Ethereum News

  • 3rd Anniversary of Chainlink Mainnet Launch

    May 30 marks the third anniversary of Chainlink’s launch on the Ethereum mainnet. Since the mainnet launch, Chainlink has grown into an indispensable oracle infrastructure in the Web3 world with the help of developers, researchers, contributors, data providers, node operators, and community members around the world. Chainlink was released on May 30, 2019, when we only had three oracle nodes transmitting an ETH/USD price feed. In the three years since then, Chainlink has continued to grow, developing nearly a thousand independent decentralized oracle networks, covering 12 blockchains and layer 2 networks, and…

    2022-06-03
  • Vitalik takes you to understand Danksharding

    Not long ago, Vitalik, the founder of Ethereum, said at the ETH Shanghai Summit that the merger of Ethereum may begin in August, and the first major event after the merger is EIP-4844, proto-danksharding, and proto-danksharding is only the first of Danksharding. step. On a recent Bankless podcast, merger coordinators Tim Beiko and Vitalik Buterin, and Ethereum researchers Dankrad Feist and Protolambda had an in-depth conversation on the topic of proto-danksharding and Danksharding. The following is the main content of the conversation. What is Danksharding Danksharding and proto-danksharding are iterations…

    Ethereum News 2022-06-02
  • Arthur Hayes column: New forecast for the bottom

    The real inflation problem A prerequisite for a bull market to start is for the Fed and central banks to pause rate hikes and keep their balance sheets the same size. Under the current rate hike cycle, the CPI has pulled back, but the income of the average American worker is also decreasing. Given that this is a midterm election year in the United States, this will become a bigger and bigger issue as November rolls in and what the ruling Democrats will need to do to correct. As voters pay more…

    2022-06-02 Bitcoin News
  • Web3 revenue overview: Ethereum becomes the strongest revenue machine

    TLDR; Conclusion: (1) Total revenue: The Web3 business model has developed a lot, the most powerful of which is still “selling block space”, followed by NFT trading platforms, DeFi , GameFi and infrastructure. (2) Protocol revenue: Most of the revenue still comes from Supply-side Revenue created by roles such as Liquidity Providers and Lenders. The protocol revenue itself is still less profitable, and even less of it goes to Token Holders. Although users enjoy pledge income and governance rights, the core economic interests are still not guaranteed. (3) There are audit loopholes in protocol revenue, which poses risks to…

    2022-06-02 Ethereum News
  • Ethereum Protocol: Risks from Liquidity Staking

    Liquid Staking Derivatives (LSDs), such as Lido or other similar protocols, are a cartel-forming layer that, when they exceed key consensus thresholds, will affect the Ethereum protocol and pooled correlations Capital creates significant risk. Capital allocators should be aware of the risks of their capital and allocate to other alternative protocols. At the same time, the LSD protocol should limit itself to avoid centralization and protocol risks that could eventually destroy their product. Note that while current LSD protocols such as Lido have considerable room for improvement, this paper does not address…

    Ethereum News 2022-06-02
  • Ethereum L2 network Optimism launched on multiple exchanges: lock-up volume jumped to the top three

    Since the Ethereum expansion plan Optimism announced the issuance of the token OP and the announcement of the token economics at the end of April, the market’s attention to OP has continued to be hot. With the launch of OP and the launch of multiple centralized exchanges on May 31, the market heat has risen again. OP is online On May 31st, according to multiple announcements from third parties, the governance token OP launched by Optimism will be listed on multiple centralized exchanges. According to official news, OKX will open the deposit of…

    Ethereum News 2022-06-01
  • Ethereum merge preview: Ropsten testnet merge details are here

    On May 30, the core developer of Ethereum, Tim Beiko, released the Ropsten merger announcement, saying that a new beacon chain has been launched. Below is the full text of the announcement: Ropsten will be the first long-term testnet to run through The Merge  New Ropsten Beacon Chain Launches May 30, 2022, Providing Consensus for the Network  Ropsten Beacon Chain will be upgraded to merge compatible protocol rules (Bellatrix) at slot 24000 on June 2, 2022  Thereafter, select Total Terminal Difficulty (TTD) to activate The Merge on the proof-of-work chain. Node maintainers…

    Ethereum News 2022-05-31
  • In this article, what challenges does the network effect of the Ethereum virtual machine bring to other L1s?

