Ethereum

The use of Ethereum has risen explosively within the previous couple of years. The ICO bubble at the end of 2017 and most of 2018 was the major root of the blockchain’s utility. This also perpetuated an unsustainable uptrend regarding the price action of Ethereum. There was a shift towards the end of 2018 as regulatory measures hit ICOs worldwide, thereby largely halting the trend. However, as decentralized finance (DeFi) which allows users to offer and receive peer-to-peer loans using their…

"An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions or precognition of the future, inspired by the gods" - this is the literal definition of an oracle. When moving to the software world, the word keeps much of what it used to mean, with a few tweaks here and there. Leaving aside predictions and Godly figures, Oracles are, in a strict software sense, external data feeds used by software engineers and developers to…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $267 billion. Bitcoin failed to go over the $10K level, and it ends the week trading in the red. Ethereum decreased by 2.5% over the past week but looking to surge again. XRP lost more than 4% and fell below $0.20 again Fears of a second wave of COVID-19 infections have shaken the markets…

Decentralized applications (dApps) have significantly changed the field of blockchain tech. They are a new software application that does not undergo downtime and is not owned by any central authority.  In recent months, Dapps have made inroads in various fields like gambling, technology, education, finance, and others areas.  Ethereum (ETH) was the first blockchain that unlocked Dapp's true potential by allowing developers worldwide to create unique apps on the platform. However, many other blockchain networks joined with time, resulting in…

Technically, the performance of Ethereum has recently been relatively dull, with bulls striving to gather any remarkable uptrend as the cryptocurrency asset closely tracks the performance of Bitcoin. A data metric reveals investors’ heavy accumulation when ETH incurred a recent downturn. Hence, they have gained profit which has attained a historical area of barrier, as 80 percent of ETH’s supply is now in a state of profitability. Analytics platform Glassnode noted that 80 percent of the aggregated ETH supply is currently profitable.…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…

A Dapp is a next level in technological innovation. A Decentralized application is a platform that connects two or more parties without the need for any arbitration. This is achieved through the help of a blockchain (that forms the infrastructure) and Smart Contracts (because they bind the parties together). Decentralized Applications or Dapps, are taking the world by storm. In the book Blockchain Revolution, the authors Don and Alex Tapscott argue that traditional centralized applications like Uber, Facebook, and Airbnb can quite…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $274 billion Bitcoin jumped to almost $10,500 mid-week but slumped back to $9,400 support Ethereum is pushing against the $245 resistance level for another week XRP falls below $0.20 and loses (again) its 3rd position in the market cap table to Tether Cardano surprises the market with a spectacular increase of 35% Most legacy…

The price of Ethereum has dipped by almost 80 percent from its lifetime high of $1.4k. This is due to the ICO bubble collapse and the history of a shift from altcoins to Bitcoins. However, by comparison, Bitcoin has only declined by 50 percent from its lifetime high of almost $20k. Numerous cryptocurrency market participants believe that Bitcoin will keep outperforming altcoins while a renowned investor is throwing his weight behind Ethereum. It is clear that the performance of Bitcoin…