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Ethereum’s Ninth Shadow Fork Go live In Preparation For The Main Merge

15Jul

By Cryptolifedigital2 Comments

Ethereum

Ethereum’s Ninth Shadow Fork Go live In Preparation For The Main Merge

According to the tweet by the Ethereum developer, superphiz.eth, he said that the merged timeline is not final, regarding Ethereum’s ninth shadow fork that went live in the early time of the 15th of July. This shadow fork marks one of the final tests before the major merge. As stated on the website, the timetable for the final testing is as follows; Read Also: The Bitrue supports XRP by listing the token with 10 new pairs. Goerli/Prater client releases 27th or 28th of July.Announce 28th/29th.Prater Bellatrix on the 8th of AugustGoerli Merge on the 11th.ACD 18th August plan mainnet Merge:Bellatrix early September;Merge two weeks later (week of Sept 19th). https://twitter.com/superphiz/status/1547643255335968771 Recall, for a merge to occur successfully, the merge must pass t...

Sepolia, The Second Public Testnet Runs Successfully; Major Merge Is Closed

7Jul

By Cryptolifedigital1 Comment

Ethereum

Sepolia, The Second Public Testnet Runs Successfully; Major Merge Is Closed

Merge has successfully cut across two out of the three public testnets. As we know that the Ethereum was expected early this month, Tim Beiko, Network developer, disclosed the Bellatrix upgrade which was slated for June 2nd. This upgrade was done to open the door for the first public testnet, the Ropsten Beacon Chain in preparation for the Merge. Read Also: Binance CEO Aims To Make Binance Cut Across The Globe; He Met With The African Head The Second Time. Recall, on May 30th, Ethereum announced the release of a new beacon chain on the Ropsten network to provide consensus, the proof-of-work that permits the nodes of the Ethereum network to agree on the state of all information recorded on the Ethereum blockchain and secures particular kinds of economic attacks. Remember, after ye...

Gray Glacier Has Been Successfully Launched On The Ethereum Network In Preparation For The Major Merge.

30Jun

By CryptolifedigitalNo Comments

Cryptocurrency

Gray Glacier Has Been Successfully Launched On The Ethereum Network In Preparation For The Major Merge.

Gray Glacier has been successfully launched on the Ethereum network. As reported by the Cryptolifedigital, the Ethereum network was scheduled to take a scheduled upgrade called “Gray Glacier” at block 15,050,000 on 29th June. The Difficulty Bomb will be prolonged by 700,000 blocks via the Gray Glacier upgrade. The mining action of the miners on the current network, Ethereum 1.0 will be discouraged by the Difficulty Bomb after the successful transition to Ethereum 2.0. Read Also: Grayscale's Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal According to the core developer at Ethereum, Tim Beiko, this delay or prolongment of the Difficulty Bomb will be the last. He added that the Bomb would keep fraud off the network because it would require decent t...

Ethereum Network To Take A Scheduled Upgrade called “Gray Glacier” At Block 15,050,000 On June 29th.

25Jun

By Cryptolifedigital1 Comment

Cryptocurrency

Ethereum Network To Take A Scheduled Upgrade called “Gray Glacier” At Block 15,050,000 On June 29th.

On June 29th, the Ethereum network will take a scheduled upgrade called “Gray Glacier” at block 15,050,000. The Difficulty Bomb will be prolonged by 700,000 blocks via the Gray Glacier upgrade. The mining action of the miners on the current network, Ethereum 1.0 will be discouraged by the Difficulty Bomb after the successful transition to Ethereum 2.0. Read Also: Shiba Inu Is Up Above 11% At $0.0000115 In The Last 24 Hours And Up Around 41% In The Week According to the core developer at Ethereum, Tim Beiko, this delay or prolongment of the Difficulty Bomb will be the last. He added that the Bomb would keep fraud off the network because it would require decent technical knowledge. Miners or node operators which fail to participate in the upgrade will halt in an incompatible Chain ...

Ethereum Developers Can Now Have Technical Insight Into What to Expect In The Full Merge As Sepolia Testnet Beacon Chain Go Live

21Jun

By Cryptolifedigital2 Comments

Cryptocurrency

Ethereum Developers Can Now Have Technical Insight Into What to Expect In The Full Merge As Sepolia Testnet Beacon Chain Go Live

Ethereum ETHE/USD is one of the biggest blockchain networks in terms of market capitalization and utility within the circles of DeFi as well as NFTs. It has made way for a lot of use-cases because of its smart contract operability. Although its scalability has been limited by its Proof-of-Work (PoW) consensus mechanism, something the merge to Eth 2.0 aims to resolve. Read Also: Burn Rate Surged 162.98% As 216.30 Million SHIB Was Destroyed via 15 transactions In The Last 24 Hours. Ethereum developers can now have technical insight into what they should expect once the full merge comes as Sepolia testnet Beacon Chain has gone live and established the foundation for that purpose. It was announced on June 20th, 2022 in a tweet by Nethermind, https://twitter.com/nethermin...

