Ethereum

Ethereum is a cryptocurrency capable of storing value and making payments. However, that's not all. It is also a fully-fledged platform for creating smart contracts, and this is where Solidity comes in. Solidity is a high-level language for implementing smart contracts. It gets its inspiration from C++, Python, and JavaScript and should target the Ethereum Virtual Machine (EVM). This article will uncover the Solidity programming language and how it works. But first, we'll look closer at the Ethereum Virtual Machine…

Smart contracts might seem like complex cryptocurrency jargon, but it's not. An Ethereum smart contract is an automated agreement between two parties written in code. Smart contracts have continued to bloom in the crypto space, and more is yet to come. The smart contract market capitalization reached USD 274 million in 2023. Ethereum smart contracts have had a notable impact in revolutionizing the crypto space and the world. Furthermore, there are ways in which users can utilize Ether Smart Contracts. Some…

An emerging development shows that Virgil Griffith pled guilty to assisting North Korea in avoiding U.S sanctions. According to a release, the idea was to use cryptocurrencies and blockchains to commit the unlawful act. Thus, it goes against the International Emergency Economic Powers Act (IEEPA). A U.S attorney believes that the confession is a step further to deal with America's foe. His sentence will take place on January 18, 2022. Virgil Griffith is Guilty Headlines about Virgil Griffith began to emerge in November…

The China-based Ethereum mining pool SparkPool has decided to halt its services for all users. The platform posted the development to their website and Twitter account on Monday. The firm is one of the world's largest Ethereum mining pools. SparkPool stated that it is doing so due to stricter enforcement of crypto mining bans in the country. Also, it announced that it was suspending access to new users in mainland China. In addition, the entity intends to stop existing users in China and abroad…

Accounting firm Ernst & Young (EY) just announced that it would be using the Polygon protocol to implement its blockchain solutions on the Ethereum ecosystem. The firm said the new development would enable a future transition to less risky and more efficient public networks.  According to a recent press release, EY will adopt Polygon’s chain scaling solutions to uplift transaction volumes. This union will allow more predictable costs and settlements for business customers. The firm also disclosed it is engaging with Polygon blockchain scaling…

Recent data shows Ethereum's scaling solutions have locked assets amounting to $3 billion. The data tracks the total value of locked holdings in 17 different Ethereum L2 solutions. Arbitrum leads the list with $2.2 billion assets and a market share of 75%.  A Growing Interest in Layer 2 Projects Within the last seven days, Arbitrum made profits of more than 3000%. The project applies an Optimistic Rollup Technology in its operations. Thus, it allows the communication of smart contracts between Ethereum and Arbitrum's solution. …

Cryptocurrencies continue to showcase outstanding crypto performance since the launch of Bitcoin in 2009. As a result, global investors are looking forward to establishing financial stability with digital assets. Due to the growing interest, crypto prices are drastically shifting to the top.  Still, in some scenarios, the market trend keeps decreasing for specific periods. A coin's bearish momentum creates fear and panic for users who believe in the future of the asset.  The opposite is a bullish market that records skyrocketing prices…

Blockchains have been gaining attention since the history of crypto. The highly advanced systems help decentralize and streamline financial systems globally. As the blockchain systems grow, investors start noticing issues and propose an upgrade. However, for any upgrade to occur, blockchain requires the consensus of all participants. If there is no consensus, two factions with opposite ideas may form. The developers may choose to go ahead with the upgrade but maintain the status quo in the original chain. At that point,…

A lead analyst from IntotheBlock reveals that Ethereum's inflation level is decreasing. According to a tweet, ETH currently has a lower supply rate. The tweet also explains that several factors are triggering a dip in the coin's issuance level. A Decrease in Purchasing Power? The annual inflation rate of Ethereum hit 3574 ETH compared to bitcoin's 900 BTC. This figure translates to a 1.11% decrease while Bitcoin's rate stands at 1.75%. The tweet's thread details some elements behind the numbers,…