Cryptocurrency Analysis and News Portal
The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged
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Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since
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Ethereum’s year was marked by reductions to energy costs and improved scalability, but it was also racked by hacks and “censorship.” Source
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press release PRESS RELEASE. Swarm, the decentralised storage and communication system built on Ethereum, is announcing the mainnet release of its storage incentives programme, a mechanism to reward storage providers, which now incorporates staking. Swarm has been in development for the past five years, having over $6 million in 2021 through
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But the tide may be turning, with the number of censored blocks on Ethereum seeing a steady decline between mid-November and mid-December. According to mevwatch.info, a watchdog site for monitoring Ethereum “censorship”, the highest number of censored blocks came on Nov. 21, when 79% of blocks relayed on Ethereum came
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Ethereum saw an increase in its price on Tuesday along with the rest of the crypto market following the positive CPI data release. The jump in price saw Ethereum finally beat the $1,300 price point after hovering around $1,200 coming out of the weekend. However, the digital asset had met
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According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum withdrawals. Ethereum Devs Aim for Hard
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The Merge brought proof-of-stake to Ethereum, a system which pays validators interest if they stake – or lock up – ether (ETH), Ethereum's native currency, with the network. Currently, staked ETH can’t be unstaked, or withdrawn. Shanghai will change that, and validators will also gain access to whatever rewards they’ve
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The Merge, which is considered one of the most significant blockchain upgrades on Ethereum (ETH) to date, brought down the network’s energy consumption by 99.9% immediately.On Sept. 15, the Ethereum blockchain migrated from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in an effort to transition into a green blockchain.
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Ethereum’s incumbent rollup networks cannot currently claim that they “borrow” Ethereum’s security. Valid Points is CryptoX’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets. Source
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