The Latest Version of The Geth Standalone Clients Is Now Available: Go Ethereum

16Jun

By CryptolifedigitalNo Comments

Cryptocurrency

The Latest Version of The Geth Standalone Clients Is Now Available: Go Ethereum

In the quest to control the amount of energy used in the mining of Ethereum, a few days ago, the merge was launched in the ecosystem. Although, migrating to Ethereum 2.0 under the PoS mechanism has been a serious issue for the Ethereum developers. Go Ethereum, one of the three original implementations of the Ethereum protocol, has announced that the latest version of the Geth standalone client is now available. Geth v1.10.19, also known as Camaron, is a feature release that contains a definition for the Gray Glacier fork. Gray Glacier fork is a difficulty-bomb postponement, which is expected to go live on Ethereum Mainnet towards the end of June. Read Also: Edgevana, a startup promising scalable capacity In Edge Locations Adds Support To the Solana, A Web3 Blockchain Firm. ...

Ethereum’s Present Breakthrough Could Make It The Most Unique Asset On The Earth

10Jun

By Cryptolifedigital1 Comment

Cryptocurrency

Ethereum’s Present Breakthrough Could Make It The Most Unique Asset On The Earth

Previously, on the Ethereum network, users are charged some amounts to perform any transaction, buying, selling, swapping, minting, etc. Ethereum initially had a ridiculous record for having very high gas fees for its transactions. Two weeks ago, the crypto giant began offering meager transactional charges to its users, as recorded by Santiment. Santiment is a financial market content and data platform for blockchains and cryptocurrencies. Read Also: Tether (USDT) To Launch On Tezos Blockchain And Hope To Effect Tezos' Long Term Growth. The metric platform took to Twitter the news of Ethereum’s meager transaction prices. As of Tuesday, 24th May, the second-largest blockchain had a transaction price of $2.54 a transaction. Alongside, the above testimony, the all-await...

Ethereum adds 500,000 new addresses per week And Its Developers Successfully Activate the Merge on the Ropsten Testnet

8Jun

By Cryptolifedigital4 Comments

Cryptocurrency

Ethereum adds 500,000 new addresses per week And Its Developers Successfully Activate the Merge on the Ropsten Testnet

Despite the cryptocurrency Market alternating between bearish and bullish, struggling to hit a bullish streak, one of its major assets, Ethereum (ETH) has been continuing to accumulate hundreds of thousands of new addresses. Read Also: Cardano IOG Join Force with Colorado Satellite TV ‘DISH’ To Release A Loyalty Coin System On Blockchain Specifically, the network has been adding around 500,000 new addresses each week, surpassing 200 million cumulative addresses, as stated by the data on the crypto analytics platform Dune. In reality, the chart above demonstrates that the total number of addresses on June 6 amounted to 207,606,780, as it has been adding an average of 500,000 new addresses weekly over the past few months. The dashboard was assembled by Dune’s da...

Ethereum’s Ropsten test merge is expected to initiate in the next 48 hours

7Jun

By CryptolifedigitalNo Comments

Cryptocurrency

Ethereum’s Ropsten test merge is expected to initiate in the next 48 hours

Ropsten, Ethereum's oldest testnet, is about to undergo its transition to proof of stake — as one of the final tests ahead of the merge on the main Ethereum blockchain. While the exact timing for the Ropsten merge will fluctuate depending on a few variables, it's expected to happen on Wednesday, according to an official blog post from Ethereum. The major aim of the testnet is to practice Ethereum’s mainnet merge by the year-end. The Ethereum core developers have conducted merge tests in the past, including a shadow fork on the main network and another merge on a testnet called Kiln. Read Also: Solana Blockchain Tops $2 Billion All-Time NFT Sales Despite Market Slump This event will take Ropsten’s two chains — one proof of work, the other being the proof-of-stake beaco...

Ethereum Staking Increases but Will ETH Flood Markets After the Merge?

3Jun

By Cryptolifedigital2 Comments

Cryptocurrency

Ethereum Staking Increases but Will ETH Flood Markets After the Merge?

The number of Ethereum (ETH) staked on the Beacon Chain has reached its highest-ever levels, but some observers are growing concerned over a larger sell-off after the merge. The amount staked ETH in the Beacon Chain Smart contrast has reached 12.76 million according to Glass node. It reported that 398,000 unique validators have staked and an additional 19,800 staked and came online in May. Read Also: Charles Hoskinson Says Cardano Will Disclose “Amazing” Features of Input Endorsers Next Week Glassnode also claims that the number of staked ETH is 10.73% of the circulating supply. At present prices, the value of those locked up assets is around $23.3 billion. Whichever way, the spike in staking and confirmation is a note of confidence for the Ethereum community in a bear m...