Ethereum

Yet another multi-million dollar hack has impacted the crypto ecosystem. This time, it's against Wormhole – a famous cross-chain bridge to bring non-native cryptocurrencies to other blockchain networks. Over $300 million worth of wETH were unfairly generated through a protocol exploit. This comes a month after Vitalik warned the crypto-community of the security flaws inherent with cross-chain protocols and intermediaries. Hours ago, Wormhole warned the community of a potential protocol to exploit over Twitter. The team put the network under…

It may be too early to call the Ethereum (ETH) project dead. However, an analysis recently shared by Coinbase experts brings exciting information on the subject. Although the new solutions appear valid, it is not confident that they can become “Ethereum Killers”. This article analyzes the main aspects of the analysis by evaluating the consequences for the market. The Coinbase analysis The primary reason the alternatives to Ethereum succeeded is straightforward: ETH suffers from high network congestion. To reduce the…

The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods.    The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…

NFTs and jpegs are about to become a bit more distinct – at least on Twitter. The social media platform is rolling out a new feature to register Ethereum NFTs as their profile pictures. As a result, these NFTs appear hexagonal rather than traditional PFPs that use a circle. Twitter Embraces NFTs Twitter Blue – the microblogger’s subscription service – announced its NFT integration on Thursday. It stated that due to popular demand, NFT Profile Pictures had begun rollout in…

Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…

Decentralization is the primary selling point of the three worlds of Bitcoin, crypto, and the web. There are several reasons for this. Some are related to the increased transactional efficiency that decentralization can provide. Others are related to creating permissionless, censorship-resistant digital networks. Most importantly, decentralization weakens any single point of failure, bolstering network security. This not only keeps a network as close to unbiased and ‘neutral’ as possible but almost guarantees its immutability. Yet the crypto world hasn’t always…

Ethereum’s difficulty bomb is a tool for maintaining network consensus between all classes of participants. This is a challenging task for Ethereum compared to Bitcoin, which performs frequent backward-incompatible hard forks. The most significant of these – is Ethereum 2.0; the difficulty bomb will ensure the community’s smooth transition to the new protocol. Review: Ethereum 2.0 and Proof Of Stake To understand the necessity of the bomb, we must review some of Ethereum's history. Ethereum uses a proof-of-work consensus mechanism…

Solana led other significant cryptos in recovery after a powerful endorsement from a central U.S. investment bank. Its price rose over 7% in the last 24 hours. For comparison, Bitcoin, Ethereum and BNB rose less than 1% in the same period. Solana’s strong performance resulted from a powerful endorsement by a major player. Specifically, Bank of America covered Solana in a research note to its clients. The investment bank said Solana could become the "Visa of digital asset ecosystem" and…

Though Ethereum is currently the undisputed king of Defi, its dominance may not be absolute. Multinational investment bank JP Morgan recently argued that the network will face stiff competition from other chains in the coming years. They say Ethereum’s scaling difficulties are a primary market vulnerability, and that its development solutions may arrive too late. Hurry Up, Ethereum! Nikolaos Panigirtzoglou – analyst for JP Morgan – published his opinion on the matter in a note on Wednesday. He acknowledges sharding…