Ethereum News

  • ConsenSys : A Brief History of the Ethereum Testnet

    Testnets are alternative networks that simulate the mainnet of the blockchain and are created to test and experiment with the functionality of the mainnet blockchain in order to reduce errors in actual operation, such as loss of real funds. These blockchain testnets can be likened to the “simulation environment” in traditional web development, where developers can debug protocol upgrades and smart contracts before deploying to the mainnet. Depending on how similar these networks are to the mainnet, some testnets use the same underlying technology and consensus mechanism as the mainnet, while…

    News 2022-05-26
  • Full text of Vitalik’s Shanghai summit speech: Ethereum merger may begin in August

    At the ETH Shanghai Web 3.0 Developer Summit (ETH Shanghai) hosted by Mask Network, co-organized by China Biodiversity Conservation and Green Development Foundation and Business China, and sponsored by the Ethereum Foundation, Ethereum co-founder Vitalik Buterin Delivered a keynote speech entitled “ETH & Shanghai: Inside and Outside Shanghai”. The full text of the speech is below, click to watch the video of the speech. Today, I want to talk about the latest Ethereum protocol changes at the Ethereum Shanghai Summit. I know that many people want to hear about Ethereum incorporating PoS (Proof…

    2022-05-26 Ethereum News
  • Big conversion: Ethereum merger starts from the decline of graphics card prices

    Since March, the price of graphics cards has fallen by more than 37% from the end of last year. We believe that the main reason for the price reduction of graphics cards may be the lower demand for Ethereum mining, which is directly related to the upcoming Ethereum “merger” during the year. We estimate that the current number of online graphics cards is about 26.76 million, and the global shipment of discrete graphics cards is 50 million per year. The merger of Ethereum will have an impact on the industry…

    2022-05-26 Ethereum News
  • Ethereum client OpenEthereum support ends as Ethereum merger fast approaches

    One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum merger. OpenEthereum creates “clients” or software for interacting with the Ethereum network, allowing anyone to create an Ethereum node to mine cryptocurrency, currently using a proof-of-work (PoW) consensus mechanism. The OpenEthereum team explained on Twitter that it was time to end support as the merger neared and the legacy codebase became “increasingly unmanageable” due to its age. The project, formerly owned by blockchain infrastructure company Parity Technologies, transferred ownership…

    Ethereum News 2022-05-25
  • Will the pledged ETH be sold after the Ethereum Merge ends?

    This article is based on DeFi Degen Korpi’s views on personal social media platforms: Some people believe that ETH will crash after the Merge is completed, on the grounds that the 12 million ETH will be unlocked and sold after the Merge is completed. But I think this view is wrong for three reasons: 1. The staked ETH will not be unlocked during the merge process 2. The unlocked ETH will be released slowly 3. The ETH used for pledge is regarded as real property 1. The staked ETH will not…

    2022-05-24
  • GameStop’s foray into encryption will traditional gamers buy it?

    GameStop (GameStop) finally got involved in the field of encryption, and the US retailer, which is known worldwide for selling game software and hardware equipment, began to test the waters of NFT. On May 23rd, GameStop launched an encrypted wallet for storing and transferring encrypted assets and NFTs, and on the download page, the Slogan “Explore Web3, Buy, Hold and Exchange Digital Assets” was displayed. As early as March of this year, GameStop said it would enter the NFT market by the end of July in the second fiscal quarter….

  • Foresight Ventures: Deciphering zk zkVM zkEVM and its future

    TL; DR Zero-knowledge proof technology can guarantee the integrity, correctness and privacy of computation, and has applications in blockchain expansion and privacy. zk-SNARKs and zk-STARKs have their own advantages, and their rational combination has more potential. zkVM can give applications zero-knowledge proof capability, zkVM is divided into mainstream, EVM or new instruction set. The adaptation of EVM includes EVM compatibility, equivalence and adaptation on Specification. zkEVM is an EVM-compatible and zero-knowledge proof-friendly environment, mainly divided into native and compiled genres. Native-based zkEVM is the future of Ethereum and blockchain. A general-purpose…

    2022-05-24 News
  • Thinking behind Ethereum and Solana NFTs: Why do collectors choose more expensive chains?

