While more validators could mean more security, community members think too many could be problematic.
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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Ethereum co-founder Vitalik Buterin suggested penalizing validators proportionally to the deviation from their average failure rate.
8828A new method for inscribing data on Ethereum blobs is wreaking havoc on fees for the data-saving feature.
8912Staking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.
5856Need 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.
7057As Bitcoin continued its early stages of development, the largest exchange at the time was on its way to ruin.
5396The Dencun upgrade could be a significant step for mainstream crypto adoption, says Metis CEO Tom Ngo.
1830Despite legal action against KuCoin’s founders and a drastic uptick in withdrawals from the exchange, CryptoQuant CEO Ki Young Ju claims there’s no reason to be overly concerned.
6297A new NFT game built on the Ethereum layer 2 Blast has been exploited for nearly 17,500 ETH.
8337According to a letter for SEC Chair Gary Gensler, leaving Ether in regulatory limbo between the SEC and CFTC could have "irreparable consequences for the digital asset markets.”
14021While CBDCs might be the best option for those nations with existent currencies and mature banks, private stablecoins might help less advanced economies.
16841While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys.
2339“The case is just as strong as it was for spot #Bitcoin ETFs,” Grayscale’s chief legal officer Craig Salm wrote in a post on X.
6063The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
6474Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
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