Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol. If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the...Read More
Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW – said that the once “almighty” Ethereum Foundation...Read More
According to the multinational investment bank – JPMorgan Chase & Co. – the main reason for the recent recovery of the cryptocurrency market is the expectation that Ethereum will complete its shift from Proof-of-Work to Proof-of-Stake this year. Bitcoin is currently up by over 35% compared to its lowest level in June, while Ether has...Read More
Matt Corallo – a long-time Bitcoin developer and one of Blockstream’s Co-Founders – thinks BTC maximalists are not helping their favorite cryptocurrency by calling all other digital asset protocols “scams.” Instead, those should respect some altcoins because many have significant use-cases. Over the years, the largest cryptocurrency by market capitalization has amassed numerous individuals as...Read More
The American billionaire investor and owner of the Dallas Mavericks – Mark Cuban – believes Ethereum’s transition from a Proof-of-Work consensus mechanism to Proof-of-Stake could be a double-edged sword. In his view, the investors’ excitement surrounding the move could surpass the actual use-cases of “the Merge” and create a “sell the news” event. Cuban also...Read More
Ethereum is prepping for the much-anticipated Merge. Delays and setbacks aside, the total value locked in ETH 2.0 deposit contract continues to record new highs. As of July 5, the number of staking ETH 2.0 deposit contract addresses exceeds 13,000,000. However, a vast majority of Ethereum 2.0 stakers are now firmly underwater on their position....Read More
The Ropsten testnet – Ethereum’s longest-running testnet – implemented the long-awaited “Merge” with the Beacon chain on Wednesday. The upgrade brings Ethereum one step closer to its long-awaited change to a proof of stake consensus mechanism. Ropsten allows for development and testing before changes are implemented on the Ethereum mainnet. “The Merge” will be the...Read More
Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network. Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted...Read More
Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the uninitiated, the Ropsten testnet was created by Ethereum Foundation nearly five years ago and is considered one of the best replicas for the Ethereum blockchain....Read More
Web infrastructure platform Cloudflare has announced supporting the development and deployment of Ethereum for its customer through its Ethereum and IPFS gateways. From now on, Cloudflare customers can log into the dashboard and configure a zone for Ethereum, the InterPlanetary File System (IPFS), or both. Ethereum Gateway As one of the fast-growing data storage firms,...Read More
Staking on Beacon Chain has been booming due to the much-awaited Ethereum Merge despite delays. A major chunk of new stakers on the consensus layer have done so using Lido Finance. In the latest blog post, the project revealed that 75% of new stakers on the Beacon chain who joined in the last 30 days...Read More
The deposit contract for staking on Beacon chain – the blockchain providing the spine of the Ethereum 2.0 ecosystem – has now collected over 10 million ETH. That’s $26 billion of staked value at current prices. Ethereum 2.0 is a long-awaited Ethereum upgrade that will convert Ethereum’s consensus mechanism from proof of work to proof...Read More
As Terra ascends the ranks of the top ten cryptocurrencies, its popularity as a yield generator continues to soar. It is now the second most staked crypto by value, surpassing even Ethereum 2.0. Staking VS DeFi To be clear, this “staked” value does not refer to the “total value locked” in the DeFi protocols on...Read More
The Dogecoin Foundation, a non-profit organization dedicated to the growth of popular meme-inspired cryptocurrency Dogecoin (DOGE), has joined forces with the founder of Ethereum, Vitalik Buterin. The idea is to design a “Community Staking” system based on the Proof-of-Stake (PoS) consensus mechanism. This comes months after the foundation announced at the Bitcoin ESG conference held...Read More
Figment – a company that provides blockchain infrastructure and protocol staking – announced a $110 million Series C fundraise at a $1.4 billion post-money valuation. The investment was led by Thoma Bravo – an American private equity and growth capital firm. Figment to Work on the Web3 Ecosystem Apart from Thoma Bravo, the funding round...Read More
Going against the stance of the bank’s crypto disparaging CEO, Jamie Dimon, the analysts argued in a report this week that blockchains running more energy-efficient networks than Bitcoin will increase in popularity. Staking currently generates an estimated $9 billion worth of revenue annually for the crypto industry, according to the report. The researchers predict that...Read More
The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based...Read More
Exaion, a subsidiary of the French multinational electric utility company EDF Group, will join the Tezos ecosystem as a corporate baker. The press release shared with CryptoPotato disclosed that Exaion is EDF’s arm specializing in blockchain solutions and high-performance cloud computing. The company aims to utilize distributed ledger technology to develop solutions to minimize the...Read More
The growing trend of cryptocurrency staking has reached the multi-asset platform eToro. The company announced today that it will launch a staking service this month. The first two assets available will be Cardano (ADA) and TRON (TRX). eToro To Enable Crypto Staking Cryptocurrency staking requires the investors to “lock” a certain amount of coins based...Read More
Proof of Work, a consensus mechanism, has proved to be the backbone of some of the leading and widely-adopted blockchain networks. These include Ethereum, Litecoin, and, of course, Bitcoin. Many from the blockchain industry have wondered how come Proof of Work (PoW) remained so resilient over all these years. Some are even baffled by its...Read More
Phase 0 of Ethereum 2.0 has been running full nodes on the Topaz testnet for months. However, the first block on the highly anticipated Beacon Chain has been mined and validated in mid-April. The first testnet was called Sapphire, and it was a scaled-down version that successfully tested smaller 3.2 ETH deposits. Topaz went live...Read More
The highly anticipated upgrade from ETH 1.0 to ETH 2.0 has been in the pipeline for a couple of years now. The initial phase, Beacon Chain, has been running full nodes on testnet since May, and staking rewards are being paid out to validators testing the new platform. The mainnet launch is unlikely to happen...Read More
The US-based cryptocurrency exchange Coinbase has extended its staking services for Tezos (XTZ) to users from a few European countries. The price of the asset has increased by nearly 6% since the announcement yesterday. Europeans To Stake XTZ On Coinbase As CryptoPotato reported before, Coinbase added Tezos staking in late 2019 for users based in...Read More
The cryptocurrency financial service company Bitcoin Suisse announced that it will start offering high-security staking for Tezos holders. The large organization claims that the addition comes after increased interest from institutional investors towards staking services for digital assets. Bitcoin Suisse To Offer Tezos Staking According to the announcement, the demand from institutional investors towards digital...Read More
The growing interest towards staking has pushed the blockchain-based project Harmony to begin implementing it as well. Interestingly, another popular project which had its IEO on Binance Launchpad, namely MATIC Network, also recently elaborated on its staking service developments. Harmony Will Support Staking Harmony utilized the Binance Launchpad to have its IEO nearly a year...Read More
The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion. The popular blockchain protocol has been especially attractive to investors lately and has surpassed the former leader of staking – EOS. XTZ Locked In Staking Per data from the monitoring website, Staking Rewards, Tezos became the...Read More
Coin staking is becoming very popular among cryptocurrency investors. One of the reasons for that is because it allows holders to earn passively. Amid stacking pools and wallets, more and more exchanges are jumping on the staking bandwagon as well. The increased interest was recently exemplified in a recent Binance Research report, showing that the...Read More
Proof of Stake (PoS) and Proof of Work(PoW) are the two common types of consensus mechanism, which is a vital aspect of blockchain technology. Consensus mechanisms are critical to the operation of distributed ledgers- the fundamental element of the blockchain technology, allowing it to operate without a central authority. The primary role of the consensus...Read More