    Under the downward trend of the entire Crypto market, market participants are actively looking for other revenue channels, and funds are more inclined to flow to projects with stronger “narratives”. Original title: “ETH or Solana’s NFT: The Chicken and the Egg Question” The NFT market has returned to calm after the continuous fluctuations in the past half month. The NFT projects on the ETH chain ushered in the winter of the whole week. In contrast, Opensea, the largest NFT trading platform, supports NFTs on the Solana chain. More unique projects…

    2022-05-22 News
  • 3 most popular voxel sandbox games on Ethereum

    A voxel-based modeling game, that is, a sandbox game in the blockchain, players mainly build their own world by purchasing land and basic buildings. There are similarities with the traditional game Monopoly and Lego Jam. Because of the popularity of The Sandbox, blockchain sandbox games have gradually become known. The Sandbox is one of the most popular sandbox games at present, with a market value of up to 6.83 billion on November 28, 2021. Compared with other types of GameFi games, such as Thetan Arena, Crazy Defense Heroe, Splinterlands, etc.,…

    2022-05-21 Ethereum News
  • Vitalik’s speech revealed 2 important arrangements for Ethereum

    On May 20, at the ETHshanghai conference held online, Vitalik Buterin, the founder of Ethereum, made a live broadcast. During the live broadcast, he expressed two opinions and two important arrangements related to Ethereum. View 1. Vitalik said that the Ethereum ecosystem is now too focused on financial applications such as DeFi. The risks of financial applications are too high, and there is little room for improvement. More applications in other fields need to be developed. The author adds: More than 95% of the Ethereum ecological projects are financial applications,…

    News 2022-05-20
  • There are different opinions on “Ethereum Merger”

    On May 20, Vitalik Buterin, the founder of Ethereum, said at the ETH Shanghai conference that Ethereum 2.0 is currently undergoing the final network test. If all problems are solved, the merger may take place as early as August. If other situations arise, there are also It could happen in September or October. Nothing Research partner @0xTodd said, first of all, what we can see is that Buterin deliberately downplays the concept of “ETH 2.0” and puts more emphasis on specific technologies such as PoS and danksharding. Not only Buterin, can…

    Ethereum News 2022-05-20
  • Bankless: The Best Gains in a Crypto Bear Market

    Is the glory days of DeFi yield farming over? As token prices drop, liquidity mining incentives dry up, on-chain activity slows, and DeFi yields continue to decline. Gone are the days when stablecoin deposits placed into DeFi money markets could generate double-digit returns, as it is now difficult to find returns above 4% in these same protocols. The drying up of yields has also been accompanied by an outflow of funds from DeFi as a whole, with the collapse of UST, the TVL (total value locked) of all blockchains fell from…

    News 2022-05-20
  • Understanding Optimism Bedrock

    On May 20, Optimism released the architecture of Bedrock. The article claims that this architecture is the cheapest, fastest and most advanced aggregation architecture, and the author organizes its main contents as follows. In November 2021, Optimism launched the first EVM-compatible chain as a massive upgrade to the Optimism network. EVM compatibility means the Optimism network supports: Advanced calldata compression, making Optimism always the cheapest L2; Every ethereum is precompiled, so you can experiment with everything you want on L2; Full Ethereum gas and opcode compatibility for the most complex opcodes;…

    News 2022-05-20
  • Ethereum merge: will create a friendlier ecosystem

    The era of Ethereum moving from proof-of-work to proof-of-stake is coming. While proof-of-work is completely reliable and secure, ensuring consensus among thousands of nodes comes at a cost. Proof of work requires a lot of computing power to solve complex problems, and therefore a lot of energy. Proof-of-stake does not require energy-intensive equipment, but can still improve efficiency, increase decentralization, and resist censorship. Proof of stake will become the new standard across the web. In this article, we’ll explain Merge and explain the ways you can get involved. The steps…

