Tag: Ethereums

Ethereum’s Beacon Chain is updated after finality issues

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Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain serves as the consensus layer for the Ethereum network.  On May 11, Ethereum developers reported that the Beacon Chain was experiencing problems confirming transactions. Although new blocks were able to be proposed, an unknown issue prevented their finalization. The outage lasted around 25 minutes. A similar issue took place on May 12, preventing block finalization for over an hour. Finality was unable…

Ethereum’s total value locked hits new all-time high

The quantity of locked ethereum just hit 19,375,242 ETH, setting a new all-time high for the cryptocurrency. The total value locked (TVL) currently stands at $27.7 billion. ETH locked* hit an all-time recently at 19,375,242 ETH When you zoom out, the withdrawals seem like a dip for ants *All ETH that is “out of circulation”:• ETH staked on Beacon chain• ETH deposited to the beacon contract but not validating yet• Rewards on the Beacon chain pic.twitter.com/N1jyR7hcBO — Nansen 🧭 (@nansen_ai) May 9, 2023 This milestone comes after what may be…

Ethereum’s withdrawals are rising amid price drop

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The number of ethereum (ETH) withdrawals from exchanges has constantly risen over the past week as the asset’s price plunges from local highs. According to data provided by crypto.news, the ETH price dropped by 3% in the past 24 hours. Ethereum is trading at $1,850 at the time of writing. The second-largest cryptocurrency is also down by over 8% from its local high of $2,008 on May 6. Moreover, the number of ethereum withdrawals from exchanges…

Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade – Defi Bitcoin News

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Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking protocols. Since then, over 400,000 ether, valued at $763 million, has been added to 17 liquid staking platforms. Ethereum Liquid Staking Platforms Continue to Swell As of today, April 30, 2023, the total value locked into liquid staking protocols such as Lido Finance, Coinbase’s Wrapped Staked…

How the Hunt for Yet-to-Exist Tokens Is Shaping Ethereum’s Layer 2 Landscape

One yet-to-tokenize, yet-to-launch zkEVM protocol to keep an eye on, according to van Weert, is the zkEVM startup Scroll – which has yet to deploy on Ethereum’s main network but has partnered with some big-name protocols. “They already have a very mature ecosystem on their testnet, whereas on zkSync it is lacking. I mean, the capital is there, but a lot of people are sort of sidelined on zkSync because they have already bridged their funds over, but there isn’t enough to play around with right now.” Source

Ethereum’s (ETH) Energy Footprint Before the Merge, Was as Much as Switzerland’s Yearly Use

“If I go out on the street now and ask, ‘Hey, what is 100 terawatt hours? What is six gigawatt hours?’ people don’t know,” said Neumüller in an interview with CoinDesk. “So we have tried to contextualized it in the form of pictures, specifically with the buildings and, of course, the raspberry. This makes these magnitudes very clear without an understanding of energy notations.” Original Source EnergyETHEthereumsFootprintMergeSwitzerlandsYearly CryptoX Portal

Here’s how Ethereum’s ZK-rollups can become interoperable – Cointelegraph Magazine

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The past few weeks have seen a wave of zero-knowledge proof project launches, including Polygon’s zkEVM and Matter Lab’s zkSync Era on mainnet, and the Linea zkEVM from ConsenSys on testnet. They join StarkWare’s long-running StarkEx solution and its decentralized cousin StarkNet along with a variety of other projects in development from Polygon (Miden, Zero, etc.) and Scroll. They all promise faster and cheaper transactions to scale Ethereum using zero-knowledge proofs. But is the brutal competition between ZK-rollups a zero-sum game where there can be only one winner? Or are…

FTX considers reboot, Ethereum’s fork goes live and OpenAI news

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Top Stories This Week Ethereum’s Shapella hard fork executed on mainnet The Ethereum blockchain’s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in. Nearly a day after the upgrade, ETH surpassed the $2,000 price point. FTX has recovered $7.3B in assets, will consider…

Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade?

Going by the numbers, it seems like many ether (ETH) stakers have decided to hold onto their coins. Although several analysts predicted the just-completed Ethereum Shanghai hard fork (along with the separate Capella upgrade, together known as “Shapella”) would be a “sell-the-news” moment, ETH has actually climbed to eight-month highs. The second-largest crypto by market capitalization was trading above $2,000 for the first time since last summer, after gaining ~3% during trading hours in Asia. Source DidntEthereumsNewsSellShanghaiupgrade CryptoX Portal

Ethereum’s Shapella Upgrade Complete | Blockchain News

The Ethereum mainnet has completed its Shapella upgrade, allowing validators to finally withdraw their staked Ether on the Beacon chain. This successful execution is a significant step for Ethereum, as it enables validators to access their staked funds and provides an opportunity for ETH holders to move assets into Ethereum staking pools. At the time of writing, a total of 126,955.07 ETH had been withdrawn by validators. Of the 559,549 active validators, about 44% of them, or 248,043 validators, have the ability to request a partial or full withdrawal. The…