    EVM may be more important than blockchain itself In fact, Ethereum as everyone knows it is just an implementation of the Ethereum blockchain. On the other side of the coin, the Ethereum Virtual Machine can be understood as a blockchain-based open-source software “development platform” that allows developers to create decentralized applications. You can also think of it as an open virtual computer that can store on-chain data and the state of each smart contract. The EVM was the first software to provide smart contract capabilities to developers and has grown into a…

    2022-05-31
  • Ethereum Ropsten testnet merger is imminent: what to pay attention to?

    Ethereum public testnet Ropsten is moving to proof-of-stake, one of the final preparations before the main Ethereum blockchain can switch to proof-of-stake consensus. On May 31st, the core developer of Ethereum, Tim Beiko, released the Ropsten merger announcement, saying that a new beacon chain has been launched today. According to the announcement, the merger is a two-step process: it starts with a network upgrade on the consensus layer, triggered by slot heights on the beacon chain. The second is the transition of the execution layer from proof-of-work to proof-of-stake, triggered by…

    News 2022-05-31
  • The most complete guide for beginners: A simple guide to Ethereum

    foreword If you are a novice in the encryption world and can’t start with many concepts, then you are welcome, you are in the right place. Some of my brightest friends have started to spend more time digging into Ethereum. And along the way, some of them asked me similar questions. Often it’s about defining specific concepts (eg, “what is  gas  ?”) or broad conceptual questions (eg, ”  how does Uniswap  work”). These questions led me to write this “Easy Guide to Ethereum”. How to use this guide? It is divided into five main parts: “Ethereum 101” Basics…

    2022-05-31 Ethereum News
  • What should developers and users of blockchain with high moral hazard pay attention to?

    Blockchain opens up new avenues to moral, reputational, legal, and economic risks, but also brings four risks: lack of third-party protection, invasion of privacy, zero-state issues, and poor governance. If I send you bitcoin, the transaction is simultaneously recorded on the more than 12,000 computers, servers, and other devices that bitcoin runs on. Everyone on the chain can see the transaction, and no one can change or delete it. Or you can send me a non-fungible token (NFT) on the Ethereum blockchain, and the transaction is also recorded on all the computers…

    News 2022-05-31
  • In- depth study of the seven use cases of Ethereum from the perspective of gas fees

    The best measure to understand the current state of the Ethereum economy is the type of activity that consumes gas. While it is not as intuitive as the number of transactions, this approach is more based on the design philosophy of Ethereum itself. It represents the real economic cost to the user and is more difficult to manipulate (especially when the network is relatively free). This article quantifies gas consumption between major tokens, protocols, and transactions, delving into Ethereum’s most prominent use-case scenarios, revealing the complex and evolving nature of the Ethereum…

    2022-05-30 Ethereum News
  • Where will Layer 2 go after the merger of Ethereum?

    At the 2022 Ethereum Developer Summit, co-founder Vitalik Buterin said that Ethereum is expected to merge the beacon chain with the mainnet through The Merge (merge) upgrade in August, causing Ethereum to be switched to proof-of-stake (PoS). consensus algorithm. If developers encounter some difficulties, the release may be delayed until October. The much-anticipated ethereum merger is not only a big “exchange” for the ethereum blockchain, it could also be a watershed moment for the crypto industry, as it will greatly reduce the energy consumption problem of the second-largest blockchain by market capitalization…

