Ethereum failing to target core Web3 issues, says NEAR co-founder
Co-founder of NEAR Protocol, Illia Polosukhin, lays out his vision for Web3 and explains why Ethereum may not play a prominent role in its foundation. Illia Polosukhin, the co-founder of NEAR protocol, thinks Ethereum development has a focus problem. He says engineers should be fixing crucial issues that will enable Web3 to scale to billions of users. “We need simplicity of usage. We need easy programmability. We need composability that is natural to the applications. I don't see the current Ethereum evolutions targeting any of those goals,” Polosukhin said in an exclusive interview with....
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Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern. This pattern, however, is possibly failing. A busted pattern target could send the price per ETH sub-$1,000. Is the bullish chart pattern breaking down? | ETHUSD on TradingView.com Ethereum Ascending Triangle Begins Breakdown: Target $700 Ethereum put in its bear market low back in June of 2022 while Bitcoin and other....
The LeoFinance Team began it’s blockchain journey three years ago when they built the tokenized social app called LeoFinance.io, which became the backbone of a much bigger Web3 Ecosystem that has continuously evolved and expanded within the crypto world driven by two core values: creating opportunity for users and expanding the width and depth of the community. Khaleel Kazi is the Founder of LeoFinance. Khal is a DeFi entrepreneur that is building and launching DeFi apps and innovating on the bleeding edge of the cryptocurrency space. He recently joined the Bitcoin.com News....
Web3 or Web 3.0 as crypto boomers like to call it is a topical buzzword with only a very vague definition. Everyone agrees it has something to do with a blockchain-based evolution of the internet but, beyond that, what is it really?Yet, the conversation surrounding the meaning and prospects for Web3 has become very fashionable in crypto communities. The term gets thrown about by big corporates trying to muscle in on the space while avoiding the negative connotations of crypto.But, without an agreed-on definition, it cant be properly evaluated. Crypto influencer Cobie is among those....
The Ethereum platform has released an updated version of Geth client to rectify the consensus error. The Ethereum platform has run into few issues due to a flaw in the consensus mechanism. The issues were said to be due to the failing Geth journal when it came to reverting account deletions after transactions responsible for empty account deletion encountered out-of-gas exception. The issue, also encountered by Parity in a slightly different setting has forced the Ethereum development community to release a new version of Geth. Upon identification of the issue, which was a result of the....