Ethereum News

  • Can miners turn to Ethereum Classic ETC?

    After Ethereum founder Vitalik Buterin encouraged PoW-enabled miners to switch to Ethereum Classic (ETC), DCG (Digital Currency Group) founders made a similar call. On Aug. 6, Digital Currency Group founder and CEO Barry Silbert tweeted, “We fully support ETH PoS, and we do not plan to support any ETH PoW forks other than ETC. ETH miners should shift their computing power to ETC to maximize long-term revenue. In fact, according to 2miners data, since July, the computing power of the entire ETC network has risen sharply, from around 20Th/s to…

    2022-08-08
  • Why is “decomposition” the first principle of blockchain optimization?

    Over the past two weeks, I have spent a lot of time learning about the latest chain-level innovations, and in my opinion, “disaggregation” is the first principle that guides these innovations. What is decomposition? The term comes from ‘modular blockchain’ (my latest article explaining why decomposing and not modularizing blockchains), and there are some differences between decomposing and modularizing: Modularity refers more to a layer in the stack that outsources at least one of the blockchain’s three properties ‘execution, settlement and data availability’ from operating the blockchain. Decomposition is possible…

    2022-08-08
  • Delphi Digital: The Complete Guide to Rollup

    Vitalik contributed his masterpiece The Incomplete Guide to Rollup , and I’ll show you The Complete Guide to Rollup. Well, actually it wasn’t complete either, but it sounded pretty cool, so I decided to go with that name. This report only analyzes the design space of Rollups on Ethereum and Celestia. I highly recommend my recent Ethereum report for background reading. In this report, I’ve covered the two projects I’m most familiar with, but there are actually many other teams building. Polygon (Avail), Tezos and Milkomeda etc. are also in the Rollup stack game. In fact, Tezos is…

    2022-08-08 Ethereum News
  • What does it mean for Ethereum revenue to be surpassed by DApps such as Uniswap?

    In the next cycle, is it possible to create a super DApp with revenue value close to or even higher than the underlying public chain? Something happened recently, whether it is big or small, that is, the total turnover of Uniswap in the first two weeks exceeded that of Ethereum. It is not big because it is only a weekly data after all, which belongs to “occasionally”; it is not small because Uniswap is only one of the thousands of DApps on Ethereum, and now a DApp earns Temporarily surpassing the…

    2022-08-08
  • Rollup-as-a-Service Challenges and Opportunities: From Multi-Chain to Multi-Rollup

    Cosmos and Polkadot adopt the expansion scheme of multi-chain structure. Their blockchain SDKs, Tendermint and Substrate, are used by many projects to customize their own blockchains. These blockchains use cross-chain protocols such as Cosmos IBC[1], Polkadot XCM[2] and bridges[3] to interact. However, it is difficult for these protocols to guarantee high security, which leads to frequent hacking. Therefore, the cross-chain protocol did not bring the expected effect, and the blockchains remained relatively independent. From Cosmos Network – Internet of Blockchains[4] and Getting Started · Polkadot Wiki[5] Later, a more secure scaling technique called rollup…

    2022-08-08 News
  • Arthur Hayes blog post: My highest bid for Ethereum

    Since the end of last year, markets have been waiting for the Fed to shift its policy focus from curbing inflation to maintaining economic growth. On July 27, the Federal Reserve issued a statement saying that if economic growth falls short of expectations, they will shift their policy focus to supporting economic growth. This article argues for the need to resume monetary expansion by showing the rapidly deteriorating U.S. economy. If you think my thesis is correct, the next step is to think about which assets are likely to perform best when…

    2022-08-07 News
  • It is enough to read this article about the Ethereum merger

    1. What is The merge? “Merge” is the name of the event when the Ethereum blockchain changes from using Proof of Work (PoW) to Proof of Stake (PoS). It’s called a “merge” because it’s a merger of two separate blockchains currently running in parallel, meaning the mainnet is “merging” with a special-purpose blockchain called the “beacon chain.” Beacon Chain launched on December 1, 2020, and has only done one thing so far, being a proof-of-stake (PoS) blockchain. There are no transactions on the beacon chain, no tokens or DeFi applications. It is…