    Ethereum News 2022-05-30
  • A Brief History of the Etherverse

    We delve into Ethereum’s most important use cases by quantifying gas consumption across major tokens, protocols, and transaction classes. Our analysis reveals the complex and evolving nature of the Ethereum ecosystem.  It’s been two years since we last looked at the Ethereum ecosystem from a market perspective on gas — a long time in this volatile and fast-moving industry. Brand new use cases have since emerged, and for existing use cases, new protocols have emerged and gained market share. This follow-up post is long overdue and coincides with the release of a new…

    2022-05-30 Ethereum News
  • An article to understand the details of Immutable protocol fees

    Immutable X, the second-layer expansion plan of Ethereum, announced on May 30 that the platform will charge protocol fees from June, and 1% in June will be 2% in the future. The official said that it will only be collected from the behavior that creates value, not minting coins and transfers. This week, we’re activating Immutable X’s “protocol fees” in preparation for the upcoming June release of $IMX staking. The protocol fee is not a gas fee and does not need to be paid directly in $IMX – it is a simple…

    2022-05-30 Ethereum News
  • How does the Ethereum merger affect the graphics card and blockchain industries?

    This article is the minutes of the meeting on the evening of May 27th “Metaverse Insight First Exchange – Impact of Ethereum Merger”. The meeting mainly discussed the impact of the ETH upgrade and merger. host: Song Jiaji , Dean of Guosheng Blockchain Research Institute; Ren Heyi, Sun Shuang , Analysts of Guosheng Blockchain Research Institute Dialogue guests: Yao Xiang , the initiator of primitive language in the technology community introduction: The Metaverse Insight series of activities initiated by Guosheng Blockchain Research Institute will communicate with you about hot topics…

  • Solana outage series continues network facing serious problems again

    Unfortunately for users, Solana is again facing serious network issues as the Solana blockchain has struggled to maintain its normal state since May 17th. Prominent Solana commentator and ETH Newsweek author Evan Van Ness shared data from the past two weeks on Solana’s actual availability. Currently, Solana suffers from a clock drift problem where longer block processing causes chain time delays. Users won’t notice the problem because it doesn’t directly affect network performance. The main disadvantage of having clock drift on the network is the inaccurate reflection of time by decentralized applications…

    News 2022-05-28
  • Ethereum ‘s “heart replacement surgery” article to understand the EVM successor

    Introduction: As more and more applications are deployed on the Ethereum network, we have a stronger need to extend the boundaries of the impossible triangle (scalability, security, and efficiency). Specifically, the factors that restrict the impossible triangle are mainly consensus protocols, transaction signing and execution engine. For Ethereum, the current execution engine or the execution layer of the entire protocol architecture is the Ethereum Virtual Machine (EVM), which is a stack-based execution environment. By running bytecode instructions ) transforms the system from one state to another, driving the entire operation…

    2022-05-27 Ethereum News
  • ETH merger is imminent What opportunities will this upgrade bring?

    The recent ETH Shanghai Summit was successfully held. As the time of “The Merage” is getting closer, the Ethereum merger has once again attracted people’s attention. At the ETH Shanghai Summit, Buterin advocated to downplay the concept of ETH 2.0, but should pay more attention to specific technologies such as PoS. Starting from the upcoming merger, this article comprehensively sorts out the opportunities and challenges of this upgrade of ETH. The main points of this paper are as follows: 1. The specific merger time has not yet been determined. The ETH merger…

    2022-05-27 News
  • Aurora World on NEAR: A full-text interpretation of the EVM-compatible chain Aurora and its product line

    What is Aurora Engine Aurora Engine is a set of smart contracts written in Rust on Near. It is a solution and toolset that supports EVM development on Near. The Aurora Engine core is based on  SputnikVM (a Rust EVM implementation from Parity), which enables seamless deployment of Solidity contracts. Fully support existing EVM development tools such as MetaMask/Remix/Truffle/HardHat/OpenZepplin. Aurora enjoys all the technical advantages of Near. With the gradual launch of Near’s dynamic sharding , Aurora will also become the first EVM that truly supports sharding . This is very worth looking forward to. Aurora + Near is…

    2022-05-27 Ethereum News