Interest in Ethereum Name Service reaching ‘critical mass’
The latest metrics on new registrations and renewals of existing domains on ENS show that interest in the digital identity service has shattered previous records. The Ethereum Name Service is having its best month on record for new registrations, account renewals, and revenue thanks to community awareness and low gas fees.Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on May 23 the metrics for the Web3 domain service through May so far. He noted numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May....
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Ernst & Young (EY), the third largest multinational professional services firm, believes blockchain technology is poised for critical mass. In its latest report, “Blockchain Reaction: Tech companies plan for critical mass,” the company explains how tech firms will experience impact through the blockchain’s “potential-rich, but still immature,....
12 March 2016 – Ethereum hit a major milestone early this morning, reaching a market cap of 1 Billion US Dollars at around 3:15am GMT. Ethereum has enjoyed explosive growth since announcement of the “Homestead” beta phase of development, with a 22% jump in active nodes in a single day, and steady growth since. Ethereum has been the second most traded Cryptocurrency for over a month, but reaching this critical milestone puts Ethereum at a not insignificant percentage of Bitcoin, which holds the highest Market Capitalization at 6.3 Billion.
The UK’s central bank said last week that it wants its next-generation settlement system to be blockchain-compatible. A consultation paper published last week outlined the major characteristics of what the Bank of England’s planned real-time settlement system, known as the Real-Time Gross Settlement (RTGS) service, should constitute. According to the Bank of England, the RTGS system essentially forms the foundation of what it does as a central bank. The bank began the process of looking at how the system could be augmented, upgraded or outright replaced earlier this year. Among the....
Ethereum price has rallied to $2,800, which is the next significant important resistance level. Ethereum’s price has risen by 30 percent from hitting a low of $2,160 barely a week ago. Ethereum Price Targets $3k In the last five days, ETH has closed in the green, reaching the important resistance level of $2,805. (20-day moving average line). Price is currently stabilizing slightly below this critical level, in preparation for a new effort to break above if the bullish sentiment persists. If successful, ETH would be well on its way to reaching $3,000 in no time. On the other hand,....
Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum […]