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Interview with Ethereum core developer Lane Rettig, who discusses the Ethereum foundation, why he quit, ethics, hypocrisy, decentralisation vs scalability, and building better institutions. https://www.whatbitcoindid.com/podcast/the-failure-of-ethereum-governance
Thank you for clearing this up.
Kid must be in the red and only reads headlines. He posted the same thing almost 2 weeks ago and I pointed out it was only a test merge, only for the same misinformation to be spewed again
I thought it was in August?
Vitalik shows support for Optimism’s governance structure and OP gas proposal
BRIAN QUARMBY
9 HOURS AGO
The Ethereum co-founder has often advocated for projects to move away from coin voting in DeFi and DeGov, as it will enable smaller holders to participate in governance.
https://ih.advfn.com/stock-market/COIN/ETHUSD/crypto-news/88279850/vitalik-shows-support-for-optimism-s-governance-s
https://cointelegraph.com/news/vitalik-shows-support-for-optimism-s-governance-structure-and-op-gas-proposal
Head of George Soros’ Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC):Report
Daily Hodl Staff June 2, 2022 BITCOIN, ETHEREUM
The CEO of an investment management firm founded by George Soros says cryptos have passed the test when it comes to appealing to traditional investors.
In an interview with Bloomberg Wealth, Dawn Fitzpatrick of Soros Fund Management (SFM) tells host David Rubenstein that among the top two crypto assets, she believes Ethereum (ETH) will grab more market share from Bitcoin (BTC) due to environmental concerns.
“It’s here to stay and it’s gone mainstream with Fidelity just announcing you can put it in your 401(k).
The one caveat I would say is, first of all, climate impact is going to become increasingly in focus, and in that context, Ethereum is likely to gain some more traction over Bitcoin.”
Fitzpatrick, who also serves as the firm’s chief investment officer, goes on to say many crypto projects with trillions or even quadrillions of tokens might lead to instability, but overall the blockchain concept seems destined for use-case success.
“When we look at companies in the blockchain and crypto space, they all have massive treasury accounts with a lot of coins in them. And to me, that creates a little bit of near-term vulnerability.
But that said, I think blockchain technology is going to have some great applications.”
Soros Fund Management opened as a hedge fund back in 1970. It currently operates as a family office and as of the first quarter of 2022 held over $6.5 billion in assets.
Back in March of 2021, Fitzpatrick revealed that SFM has invested in cryptocurrencies, also noting that Bitcoin is now seen as an asset to hedge against inflation.
“When it comes to crypto, generally, I think we’re at a really important moment in time in that something like Bitcoin might have stayed a fringe asset but for the fact that over the last 12 months we’ve increased the money supply in the US by 25%, so there’s a real fear of debasing of fiat currencies.”
https://dailyhodl.com/2022/06/02/head-of-george-soros-family-office-predicts-ethereum-eth-will-gain-traction-over-bitcoin-btc-report/
Balancer launches on Ethereum L2 network Optimism
SAM BOURGI
7 HOURS AGO
There are currently 38 projects deployed on the Ethereum layer-2 network. More are expected as attention shifts to scalability.
Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees.
Balancer’s Optimism deployment was carried out in conjunction with Beethoven X, a decentralized investment platform on the Fantom Network that forked from Balancer v2. Together, both teams are said to have developed a decentralized exchange that is set to compete in the Optimism ecosystem.
Balancer Labs CEO Fernando Martinelli said his project's Optimism deployment reflects the belief that layer-2 scaling solutions will be effective in reducing transaction fees and network congestion.
Optimism is a layer-2 scaling solution designed to bring faster and lower-cost transactions to Ethereum. The network is said to support all decentralized applications on Ethereum via Optimistic Rollups, a scaling solution that operates in parallel with the main Ethereum chain.
Currently, Optimism has over $320 million in total value locked (TVL) on its chain from 38 projects, according to industry data. Its TVL peaked north of $510 million in late April. It currently ranks 19th in overall network value.
The number of projects launching on Optimism has increased considerably in recent months, partly due to expectations that the network was preparing to airdrop new tokens. Optimism has reported a surge in demand from users wanting to position themselves for the OP governance token airdrop, which will occur in multiple phases. It has been reported that nearly 250,000 addresses are eligible to receive the airdrop.
https://cointelegraph.com/news/balancer-launches-on-ethereum-l2-network-optimism
Ethereum Merge Date Is Set For June 8. Here's Why Experts Are Excited
Can't say I'm looking forward to this merge... Would rather just pay miners for a standard de-centralized protocol... Don't really trust ponzi-scheming self enrichment devs to maintain security.
