Ethereum’s Vitalik Buterin describes the network as the “world computer” to highlight its significant evolution to hosting a variety of applications. Vitalik also responds to a recent “attack” on the Ethereum Layer 2 and assures that they are working towards a “better future.” Ethereum (ETH) co-founder Vitalik Buterin has hinted at potential upgrades to completely…
October 26, 2024 at 10:00 PM GST updated: October 26, 2024 at 06:55 PM 4 mins read Press Release As the crypto market continues to draw in investors, key players are introducing solutions designed with user benefits in mind. Bitcoin.com Wallet now offers USDC staking rewards through its self-custody service and Verse DEX. In parallel,…
October 17, 2024 at 01:50 PM GST updated: October 17, 2024 at 01:37 PM 2 mins read News Tether USDT hits 330M on-chain wallets in Q3 2024, with 36.25M new users, marking a major growth milestone in digital finance. USDT sees rapid growth on Ethereum Layer 2 chains like Optimism, with TON adding 3.3M users,…
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a…
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, author Gaz critiques Vitalik Buterin’s recent actions, while explaining the advancements in Ethereum scaling solutions like roll-ups, particularly focusing on “based roll-ups.” From Token…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Paradigm, a powerhouse in crypto venture capital, has leaped into the future of blockchain development. Earlier today, the firm announced a $20 million investment in Ithaca, a newly formed spinoff company. Ithaca is working to build a Layer 2 blockchain called Odyssey, which its creators claim to be from…
Uniswap Labs has announced Unichain, its Ethereum Layer-2 solution aimed at streamlining the user experience for those leveraging its services. The organization specified that Unichain would be built as part of Optimism’s Superchain, designed specifically with decentralized finance in mind. Unichain aims to lower costs by 95% compared to using the Ethereum blockchain and to…
Este artículo también está disponible en español. Like Bitcoin, Ethereum, and other top altcoins, Solana remains under immense selling pressure. While bulls struggle for momentum, $160 is emerging as a local resistance level for traders to watch out for. Despite the upside momentum in September, Solana buyers didn’t lift prices above this line. At press…
Este artículo también está disponible en español. Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain. Over the years since launching, it has been gulping…
September 29, 2024 at 07:28 PM GST updated: September 29, 2024 at 05:09 PM 2 mins read News Vitalik Buterin proposes increasing Ethereum’s blob count to enhance scalability and support growing layer-2 solutions. EIP-7623 aims to raise Ethereum’s blob count per block, reducing data congestion and boosting layer-2 capacity. Coinbase’s Jesse Pollak supports increasing blob…
Ethereum founder Vitalik Buterin has recently shared his decentralization standards for Layer 2 networks, with most of the blockchains stuck at Stage 0. Indeed, the notable crypto developer had previously developed his three-stage plan for networks. Yet, to this point, most networks don’t stack up. That isn’t the case for Ethereum. Six of its various…
Este artículo también está disponible en español. Crypto social media platform Friend.tech faced backlash after a controversial decision by its team. The platform’s native token, FRIEND, plummeted over 42%, reaching its all-time low (ATL) price amid the controversy. As a result, an Ethereum (ETH) whale saw its investment in the token drop by over 95%….
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into…
The March Ethereum Dencun upgrade led to a sharp surge in L2 transaction activity, which triggered a significant increase in transaction failures from addresses driven by bot usage. For instance, Base experienced a 41.6% failure rate, with Arbitrum and OP mainnet seeing failure rates of 20.87% and 12.85%, respectively. Following the Ethereum Dencun upgrade in…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ethereum Dencun upgrade, which took place in March, has led to an unexpected surge in transaction failures across layer-2 networks, according to recent findings. In an August 21 analysis, titled “150 Days After Dencun,” Galaxy noted the implications of the upgrade. The upgrade, which introduced data blobs via Ethereum…