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After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In
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Fowler’s downfall was nearly inevitable – not just because he was in bed with bad people, but because he himself seems short on both ethics and competence. For instance, Fowler is sometimes described as a “former NFL investor,” but his escapades in the big leagues were a lot closer to
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Ethereum developers implemented the network’s first-ever “shadow fork” on Monday, marking an important milestone in the ongoing shift to a proof-of-stake (PoS) consensus. The shadow fork provides a venue for developers to stress test their assumptions around the network’s complex shift to PoS, according to Ethereum Foundation developer Parithosh Jayanthi. “The
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The shadow fork will share some of the data with the main Ethereum network, so some transactions could appear on both chains, Jayanthi cautioned. The shadow fork has already processed 1,166,016 transactions with an average block time of 14.8 seconds as of the time of writing, according to a block
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