    2022-08-06
  • Comprehensive comparison of Aptos and Solana: Aptos will be a strong opponent of Solana

    main conclusion: We propose a first-principles framework for L1 design tradeoffs: the high-performance trilemma. (pictured above) Solana’s aggressive low-redundancy design explains both its high performance and its low reliability compared to Ethereum. Aptos, a new L1 with a $200 million all-star seed round, is poised to challenge Solana’s monopoly in the high-performance L1 space. Aptos adds more reliability compared to Solana at the cost of higher node hardware requirements. We believe that optimizing for specific applications is the future of L1. Considering the trilemma, there is no chain that can achieve a universal…

    2022-08-06 News
  • V God: Analysis of the advantages and disadvantages of the current 4 different types of ZK-EVM and future prospects

    There have been many high-profile announcements of “ZK-EVM” projects recently, but not every project is “equivalent” the same. This post will attempt to describe a taxonomy of the different “types” of EVM equivalence, as well as the benefits and costs of trying to achieve each type. Author: Vitalik Buterin (V God) From: “V God: The Future of Different Types of ZK-EVM” by Block unicorn (compiler) There have been many high-profile announcements of the “ZK-EVM” project recently. Polygon opened up their ZK-EVM project, ZKSync released their ZKSync 2.0 plans, and relatively new Scroll…

    Ethereum News 2022-08-06
  • Delphi Digital: The Complete Guide to Rollup Part 2 – Ethereum Rollup Stack

    This article is The Complete Guide to Rollups published by the research institute Delphi Digital. The article is divided into three parts, compiled by The Way of DeFi: Part 1 – Modular Economics‌ Part 2 – Ethereum Rollup Stack Part 3 – The Celestia Rollup Stack This article is the second part of the report, compiled by Kyle and Wendy: Part 2 – Ethereum Rollup Stack Recently, Mustafa (Celestia Labs) gave the most concise definition of Rollups in an article, I will quote it here: Rollup is a blockchain that publishes…

    2022-08-06 Ethereum News
  • Delphi Digital: The Complete Guide to Rollup Part 1 – Modular Economics

    Note: On August 5th, crypto researcher Jon Charbonneau released the “Complete Guide to Rollup” on Delphi Digital, starting from the two well-known projects of Ethereum and Celestia, which elaborated the technology and economy of Rollup in detail. In this regard, Buterin praised, saying that this is a “good book” about Rollup. The article is mainly divided into three parts, namely modular economics, Ethereum Rollup stack and Celestia Rollup stack. The following is an introduction to the article and the first part – Modular Economics, compiled by The Way of DeFi. Introduction…

    2022-08-06 News
  • Explanation of Flash Loan Technology-Part 1

    The bear market is like a touchstone. Which of the core formats of DeFi can go through cycles and develop better? What problems have been exposed in the cycle that are worthy of reference for later generations? SharkTeam Contract Security Series Course [DeFi Security] will discuss and deepen with you, the second lesson [Detailed explanation of flash loan technology]. The article is longer and divided into 3 parts, this is part 1: 1. Flash loan principle and application scenarios; 2. Flash loan contract realization and risk prevention. 3. Analysis of flash loan related project agreement….

    2022-08-06 News
  • What is the industry evaluation of the miners forking PowETH?

    After several delays, it appears that Ethereum will finally start the merger process in September 2022. However, with the arrival of the merger, the voices and controversy of PoWETH have also grown louder. In this context, Guo Hongcai (Bao Erye), an early Bitcoin evangelist, established an Ethereum fork discussion group to advocate for the Ethereum fork, and published the “Ethereum Fork Manifesto” through his personal Youtube channel, advocating that after the fork The PoWETH chain should not be issued, pre-mined, or modified, and the original chain should be maintained. Bao Erye said…

    Ethereum News 2022-08-05
  • Ethereum turns to PoS: what will be the impact on project parties, miners and users?