Banks just wanted to demonize crypto and carbon footprint was all they had. It's too bad the devs here just jumped on board because they saw a way to get rich...
Lets be honest, every swipe of the CC is processed at a data center and has been encrypted for decades now. A materials sourcing company I know quotes and buys mass material for these data centers... None of them are crypto... many of them are transaction processing and e-commerce. What's their carbon footprint? Oh wait, yea that's right, there's no transparency there as there is with crypto...
Consider what happening with other POS, like Solana, it's not giving POS any validity to me right now.
I guess BTC will continue to reign supreme.
You are correct. Q3 starts the first of July. My bad. I need to edit some stuff now. Thanks for the heads up!
Tim - the 3rd quarter begins Jul 1. It will also be the beginning of the Geophysical Year 2023. Lots of stuff to look forward to.
Ethereum mid-year charts update - Today is June 1st and 2022 is half over. At midnight we began the third quarter - and second half of the year. I look at the monthly, weekly, daily and hourly charts and see how they did. Since Bitcoin's all-time high the second week of November 2021 at $68,997 it fell to $25,365 in mid-May. BTC has been down seven months out of nine. BTC ended last week red. It was down a record breaking nine weeks in row, and ETH was down eight. Is the second half of this year going to be up or down? See you on January 1st to recap the second half of the year.
That is what I’m hoping as well.
Had this at 1900 before it ran to $4800,with the merge coming in August and testing ongoing I expect a much bigger move then last and Eth's little bro ETC to gain huge miners pushing it back to old highs because of the merge
My braincell count exceeds the maximum limit for them...... get your feeling hurt from asking about a pointless message?
Should'a been a Ironworker
.
Nibbled some eth yesterday. Wish I waited.
.......... makes literally no sense but ok?
Don't you just hate it when you make a comment and instantly the market changes
French Luxury Brand Balenciaga to Accept Bitcoin, Ethereum as Payment
By Sander Lutz
May 23, 2022
2 min read
The luxury fashion brand is also privately designing a long-term metaverse business strategy.
Crypto is another step closer to mainstream acceptance as a payment method—if buying $1,250 hoodies that come pre-destroyed can be considered mainstream, that is.
Starting next month, French luxury fashion label Balenciaga will begin accepting Bitcoin and Ethereum as payment online and at select brick-and-mortar locations, according to The Wall Street Journal.
The move makes Balenciaga the latest legacy fashion brand to embrace cryptocurrencies as a payment method. Earlier this month, Gucci announced that it would begin permitting crypto payments online and at five in-store locations. Gucci currently accepts cryptocurrencies Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu as payment.
Balenciaga will initially permit payment only in Bitcoin or Ethereum, the two largest cryptocurrencies by market cap, but plans to expand the program to other coins in due time.
Luxury fashion is no stranger to Web3. The last year has seen numerous legacy brands, including Balenciaga, Gucci, Nike, Dolce & Gabbana, and Burberry, launch NFT collections and metaverse pop-ups. As traditional as these brands are in some respects, they’re all seemingly aligned on digital fashion as a business opportunity: According to several industry experts who spoke to Decrypt in October, the digital fashion industry could eventually approach or even match the $2 trillion value of the physical fashion market.
In December, Balenciaga announced the formation of an in-house metaverse business unit. While Cédric Charbit, the label’s CEO, declined to reveal anything to the WSJ regarding the unit’s plans or long-term strategy, he did say that he sees “the metaverse as a country,” a market just as important as any nation the brand currently operates in.
The news of Balenciaga’s embrace of cryptocurrencies comes as many believe the crypto market is entering another Crypto Winter. The amount of Bitcoin necessary to purchase a $1,250 Balenciaga hoodie in November would be worth a little under $563 today. But the turbulence of the crypto market does not intimidate the brand’s leadership. When asked if the market’s recent crash affected Balenciaga’s position on crypto, Charbit simply replied that his thinking was “long-term.”
https://decrypt.co/101183/balenciaga-accept-bitcoin-ethereum-metaverse
...... maybe read more than a headline. It's a testing merge.
Breaking News!
The Ethereum Merge Is Coming Sooner Than Expected -- Mark June 8 on the Calendar.
From what I'm reading 1200 is coming
Will the Ethereum 2.0 update reduce high gas fees?
Marcel Deer
MAY 14, 2022
1.What is the Ethereum 2.0 update?
