Ethereum is a decentralized development platform that uses blockchain technology. It was created to allow others to build applications, cryptocurrencies, tokens, or other use cases that can benefit from distributed and secured databases.
You can tokenize nearly anything—information like passwords, personal data, finances, real estate, debt, and much more—into databases. When something is tokenized on a secured database like a blockchain, ownership can be secured and tracked through cryptographic techniques. A blockchain creates cryptographic snapshots of an entire database and includes them in each new block so that the blocks in the chain cannot be altered.
Ethereum operates like a distributed computer with the operating system running on machines (called nodes) worldwide. For this reason, it is called the Ethereum Virtual Machine because anything can be designed to run on it to take advantage of blockchain technology. The long-term goal is to connect everyone via this virtual machine and provide infrastructure to people everywhere. As a result, no single entity would have control over or access to anyone’s personal data or other information, and it would therefore be much less vulnerable to hacks or shutdowns.
In recent years, the term “crypto” has become nearly synonymous with a new digital financial frontier. From investors to tech enthusiasts, “crypto” has piqued curiosity and generated vast discussions worldwide. But what is crypto? Is it merely a fad, or is it the next significant shift in global finance? Let’s dive into the fundamentals of…
The Ethereum price could be on the verge of another breakout. The US’s main clearing house, the DTCC, has already added several Ethereum ETFs to its registry, sparking new optimism. Ether has already risen by 28 percent over the last two days. The Ethereum price about to break out again? The Ethereum price may be on the…
In the digital world where technological strides are leapfrogging conventional mechanisms, Ethereum (ETH), a decentralized, open-source blockchain with its smart contract functionality, is carving a unique space for itself. Launched by Vitalik Buterin, Ethereum has transformed the way transactions and operations function in various sectors, stretching from finance to gaming. This revolutionary technology, boasting of…
In the revolutionary landscape of digital technology, there stands a promising corner-stone – Smart Contracts. These digital protocols signify a seismic shift, enabling secure online transactions without the need for intermediaries, thus fundamentally transforming how businesses are conducted. In everyday terms, Smart Contracts are automated, self-executing contracts with the terms directly written into program code….
In the vast and thrilling landscape of the cryptocurrency world, the Ethereum Virtual Machine (EVM) occupies a pivotal position. Engendering its significance is its distinctive functionality that enables the seamless interpretation and execution of Ethereum smart contracts. With an intention to decode this fundamental part of the Ethereum ecosystem, this discourse elucidates the basics of…
As we navigate the dynamic and evolving world of digital assets, Ethereum 2.0 emerges as a significant milestone in the blockchain industry. Stepping away from its initial version, Ethereum 1.0, the launch of Ethereum 2.0 acknowledges the scalability issues and prudently addresses them with innovative solutions – the shift to a Proof-of-Stake consensus mechanism and…
The Tornado Cash case is not over yet. US authorities raise new charges, triggering heated discussions in the crypto scene. Why the new allegations are attracting so much attention. New lawsuits against Tornado Cash: That’s what it’s all about Since the summer of 2022, the developers of Tornado Cash have been increasingly in conflict with the authorities. US…
After more than a year and a half of development: PayPal is releasing its own stablecoin PayPal USD (PYUSD). The product is based on Ethereum and is intended to lead the financial service provider into the new era of digital means of payment. Initially, the token will only be available in the USA. PayPal releases its own…
Do SEC and Ethereum have an unusually close relationship? Critics claim just that, basing themselves on information about possible collusion. Information from a legal case between the authority and Ripple contradicts this thesis. SEC, Ethereum and Ripple in conflict For months, the SEC has been accused of corruption in dealing with Ethereum . The authority is biased due to affiliations…
Vitalik Buterin warns: Without three changes, Ethereum will fail. The 29-year-old criticizes the functioning of large parts of the ecosystem. Rapid change must take place in order to keep the blockchain attractive. Buy Ethereum now Vitalik Buterin: Without these changes, Ethereum will fail Ethereum inventor Vitalik Buterin recently commented on the blockchain . According to him, it takes three significant changes…
