Vitalik Urges Ethereum Developers To Target ‘Millions’ Of Users Post-Dencun

Ethereum‘s chief scientist said Ethereum is ready to support applications servicing millions of users following Dencun’s massive L2 fee reductions.  Vitalik Buterin, the chief scientist and co-founder of Ethereum, penned a blog post calling on developers to pivot their focus towards building new applications that could serve millions of users following the activation of its Dencun upgrade earlier this month.  Ethereums highly-anticipated Dencun fork went live on March 13, ushering fee reductions of up to 95% on Layer 2 networks supporting EIP-4844 — the main upgrade included in Dencun. The fee reduction also precipitated triple-digit increases in transaction volume on leading L2s.  Buterin described Dencun as the most significant Ethereum upgrade since The Merge, which transitioned the network to Proof of Stake consensus in September 2022.  “As of two weeks ago, the two largest changes to the Ethereum blockchain — the switch to Proof of Stake, and the re-architecting to blobs — are behind us,” Buterin said.  With fees on many Layer 2s now sitting below six cents, Buterin issued a challenge to developers to begin building applications addressing non-financial use cases that could serve “millions” of users.  “Pretty much every crypto application that is not financial speculation depends on low fees — and so while

2024-03-29Ethereum

Vitalik Buterin Announces Massive Ethereum Change

Balita ng Ethereum ng Bitcoin  Larawan ng pabalat sa pamamagitan ng www.freepik.com  Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.  Vitalik Buterin stresses the importance of advancing the security of rollups, a Layer 2 scaling solution designed to increase transaction throughput without harming decentralization of the network in general. Currently, many rollups are not fully guarded by code, with only a select few, like Arbitrum One, reaching what has been designated as “Stage 1” in their development — a level where they are robust enough to be deemed hindi makatatakas.  The call is to uplift the standards within the Ethereum community, especially concerning rollups. By the end of

2024-03-29Ethereum

Ethereum Targets $4K Milestone: Momentum Builds Beyond $3,680 Resistance

Balita ng Ethereum ng Bitcoin  Ethereums price stabilizes above $3,500, hinting at a potential surge towards the $4,000 mark.  A significant resistance break at $3,540 on ETH/USD charts suggests increasing bullish momentum.  “The next key resistance sits at $3,680, above which the price might gain bullish momentum,” highlighting a pivotal moment for Ethereums trajectory.  Ethereum price holds strong above $3,500, with indicators pointing towards a continued upward journey. A crucial test awaits at the $3,680 resistance, potentially paving the way to $4,000.  Ethereums Bullish Outlook Intact Above $3,500  Ethereum has once again averted a prolonged downside correction, finding solid support around the $3,450 level. This resilience has allowed ETH to climb higher, surpassing the $3,520 resistance and positioning itself above the 100-hourly Simple Moving Average. The break above a critical bearish trend line at $3,540 on the hourly chart marks a significant bullish signal. With Ethereum now trading above these key levels, all eyes are on the immediate resistance at $3,600 and the major hurdle at $3,630 — the gateway to further gains.  Approaching the Crucial $3,680 Resistance  As Ethereum approaches the $3,680 resistance, the anticipation of a breakout grows. Surpassing this level could trigger a strong rally towards $3,800, with the potential to extend gains to $3,920

2024-03-29Ethereum

Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!

Bitcoin Ethereum  Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!  Balita ng Ethereum ng Bitcoin  While volatile movements continue to occur in Bitcoin and Ethereum, three-month options contracts are about to expire.  Accordingly, BTC and ETH options worth $15.2 billion will expire tomorrow on Deribit, the worlds leading cryptocurrency options exchange.  While Deribit data reveals that the $15 billion figure is one of the largest maturities in the history of the stock market, it also shows that most BTC and ETH options will end in profit on Friday, tomorrow.  While a large amount of options in BTC and ETH are expected to expire tomorrow, Deribit chief trading officer Luuk Strijers, speaking to Coindesk, said that this situation may cause pressure and high volatility on the BTC price.  A large amount of options are expiring tomorrow and most of them will be in the money (ITM). This may cause upward pressure or volatility in the market.  Bitcoin options worth $3.9 billion, with a market cap of approximately $70,000, will expire. This represents 41% of the $9.5 billion of total three-month open interest due. Similarly, according to Deribit data, 15% of the three-month total open positions in ETH of $5.7