Also called Eth2 and Serenity, Ethereum 2.0 is an upgrade to the Ethereum network that promises to bring several improvements.
Slated improvements to the network include reduced transaction fees, improved speed and better scalability. The update is currently in development and is expected to be rolled out in stages over the next few years.
One of the key features of Ethereum 2.0 is sharding, a way of splitting up the workload so that transaction requests can be processed in parallel. In addition, the Ethereum 2.0 update will make use of proof-of-stake (PoS) rather than proof-of-work (PoW) when validating transactions and blocks.
2.What is an Ethereum gas fee?
Every transaction on the Ethereum network costs a certain amount of "gas," which is essentially the fee paid to miners for processing the request.
The amount of gas required depends on the complexity of the transaction. For example, a simple transfer of ETH from one address to another requires less gas than a contract deployment or a token sale.
Currently, the network is only capable of processing a limited number of transactions per second, leading to high transaction fees and delays in processing. The Ethereum 2.0 update is expected to address these issues by improving scalability and reducing the amount of gas required for each transaction.
3.How are Ethereum’s gas fees determined?
The amount of gas required for a transaction is determined by the "gas price" set by the sender.
The gas price is usually expressed in GWEI, a fraction of Ethereum (ETH). Gas fees vary depending on the number of miners available, as well as the current projects and decentralized applications (DApps) running at the same time.
You can also decide on the amount you are willing to pay for the gas. For example, if you want a transaction to be done quickly, you can choose to pay a GWEI higher than the current market price. On the other hand, you can also select a lower gas fee if you are willing to wait for the miners to process your transaction.
4.Ethereum’s high gas fee and its impact on the platform’s scalability
Purpose of Ethereum 2.0
The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees.
While the full effects of the update will not be felt until it is fully rolled out, some of the possible use cases for Ethereum 2.0 include:
* Supporting the large-scale enterprise adoption of blockchain technology in
private corporations and businesses;
* Creating more decentralized autonomous organizations (DAOs) and
governance models based on smart contracts and trustless interactions;
* Ethereum token launches that will allow new projects to fundraise and launch
their own tokens on the Ethereum network;
* The further expansion of nonfungible tokens (NFTs) and other digital assets that
can be stored on the Ethereum blockchain; and
* Improved support for decentralized finance (DeFi) platforms and DApps is
expected to be widely used by crypto enthusiasts and the broader public.
In addition to these benefits, it is also likely that Ethereum 2.0 will enable a variety of new use cases that are not possible on the current network, such as:
* Distributing tokens that represent ownership rights as a method of managing
royalties in the music industry;
* Creating a decentralized AI (artificial intelligence) ecosystem that will allow users
to train and monetize their own machine learning models;
* Facilitating safe and inexpensive cross-border payments;
* Allowing supply chain managers to track product delivery without fear of
tampering;
* Providing a decentralized platform for gaming and predictive markets; and
* Increased privacy and the capacity to store large amounts of data, which can be
particularly helpful for storing sensitive information such as medical records and
financial data.
While there’s still time before the update is fully rolled out, the benefits it promises to bring are significant and could have a major impact on the way businesses and individuals use blockchain technology in the future.
The Ethereum platform's popularity
The blockchain network's popularity is expected to grow once Ethereum 2.0 is released.
Ethereum 2.0 will offer increased scalability, security and efficiency for businesses and individuals looking to take advantage of blockchain technology. Ethereum is currently one of the most well-known cryptocurrencies, alongside Bitcoin (BTC), with nearly 4 million wallets actively holding ETH as of February 2022.
The blockchain continues to be the place where most DeFi and NFT activities happen, with new DApps and projects being launched on the platform each day. According to analysts, Ethereum currently has 70% of all DeFi transactions in the cryptocurrency market, and its blockchain is used to support the majority of NFT and gaming projects.
The number of transactions on the Ethereum network
The average number of transactions on the Ethereum network is currently 1.1 to 1.5 million transactions per day.
These numbers are expected to increase exponentially after the launch of Ethereum 2.0, as it will allow significantly more transactions to be processed per day. At the moment, the network can only handle 15 transactions per second.
Ethereum 2.0 aims to increase this exponentially to about 150,000 by the time the upgrades are fully rolled out. If this becomes a reality, Ethereum will undoubtedly become one of the fastest and most scalable blockchains in existence, which should further increase its popularity.
Addressing scalability and high gas cost concerns with Ethereum 2.0
Scalability has always been one of Ethereum’s biggest challenges. This is especially true for developers seeking to build DApps and DeFi platforms on the blockchain, as transaction costs can be prohibitively high.
