Compound (COMP) could be nearing a local price top, soon after the Ethereum-based decentralized finance (DeFi) token recorded a 258%
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.
Recent Ethereum News
The popular cryptocurrency investment company oriented toward institutions, Grayscale, has reportedly added another 19,879 BTC to their Bitcoin Trust in
Over $180 million worth of Ethereum has been moved from a previously dormant wallet belonging to the perpetrators of the
An average of $15 million worth of ETH has been locked into Ethereum’s DeFi protocols each day for the past
Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few
Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in
Vitalik Buterin, the co-founder of Ethereum, has recently stated that interest rates on decentralized finance protocols that are significantly higher
The French video game company Ubisoft just launched an Ethereum-based collectible game called Rabbid Tokens. All profits of the new
A popular blockchain security company finally revealed who was the sender of last week’s Ethereum transactions with abnormally high fees.
Ethereum’s popularity continues to grow among investors as the number of EOA addresses holding at least 0.1 ETH recently recorded