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“From our perspective, these NFT volumes just go to show users really do care about that cost and performance,” Gokal said. Because “Ethereum is probably the largest by mindshare for NFT projects as an ecosystem,” its shift away from proof-of-work towards a less-environmentally harmful protocol, “is a really good thing.”
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One of the most significant events in the history of cryptocurrency is finally expected to happen this week. Ethereum’s major software upgrade,
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While The Merge is expected to take place in less than two days, the Ethereum proof-of-work (PoW) fork is scheduled to go live 24 hours after the transition, according to ETHW developers. On August 8, 2022, ETHW exchanged hands for $141 per unit and today the crypto asset is down
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The “difficulty bomb” developers had placed in the code was a warning sign to miners that one day the transition would happen, Di lorio said. The difficulty bomb, as explained by Ethhub, is intended to “freeze” the chain by increasing “the difficulty level of puzzles” for the proof-of-work algorithm, which
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With The Merge coming next week and Cardano’s Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. Moreover, the market capitalization of the top smart contract crypto assets
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The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW's price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut.ETHW/USD daily price chart. Source:
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The risks for both protocols, Compound and Aave, and perhaps other DeFi lenders, are similar: Airdrop speculators could suction up ETH deposits thereby creating liquidity constraints for other users. Indeed, other DeFi protocols are seeing users swap out ETH-derivatives, like Lido’s staked ETH (stETH), which won’t receive airdrops and is
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Goldman also expects upside from higher interest rates from USD coin (USDC), and it noted that as the sole retail issuer of USDC, Coinbase gets a share of the interest income generated from the USDC reserves. Given that interest rates are expected to reach over 3.5% over the next few
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Also, if the Merge is successful, it may reduce interest in Ethereum’s competitors, or so-called “Ethereum killers” Shin said, adding that she doesn't see other networks “taking off,” unless “a spectacular failure” with the Merge were to occur. Competing blockchains such as Cardano and Polkadot were founded by people involved
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“Gaming is growing, workstation is growing, AI hyperscale data center is growing, high-performance computing is growing. Quite frankly, I'd prefer that our GPUs were built to be used in those areas," he was quoted as saying at the company’s annual technology conference in 2018. "My preference would be, of course,
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