Ethereum Scaling Solution zkSync Era Mainnet Malfunctioned, Resumes Block Production After 4Hrs

Ethereum  Ethereum Scaling Solution zkSync Era Mainnet Malfunctioned, Resumes Block Production After 4Hrs  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  zkSync Era malfunctioned and went down for over 4hrs on Saturday as the Layer-2 blockchain produced no blocks during these hours. Zero-knowledge proof roll-up (zk-Rollup) zkSync Era is one of the main Ethereum Layer-2 scaling solutions compatible with Ethereum Virtual Machine (EVM), with mainnet launched by Matter Labs on March 24.  zkSync Era Down For Over 4 Hours  According to transaction data on zkSync Era Block Explorer, no blocks were produced on the zkSync Era mainnet blockchain since 01:00 UTC on April 1. Several users reported pending transactions on zkSync Era, claiming the blockchain is down.  There was no communication about the issue on the official Twitter handles of zkSync, Matter Labs, and others. zkSync team confirmed that they are aware of the issue with the zkSync Era mainnet and working to bring the network online. The team asked users to avoid initiating transactions now and wait for for mainnet recovery.  After 4hrs of downtime, zkSync Era Block Explorer showed normal block production on the zkSync Era mainnet.  zkSync Era – First zkEVM Mainnet  Matter Labs on March 24 launched the zkSync Era mainnet alpha, becoming the first zkEVM

2023-04-02Ethereum

BTC Nears $29,000 to Start April, as ETH Also Rebounds – Markets and Prices Bitcoin News

Bitcoin Ethereum  BTC Malapit na sa $29,000 para Magsimula sa Abril, dahil ang ETH ay Rebound din – Mga Market at Presyo ng Bitcoin News  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  Bitcoin was back in the green on Saturday, as prices moved close to the $29,000 level to start the weekend. Following a volatile session on Friday, cryptocurrency markets were mostly higher entering April. Ethereum moved back above the $1,800 level.  Bitcoin  Bitcoin (BTC) rose towards $29,000 on Saturday, as markets continued to react to yesterdays personal consumption expenditure (PCE) figures in the United States.  PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing.  BTC/USD rose to an intraday high of $28,802.46 earlier in todays session, which comes a day after trading at a low of $27,854.63.  BTC / USD - Daily Chart  Looking at the chart, the move saw BTC briefly breakout of a long-term resistance level of $28,500.  Earlier gains have since declined, which comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00.  As of writing this, the index is now tracking at 63.65, with a floor at 62.00 a possible target for sellers.  Ethereum  Ethereum (ETH) was also higher to start the weekend,

2023-04-02Ethereum

The Potential 100X Project Uwerx (WERX) And Ethereum (ETH) Price Prediction

Ethereum  Ang Potensyal na 100X Project Uwerx (WERX) At Ethereum (ETH) Prediction ng Presyo  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  The coming bull market will produce hundreds of 100X tokens; all it takes from the investor is the ability to spot a solid value proposition and invest early. Analysts have pointed out that Uwerx could be one such opportunity, and they have already predicted Ethereum (ETH) to make solid gains throughout 2023.  Uwerx Presale  The digital asset space remains one of the last bastions of fair investment. Due to regulations in the United States, ordinary investors are prohibited from investing in early-stage start-ups with these returns instead going to venture capital funds. A bizarre piece of legislation aimed ‘to protect’ investors. An investor can lose money in many ways; for example, in Las Vegas. Investing in new companies is potentially one of the best investments an individual can make. And crypto still allows this equitable funding model.  Uwerx will launch with a fair presale, allowing all investors the chance to join this project at its initial stage, with the WERX token selling for $0.005. With the potential to become a blue chip project, this could be one of the years most explosive investment opportunities. Analysts

2023-04-02Ethereum

Crypto Analyst Updates Outlook on Bitcoin, Avalanche and One Ethereum Rival That’s Soared 135% This Year

