Ethereum

Okay Bears, a Solana-backed NFT collection, raised $18M within one day of launching. The novel NFT project was so popular it outperformed every Ethereum-based collection in terms of trading volume. Two weeks ago, Rarible Protocol launched a custom marketplace for Solana NFT projects, finally drawing attention to Solana projects. Okay Bears is the latest proof of the incredible growth the NFT marketplace has seen in the past weeks. [caption id="attachment_320506" align="aligncenter" width="550"] Okay Bear #116  |   Solanart.io[/caption] The new bear…

Ethereum rollup Optimism could launch a new token in the coming weeks. The L2 network wi also introduced interesting reforms to its governance structure.  Optimism is a low-cost, high-speed Ethereum Layer 2 (L2) scaling solution created in 2019. Considering Ethereum’s longstanding problem of scalability, Optimism like other L2 chains hopes to alleviate these problems. The network has risen in popularity and use in the past 2 years. Its new governance token, OP,  will underly the layer-2 protocol and promote Optimism’s adoption in…

In decentralization, security, and scalability, the Blockchain Trilemma refers to the generally held notion that decentralized networks can only deliver two benefits at any given moment. This article looks more closely into the matter, assessing all the most relevant aspects of the blockchain scalability trilemma. The Trilemma Vitalik Buterin invented the term "blockchain trilemma," which refers to a problem that blockchain engineers face while balancing three competing demands: decentralization, security, and scalability. According to a common conception, decentralization, security, and…

Twitter’s co-founder and former CEO, Jack Dorsey, called out Ethereum for being insufficiently decentralized on Monday. Under one of Vitalik Buterin’s Twitter posts, he alleged the protocol has “one, if not many, single points of failure.” Decentralization and Social Media Vitalik’s initial tweet did not relate to Ethereum at all. Rather, the network’s founder offered his thoughts on Elon Musk’s recent $43 billion offer to completely take over Twitter. While he doesn’t oppose Elon running the show, he stood against…

The recently launched Ethereum Push Notification Service has raised more than $10 million in Series A funding, taking the company’s valuation to $131 million. The blockchain’s novel service could bring a new dawn to web3 messaging, as investor interest piques. What is the EPNS? Ethereum Push Notification Service is a blockchain-based messaging service built to delve right into web3’s potential. Launched in January, the decentralized protocol for notifications works across most devices, from browsers to Android and iOS. According to…

Tim Beiko – a leading Ethereum development coordinator – has stated the network will not implement proof of stake by June. This contradicts Vitalik Buterin’s development timeline from January, where he claimed that it should be in place by Q2 2022. Another Delay for the Merge Delays to Ethereum 2.0 are hardly unprecedented. Developers expected the upgrade to be in place within 2 years of the project's launch in 2015. Vitalik now admits to having been dead wrong about that…

The Ethereum team has successfully developed a test for "The Merge" on a private mainnet, marking a significant step toward realizing Ethereum 2.0. Merge Testing on Shadow Fork Yesterday, Ethereum engineers launched a critical Merge test in preparation for the Ethereum network's upgrade to Ethereum 2.0.  Ethereum 2.0 represents the network’s consensus switch from the current Proof of Work mechanism to Proof of Stake.  According to core Ethereum developer Tim Beiko, Ethereum’s Merge Test was successfully deployed on a private…

In the crypto community, NFTs are generating enormous hype. As a result, more and more artists have begun to produce and collect their NFTs. They aim to join the bandwagon and ride the NFT wave. Today we will talk more about the technology that made the rise of NFT possible. Then, after a quick general introduction to smart contracts, we will look into the matter more closely. Understanding the Logic Behind a Smart Contract Smart Contracts are pre-programmed and automated…

Vitalik Buterin, the co-founder of Ethereum, spoke out against the Russian invasion of Ukraine. The Russian-Canadian crypto guru said he is "very upset" with Russia's President, Vladimir Putin, and his "special military operation." In a recent tweet, Buterin said: This is a crime against the Ukrainian and Russian people. I want to wish everyone safety and security, even though I know there won’t be. He further underlined his point of view, which is different from that of the blockchain network…