Ethereum Watch

The Ethereum [ETH] foundation released an announcement dated 24 August. They confirmed that the eventual transition of the Ethereum Network into a proof-of-stake (PoS) consensus mechanism would be a two-phased event that will take place between 6 September and 20 September.  Advertisements The first phase, called the Bellatrix upgrade, is scheduled for epoch 144896 on […]

The road to the Ethereum groundbreaking upgrade has been fraught with diverse issues. Since the idea generation stage, the developers have put a lot of effort into the project. The journey is getting shorter since the team has reached the Bellatrix upgrade.  Advertisements Earlier, the Ethereum Foundation had already prepared the community for the upgrade. […]

Advertisements Hive’s Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said. Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm […]

Key Takeaways Over recent months, DeFi has been captured by a new narrative centered around protocols that generate “real yield.” Instead of incentivizing stakeholders with dilutionary token emissions, real yield protocols pay token holders with revenues generated from fees. As older tactics of sourcing liquidity have caused many DeFi tokens to underperform, projects are now […]

Advertisements Summary: Decentralized finance protocol Aave paused loans for Ether (ETH). Aave’s community voted in favor of the decision in light of Ethereum’s upcoming Proof-of-Stake upgrade. The protocol has recorded higher loan utilization rates leading up to the Merge. Aave’s decision came shortly before Bellatrix, the first of two stages before Ethereum’s final PoS transition, […]

Advertisements The Bellatrix upgrade, one of the final stages in Ethereum Proof-of-Stake transition, has gone live. The Merge will take place with the Paris upgrade, expected around September 15. Some exchanges and platforms are suspending Ether deposits during this time. The Bellatrix upgrade for Ethereum, one of the final upgrades before The Merge takes place, […]

Advertisements Almost 50% of the 91,130 votes answered that the fair price for 100 years of owning a five-letter .eth domain is under $100. As Ethereum Name Service (ENS) domains became more popular, the conversation has steered toward .eth domain pricing and what is considered to be a “fair” price to guarantee ownership for 100 […]

Advertisements FTX exchange announced its plan to halt its withdrawals during the upcoming Ethereum merge  The exchange also announced that it will also credit the forked tokens back into the user’s account Leading crypto exchanges and platforms are all gearing up to embrace the upcoming Ethereum merge. Among other platforms, FTX has also issued a […]

Advertisements The need to update Ethereum clients comes as the Bellatrix upgrade is set to enable the Beacon Chain to execute transactions. As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes.  The Bellatrix upgrade is […]

According to data from DefiLlama, the total value locked (TVL) for all decentralized finance (DeFi) protocols housed within different chains stood at $59.18 billion. Impacted by the general decline in the cryptocurrency market, the TVL within the DeFi ecosystem has declined by 65%.   Advertisements Built on the Ethereum network, MakerDAO, with a TVL of $7.94 […]