The Shapella upgrade last month enabled validators to unstake millions of ETH from the Ethereum 2.0 contract, allowing the funds to potentially be sold on the open market. Despite this, the second-largest cryptocurrency actually increased in value after the upgrade. How come? At Consensus 2023, CryptoPotato sat down with representatives from Nansen, a blockchain analytics company, to discuss how things have looked on-chain since the final phase of the Merge. Shanghai Defies...
Read More »What is PEPE? Is This the Next Huge Memecoin?
AltThe PEPE memecoin seems to be an extension of cyclical market behavior in the cryptocurrency industry where every now and then, there’s a brand new memecoin, and the hype surrounding it takes over completely. In less than a couple of months, since it saw the light of day, the PEPE memecoin managed to enter the top 100 projects, getting a market capitalization upwards of a whopping $400 million. In this guide, we will take a closer look at what the PEPE memecoin is, who...
Read More »What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know
Ethereum’s Shanghai upgrade, also commonly referred to as Shapella (we’ll explain why below), is scheduled for April 12th. It’s the next major upgrade following Ethereum’s transition to Proof-of-Stake (a.k.a The Merge), and it will introduce a major mechanic change. The upgrade consists of a few Ethereum Improvement Proposals (EIPs), although most of the focus is on one particular. The EIPs in question are: EIP-3651: Warm COINBASE EIP-3855: PUSH0 instruction EIP-3860: Limit...
Read More »15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO
A lot can happen in a year and a half. The cryptocurrency market has been through a literal rollercoaster in terms of price, regulations, and overall development. Exchanges imploded, multi-billion dollar ecosystems collapsed, regulators are stepping in now more than ever, banks are shutting down, and whatnot. And it almost seems as if time is flying. In 2021, CryptoPotato attended Solana’s Breakpoint in Lisbon and had the chance to talk to Brandon Millman – the CEO of the...
Read More »What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions
The cryptocurrency industry, in general, became a lot more popular in the past couple of years. This saw the development and launch of hundreds, if not thousands, of decentralized applications (dApps) in various fields, such as DeFi, gaming, learning, trading, investing, and whatnot. There are many reasons for this, including but not limited to the massive bull run in 2021, the rise of non-fungible tokens, the popularity of memecoins, and more. This saw hundreds of thousands...
Read More »Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron
Scaling Ethereum has undoubtedly been one of the hottest topics in the past months. The network’s transition to a proof-of-stake consensus algorithm in September 2022 was a huge milestone in this regard, as it opened the door for many different scaling solutions to be implemented. While Ethereum developers are working on ways to scale the network natively, the power of layer-two solutions is only beginning to manifest. Concepts such as zero-knowledge proofs are now becoming a...
Read More »2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)
The last year saw the fall of the Terra-Luna ecosystem, BlockFi, Celsius, Voyager Digital, 3AC, and Alameda-FTX. But it’s not the end of cryptocurrency. Like the Internet after the Dot Com bust, crypto is still just getting started. Sure, it’s true that several crypto firms went down in 2022. But it seems worse in the headlines than it is in reality. Cryptocurrency’s critics in news journalism and the traditional finance industry are treating the failure stories as...
Read More »How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee
Ethereum Liquid Staking tokens are going through the roof. Lido is up 150% in a month, similarly Frax Shares, while other protocols, such as Rocket Pool, are also catching up. But that’s not all. NFTs are also seeing massive volumes for multiple consecutive weeks, showing little signs of slowing down. The question now is for how long this positive trend will sustain – is it a dead cat bounce or the beginning of a much-awaited recovery? To help us crunch the numbers and...
Read More »Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing
Pi Network is a controversial cryptocurrency project that has been making rounds across the crypto industry over the past few weeks after the token was listed on some crypto exchanges, including the popular trading platform Huobi. Since its inception four years ago, the project has attracted millions worldwide as users can mine and earn its native token, dubbed Pi, by completing simple tasks. Some experts have raised concerns about the legitimacy of the Pi Network, claiming...
Read More »What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?
Ethereum is the largest smart contract platform in the industry, and it underwent a major shift by transitioning to a new consensus algorithm in 2022. What is commonly referred to as The Merge saw the network abandon Proof of Work and transition to Proof of Stake in pursuit of fulfilling its broader roadmap towards scalability, decentralization, and security. Quick Navigation With the introduction of Proof of Stake on the Beacon chain a while back, users were able to deposit...
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