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Vitalik Buterin Isn’t Sure When ETH 2.0 Will Happen Exactly

Ethereum’s co-founder Vitalik Buterin isn’t sure when ETH 2.0 will happen exactly but says clients can launch it alone. How exactly can they do it, we read in our ETH latest news. One of the most asked questions in the crypto space was when will ETH. 20 happen exactly. After being delayed a few times, the exact date for the launch of ETH 2.0 is still up in the air. The co-founder Vitalik Buterin isn’t sure when it will happen but he says that it is coming with many supporters urging others for patience. Answering “when ETH 2.0” question, Buterin…

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Should Ethereum no longer be classified as an altcoin?

For all its maturity over the last few years, the crypto-market, on many levels, continues to be divided along very primitive and tribal levels. Statements like “Bitcoin is the best” and “Ethereum is the future” all reek of how many see the market not as a collective whole, but as a sum of its parts. […] The post Should Ethereum no longer be classified as an altcoin? appeared first on AMBCrypto.

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A Polkadot letaszíthatja a trónról az Ethereumot

Gavin Wood, az Ethereum egyik társalapítója elindított egy másik platformot, a Polkadot-ot, ami jó eséllyel letaszíthatja az Ethereumot a trónról. Gavin Wood   A szokatlan nevű hálózat, amely hosszabb távon komoly ellenfele lehet az Ethereumnak, sok alkalmazás-fejlesztő figyelmét felkeltette. Valójában a Polkadot nemrégiben azt tapasztalta, hogy az aktív fejlesztők száma náluk nő a leggyorsabban az összes kriptotermék közül. A Polkadot aktív fejlesztőinek a száma 44%-kal növekedett a május előtti 12 hónapban, miközben a fejlesztők Bitcoin és az Ethereum iránti érdeklődése csökkent. Jelenleg 253 projekt van folyamatban a hálózaton, ideértve a stabilcoinokat és a közösségi hálózatokat is. A Polkadot “lehetővé teszi,…

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Almost 1M Ether would have been burnt in past year if fee proposal approved

The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board. The controversial Ethereum Improvement Proposal (EIP) 1559 would have burnt 970,000 Ether (ETH) — with a total value of $360 million — in the last year, if it had been implemented. EIP-1559 seeks to reduce transaction fees by introducing flat fees alongside a burn mechanism, The findings, based on Dune Analytics data and published by the Head of DTC Capital Spencer Noon, have raised questions among some in the wider…

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After the DeFi Storm: ETH Tx Fees Back To August Levels, Still Expensive?

Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days. Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak reached on September 2, 2020. Average Ethereum Transaction Fee. Source: Bitinfocharts After spiking to record levels, the network returned to normal. Still, a further rise in mid-September catapulted usage costs back to a new peak that was only beaten by spikes in ATH. Since that…

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Will aggressive incentives burst the DeFi bubble?

On the question of asset allocation, fund managers are spending more time looking for avenues to park funds, rather than assets for investing in. DeFi has proven to be a rather attractive avenue for parking funds. Investors look for capital efficiency as that is the driving force behind management fee cuts in traditional finance and […] The post Will aggressive incentives burst the DeFi bubble? appeared first on AMBCrypto.

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Ethereum: ‘Base-layer scalability is years away,’ says Buterin

September was the first month in Ethereum’s history when transaction fees surpassed the subsidy. In fact, miners made more from fees than from block rewards. Further, the transaction fee as a percentage of total revenue has risen exponentially too. This is an interesting development, but the question is whether this is an anomaly. According to […] The post Ethereum: ‘Base-layer scalability is years away,’ says Buterin appeared first on AMBCrypto.

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Vitalik Buterin szerint Ethereummal kéne fizetnünk

Egy Twitter üzenetben Vitalik Buterin, az Ethereum hálózat kitalálója elmondta, szerinte át kéne térni az ETH alapú fizetési megoldásokra.  Az eredeti történet onnan indult, hogy Spencer Noon, a DTC Capital vezetők befektetési igazgatója kifejtette véleményét, hogy mennyire megdöbbent azon, hogy a Square mobilfizetésre szakosodott platform csak a bitcoint támogatja, az Ethereumot nem. “Senki nem tud engem arról meggyőzni, hogy nem hülyeség az, hogy a Square nem támogatja az Ethereumot.” – jelentette ki az elemző. Tegyük, hozzá, hogy Jack Dorsey, a Twitter és a Square alapítója igazi bitcoin maximalista, ezért annyira nem megdöbbentő a stratégia. A megjegyzésre reagált Vitalik Buterin is…