A bridge between Bitcoin and Ethereum allows the transfer of NFTs. Users looking to leave ETH for the Ordinals can now do so with a first collection. Caution is advised. The decision is irreversible. The developers believe in an increasing importance of BTC in the niche. Bridge between BTC and ETH allows transfer of NFTs A new bridge between…
In September 2021, crypto exchange KuCoin wiped out several million US dollars in Ethereum and Tether. To this day it remains a mystery why this happened. Apparently it is a system-internal or a human error. Why KuCoin Burned Millions of Dollars in Ethereum Crypto exchange KuCoin burned millions of dollars in Ethereum over a three-day period in September. To date,…
France releases its own stablecoin? To a certain extent. French bank Societe Generale is launching a euro stablecoin based on Ethereum. The program code used is meanwhile causing harsh hostilities in the crypto scene. France releases stablecoin France releases its own stablecoin. More precisely, the French bank Societe Generale-Forge (SGF) is responsible. The euro-based centralized stablecoin goes by the name of EUR CoinVertible (EURCV) and is…
Rihanna song “Bitch Better Have My Money” is now tokenized — at least to a very small degree. Blame it on producer Jamil Pierre, who converted some of his licensing rights into NFTs on the Ethereum blockchain. Token holders earn from the ongoing revenue generated by the song. Rihanna Tokenizes Song “Bitch Better Have My Money” Rihanna’s…
Possible money laundering with cryptocurrencies is often used by authorities as an argument to restrict digital assets or their users. A new study shows how little money launderers are really restricted and what tricks they use. Money laundering with crypto unavoidable? Measures such as KYC and AML have been widespread in the crypto industry for a…
Cryptocurrencies are the most well-known financial asset after stocks. That emerges from a new study. Despite the high level of awareness, many potential investors lack conviction. Why is it? Cryptocurrencies are among the best-known financial assets More than every second person is now familiar with cryptocurrencies. This is the result of a study by Toluna , in which 10,500 people from…
Only a few weeks after the drama surrounding the crypto mixer Tornado.Cash, there are signs that the worst expectations are coming true. The neutrality of the Ethereum blockchain is increasingly threatened. Almost half of all new blocks are now affected by censorship. Ethereum neutrality: around 45 percent blocks censored In August, the US Treasury announced sanctions against Ethereum (ETH)…
Is the Ethereum Foundation cheating the investors of its own project? For a long time, the merger was considered the starting signal for withdrawing staked ETH. After the developers deny this, they name a new date that is now much further away. Investors should therefore exercise caution when staking Ether. Ethereum: Stake to Shanghai available? The merge marks the transition of…
A certain type of Ethereum wallet address has a vulnerability that allows unauthorized access. Users can lose their entire assets stored there and should therefore react as soon as possible. Ethereum: Vulnerability in wallet addresses The five-year-old vanity address generator Profanity has a critical vulnerability that allows unauthorized users to gain access to the private keys. Profanity creates…
EthereumPoW (ETHW) is only a few days old. Now the project is already making unexpectedly negative headlines due to a possible vulnerability at protocol level. What’s behind the accusation? Hacker captured hundreds of ETHW After Ethereum completed the merge , it took only a few hours for EthereumPoW to launch the mainnet . The young ETH fork remains true to Proof of Work , while…
ETH lost more than 7% in less than 24 hours after the announcement of the Beacon chain block reorganization. Ethereum Beacon Chain is undergoing a seven-block reorganization. Like other crypto and traditional financial markets, Ethereum is also facing intense selling pressure. Our data shows that Ethereum is down 3.4% in the last 24 hours to trade at…
Volatile crypto prices: BitMEX CEO Arthur Hayes sees heavy losses coming into June. Bitcoin could fall to $30,000 and Ethereum to $2,500. After the market rally in March, the cryptocurrency has been volatile, and BitMEX CEO Arthur Hayes predicts the drop could get worse. Amid losses, the total market cap of all crypto assets has fallen to less…
At the current Ethereum burn rate, Ethereum supply has negative growth of 2.2 percent per year. OpenSea, ETH transactions and Uniswap have contributed the most to the Ethereum demise so far. ETH price is up more than 5.2 percent in the last 24 hours. Crypto market analyst and YouTuber Lark Davis says Ethereum’s best days are…
Joe Lubin, Co-Founder of Ethereum and CEO of ConsenSys, is confident that the new, innovative Ethereum version will be launched in the next few months. At the crypto event Camp Ethereal last week, he explained the significant infrastructure changes that are intended to make Ethereum 2.0 more robust and secure Ethereum investors and supporters are…