Tag: Ethereums

Bug on Ethereum’s Nethermind Software Sparks Discussion of ‘Client Diversity’ Risks

It was a manageable incident, but the episode revived a long-simmering debate in the Ethereum ecosystem around the need for “client diversity.” Some experts took the opportunity to point out how bad things could have been if another client software, Geth, the chain’s most popular execution client, had gone out; the question is whether Ethereum could have kept going since Geth stands out as a possible single point of failure for the network. Source

MetaMask’s Secret Weapon and Ethereum’s Dencun Debacle

MOORE IS MORE. Ethereum co-founder Vitalik Buterin, the de facto high priest of the world’s largest smart-contracts blockchain, tossed out last week on a Reddit “Ask Me Anything” that it would be “reasonable” to raise the network’s “gas limit” – a very technical way of referring to the amount of transactions that can get jammed into each new block. He suggested an increase to “40M or so,” implying a 33% increase over the current limit of 30 million gas. (Yes, for the underinitiated, a unit of gas, in this context,…

Bitcoin and Ethereum’s Rise Signals a Promising Year Ahead for Digital Assets

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Because it’s a more familiar, regulated way to allocate capital into the crypto market. Check out Coinbase and MicroStrategy stocks in 2023 – they outperformed Bitcoin, and that’s no coincidence. These ETFs will open the floodgates for Registered Investment Advisors (RIAs), pension funds, and hedge funds to get in on the action. Plus, investment banks will start concocting new products based on these ETFs and the CBOE is awaiting approval to begin listing options on these new ETFs. Original

Ethereum’s Vitalik Buterin Proposes Gas Limit Increase

Following Buterin’s Reddit comments on Wednesday, more users on X, the platform formerly known as Twitter, chimed in with words of support for the suggested increase. Jesse Pollak, the head of protocols at Coinbase and creator of the layer-2 blockchain Base, shared his support of the move and suggested the gas limit could even be increased even further, to 45 million. Source CryptoX Portal

Ethereum’s price surges despite the market-wide chaos

The crypto market witnessed decline after false news about a Bitcoin (BTC) exchange-traded funds (ETF), but despite bearish sentiment in the market, Ethereum (ETH) posted gains. ETH gained 3% in the past 24 hours and is trading at $2,380 at the time of writing. The second-largest cryptocurrency even got close to the $2,400 mark as the hacked X account of the U.S. Securities and Exchange Commission announced the approval of a spot BTC ETF. ETH price, whale activity, open interest and RSI – Jan. 10 | Source: Santiment Ethereum’s market…

Vitalik Buterin Seeks to Simplify Ethereum’s Proof-of-Stake Model for Greater Efficiency, Proposes Three Changes

Buterin emphasized that these proposals provide credible ways to limit the number of signatures without compromising security or showing favoritism. Ethereum wants to make its proof-of-stake model simpler for better efficiency. Right now, validating transactions on the Ethereum blockchain is done by a large number of validator nodes, around 895,000 of them, and they generate about 28,000 signatures in each time slot. This huge number of signatures puts a strain on the network and makes it difficult to make improvements. As Vitalik Buterin, Ethereum co-founder, pointed out, having such a…

Solana Surges Nearly 83% in a Week As SOL’s Decentralized Exchange Volumes Now Rank Second After Ethereum’s

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New data from decentralized finance (DeFi) tracker DeFiLlama reveals that surging altcoin Solana (SOL) is now the top traded digital asset on decentralized exchanges (DEXs) behind Ethereum (ETH). Solana’s trading DEX volume has soared by more than 25% in the past week for a total of $5.6 billion, catapulting it into the second highest traded digital asset on DEXs, according to DeFiLlama. On December 13th, Solana ranked just fourth by DEX trading volume. Ethereum is the top traded DEX asset with $8.89 billion in trading volume in the past week. Source:…

Ethereum’s dominance to persist despite Solana’s investor appeal, Coinbase says

Although investors ‘have been heavily’ allocating to Solana throughout 2023, Ethereum will still be the top smart contracts platform in 2024, Coinbase says. In a new report titled “2024 Crypto Market Outlook,” Coinbase noted that throughout 2023, net fund inflows to Solana-related (SOL) investment funds were second only to Bitcoin (BTC), surpassing Ethereum (ETH) and other multi-asset funds flows. Analysts at the U.S.-based crypto exchange attributed the surge in Solana investment to the network’s ability to handle high transaction volumes and low fees, which they say are necessary to support…

Ethereum’s Vitalik Buterin Wants to Transfer Some Layer-2 Functions Back to L1 via Enshrined zkEVM

Buterin believes the enshrined zkEVM method, which returnes functions to L1, is the next course of action as “light clients” get stronger. Ethereum co-founder Vitalik Buterin has made a case for taking some functions away from Layer-2 networks or rollups, back to the main Ethereum chain. This “enshrined zkEVM” (zero-knowledge Ethereum Virtual Machine) method is a direct opposite of his previous campaign years ago, which sought to transfer computational load from the main Ethereum chain to Layer-2 networks. Buterin previously touted major support for Layer-2 networks that bundle transactions for off-chain…