As a technology, Ethereum and other smart contract chains have proved to be an exciting and profitable platform for creators and developers to build and share their work. DeFi developers have created billions of dollars in value by building financial products open and accessible to the world, and artists have found amazing success with creating […]
Since August, Solana has been capturing the most NFT volume share at the expense of Ethereum, the bank said, noting that was when the NFT market started a major expansion. Ethereum has also been losing market cap share to Solana in line with the declining NFT volume share.
Ethereum transaction costs, colloquially referred to as “gas fees,” have long been a pain point in the Ethereum community, with many bemoaning that high transaction costs have made Ethereum Layer 1 unusable for the average retail user. A single transaction (such as purchasing an NFT or swapping tokens on decentralized exchange Uniswap) could range from […]
Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan. The three accounts will now not be able to move funds. In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer. Tether has said […]
Ethereum failed to clear the $3,850 resistance and resumed decline against the US Dollar. ETH price is holding the $3,680 support, but there is a risk of more downsides. Ethereum started another decline from the $3,850 resistance zone.The price is trading below $3,750 and the 100 hourly simple moving average.There was a break below a […]
“Similarly to how Ethereum extended the functionality, usefulness, and value of Bitcoin, we believe the Internet Computer has the potential to do the same for Ethereum assets and applications, and could even potentially become the best L2 for Ethereum long term,” explained Harrison Hines, founder of Psychedelic, the Web 3 development studio behind Terabethia.
“At the time, no one expected that his trip to North Korea, just to give a lecture, was going to result in one of the most serious cases the industry has seen. It was a massive tragedy both for him personally and for Web 3 and, to Kyle’s point, we have a responsibility to ensure […]
Ethereum software firm ConsenSys has launched “ConsenSys Rollups” with the help of Mastercard’s engineering team to enable expansion on both the Ethereum mainnet and for private use, ConsenSys said Thursday. “ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that can be connected to any […]
Smart-contract platform Avalanche’s ability to scale while remaining secure and decentralized makes it a credible alternative to Ethereum for DeFi projects, NFTs, gaming and other assets, Bank of America said in a research report. Avalanche’s subnet feature is increasing adoption, the bank said, with more than 380 projects built on the platform. “Subnets enable faster […]
Ethereum’s economics are an interesting contrast to bitcoin’s monetary minimalism. It is important to state, especially in today’s needlessly adversarial environment, that Ethereum is not primarily concerned with economics. Rather, Ethereum is first and foremost a distributed world computer with its own native currency. However, it can be imagined as a kind of home for […]