Majority of the DeFi tokens in the top-100 traded in green along with rest of the market in the wake of new CPI data release and several tokens registered doubled digit gains.
So most all of us have heard lies about crypto for some time now. This being that it is illegal, that the gov will make it illegal any day now, that it will replace the $, and so on. What is the funniest lie have you heard about crypto? What is the most common lie…
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What is causing Ergo to pump so much right now? The rest of the Crypto market seems to be doing ok in rallying but for some reason Ergo is really pumping. Has anything fundamentally changed with this project? Has Ethereum merger caused this coin to pump and what do you guys think about the future…
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Is there a mobile web3 wallet with hardware support on Ethereum? I know Solana has solflare, but does Ethereum have anything equivalent? Metamask has been "working on it" for a while now it looks like judging by their GitHub thread but it's still not supported. I'd really appreciate the ability to access my locked funds…
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As the launching of the long-awaited Ethereum upgrade, Merge, approaches, there’s a spike in institutional investment. Ethereum products are receiving more attention from big-shot investors. Though there is no stated period for the Merge, most developers anticipate the upgrade by September 19. However, most Ethereum derivatives are getting more investment deals as the final phase details are revealed. James Butterfill, the Head of Research of CoinShares, stated that investors’ sentiment for Ethereum products is changing. Butterfill made this known in the latest edition of Digital Asset Fund Flows Weekly Report. He noted that the sudden intensity and desire from the investors is due to the Merge approach. According to the report, most institutional investors make preferential investments in Ethereum products. Hence they are pushing in more funds as they believe in the great possibility of the Ethereum network. To them, upgrading the global second largest cryptocurrency would create a more positive and profitable impact. Due to the change in sentiment, the report noted that Ethereum had seen more inflows amounting to about $16 million. This resulted in a seven-week pattern of inflows that accumulated up to $159 million. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week So, Butterfill reports that the change in the investors’ sentiment signifies more clarity with the Merge’s timing. This would create the desired transition for the Ethereum network as it moves from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum blockchain has been operating with a PoW consensus mechanism for its transaction validation and security of its network. Unfortunately, this involves using the mining process that consumes more energy or electricity. But the Merge would transform the system of operation for the blockchain. First, it would start using the more energy-efficient staking process that requires the staking of ETH tokens. Plan For Ethereum Merge Has Been A Tough One The plan for the shift has been delayed for several months. But as the date for the launch approaches, Ethereum proponents are having their fun-filled season. The journey has taken several rough routes that include changes in roadmaps, ambiguous terminology, and, lastly, the recent opposition to the Merge. On the part of its founder, Vitalik Buterin, he kept announcing all the possible hard forks to the transition. This action is an excellent advantage for any PoW blockchain that may opt for a change in the future. However, some prominent personalities in the industry don’t mind a hard fork. For example, Justin Sun, the founder of Tron, pledged the listing of both ETHs and ETHw tokens on his Poloniex exchange. Also, BitMEX revealed its support for any ETHPoW fork. Once it finally happens, it will link the Ethereum mainnet and the Ethereum 2.0 Beacon Chain for a complete transition to PoS. Hence, Ethereum 2.0 would receive increased efficiency and security in its execution of transactions.’ Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? Also, there would be a drastic reduction of carbon emission into the environment by over 99% as the network become energy efficient. This was one of the main criticisms against Ethereum as a PoW network. Featured image from Pixabay, Chart from TradingView.com
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. […]
The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda.
On August 5th, 2021, EIP-1559, as part of the London Fork, went live on the Ethereum chain, which created the burning mechanism we know today. It has now officially been over a year, and whether you love or hate to see the ETH burning, in that time we have seen over 2.58 Million ETH destroyed…
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Some contracts haven't been updated in a looooong time. Some websites dont even work with the "new" metamask. What will happen to them after the 2.0 merge? will they still work? will you need to do some tweaking to interact with them? will they be part of the 'legacy' ethereum that will still work? …
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So, i have a Raspberry Pi lying around, and i want to run an eth node on it, i don’t have enough storage to run the full node (only 64gb) but i want to fetch data from the blockchain like, nft metadata, token functions etc, without relying on services like Alchemy or Infura, is it…
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