Buterin Warns of Consensus Mechanism Risks
Vitalik Buterin, co-founder of Ethereum, warned that using Ethereum’s proof-of-stake consensus mechanism for purposes other than network security could pose significant systemic risks and should be discouraged. Role of Consensus Mechanism The consensus mechanism is the process of validating blocks using the proof-of-stake mechanism implemented with “the Merge” in September 2022. This mechanism allows validators […]
Ethereum Archive Node Service shuts down
ArchiveNode.io, Ethereum mainnet archive node service, has announced that it will cease operations, citing the project’s success after three years of providing blockchain node data services. ArchiveNode.io announced on April 4 that it was “sunsetting” its services after providing free Ethereum mainnet archive node services to developers, students, and researchers for more than three years. […]
Reddit co-founder reportedly paid $15K for 50,000 ETH
Reddit co-founder Alexis Ohanian allegedly paid about $15,000 for 50,000 ETH, or roughly 30 cents for each coin in 2014, during the presale of the cryptocurrency. Reddit co-founder, who departed the social media behemoth in 2020, said in a Forbes piece published on February 21 that his Armenian origin contributed to his attraction to the […]
Vitalik Buterin hopes Solana gets its ‘fair chance to thrive’
Vitalik Buterin, Ethereum’s co-founder says that “smart people” have told him Solana has an “earnest” developer community, bearing this information in mind, he wishes the project gets a fair chance to thrive in the crypto space. In a tweet on December 30, Ethereum co-founder Vitalik Buterin expressed compassion for rival Solana (SOL). According to “smart […]
Ethereum bulls transfer 22,982 ETH after 4 years
About 23, 000 (13,103.99 and 9,878) worth of Ethereum were transferred from two accounts that have been inactive for over 4 years from crypto trading platforms Genesis and Poloniex. Investors in cryptocurrencies often remain with Bitcoin and Ethereum to avoid temporary losses during bear markets. As a consequence, the community is intrigued by the big […]