Digital Asset Inflows Skyrocket to $2.9B YTD, Shattering 2021 Records: CoinShares
Short Bitcoin inflows have defied prevailing bullish market trends, persisting for the fifth week in a row.
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
Short Bitcoin inflows have defied prevailing bullish market trends, persisting for the fifth week in a row.
Ethereum's woes appear to have deepened as negative perp funding rates exacerbate market uncertainty.
Around 89% of ETH holding addresses are currently in profit despite the coin trading at $3,500.
Milady founder Charlotte Fang reported a hacker draining his wallet of popular NFTs and assets over the weekend.
Ethereum's price had exceeded $4,000 earlier this week but is down by $500 since then.
Ethereum is experiencing a rise in network activity, transaction fees, transfers, and the number of staked ETH.
The Encrypted Network (TEN) is poised for mainnet launch in October with funding from major crypto VCs and blockchain-supportive banks.
Dencun aims to reduce costs for a growing range of networks that operate on top of Ethereum.
Check out why ETH might be on the verge of tapping a new ATH.
He suggested a simple resolution through a hard fork of the blockchain and the introduction of new transaction types.