However, with the launch of Ethereum 2.0 (which introduces a new PoS consensus mechanism and shard chains), it will finally be possible to scale the network in a way that significantly reduces costs and facilitates faster transactions:
Proof of stake Shard chains
Tips and tricks to spend less gas fees on Ethereum
There are several ways you can reduce or even eliminate these costs when spending on gas fees on Ethereum.
* Use wallets that support batching: Batching is a feature offered by some wallets
that allows you to group multiple transactions into one, thereby reducing the
amount of gas you need to spend.
* Use ERC20 tokens: ERC20 tokens are digital assets that run on the Ethereum
blockchain and can be used in place of ETH when paying for gas. This is
because they often have much lower transaction fees than ETH, itself.
* Use a gas price calculator: Gas prices fluctuate frequently, so it's important to
use a gas price calculator to ensure you get the best possible price for your
transaction.
* Use a gas tracker: A gas tracker is a tool that allows you to monitor the current
gas prices on the Ethereum network in real-time. This can help ensure you're
always aware of the latest prices.
* Use a gas station: A gas station is a website that allows you to compare the gas
prices of different ETH wallets to find the best one for your needs.
By following these tips, you can significantly reduce the amount of money you spend on gas when using Ethereum. This will help make it more affordable for you to use the network and participate in DeFi and other activities until such time that Ethereum 2.0 has fully launched.
https://cointelegraph.com/explained/will-the-ethereum-20-update-reduce-high-gas-fees
Not sure if staking’s the answer but we all know big money is coming this next wave. Watch!
Thanks for the response. I think I’m good on that…..
I started on coinbase last April at 6 or 7% and was under the impression there would be a way to unstake it by now. Still locked up and interest rate keeps dropping
Mine are held on NEXO which pays the best interest in the coin you have there. They also have a 375 Millions insurance. Best place BY far, and you can exchange there without having to transfer coin off site. At nexo you'll get 4% or 5% if you lock it 30 days.
Anyone here stake. I was about to start doing it via CB until I saw the warning that staked funds could be lost. I’m terms of risk vs reward, staking my eth (currently valued at 16k) to make $50 from CB plus the 3% apr seems like a poor choice. Agree or disagree? Thanks
Robinhood Adds Grayscale Bitcoin and Ethereum Trusts
By Jeff Benson
May 6, 2022
3 min read
Robinhood has been leaning into crypto recently. The addition of GBTC and ETHE continues the trend.
For years, trading app Robinhood listed just a handful of cryptocurrencies. Over the past month, it's brought that number to 11, and it's now also making available two equities assets tied to the price of crypto.
As of today, Robinhood users can buy and sell Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) via the app.
GBTC and ETHE are investment products that trade like a stock and allow investors to get exposure to the price of Bitcoin and Ethereum, respectively, without actually having to buy them. Investment firm Grayscale takes care of the custody in exchange for a management fee, and buyers get a "share" of Bitcoin or Ethereum—or something like it.
But while both GBTC and ETHE are ostensibly tied to the price of the underlying cryptocurrencies, they rarely trade on a 1:1 basis. Part of the reason for the difference in price is long lockup periods; when large holders eventually sell, it can affect the price on the open market.
That discrepancy may help explain why Robinhood traders—who don't have to worry about custody issues as it is—may be interested in the assets: They can get them for cheap and hope the gap closes.
According to data from Ycharts, ETHE is selling at a discount of 26.18% as of Friday, meaning it's 26% cheaper to buy ETHE than it is to buy Ethereum. GBTC, meanwhile, is trading at a 25.5% discount.
If the U.S. Securities and Exchange Commission accepts Grayscale's proposal to transition the Bitcoin trust into a Bitcoin exchange-traded fund—that heavy discount would likely disappear as ETFs' structure allows them to trade much closer to the underlying asset's price. The SEC, however, has yet to approve any Bitcoin-backed ETFs not based on BTC futures, which are investment contracts based on the anticipated future price of Bitcoin.
Since Robinhood Crypto COO Christine Brown's departure from the company at the end of March, the brokerage has rolled out several major additions to its digital asset offerings.
In April, it added Compound, Polygon, Shiba Inu, and Solana to its available listings of Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. A week before, at the Bitcoin 2022 Conference, it announced its intention to use the Lightning Network for sending quicker, cheaper BTC transactions. It simultaneously revealed that users would be able to transfer their crypto assets off of Robinhood—something the company's executive had been promising since early 2021.
