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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.

Polygon

The hot wallet — a wallet where readily accessible funds are held — of cryptocurrency exchange AscendEX was hacked and tens of millions of dollars worth of Ethereum (CRYPTO: ETH), Binance Smart Chain (CRYPTO:

Crypto Exchange Loses $80M In Major Heist Involving Ethereum, Binance Smart Chain And Polygon-Based Assets

Silk Road founder Ross Ulbricht has sold a non-fungible token (NFT) for nearly $5.8 million worth of Ethereum (ETH) to the decentralized autonomous organization (DAO) attempting to free him. Ulbricht, who received two life sentences plus 40 years without the possibility of parole in 2015 for founding black market e-commerce website Silk Road, sold his […] The post Imprisoned Silk Road Founder Ross Ulbricht Sells NFT for $5,799,000 Worth of Ethereum in Charity Auction appeared first on The Daily Hodl.

Imprisoned Silk Road Founder Ross Ulbricht Sells NFT for $5,799,000 Worth of Ethereum in Charity Auction

The Bored Ape Yacht Club (BAYC) is an exclusive community for holders of the ape and mutant themed NFT collections on Ethereum's blockchain. Commonly referred to as the Bored Apes, only 10,000 generative art pieces will ever be in existence.

This Bored Ape NFT Just Sold For $404,348 in ETH

What happened: An anonymous cryptocurrency wallet holding $51,790,862 of Ethereum (CRYPTO: ETH) just transferred their funds onto Binance. The Ethereum wallet address tied to this transfer has been identified

Someone Just Sent 12,800 In Ethereum Onto Binance

Bitcoin

Terra

Also: good news from Washington, not-so-good news from Westminster.

This Week in Coins: Bitcoin and Ethereum Recover, Terra and Polygon Rally

Billionaire investor Mike Novogratz has said he expects the ethereum price to outperform bitcoin as the Fed looks to tackle inflation...

‘Massive Fourth Quarter'—Why Ethereum Could Outperform Bitcoin After Serious Fed Price Warning

The NFT sale will benefit UNICEF's Giga Initiative

UNICEF Launches NFTs on Ethereum to Help Connect Schools to Internet

Discontent swirls around Larva Labs' leading NFT avatar collection as one prominent holder bows out with an eight-figure sale.

CryptoPunk Owner Explains Why IP Dispute Led to $10M Ethereum NFT Sale

In recent times the Ethereum network has received a lot of criticism about the protocol's data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in […]

Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap' Addressing Scalability

Collectively, the crypto market has shed more than $200 billion in market cap over the last seven days.

Bitcoin, Ethereum Post Heavy Losses for the Week as Crypto Market Continues Slump

Solana

The chief investment officer of Bitwise Asset Management is naming the altcoins that are set to explode as investors venture outside of Bitcoin (BTC). In a new interview with Bloomberg Technology's Emily Chang, Matt Hougan says he is bullish on Ethereum (ETH), Solana (SOL) and Polygon (MATIC). “I think we're going to see this sort […] The post Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan appeared first on The Daily Hodl.

Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan

Bored Ape Yacht Club NFT Sold For 96 ETH

CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever.

CryptoPunk NFT Sold For 250 ETH

Over the past 24 hours, Ethereum's (CRYPTO: ETH) price has fallen 3.64% to $4,093.03. This continues its negative trend over the past week where it has experienced a 7% loss, moving from $4,534.13 to its current price.

Cryptocurrency Ethereum Decreases More Than 3% Within 24 hours

Ethereum (ETH) bounced back earlier after its recent slump. The bulls failed to keep the price above the $4,600 high, leading to another decline.

Ethereum Bounces Off $4,000 Support and Could Continue an Uptrend

A widely followed crypto trader is predicting bullish scenarios for Binance Coin (BNB) and Ethereum (ETH) while saying that the utility token of FTX exchange (FTT) is about to bottom. Starting with Binance Coin, the crypto analyst pseudonymously known as Smart Contracter says that the native token of the Binance Smart Chain is a few […] The post Top Crypto Analyst Plots Path Forward for Binance Coin and Ethereum, Says One Altcoin Has Bottomed appeared first on The Daily Hodl.

Top Crypto Analyst Plots Path Forward for Binance Coin and Ethereum, Says One Altcoin Has Bottomed

Cardano

Crypto analyst Justin Bennett is saying the direction of Cardano (ADA) and Ethereum's (ETH) price will likely depend on whether Bitcoin (BTC) exhibits bullish or bearish behavior. In a new issue of the Cryptocademy newsletter, Bennett says that Ethereum's support at the $4,200 level is currently holding well. The second-largest crypto asset could appreciate further […] The post Cardano and Ethereum's Trajectory Depends on Bitcoin Hitting This Target, According to Crypto Analyst Justin Bennett appeared first on The Daily Hodl.

Cardano and Ethereum's Trajectory Depends on Bitcoin Hitting This Target, According to Crypto Analyst Justin Bennett

The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized Autonomous Organization Wins Ross Ulbricht's NFT Auction, DAO Plans to […]

Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction

Dogecoin

Major coins dived into the red Thursday evening as the global cryptocurrency market cap decreased 5.63% to $2.26 trillion. What Happened: Bitcoin (CRYPTO: BTC) dropped 3.6% to $48,741.25 over 24 hours.

Bitcoin, Ethereum, Dogecoin Slide — Analyst Suggests Other Factors Contributing To Crypto Carnage Beside Evergrande Woes

Bitcoin and cryptocurrency prices remain under significant pressure following a sharp sell-off last weekend—sparking fresh "bubble" warnings...

U.S. Could ‘Embrace Crypto In 2022'—Huge Bitcoin And Ethereum Price Prediction Revealed

A popular crypto analyst says one Ethereum (ETH) chart is looking particularly strong right now. In the latest TechnicalRoundUp newsletter, the pseudonymous analyst known as Cred says the Ethereum chart against Bitcoin (ETH/BTC) is “one of the best-looking macro charts in crypto at the moment.” Ethereum is worth 0.088 BTC, or $4,388.33, at time of […] The post This Ethereum Chart Is One of the Best in Crypto Right Now, According to Top Analyst – Here's Why appeared first on The Daily Hodl.

This Ethereum Chart Is One of the Best in Crypto Right Now, According to Top Analyst – Here's Why

Bored Ape #3415 Sold For 200 ETH

The popular forum and news aggregation web portal Reddit has revealed the firm's Community Points beta program where Reddit users can “own a piece” of their community with “custom tokens” for subreddits. Blockchain-Backed Reddit Community Points: ‘The First Step Towards a Different Future for Online Communities' At the end of July, Reddit announced that the […]

Reddit Introduces ETH-Based Community Points Beta Program With Custom Tokens for Subreddits

Equities and cryptocurrency markets had a down day on Thursday, thanks in part to troubles with Evergrande and Kaisa.

News for Ethereum Crypto (ETH)