    2022-05-20 Ethereum News
  • Real Vision founder: The turbulent situation and the encrypted economy will quickly overtake the Internet

    Raoul Pal believes that central bank balance sheets are coming back into play and cryptocurrencies will perform well, and the crypto winter that many have been waiting for may not come. Hi, I’m Raoul Pal, CEO and Co-Founder of Real Vision. Today, I will be speaking with you as CEO and Founder of Global Macro Investor. We are now in an extraordinarily complex world, facing the most severe supply shock since World War II, coupled with the global spread of the epidemic, and we can’t help but wonder if there will be…

    2022-05-19 News
  • Explain the difference between Ethereum sidechains and L2

    Ethereum is now severely limited by the number of transactions due to millions of users joining every day and the constant rollout of new applications. Ethereum’s ability to process transactions, its transaction throughput, is limited to 15 transactions per second, causing it to become increasingly expensive and overcrowded, making it unusable for many. The Ethereum network is the main chain, and all transactions that take place directly on it are “on-chain”, while any other transactions are considered “off-chain”. Some off-chain solutions like sidechains and L2 can help Ethereum scale, increase transaction speed,…

    2022-05-19 News
  • Understanding Orbiter Finance in one article

    Orbiter Finance is a decentralized cross-“aggregation” bridge for transferring Ethereum-native assets, Layer 2 infrastructure, low cost and instant. Alpha is now online and supports cross-“aggregation” transactions between Mainnet, zkSync, Arbitrum, Optimism, Polygon, StarkNet(Goerli), and Immutable X(Ropsten). Features Based on the security of Rollup technology, Orbiter has no risk of crossing L1 bridges. The sender does not need to interact with the contract address. Ethereum-native assets do not require minting and can fully support liquidity in a decentralized manner. principle Orbiter Finance is designed as a decentralized cross-aggregation bridge for transferring…

    News 2022-05-19
  • Early Bitcoin advocates: Why would I leave Bitcoin and embrace Ethereum?

    Bitcoin is the only cryptocurrency that can refuse to innovate and still win; but right now, Ethereum may be a better choice. I first got into cryptocurrency in 2013 by buying bitcoin. Last week I finally sold my last BTC and bought ETH. I’ve been asked “why are you leaving Bitcoin?” and this article will answer that question.  First of all, I don’t hate Bitcoin. It’s a quality asset and worth holding, but here are a few reasons why I’ve chosen not to hold it any longer:  Bitcoin is not a productive asset…

    News 2022-05-18
  • Basic strategy and interaction goals for ambush Arbitrum airdrops

    Layer 2 will see an influx of projects and users in the coming months. Optimism announced the details of the airdrop a few weeks ago. zkSync confirmed their token on the official website. We have already seen two of the big four Layer 2 (Arbitrium, Optimism, StarkNet and zkSync) launch tokens. The turntable will then turn to Arbitrium and StarkNet. Although the news has not been confirmed, it is very likely that both protocols will use their own native tokens in the future. Now that airdrops have become a standard part of token issuance, if…

    2022-05-18 News
  • a16z perspective: comprehensive analysis of the status quo of the nine major sectors of the encryption industry with 42 pictures

    With the rapid development of the crypto market, many investors have entered the market one after another. A16z, the world’s most high-profile venture capital institution, can be said to be one of the first large-scale investors to enter the market. In the traditional investment field, a16z has invested in many well-known companies, such as Facebook, Groupon, Skype, Twitter, Zynga, and many of the invested companies have become giants. In the field of encryption, a16z also has a unique vision. It has invested in many leading projects in the early stages…

    2022-05-18 DeFi News