Cryptocurrency has been one of the few bright spots for the brokerage company, which reported an 18% drop in revenue for Q1 and recently laid off 9% of its staff. Cryptocurrency revenue, though, was up from $48 million to $54 million for the quarter (but still down 39% from a year-to-year comparison).
https://decrypt.co/99651/robinhood-adds-grayscale-bitcoin-ethereum-trusts
Vitalik: L2 transaction fees need to be under 5c to be 'truly acceptable'
BRIAN QUARMBY
1 HOUR AGO
Despite Layer-2s offering relatively cheap transactions, Vitalik Buterin said that all transactions need to be under $0.05 to be truly acceptable.
Ethereum (ETH) co-founder Vitalik Buterin believes that Layer-2 transaction fees need to be under $0.05 to be “truly acceptable.”
Buterin made the latest comments in response to a Twitter post from the Bankless podcast host Ryan Sean Adams, who shared a screenshot of the average transaction fees for eight Ethereum Layer-2 platforms.
The data is from L2fees.info, a website that compares the cost of Ether’s Layer-1 network in comparison to Layer-2s built on top of it.
The only Layer-2 to meet Buterin’s desired transaction fee under $0.05 is the Metis Network at $0.02, however a token swap on the platform still costs $0.14. Fees sharply increase from there, at $0.12 per transaction on Loopring and going all the way to $1.98 per transaction on the Aztec Network.
Ethereum’s Layer-1 is relatively affordable at present at $3.26 per transaction and a whopping $16.31 per token swap, however that only lasts until Yuga Lab’s releases another collection of NFTs where fees can skyrocket to $14,000 per mint.
Adams emphasized the importance of Layer-2s for keeping Ethereum affordable, noting that “this is Ethereum and it's not expensive,” but Buterin suggested it wasn’t there yet:
“Needs to get under $0.05 to be truly acceptable imo. But we're definitely making great progress, and even proto-danksharding may be enough to get us there for a while!”
Needs to get under $0.05 to be truly acceptable imo. But we're definitely making great progress, and even proto-danksharding may be enough to get us there for a while!
— vitalik.eth (@VitalikButerin) May 3, 2022
Buterin’s affordable transaction goal is a long held one that he first stated during an interview in 2017 that “the internet of money should not cost more than 5 cents per transaction."
In January, Buterin said he still stood by this goal “100%” as part of a lengthy Twitter thread going over some of the key things he’s said or written over the past 10 years.
“That was the goal in 2017, and it's still the goal now. It's precisely why we're spending so much time working on scalability” Buterin said.
Short term gas fee reduction
The proto-danksharding or EIP-4844 that Buterin referred to as putting downward pressure on fees in his response to Adams, is a recently proposed upgrade to Ethereum that will see key elements of danksharding — a new and simplified design of previous sharding designs — implemented onto the network without any sharding upgrades being initiated.
Proto-danksharding will enable a new type of transaction dubbed the “blob-carrying transaction” that carries an extra 125KB worth of data (blob) that cannot be accessed by the Ethereum Virtual Machine (EVM). The general idea is that this will help the network scale significantly in the short term while reducing congestion and competition for gas usage, thus lowering gas fees.
“Because validators and clients still have to download full blob contents, data bandwidth in proto-danksharding is targeted to 1 MB per slot instead of the full 16 MB. However, there are nevertheless large scalability gains because this data is not competing with the gas usage of existing Ethereum transactions,” Buterin wrote in a blog post last month.
While Ethereum’s roadmap is notoriously flexible the shard chains upgrade is slated for sometime in 2023 well after the merge of the Mainnet with the Beacon Chain.
Shard chains provide avenues to horizontally and cheaply store data across the network, which in turn spreads the load, reduces congestion and increases transaction speeds. Both Ethereum and its Layer-2s are expected to benefit from this dramatically.
https://cointelegraph.com/news/vitalik-l2-transaction-fees-need-to-be-under-5c-to-be-truly-acceptable
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
BRIAN QUARMBY
20 HOURS AGO
Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH, or 56% of all burns during that period.
The burning rate of Ethereum has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), sold 55,000 virtual land nonfungible tokens (NFTs) dubbed “Otherdeeds” on Sunday. The overwhelming demand for the tokens saw Ethereum gas fees shoot up so high that a handful of users paid as high as 2.6 Ether (ETH), or $7,400 at the time of writing, to 5 ETH, or $14,270, just to get their transactions through.
A base fee of ETH is burned during each transaction on the network following the implementation of the London hard fork, or EIP-1559 upgrade, last year.
