Vitalik: ‘More confident about the merge’ following ETH’s successful London u...
The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0 Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain.Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours ago, has tweaked the fee generation mechanism resulting in a portion of the fees being burnt.At the time of writing, more than 3,500 ETH worth around $9.8....
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The Ethereum blockchain has completed the highly anticipated London upgrade on Thursday and ether fans have been discussing the protocol’s burn rate with great fervor following the fork. 5.9 Ether Is Burned Every Minute, Vitalik Buterin ‘Confident’ About the future after London At press time, Ethereum is burning 5.9 ether per minute or $16.8K using today’s exchange rates against the U.S. dollar. Meanwhile, in a recent interview from Singapore, Ethereum’s co-founder Vitalik Buterin said the Ethereum Improvement Proposal (EIP) “1559 is definitely the most....
Ethereum is moving higher over today’s trading session and seems to be targeting previous levels about the $2,000 mark. The cryptocurrency soars as “The Merge” becomes imminent and backs the bullish sentiment across the market. Related Reading: Is The Bitcoin Surge Due To An External Reason? What The Data Suggests At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24 hours and a 17% profit over the past week. Ethereum is the best performing asset in the crypto top 10 by market cap recording bigger gains than Solana (14%), Polkadot (16%), and Bitcoin (7%). The....
On a historic day in the history of Ethereum, the network’s oldest testnet Ropsten was able to complete “The Merge”. According to core developer Tim Beiko, the testnet has begun including blocks and operational. This marks one of the most important milestones in ETH’s migration to a Proof-of-Stake consensus. Related Reading | Cardano Is The Most […]
Ethereum has broken below $1,700 since July 2021. At that time, ETH’s price was reacting to the downside due to an increase in selling pressure across the crypto market. Related Reading | TA: Ethereum Holds Key Support, Why ETH Must Clear This Hurdle This time, Ethereum seems to be reacting to poor macro-economic conditions, and a potential delay in its most important milestone in recent history: The Merge. The event that will complete ETH’s transition to a Proof-of-Stake (PoS) blockchain. At the time of writing, Ethereum (ETH) trades at $1,680 with a 6% and 8% loss in the last....