Ethereum Name Service founder reflects as 2 million registration mark nears
As the Ethereum Name Service edges closer to 2 million domain registrations, its founder reflects on the parallels with the internet’s Domain Name Service. The proliferation of the internet brought the world to the fingertips of users, and with it came a rush to register domains on the nascent network. Businesses like Amazon were born on the internet, while many others took their real-life business online by registering a website.Domain names remain an integral part of the internet, acting as the flagpole of the biggest brands, companies, institutions and individuals. But, the advent of....
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The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month.
ENS Registrations Spiked Last Month with 378K Names Etched Into the Ethereum Blockchain
ENS names are nearing the two million mark this week as registrations have steadily risen during the few months. Data from Dune Analytics indicates that after 67,095 ENS....
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.”
Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation
Billionaire Mark Cuban, the Shark Tank star who owns the NBA team Dallas Mavericks, warned in a tweet Saturday about how the SEC will regulate crypto tokens.
His warning was in response to a tweet by U.S. Senator....
Ethereum’s new fee burn mechanism is almost at its one-week mark. Burn rate has now grown to a rate of 3.88 ETH in the past 24 hours. So far, over 27,000 ETH has been burned from fees. Taking over $87 million out of circulation. The plan was to reduce the amount of new ETH being […]
The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence.
Ethereum 2.0 Contract Nears $30 Billion
In the early days, the Ethereum (ETH) protocol was a 100% proof-of-work (PoW) blockchain but in more recent times, Ethereum is now a mix of proof-of-stake (PoS) and PoW. In time, the digital currency and smart contract network will be 100% PoS and this will be the main consensus algorithm....
Since the completion of the Ethereum Merge, sentiment among the community has remained positive. There had been no withdrawal mechanisms coded into the hard fork, which meant that the feared dump of millions of ETH into the market did not happen. What had happened is that the amount of ETH that was being staked on the network had continued to grow, now getting close to another important milestone for the network. Staked ETH Almost At 14 Million By the time the Merge was to be implemented, there had been more than 13 million ETH already staked on the network. This represented more than 11%....