2024-03-29Ethereum

Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: Unlikely This Year

Ethereum  Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: “Unlikely This Year”  Balita ng Ethereum ng Bitcoin  Cryptocurrency market maker GSR revised its forecast for the approval of a spot Ethereum ETF in May, reducing the probability to just 20%. That‘s a significant drop from the firm’s estimate in January, which put the chance at 75%.  “We now believe there is a 20% chance that the SEC will approve a spot Ethereum ETF in May,” GSR analyst Brian Rudick explained the revised forecast in a note published today. According to GSR Research Analyst Matt Kunke, the previous optimistic outlook was attributed to Grayscales Court of Appeals victory and the approval of Ethereum Futures ETFs in October.  Rudick noted that the conditions leading to the potential approval of the spot Ethereum ETF are similar to those leading up to the approval of spot Bitcoin ETFs. These included the existence of a futures-based ETF and a significant correlation between the spot and futures markets.  However, Rudick has now taken a more conservative view on the potential for spot ETH ETF approvals. He cited minimal interest from the SEC, political pressure against approving additional digital asset ETFs, and an alleged SEC investigation into whether ETH is a

2024-03-29Ethereum

Solana DEX Volumes Hit $50 Billion; Co-founder Compares Growth with Ethereums ⋆ ZyCrypto

Ethereum  Ang mga Dami ng Solana DEX ay umabot sa $50 Bilyon; Pinaghahambing ng Co-founder ang Paglago sa ⋆ ZyCrypto ng Ethereum  Balita ng Ethereum ng Bitcoin  Solana‘s decentralized exchange (DEX) has reached a major milestone, surpassing $50 billion in trading volume. This achievement comes amid a surge in meme coin interest and trading activity within the Solana ecosystem, highlighting the L1 blockchain’s growing prominence in the crypto space.  Anatoly Yakovenko, co-founder of Solana Labs, recently compared Solanas DEX performance to Ethereum, indicating a shift in market dynamics.  As Solana continues to gain traction, its success challenges established players like Ethereum, signalling a potential paradigm shift in the decentralized finance (DeFi) landscape.  Solana DEX Soars Past $50 Billion in Trading Volume  The trading volume on Solana‘s DEX has surged past $50 billion, marking a significant milestone for the platform. This achievement underscores the growing popularity and adoption of Solana’s blockchain, which has been lauded for its speed and scalability.  The blockchains ability to handle large transaction volumes at low fees has made it an attractive option for traders and developers, leading to a surge in activity within the ecosystem.  Anatoly Yakovenko, co-founder of Solana Labs, drew comparisons between Solana and Ethereum in a post on X, highlighting the formers

2024-03-29Ethereum

Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs

Ethereum  Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs  Balita ng Ethereum ng Bitcoin  Coinpeaker  Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs  After the successful implementation of the Ethereum Dencun upgrade earlier this month, allowing the creation of Ethereum blobs. The blobs are similar to Bitcoin inscriptions which increase the inclusion of data within Ethereum transactions without affecting the block processing time.  However, in the recent development, Ethereums economical memory segments dubbed blobs are facing an issue with excessive text or image storage, commonly referred to as “Blobscriptions”. Currently, approximately 40% of blobs are occupied by such inscriptions. As a result, this introduction of blobscriptions on the Ethereum network has led to a sudden surge in the gas fee on the network.  As per the data from Crypto Intelligence firm Dune Analytics, there‘s been a major growth in inscriptions built atop Ethereum blobs, reaching new record levels. Over the last two days – March 27 and 28 – there’s been a major uptick in inscriptions on the Ethereum blobs.  This trend bears similarities to the surge in activity observed with Ordinals on the Bitcoin blockchain. Notably, nearly 40% of Ethereum blob submissions on Wednesday were for inscriptions.  The heightened activity in blob submissions has