According to data compiled from Glassnode and Data Always, nearly 70,000 ETH was burned on Sunday, which is more than triple the previous ATH of around 20,000 in mid-January.
Data from Ultrasound.Money shows that since the integration of EIP-1559 on August 5, 2021, the average burn rate has been 5.81 ETH per minute.
Amid the Otherdeed NFT sale, however, that figure jumped to 9.83 ETH per minute for a total of 99,084.65 ETH over the past seven days. Since then, the burn rate has dropped back down to around 3.9 ETH per minute.
While other platforms and projects accounted for this figure, it’s notable that Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,817 ETH, or 56% of all burns during that period. This figure is significantly ahead of second-placed OpenSea at 7,152 ETH.
This may be the last time Yuga Labs clogs Ethereum
With the demand for the sale temporarily overwhelming the Ethereum network and many users losing funds on gas fees for failed ETH transactions, Yuga Labs has outlined intentions to build a blockchain and port its BAYC-affiliated ApeCoin over.
In a Sunday Twitter post, Yuga Labs stated that it will be refunding user’s gas fees, and noted that:
“We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.”
https://cointelegraph.com/news/ethereum-burning-spikes-to-new-high-on-yuga-labs-nft-hype
FIFA announces partnership with blockchain innovator Algorand
https://www.fifa.com/about-fifa/president/media-releases/fifa-announces-partnership-with-blockchain-innovator-algorand
Sunday, 1 May 2022, 20:00 (local time)
-- World football’s governing body confirms collaboration with green blockchain technology company Algorand
-- Algorand will become the official blockchain platform of FIFA
-- Partnership announced by FIFA President Gianni Infantino and Algorand founder Silvio Micali in Los Angeles, USA
...exciting announcement for the blockchain community members who follow soccer worldwide imo...way to go Silvio !!
Algorand is getting a bridge to Ethereum
Algorand is about to get a huge liquidity injection.
https://cryptoslate.com/algorand-is-getting-a-bridge-to-ethereum/
'Predatory' Cryptos: Wikipedia Stops Taking Bitcoin, Ethereum Donations
https://www.benzinga.com/news/22/05/26922495/wikipedia-will-stop-accepting-bitcoin-ethereum-after-community-approves-proposal-decrying-digital-as
interesting...
Sweet! PPP $ETH $ETHE
Long since $1900 ETH after the merge is going to revolutionize blockchain and the crypto space more so then BTC ever could or would
Ethereum scaling solution Optimism upgrades governance structure
SAM BOURGI
7 HOURS AGO
Optimism Foundation will launch a governance token called OP to govern protocol and network parameters, and incentivize adoption.
The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract platform.
The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment in digital democratic governance,” the Optimism Collective essentially comprises a band of communities and stakeholders committed to improving Ethereum’s technical capabilities.
According to the details, the Optimism Collective will be governed by two components: the Citizens’ House and the Token House. The Citizens’ House will “facilitate and govern a process to distribute retroactive public goods funding” via revenues collected by the network. The Token House, which will be established through forthcoming airdrops, is tasked with voting on protocol upgrades and project incentives.
The Token House, to be powered by Optimism’s new governance token OP, will be responsible for overseeing protocol and network parameters as well as creating incentives for users to enter the ecosystem.
The Optimism Foundation said in its post that the blockchain community’s “calls for scalability are deafening,” referring to the growing demand for fast and efficient smart contract functionalities. This demand is being answered by several layer-1 competitors, all of which succumb to centralization flaws while abandoning “Ethereum’s security and values,” the foundation said, adding:
“Scaling the technology alone is not enough. We have a duty to scale our values along with our networks.”
While Ethereum continues to dominate the developer scene, its competitors are growing at a faster clip, according to a January report by crypto research firm Electric Capital. The report found that developer activity is growing for projects such as Polkadot (DOT), Solana (SOL) and BNB Smart Chain (BNB), which could potentially eat away at Ethereum's dominance. Meanwhile, Ethereum’s share of the decentralized finance (DeFi) market, as measured by total value locked, has also declined considerably over the past 12 months, according to DeFi Llama.
As Cointelegraph reported, progress toward Ethereum’s proof-of-stake upgrade is underway, though delays have pushed out the implementation timeline by several months. On April 11, Ethereum developers implemented the network’s first-ever “shadow fork” to stress test their assumptions surrounding the upcoming merge.
https://cointelegraph.com/news/ethereum-scaling-solution-optimism-upgrades-governance-structure
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