A transition to the proof of stake(PoS) consensus mechanism through Ethereum 2.0 will prompt a 1% annual deflation rate on the ETH network, according to crypto service provider LuckyHash. Per the report: “When the quantity of pledge exceeds 100 million, the annual issuance rate will stabilize at 1.71%, that is, the average daily output is … Continue reading Ethereum 2.0 Full Upgrade Will Prompt a 1% Annual Deflation Rate
With the sophistication that blockchain systems are showcasing today, one would think it will translate into better security, however, this is not the case, as distributed ledger technologies have suffered many security breaches throughout this year. According to Snowmist, the blockchain industry has been well characterized by cryptocurrency crimes, money laundering, fraud, cases of theft, … Continue reading Blockchain Ecosystem Suffers Over $9.8B Worth Security Lost in 2021
During the release of Ethereum’s quarterly report, market insight provider Bankless noted that ETH network revenue increased by 1,777% from Q4 2020 to Q4 2021. Per the announcement: “Network Revenue rose 1,777% from $231.41 million to $4.34 billion. Of this, $3.78 billion (87%) worth of ETH was “burned” and removed from the circulating supply through … Continue reading Ethereum’s Network Revenue Shot up by 1,777% Last Annual Year
The crypto community has been waiting with bated breath for the rollout of Ethereum 2.0 because it will transition the current proof of work (PoW) consensus mechanism to a proof of stake (PoS) framework. As this is yet to happen, though it is speculated to occur in the second quarter of this year, more investments … Continue reading Ethereum 2.0 Hits a New Milestone with a Deposit of More Than 9 Million Ether
Despite the crypto market limping due to massive liquidations, more participants continue to join the Ethereum (ETH) network. Market insight provider Glassnode confirmed: “The number of Non-Zero Ethereum addresses just reached an ATH of 73,439,200.” Ethereum continues to be one of the sought-after networks based on significant demand from booming sectors like decentralized finance (DeFi) … Continue reading Non-Zero ETH Addresses Hit ATH, Ethereum Overtooks Visa in Trading Volume in 2021
Music lovers, particularly those who met the glory days of The Beatles Rock Band, will understand why the plans to auction some of the memorabilia of John Lennon, one of the prominent faces of the group, as a Non-Fungible Token (NFT) is a game-changer in the world of performance arts. Planned by Julian Lennon, the … Continue reading John Lennon's Music Memorabilia to be Sold as NFTs
With the evolution of the Ethereum roadmap, ETH 2.0 has emerged as an inaccurate representation, and this has necessitated its rebranding so that a broader audience can comprehend its content. The Ethereum Foundation explained: “One major problem with the ETH2 branding is that it creates a broken mental model for new users of Ethereum. They … Continue reading Ethereum Foundation Rebrands ETH 2.0 to Consensus Layer, Breaking Broken Mental Model to Users
The number of validators on the Ethereum network continues gaining steam after hitting the 300,000 mark. Moreover, staked Ether crossed the 9.5 million level to reach 9,599,919 ETH. Ethereum 2.0, recently renamed to the consensus layer, intends to transition the network to a proof of stake (PoS) consensus mechanism from the current proof of work … Continue reading Ethereum Validators Hit 300,000, Non-Zero ETH Addresses Reach ATH
Operating in “Stealth Mode” for some time now, emerging Web3.0 and Decentralized Finance (DeFi) protocol, Aligned has announced it has secured the sum of $34 million from investors as it seeks to advance the reach of the emerging Web3.0 world. Through the funding, Aligned is on track to carve out a niche for its in … Continue reading Emerging Web3.0 Protocol Aligned Secures $34M in Venture Funding
Digital currency payments startup, MoonPay, has come off as the lucky winner of an auction for a World of Women (WoW) Non-Fungible Token (NFT). Reportedly, acting on behalf of a client, the WoW NFT #5672 was snapped up for £567,000 ($754,340) at the auction conducted at Christie’s London Evening Sale announced on Tuesday. The WoW NFT … Continue reading MoonPay Lands $750K World of Women NFT in Christie's Auction