    Q1: How to understand Ethereum Merge in an easy-to-understand way? @pan: Merge is actually upgrading the consensus mechanism of Ethereum from PoW to PoS, replacing the traditional system of miners and mining machines. There are two core changes after the upgrade. The first is that Ethereum has become more “green”. It does not have such a large computing power. It only needs some ordinary node operation services. This is one of the advantages and the most important adjustment. Another adjustment is in the confirmation of blocks, that is, the so-called finality will…

    2022-08-05
  • Ethereum Scalability: The Positioning and Role of Rollups

    This article will dive into the data behind Layer2 Rollup and tell us why Rollup is the fastest solution to scaling the Ethereum network in the short term.At present, there are two main ways to expand the performance of Ethereum: Improve the transaction performance of the blockchain itself. Such as increasing block size and sharding, which is the most efficient way to upgrade the blockchain, but also the most complex, for Ethereum, sharding and other upgrades may not be seen for another year or more . Migrate to Layer2. That is, most…

    2022-08-05 Ethereum News
  • What stories did EIP-1559 bring to the first anniversary of the Ethereum London upgrade?

    In 2021, Ethereum has undergone two more important rounds of hard fork upgrades. The first is the Berlin hard fork at block height 12,244,000. The upgrade includes various optimizations to contracts, including gas efficiency, updates to the way the Ethereum Virtual Machine (EVM) reads code, and other changes to prevent DDOS attacks. . If the Berlin hard fork upgrade is just some minor repairs on the basis of Ethereum at that time, then the London hard fork upgrade completed at block height 12,965,000 (August 5, 2021 Beijing time) is a…

    2022-08-05 Ethereum News
  • The total loss of 5 cross-chain bridge vulnerability attacks has exceeded 1.3 billion US dollars, who will pay for this sky-high price?

    Since the beginning of the year in 2022, only 5 cross-chain bridge attacks have resulted in a loss of $1.317 billion – this figure is 57% of the total asset loss in the Web 3.0 industry due to hacking, fraud, vulnerabilities and other incidents in 2022 . The reason why the loss of the cross-chain bridge attack is so huge is because of its own inherent security loopholes and the lack of professional awareness and relevant theoretical knowledge of defense attacks in the entire field. The top three cross-chain bridge attacks were: Ronin Network, causing a loss of…

    2022-08-05 Ethereum News
  • Bankless: 5 key themes and trends for the next bull market

    Bear markets are the best chance to build wealth. The tourists (speculators) have all left, and now is the low season. This is a time for builders to bury their heads in their work, and a time for investors to bet on the next big trend. The recent bull cycle has seen the rise of DeFi and NFTs, both of which have seen a surge of innovation, interest and capital. So, what about the next round? What will be the key themes and trends in the next bull market? Predicting the future is…

    2022-08-05 DeFi News
  • Arbitrum One will migrate to Nitro on August 31st

    On August 5, according to the official news from Offchain Labs, the date of Arbitrum One’s migration to Nitro has been confirmed on August 31. At present, relevant projects and developers can start preparing and testing contract matters. August 31st marks the one-year anniversary of Arbitrum One, and at the end of July, the Arbitrum Rinkeby testnet has completed its migration to Nitro. The whole process went very smoothly. Nitro is a major technology upgrade for Arbitrum, and the entire stack of Arbitrum Nitro has changed dramatically, improving the experience of…

    News 2022-08-04
  • A rising indicator in the crypto market is the bear market really coming to an end?

    Bitcoin and Ethereum started out of extreme oversold trends and rebounded after the positive news after the MOFC meeting in July. It is now worth watching whether this rally is a rebound in a bear market or the beginning of a new sustained bull market. Bitcoin and digital asset markets reacted strongly to the Fed’s policy of raising interest rates by 75 points this week, with BTC closing up 5.7% and ETH up 7.6% this week. The market also responded positively to the FOMC. Fed Chairman Powell said that the current federal…

    2022-08-04 News