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Ethereum has seen plummeting exchange withdrawals in recent times. Exchange withdrawals are a metric that is used to sometimes map out investors’ sentiment towards a cryptocurrency. With Ethereum exchange withdrawals reaching one-year lows, it brings to light some facts about the digital asset and where it may be headed. We’ll
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“Although client development and UX continue to be refined, we encourage the community to start using Kintsugi to familiarize themselves with Ethereum in a post-merge context,” Beiko said. “For application developers, as previously explained, not much will change. Tooling which only interacts with either the consensus or execution layer is
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Ethereum software firm ConsenSys has launched “ConsenSys Rollups” with the help of Mastercard’s engineering team for scalability on both the Ethereum Mainnet and for private use, according to a statement Thursday.“ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that
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Aztec’s first product was the private transfer protocol zk.money, which the company says has had over 20,000 registered users, 50,000 transactions and $35 million in total deposits. In January, the company is set to launch Aztec Connect, a way for users to privately access Ethereum’s decentralized finance (DeFi) ecosystem. Source
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The Ethereum network recently underwent the Arrow Glacier hard fork on Dec. 9, with the sole purpose of delaying the “difficulty bomb” to June of next year. The difficulty bomb is a mechanism to force the proof-of-work network to stop producing blocks, making mining unprofitable and disincentivizing miners from keeping
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The non-profit organization that backs Ethereum has announced a new initiative to the benefit of the infrastructure supporting this blockchain. Launched to contribute to the network’s health and decentralization, according to an official post, the Client Incentive Program will promote diversification in the Ethereum ecosystem. Related Reading | TA: Ethereum Breaks
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Ethereum extended decline below the $3.850 support zone against the US Dollar. ETH price is consolidating and trading above the $3,700 support zone. Ethereum extended decline below the $3,850 and $3,800 support levels. The price is now trading below $4,000 and the 100 hourly simple moving average. There is a key bearish trend
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Ethereum’s economics are an interesting contrast to bitcoin’s monetary minimalism. It is important to state, especially in today’s needlessly adversarial environment, that Ethereum is not primarily concerned with economics. Rather, Ethereum is first and foremost a distributed world computer with its own native currency. However, it can be imagined as
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Scaling solution Polygon has stepped up its Zero-Knowledge (ZK) proof ambitions. According to an official post, a startup called Mir will collaborate with Polygon and has invested a staggering amount of $400 million. Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides Mir and its team of experts will
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According to a press release provided to CryptoX, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows
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