2024-03-29Ethereum

Bitcoin (BTC), Ether (ETH) Prone to Topside Volatility as $15B Options Expiry Looms

Bitcoin Ethereum  Bitcoin (BTC), Ether (ETH) Prone to Topside Volatility as $15B Options Expiry Looms  Balita ng Ethereum ng Bitcoin  “The big impact, however, is [from] the gamma positioning of dealers into the event. Dealers are short some $50 million of gamma, with the majority focused at around the $70,000 strike. As we near the expiry, that gamma position gets larger and the forced hedging will exacerbate volatility around $70,000, providing for some whippy, choppy moves either side of the said level,” Brickell told CoinDesk.

2024-03-28Ethereum

QuadrigaCX Mystery: Unexplained Wealth Order na Inihain Laban sa Co-Founder na si Michael Patryn

Tech  QuadrigaCX Mystery: Unexplained Wealth Order na Inihain Laban sa Co-Founder na si Michael Patryn  The British Columbia Civil Forfeiture Office has taken action against Michael Patryn, co-founder of the now-defunct QuadrigaCX cryptocurrency exchange, by filing an unexplained wealth order (UWO) with the British Columbia Supreme Court.  This move aims to seize a substantial amount of assets, including $250,200 in cash, 45 gold bars, luxury watches, and other items found in a safety deposit box linked to Patryn.  TLDR  British Columbias Civil Forfeiture Office has filed an unexplained wealth order (UWO) against QuadrigaCX co-founder Michael Patryn.  The order aims to seize assets including $250,200 in cash, 45 gold bars, luxury watches, and other items found in a safety deposit box linked to Patryn.  QuadrigaCX, once Canadas largest cryptocurrency exchange, became insolvent in 2019 after the death of its other co-founder, Gerald Cotten.  Patryn, who has a criminal record in the U.S., is alleged to have misappropriated customer funds and cryptocurrency during his involvement with QuadrigaCX.  The case highlights the challenges of combating financial crime in the cryptocurrency industry and may set a precedent for addressing unexplained wealth.  QuadrigaCX, once the largest cryptocurrency exchange in Canada, became insolvent in February 2019, shortly after the death of its other co-founder,  Gerald Cotten, who

2024-03-28Industriya

Ang mga Bitcoin Trader ay Naghahanda para sa Epekto sa gitna ng Futures Gap

Bitcoin  Ang mga Bitcoin Trader ay Naghahanda para sa Epekto sa gitna ng Futures Gap  Bitcoin traders are currently poised on the brink of potential turbulence, as the notable gap in futures pricing highlights an impending wave of market volatility. This gap serves as a vital indicator, revealing underlying market dynamics including the recent sell-side pressures and the intricate interplay of supply and demand forces. As the gap size mirrors investor sentiment and market strength or weakness, understanding these nuances becomes paramount for traders.  Through a blend of technical analysis and risk management strategies, informed decision-making is guided, enabling traders to navigate the uncertain waters ahead. Enhanced insights into how these factors coalesce could equip individuals with the tools necessary for mitigating risk and seizing opportunities in a fluctuating market landscape.  Key Takeaways  I‘ve found that keeping a keen eye on futures gaps has significantly sharpened my trading strategies. It’s exhilarating to navigate through the volatile waters of the cryptocurrency market, especially when you have the right tools and knowledge at your disposal. It feels like mastering a high-stakes game where the rewards can be substantial.  The platform I use boasts an impressive win rate of 82%, highlighting its reliability in predicting market movements.  They maintain full

2024-03-28Industriya
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