Bitcoin crypto Ethereum  Ina-update ng Crypto Analyst ang Outlook sa Bitcoin, Avalanche at Isang Karibal sa Ethereum na Tumaas ng 135% Ngayong Taon  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  A closely followed crypto analyst is updating his stance on Bitcoin (BTC) and two of Ethereums (ETH) biggest rivals.  The pseudonymous trader Altcoin Sherpa tells his 194,000 Twitter followers that Bitcoin is likely setting up for a pullback and that the $25,000 level probably wont hold.  Ang negosyante sabi ni that Bitcoin bulls are probably better off waiting to buy the dip when BTC goes below $24,000.  At time of writing, Bitcoin is trading for $28,571, sideways on the week.  Looking at alternative layer-1 protocol and Ethereum rival Avalanche (AVAX), Altcoin Sherpa says AVAX is probably ready to take out resistance at $22 and enter a new trading range with a high at $30.  Source: Altcoin Sherpa / Twitter  At time of writing, AVAX is worth $17.22.  Altcoin Sherpa also has his eye on Ethereum challenger Fantom (FTM), which is currently up 135% since the beginning of the year.  According to the analyst, FTM could be gearing up for a fresh rally.  Source: Altcoin Sherpa / Twitter  Looking at the traders chart, the next resistance level for FTM appears to stand at $0.60.  At

2023-04-02Ethereum

Ethereum Validators Have Earned Over $2B in Staking Rewards

Ethereum  Ang Ethereum Validator ay Kumita ng Mahigit $2B sa Staking Rewards  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  Ethereum validators have earned 1.1 million ETH ($2.007 billion) in staking rewards since January 2021, according to Delphi Digital data.  Ethereum validators started staking in 2021, soon after the launch of the Beacon Chain. Since then, their reward has steadily grown as more validators joined the network.  Ethereum Validators Earning (Source: Delphi Digital)Over 67k Validators Joined Ethereum in 2023  Ethereum validators grew by more than 67,000 new validators in the first 90 days of 2023. At the start of 2023, ETH validators count stood at around 495,00 and increased to 562,236 as of the end of March, according to data from beacon scan.  ETH Validators (Source: Beacon Scan)  Interestingly, about five entities dominate Ethereum staking. This concentration has been a source of concern over-centralization and the risks of censorship. But any censorship concerns have yet to materialize, as the number of OFAC-compliant blocks on the network has declined since February.  Meanwhile, over 18 million ETH tokens, representing 15% of ETHs total supply, have been staked. The network has seen increased interest in recent weeks following news that the upcoming Shanghai upgrade would allow validators to withdraw their tokens.  Per DeFillama data,

2023-04-02Ethereum

Vitalik Buterin reveals major challenge for Ethereums future – and how to solve it

Ethereum  Inihayag ng Vitalik Buterin ang malaking hamon para sa hinaharap ng Ethereum – at kung paano ito lutasin  1 araw nakaraan  Balita ng Ethereum ng Bitcoin  Ethereum Co-Founder Vitalik Buterin shared his musing on an “underdiscussed, but nevertheless very important” aspect of the Ethereum ecosystem in a recent blog post this weekend.  The post entitled “How will Ethereums multi-client philosophy interact with ZK-EVMs?” focused on the technical challenges, trade-offs, and potential solutions for creating a multi-client ecosystem for ZK-EVMs.  The multi-client problem with Zk-EVMs  Vitalik believes ZK-EVMs will evolve to become an essential part of Ethereum‘s layer-1 security and verification process in the future. Zero Knowledge (ZK) technology allows developers to prove the authenticity of a transaction or message without revealing any additional information. Thus, it allows one party to convince another that a message is true without disclosing any knowledge beyond the message’s validity.  However, the privacy-enforcing nature of ZK technology could disrupt the broader EVM landscape as Ethereum clients differ subtly in implementing protocol rules, according to the Ethereum Co-Founder.  Layer 2 protocols in ZK rollups have successfully used ZK proofs and helped scale Ethereum by bundling multiple transactions into a single proof. However, as ZK-EVMs evolve to verify execution on Mainnet, “ZK-EVMs de-facto become a

2023-04-02Ethereum

Crypto Whales Accumulating Ethereum Scaling Altcoin by the Millions, According to On-Chain Data

