EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.
Ethereum (ETH) News Today
Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.
Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors.
At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will it be surpassed by other smart contract (or traditional) platforms vying for mind and market share?
Stay tuned.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
4035Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
3734The escalating crisis between Iran and Israel and increased bullish bets on the dollar have heightened investor risk aversion, leading to a downturn in Ether prices.
993ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level.
10040OKX becomes the latest cryptocurrency exchange to launch an Ethereum-based layer 2 network.
2950Bloomberg ETF analyst Eric Balchunas says crypto investors should reign in their expectations over a spate of recently approved spot Bitcoin and Ether ETFs in Hong Kong.
11706Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
5632The current ETH price dip could present a good buying opportunity for short and long-term investors ahead of the Hong Kong Ethereum ETFs.
10427The crypto market is down today due to heightened risk aversion, led by the latest Iran-Israel conflict, which has already caused about $2.5 billion in liquidations.
12538This group has a history of launching numerous projects that attract significant TVL but later abscond with the funds.
13738Bitcoin and other cryptocurrencies fall sharply following Iran’s attack on Israel.
36951Staking Ethereum refers to using staked Ether on the Ethereum network to support the security of other decentralized protocols at the same time.
3249Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
9982On-chain data shows that the Ethereum trader has already transferred the tokens to another crypto wallet.
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