Yesterday, an unusual transaction grabbed the community’s attention as someone paid 10,668 ETH (over $2.6 million) in fees, while the
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
A recent transaction on Ethereum’s network saw someone pay 10,668 ETH in fees while the actual value of the transaction
Although Ethereum’s price is trading significantly lower than its 2018 highs, nearly 80% of the asset supply is in profit,
A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors
ConsenSys, the blockchain software company headed by Etherem’s co-founder Joseph Lubin, plans to launch a compliance service focused on decentralized
The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, leading into June 8. Aave
Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the
Ethereum’s hash rate has increased by nearly 30% since the start of 2020 to the current levels of 187,369 GH/s
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a
The man, known as Bitcoin Jesus, has urged people to start using cryptocurrencies instead of what he calls “police money,”