How Staking Apathy Could Spell Doom For Ethereum 2.0
Although Bitcoin has dominated the headlines of late, Ethereum has also rallied hard. Since the beginning of October, the second-biggest cryptocurrency by market cap is up 32% to $457 at the time of writing. What’s more, unlike Bitcoin, sustainable fundamental factors, i.e. improvements to the Ethereum blockchain, seem to be behind the buying spree. Alex […]
Related News
The development of quantum computers may spell the doom of Bitcoin. Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers on Bitcoin was predicted by Andersen Cheng, the co-founder of a UK-based cyber security firm, Post Quantum. He was quoted by a....
Brian Armstrong, the CEO and Founder of Coinbase, in his blog offers an insight into the way Bitcoin Core developers group work against the currently looming doom over the entire Bitcoin network. The bitcoin block size debate is the classic example for the term “running around in circles”. Those of us who have been following thins know very well that the debate about increasing the block size has been going on for almost a year now and yet we do not have any results to show for it. There have been proposals to solve the issue, most of which were never accepted. This prolonged disagreement....
Bitcoin has been explosive all of 2020, and while certain altcoins like Ethereum and a slew of DeFi tokens have outperformed the top cryptocurrency this year, altcoins overall have been a disappointment compared to past cycles. Those who lived through past cycles, expected altcoins to take off the moment Bitcoin surpassed its previous peak. But […]
Data shows the staking rate of the Ethereum Proof-of-stake contract (formerly called the ETH 2.0 upgrade) has surged up recently, a sign that could be positive for the crypto’s price. Ethereum 2.0 Staking Rate Surges Up As Inflows Spike As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed […]
Ethereum staking is the backbone of the new network and users have been earning rewards by staking their ETH ahead of the merge. As time has gone on, rewards for staking have reduced, with the current rewards sitting around 4-5% for stakers. However, crypto exchange Coinbase sees this changing for the better once the merge […]