Tag Archives: Vitalik Buterin

Median transaction fees on Ethereum just hit their highest point in almost two years, as the network struggles under heavy congestion.Meanwhile, Ethereum creator Vitalik Buterin confirmed on June 30 that the network would have to make do with current off-chain scaling solutions for the next two years. That’s until the planned scaling capabilities of Ethereum 2.0 are finally brought to fruition.Ethereum Median Transaction Fees SpikeIn the 48 hours leading up to June 30, the median transaction...

Vitalik Buterin, the co-founder of Ethereum, has recently stated that interest rates on decentralized finance protocols that are significantly higher compared to those in traditional finance come with unstated risks attached.Vitalik Buterin on High DeFi Interest RatesThe co-founder of Ethereum and one of the most prominent members of the cryptocurrency community, Vitalik Buterin, recently took it to Twitter to comment on high yields and interest rates associated with Decentralized Finance...

Over the past couple of days, three transactions with abnormally high fees were carried out on Ethereum’s network. Two of them, both with the same fee of about $2.6 million per transaction, were initiated from the same sending address, while the third one was from a different address and with a smaller fee compared to the others.According to Vitalik Buterin, Ethereum’s Co-Founder, these million-dollar transaction fees “may” actually be blackmail.What Happened on Ethereum’s Blockchain?Two days...

Vitalik Buterin applauded the successful launch of various Layer 2 solutions on Ethereum, saying that “the initial deployment of Ethereum’s layer two scaling strategy has *basically* succeeded.” In a recent thread, he sheds light on some of the most recent developments and challenges ahead.While everyone wasn’t looking, the initial deployment of ethereum’s layer 2 scaling strategy has *basically* succeeded. What’s left is refinement and deployment. A thread: https://t.co/30Dfr9XmFs—...

Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend.First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22.Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik Buterin on Twitter. Buterin declared that Zilliqa – like Ethereum – has a lot of room to succeed and prosper in the future.Zilliqa’s Delayed 35%...

Despite Ethereum’s price nosediving by over 85% from the all-time high levels reached in January 2018, the interest in the second-seeded cryptocurrency by market cap is gradually increasing.New data indicates that the number of non-zero ETH addresses has skyrocketed by over 350% since the time ETH reached its all-time high levels.Ethereum Addresses On The RisePer information provided by GlassNode, the total amount of Ethereum addresses with a balance of more than zero has jumped to 40...

The rollout of Ethereum 2.0 is set to arrive in installments, with the first milestone expected some time around Q3 of 2020. From that moment on, things promise to get interesting.At one point, we will see two Ethereum blockchains existing at the same time. Initially, the ETH 2.0 token will be practically useless for anything beyond staking, with zero transaction capabilities – exchanges won’t even list it, and it’s unlikely that it will even have a price.On top of that, the current Ethereum...

Twitter saw the return of Vitalik Buterin vs. Justin Sun on May 19. The respective founders of Ethereum and TRON exchanged barbs over the matter of an imminent Steem hard fork, which will seize the funds of some of its users.If Steem Hardfork 0.23 goes ahead on May 20, over 23.6 million STEEM coins will be taken from multiple users: that’s roughly a bounty worth over $5 million.Buterin vs. Sun: Round 1Ethereum founder Vitalik Buterin appeared on a Twitter thread concerning the alarming...

Token developers are beginning to tokenize themselves on the Ethereum blockchain.Ethereum Is Getting A Load of Additional CoinsThe developers add their names to specific coins that they mint or create which individuals can then use to garner services from the developer in question. These tokens can access content they’ve created, be used to garner advice, or utilize their time for projects. The purpose is to garner additional funds for developers’ services, but it’s receiving a lot of...

0x (ZRX) gained 143% against the dollar leading into Friday, May 8. The price surge comes after announcing weekly staking payouts, and potentially getting a fortuitous ‘Ethereum rub’ from Vitalik Buterin.Notably, on May 7, the 0x community voted in favor of a proposal that would cut the regularity of staking payouts from 10 days to 7 days. 0x users who opt to become liquidity providers will now receive payouts weekly.Meanwhile, Ethereum creator Vitalik Buterin mentioned 0x as “one of the...