Ethereum

Ethereum’s Merge Is Now Live, It Will Causes A 0.2% Reduction In The World Electricity Usage

The long-awaited Ethereum merge has now gone live. Ethereum has successfully transformed from the Proof-of-Work into Proof-of-Stake as the merge goes live. The new development was shared by Ethereum’s Vitalik on his Twitter handle saying;  “And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.” Read Also: LUNC Burn Says LUNC Has No Association With Do Kwon https://twitter.com/VitalikButerin/status/1570306185391378434 Per Wu Blockchain: “The first Ethereum PoS block (height is 15537394) is produced, and the package validator is: 0xeee27662c2b8eba3cd936a23f039f3189633e4c8. The last Ethereum POW block was mined by F2pool.” Many pundits have often described the upgr...
As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future
Ethereum

As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future

As the Ethereum Merge approaches, CME Group, the world’s top derivatives marketplace announces the launch of options on the Ether future. Per the statement of Tim McCourt, the Global Head of Equity and FX Products, CME Group, as Market participants long for the upcoming merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging," Read Also: A Top ETH Whale Acquires Over 536.51 billion SHIB From Coinbase And Binance In The Past 24 Hours Tim stated: "The launch of our new Ether options contracts is particularly well-timed to provide the crypto community with another important tool to gain access to and manage exposure to ether. Our new options contracts will also complement CME Group's Ether futures wh...
A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge
Ethereum

A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge

According to Whale Alert, the cryptocurrency whale tracking platform has closely watched the transaction involving the second largest cryptocurrency in the world. As stated on the official handle of the Whale alert, a massive amount of 260,000 Ethereum was deposited on Binance in the hours leading up to press time.  Read Also: A Mysterious Wallet Acquired A Whopping 3.37 Trillion SHIB https://twitter.com/whale_alert/status/1567182144409042948 At the time of the transaction, the total Ethereum moved was worth approximately $434.18 million.  The massive movement of Ethereum across exchanges like Binance is because of the Merge that is fast approaching. It is no news that the Ethereum network upgrade is coming up this month as stated by the Ethereum developers. ...
Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September
Ethereum

Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September

The recent tweet by Ethereum’s founder, Vitalik Buterin, stated the Bellatrix kicks off today while the merge is still expected to come to life around September 13th to 15th. https://twitter.com/VitalikButerin/status/1566993505326710785 Ethereum’s Buterin stated;“The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important, though – make sure to update your clients!”  Recall, The merge road to the mainnet must be activated in two phases which include the Bellatrix, at an epoch height on the Beacon Chain and Paris, upon hitting a Total Difficulty value on the execution layer. Read Also: LEASH Token Is Now Officially Live On BlueBit.io In Addition To Three Oth...
Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches
Ethereum

Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches

According to the WuBlockchain, over 94,000 ETH was staked on the 1st of September, the ATH since May. Although, the data by Oklink put the value at 94,997 ETH at an average price of $1,543.51. The amount of ETH on the Ethereum 2.0 staking contract has now surged to about 13.522 million. Read Also: Cardano's ADA Becomes The First Among 3,870 Largest Crypto In Terms Of Social And Market Activities WuBlockchain tweeted;“On September 1, 94,000 new ETHs were staked in a single day, the largest single-day staked since May this year. At present, the number of staked Ethereum consensus layer contract addresses has increased to 13.522 million, accounting for 11.3%,”  https://twitter.com/WuBlockchain/status/1566627079403081728 It is well noted that whenever there is a high stake ...
Binance Adds Support On Ethereum Fork Ahead Of Merge
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 ...
Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed
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...
The Date For The Georli/Pratar Merge Revealed, Once It Has No Issue The Main Merge Will Be Announced
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...
Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs
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...
Ethereum Network To Handle 100K Transactions Per Seconds As The Network Will Be 55% Complete After The Merge Says Vitalik Buterin
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...