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Binance’s CZ says Buterin ‘proved me wrong’ and DeFi full of bubbles

CZ is bullish on DeFi but remains skeptical about Ethereum 2.0's features. Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated close ties with BurgerSwap, a new decentralized exchange that aims to improve upon Uniswap.  While it's clear that Binance has taken a tremendous amount of interest in DeFi, it's notable to point out…

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Party at Vitalik’s House? For DeFi, it’s Do-or-Die

Ethereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. As DeFi takes off, the price of gas on Ethereum threatens its future. Or does it? Is the Party at Vitalik’s House? Gas on Ethereum can be seen as “block space rent” and many are saying the rent is too damn high. That depends on who you ask, though. Even a $10 fee is a small fraction of many DeFi trades, as speculators…

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US Treasury blacklisted a non-existent ETH address in connection with alleged Russian election interference

Either the treasury made a typo, or Russian hackers are so good, their wallets don't even have to exist. Earlier today, the U.S. Department of the Treasury updated its Specially Designated Nationals List, adding several individuals and a number of cryptocurrency addresses. One of the individuals added was Artem Mikhaylovich Lifshits — a Russian national, accused of interfering in the U.S. elections.  In addition to disclosing his personal information, the site lists a number of cryptocurrency addresses that he allegedly controls. One of the Ethereum addresses, found at 0xa7e5d5a720f06526557c513402f2e6b5fa20b00, does not seem to exist, however. Source: U.S. Department of the Treasury. There was likely…

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How to Leverage Uniswap – Ethereum’s Noncustodial Defi Trading Platform

In 2020 decentralized exchanges (dex) have grown quite mature compared to just a few years ago. One specific dex gathering a lot of steam this year in the defi world is Uniswap, a trading platform that held $1.3 billion locked in value and dominated most defi applications by over 18% Friday evening. The following review is a detailed explainer of what Uniswap is and how to leverage the dex using an Ethereum wallet like Metamask. **Price quotes, TVL, and defi dominance percentages from this Uniswap review were recorded on Friday evening, September 4, 2020. Ethereum Dex Uniswap Shatters Records Decentralized…

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Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts

Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads to more transactions and slower confirmations making higher fees inevitable. Such high fees are now threatening the viability of some smart contracts and decentralized finance (defi) applications. According to a newsletter produced by Boxmining, the defi boom, like the ICO bubble of 2017, has helped to spark competition between different protocols. The newsletter…

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Vitalik Buterin Floats EIP 2929 to Tackle Rising Ethereum Gas Fess

Vitalik Buterin the co-founder of the Ethereum smart contracts blockchain has introduced the Ethereum Improvement Proposal (EIP) 2929 as a possible solution to the rising gas fees of the network. Buterin Focuses on Gas Fees Reduction  As the world of decentralized finance (DeFi) continues to expand, transaction fees (gas fees) on Ethereum, the engine room Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Here’s Why A 51% Attack On Ethereum 2.0 Wouldn’t Be ‘Fatal’, According To Vitalik Buterin

The topic comes hot on the heels of Yearn Finance’s yETH vault success. Since its launch a couple of days ago, the product has already attracted over 335,000 ether. The CIO at Arcane Assets, Eric Wall, alluded that yETH strategists would likely take advantage of the fact that they controlled a huge amount of ETH enough to execute an attack on ethereum 2.0.  In response, the co-founder of Ethereum, Vitalik Buterin, explained in a series of tweets that a perpetrator who initiates a 51% attack on ETH 2.0 proof of stake (PoS) would only be able to attack the network…

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Vitalik Buterin reveals why a 51% attack on ETH 2.0 ‘would not be fatal’

A 51% attack on Ethereum would not be fatal according to Vitalik Buterin, amid concerns the yETH vault could amass enough Ether to launch an attack Ethereum co-founder Vitalik Buterin has dismissed concerns that a 51% attack on Ethereum 2.0 would be ‘fatal’.  The scenario emerged as a result of the burgeoning popularity of Yearn.finance’s yETH vault which has already amassed more than 137,000 ETH on its first day. Arcane Assets’ Chief Intelligence Officer Eric Wall suggested this mean the yETH vault admins will probably end up controlling enough Ether to theoretically launch an attack on Ethereum 2.0: ITT: We…

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Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August

Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction fees ever. The previous all-time high of $64 million was reported in January 2018, said the crypto analytics firm. Fees have risen so high that on September 1, ETH miners made a record profit of over $500,000 in just one hour. At the time of writing, it cost about…

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