Tag Archives: ethereum 2.0

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...

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...

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...

Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx. ssv.network noted that the fund is the first to be dedicated solely to DVT...

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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...

Ethereum, the second largest cryptocurrency, is the home of smart contracts and decentralized applications (dApps), holding a major share of the total value locked in the sector. Ethereum’s dominance in the dApp market was up to 90% before other rival platforms were created. Nonetheless, Ethereum is still the undisputed king of dApps. Despite its high fees, the platform is still the first choice for different applications, ranging from finance, exchanges, and storage to...

Ethereum’s transition to Proof-of-Stake has undoubtedly been the most significant technical accomplishment in the blockchain industry in 2022 and perhaps even beyond. To facilitate the process, those who wished to secure the Beacon chain had to deposit a minimum of 32 ETH to become validators. The economic incentive to do so was (and still is) represented by the yield that users receive on the staked amount. However, there’s a catch – users are unable to withdraw their stake...

The Merge was this year’s biggest event. It marked the long-awaited transition of Ethereum from a Proof-of-Work governance consensus to a Proof-of-Stake one. Besides other benefits, one of the most notable differences was the supply change. Since miners no longer mine ETH, the issuance has dropped by over 99%. At the time of this writing, the supply change of ETH since the Merge has surpassed 9,000 and sits at 9,700. This is to say that only 9,700 ETH has been added to the...

Days before the estimated date of Ethereum’s transition to Proof-of-Stake (PoS), the protocol went through the last shadow fork. Ethereum research and engineering company, Nethermind, took it to Twitter to reveal that the network went through the last shadow fork before The Merge. Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was successful for all Nethermind nodes! Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was...