Tag Archives: ethereum 2.0

In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.  The Theory of Reflexivity In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory...

Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade.  The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation.  Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which will impact all on-chain ETH and ERC-20 token movements – is to ensure...

Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW –  said that the once “almighty” Ethereum Foundation has abandoned “decentralization” as part of its missions as the transition towards proof-of-stake (PoS) neared. Goals In a long...

In der Ethereum-Community fiebert man dem Merge entgegen. In der Folge wird hierdurch die aktuelle Ethereum-Blockchain mit der Beacon-Chain verschmolzen. Das Ergebnis daraus ist, dass Ethereum in Zukunft nicht mehr auf die Leistung von den Minern angewiesen ist. Das bei Anlegern beliebte Staking wird ab diesem Zeitpunkt eingeführt. Durch die Validatoren wird ab diesem Zeitpunkt die Sicherung des Netzwerks übernommen. Jeder Validator wird 32 Ether benötigen. Ausserdem braucht man das...

Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the uninitiated, the Ropsten testnet was created by Ethereum Foundation nearly five years ago and is considered one of the best replicas for the Ethereum blockchain. The Merge The merge, which marks the end of the PoW-style architecture, will essentially combine the two layers in a single PoS-based...

In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value at current prices. According to Etherscan, exactly 12,334,098 ETH is generating income through the contract at the time of writing. By comparison, ETH’s total supply is estimated at about 120,642,170 ETH. The smart contract involves staking ETH on the Beacon chain – the future “spine” of the Ethereum...

Staking on Beacon Chain has been booming due to the much-awaited Ethereum Merge despite delays. A major chunk of new stakers on the consensus layer have done so using Lido Finance. In the latest blog post, the project revealed that 75% of new stakers on the Beacon chain who joined in the last 30 days had utilized the staking protocol. Centralization Concerns With the Ethereum Merge approaching, staking on the Beacon Chain has intensified as expected. According to Lido, the...

As Ethereum approaches its long-awaited transition to proof of stake, developers have launched the mainnet’s first “shadow fork”. Its purpose is to stress-test existing assumptions about testnests and the mainnet. Preparing for the Merge According to Ethereum Foundation Developer Parithosh Jayanthi, the fork adds merge related fields to the configs of existing testnets. “In doing so, we essentially inherit the state/txs of the canonical testnet,” he tweeted on Friday. Through...

Geld verdienen mit Bitcoin #1: Passives Einkommen Mit einem Gründungsjahr von 2012 zählt Bitfinex weltweit zu den ältesten und wichtigsten Kryptowährungsbörsen. Dank der langjährigen Erfahrung, konnte sie ihre starke Marktposition über die Jahre kontinuierlich ausbauen. Nach regelmäßigen Kursanstiegen in der letzten Zeit, ruft sie sich nun durch die Einführung eines eigenen Staking Reward Programms ins Leben. Dabei erhalten Kunden, die aktuell vier...

The American billionaire Mark Cuban is excited about Ethereum’s shift from a proof of work model to proof of stake for two key reasons. He believes the so-called Merge will significantly cut the protocol’s energy consumption, and it could turn Ether into a deflationary asset. ‘I’m Very Bullish’ This summer, Ethereum is expected to change its infrastructure from the energy-intensive mining model PoW to PoS, making the blockchain protocol less harmful to the environment. Many...