With just nine hours remaining, the Ethereum’s deposit contract met its threshold of 524,288 Ether — locking ETH 2.0’s beacon chain genesis for Dec. 1.
The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
Ethereum’s beacon genesis event is set to take place on Dec 1, with the ETH 2.0 deposit contract reaching more than 94% of its target with just 12 hours to go.13327
Ethereum price is now the center of attention but options data shows pro traders are still wildly bullish on Bitcoin price.26435
Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP and other large-cap altcoins.14244
XRP has almost doubled its value over the past week.27636
PayPal's new crypto services will streamline business adoption of digital assets, says CEO Dan Schulman.5708
The Switzerland-based branch of a major Russian bank has also joined OpenVASP.11758
Ripple is looking to define its strategy regarding central bank digital currencies.18268
Experts in blockchain technology and crypto take on the question: What impact has the COVID-19 outbreak had on the industry?14533
The concept of decentralization isn’t being given the respect it deserves — and change is needed.8966
A second Bretton Woods era will be even more centralized and even further from a true democracy.16572
MPC is a regulated, fee-centric model that is almost an exact replica of today’s banking system.11698
Bitcoin price is chasing after $19,000 but crypto exchanges’ long-to-short ratio shows top traders exercising caution at these levels.62415
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week's Bad Crypto podcast8136
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race.19147