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Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

Video game retailer GameStop (GME) has unveiled a digital asset wallet for storing, sending and receiving crypto and non-fungible tokens (NFTs) ahead of the launch of its NFT marketplace later this year.

A beta version of the self-custodial Ethereum wallet is available to download now from GameStop's website.

Meme stock company GameStop has launched a new crypto wallet to accompany its upcoming NFT marketplace.

GameStop Rolls Out MetaMask-like Ethereum Wallet to Support NFT Marketplace

Bitcoin

A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset. The pseudonymous analyst known as Kaleo tells his 509,000 Twitter followers that Bitcoin is currently being greatly affected by sell-pressure in the equities markets. […] The post Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin appeared first on The Daily Hodl.

Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin

The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.” Bitcoin and Ether […]

CFTC Chairman Confirms Bitcoin, Ether Are Commodities

Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it's quite possible there's still a risk of delay, and The Merge could happen in September or October 2022. The Merge Could Happen in […]

ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There's Also ‘Risk of Delay'

An Ethereum (ETH) developer is expecting ETH to merge to its new proof-of-stake system in August of this year. At the Permissionless decentralized finance (DeFi) conference this week, a panel moderator quizzed Ethereum protocol developer Preston Van Loon about the timeline for the highly-anticipated upcoming Ethereum 2.0 Merge. “These are just the last few steps […] The post Massive Ethereum Upgrade Expected To Happen in August, Says ETH Protocol Developer appeared first on The Daily Hodl.

Massive Ethereum Upgrade Expected To Happen in August, Says ETH Protocol Developer

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says […]

Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday's session, with the world's largest cryptocurrency once again falling under $30,000. Bitcoin Following marginal gains above the $30,000 level during yesterday's session, BTC once again fell below this point. Friday saw BTC/USD trading at […]

Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000 to Start the Weekend

While Tether published an update with improving liquidity that should soothe nervous markets, Ethereum is continuing preparations for its Merge — which is now penciled in for August.

Crypto News, May 20: Tether Shows Its Books, Ethereum Shows a Merge Date

The Merge is edging closer and could come in August, according to a core developer.

Ethereum's Merge to Happen in August Says Core Dev

This week's whirlwind price swings in crypto markets continued on Friday, with BTC moving higher, following yesterday's declines. Bitcoin has risen back above $30,000 on Friday, with ETH also climbing above its $2,000 point. Bitcoin Bitcoin was trading higher on Friday, as price uncertainty in crypto markets continued to grip traders, leading mainly to consolidation. […]

Bitcoin, Ethereum Technical Analysis: BTC Back Above $30,000 as Week Long Consolidation Continues

Selling pressure on Ethereum (ETH) has eased as the price fell to a low of $1,763. After the last price drop, Ether resumed its sideways movement. Today, Ether is in an upward correction, reaching the high of $2,030.

Ethereum Is in a Confined Range as Bulls and Bears Reach Equilibrium

Popular Ethereum scaling solution Optimism is now supported on the industry's largest cryptocurrency exchange, Binance.

Binance Adds Support for Layer-2 Ethereum Scaling Solution Optimism

Cosmos

Amid a recovering crypto market, the token underpinning the Cosmos blockchain rose more than 12% over the past 24 hours.

Cosmos Jumps 12% as Bitcoin, Ethereum Recover

If developers can complete the merge to proof of stake in August, they won't have to worry about defusing the "difficulty bomb" that is about to go off.

Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev

Dogecoin

Litecoin

A popular crypto analyst is naming the top five most decentralized cryptocurrencies. In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos. “There are five layers of decentralization in cryptocurrency: the developer layer, the coin […] The post Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau appeared first on The Daily Hodl.

Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau

Blockchain analytics firm Santiment says Ethereum (ETH) is flashing a potentially bullish signal despite experiencing a difficult month in the markets. In a new post, Santiment explains how increased token activity coinciding with a drop in ETH's price is a sign of bullish divergence. Santiment takes into account Ethereum's NVT (Network Value to Transaction), which […] The post Ethereum Showing Bullish Divergence On-Chain As Idle Bitcoin Addresses Start To Wake Up, Says Santiment appeared first on The Daily Hodl.

Ethereum Showing Bullish Divergence On-Chain As Idle Bitcoin Addresses Start To Wake Up, Says Santiment

Ethereum makes another step towards proof-of-stake by merging one of its testnets.

Ethereum Ropsten Testnet to Merge in June

Following several sessions of consolidation, ETH has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000. Bitcoin Bitcoin dropped below the $29,000 level on Thursday, as bears continued to push prices […]

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $2,000 as Crypto Bearish Pressure Intensifies 

Ethereum's Ropsten public testnet will undergo a “Merge” next month ahead of a rollout on the main network, developer activity on GitHub shows.

The testnet merge would allow developers to work on any potential risks or bugs ahead of Ethereum's move to a proof of stake network.

In the run-up to upgrading the mainnet, the Ethereum Foundation has also doubled reward payouts for its bug bounty program.

Ethereum Nears Major Upgrade as Testnet Set to Undergo Merge in June

Avalanche

Solana

A closely tracked crypto strategist is outlining what's in store for leading smart contract platform Ethereum and two ETH challengers, including Solana (SOL). In a new strategy session, pseudonymous analyst Cred says Ethereum might have printed a tradeable range provided that the bottom at $2,000 holds. “This might be our range for some time. Support […] The post Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce appeared first on The Daily Hodl.

Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce

Rollups cut down on blockchain transaction costs by "rolling up" batches of transactions into a single one. Here's how they work.

What Are Ethereum Rollups? A Scaling Solution to Cut Transaction Costs

Ethereum's main public testnet, called Ropsten, is set to undergo "the merge" next month as one of the final preparations. The post Ethereum's main testnet set for proof-of-stake merge in early June appeared first on The Block.

Ethereum's main testnet set for proof-of-stake merge in early June

Cybersecurity provider Cloudflare is launching its own Ethereum validator nodes.

News for Ethereum Crypto (ETH)