crypto Ethereum  Ang Crypto Whales ay Nag-iipon ng Ethereum Scaling Altcoin ng Milyun-milyong, Ayon sa On-Chain Data  7 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  On-chain data reveals that crypto whales are snapping up the native asset of a hot Ethereum (ETH) layer-2 project by the millions.  Blockchain-tracking firm Lookonchain says that digital asset manager Amber Group sent millions of dollars worth of Arbitrum (ARB) tokens to crypto exchanges OKX and Binance, where they could potentially be sold on the open market.  Source: Lookonchain/Twitter  While Amber Group reduced its ARB holdings, Lookonchain says several crypto whales have been in the process of accumulating ARB. According to the analytics firm, one whale nakolekta a total of 4,048,947 ARB worth $5.7 million from OKX and Binance within the last 48 hours.  Ang pangalawang balyena tinanggap 4,099,517 ARB worth $5.78 million from OKX over the same timeframe. Meanwhile, a third crypto whale naipon 1,003,798 ARB worth $1.41 million from crypto exchange Binance.  At time of writing, ARB is trading for $1.34, trading mostly sideways over the past week.  Lookonchain also recently nakita an Ethereum whale that staked nearly $100 million worth of ETH through a decentralized finance (DeFi) platform.

2023-04-02Ethereum

Analyst Shares What To Look Out for Before Buying Ethereum

Ethereum  Ibinahagi ng Analyst ang Dapat Abangan Bago Bumili ng Ethereum  6 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Benjamin Cowen shared when he believes it will be the right time to buy ETH.  traders should wait for the ETH/BTC dominance to drop to between 0.03 and 0.04 BTC again.  ETH is currently trading hands at $1,818.97 after a 0.33% price decrease.  In their most recent YouTube video, the Altcoin Daily team interviewed quant analyst, Benjamin Cowen, and asked him when he thinks it would be best to buy altcoins, specifically Ethereum (ETH). At first, the analyst took a look at the ETH/BTC chart.  When looking at this chart, Cowen points out the fact that ETH has been posting lower highs. He added that despite this, he believes that ETH will gain some strength against bitcoin, but is convinced it will only happen next year or even in 2025 after ETH experiences another drop in its dominance against the crypto king.  When it comes to the best time to buy the altcoin, Cowen believes traders should wait for the ETH/BTC dominance to drop to between 0.03 and 0.04 BTC again. He also added that he himself will be waiting for the price to reach this level before making

2023-04-02Ethereum

Over 66,000 new validators joined Ethereum in Q1 2023

Ethereum  Mahigit 66,000 bagong validator ang sumali sa Ethereum noong Q1 2023  4 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  In Q1 2023, the Ethereum proof-of-stake network added 66,000 new validators, with the total count growing from 495,270 in early January to 562,236 by the end of March.  Validator count rising  Validators are critical in Ethereum, especially in network security and decentralization. They validate transactions, ensuring no invalid transactions are added to a block.  The increasing number of validators signifies that more individuals and entities are willing to participate, helping make the platform more robust and secure. This could have a bullish effect on the ethereum (ETH) price ahead of the Shanghai upgrade scheduled for mid-April.  Reports indicate that there are about 13,600 physical nodes across 81 countries. Many of them are run by home stakers, providing a high degree of resilience, decentralization, and diversity to the network.  Ethereum validator distribution: NodeWatch  With the total value staked on the Ethereum network having surpassed 18m ETH, it becomes increasingly difficult and costly to attack the network. For a network reorganization to occur, attackers need 51% control over Ethereums processing power to take over and relay new information to all nodes.  To become a validator, an individual or entity must deposit 32

2023-04-02Ethereum

zkEVM can solve verification problems in Ethereum

Ethereum  Ang zkEVM ay maaaring malutas ang mga problema sa pag-verify sa Ethereum  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum, a smart contracting platform powering decentralized finance (DeFi), non-fungible tokens (NFTs) operations, and more, has a problem that cannot be solely solved by layer-2 scaling platforms, its co-founder Vitalik Buterin recently stated.  In a blog, Buterin said though the network is widely used and there are users, it is a challenge to verify mainnet transactions. Challenges arising from this mean not many people can run their nodes and instead rely on trusted third parties, including light clients. Although lightweight clients are essential, the co-founder notes that verifying whether a particular Ethereum validator follows established protocol rules is challenging.  To address these problems, Buterin proposes two options to solve layer-1 verification problems on-chain while improving scalability.  Addressing on-chain verification problems  In the first option, he suggests constraining the mainnet and forcing activity to layer-2. This would require reducing the mainnet gas-per-block target from 15 million to 1 million, with the only function of layer-1 being to verify layer-2 protocols.  While this solution could work, there can be flaws. First, it would render many existing L1-based applications economically unfeasible, and user funds could get stuck due to overwhelmingly

2023-04-02Ethereum
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