Cardano to Launch Smart Contracts Today by Implementing the Alonzo Hard Fork
Cardano’s Alonzo hard fork has its skeptics. Cardano will usher in smart contracts at 21:44:51 UTC tonight by implementing the Alonzo hard fork. However, several decentralized applications have been delayed due to design issues, and Alonzo may only go live with a “few toy smart contracts” developed by Cardano’s creator. Smart contracts, which are self-executing […]
Layer-two scaling protocols for Ethereum surges more than BTC
With an average gas price of $40 per gallon, it should come as no surprise that layer-two platforms are seeing an increase in utilization. According to new studies, the use of layer-two scaling protocols for Ethereum has increased dramatically in recent months as gas prices have risen again. The L2 ecosystem is now processing more […]
$1 billion has been invested in Ethereum Layer 2 Scaling Solutions
Second-layer scaling solutions are designed to help Ethereum users deal with network congestion, and they’re becoming increasingly popular. According to layer two ecosystem tracker L2Beat, second-layer scaling solutions designed to combat network congestion on Ethereum are flourishing, with over $1 billion locked up in scaling protocols. Crypto exchange dYdX is at the top of the […]
‘ethburned.info’ Report Shows More Than 200,000 Ethereum Burned by EIP-1559
The Ethereum blockchain is burning up According to the latest available data, the amount of Ethereum destroyed by EIP-1559, a recently deployed update that burns transaction fees that were previously paid to miners, has topped 200,000 ETH (equivalent to around $675 million at the prices at which it was burned). According to ethburned.info, a total […]
Mike McGlone says Bitcoin is a global reserve asset on its way to $100K
The digital assets market, which is dominated by Bitcoin and Ethereum, is expected to reach new highs following a major correction, according to an updated report from Bloomberg. Billion-dollar Bitcoin (BTC) is still on the table, according to Bloomberg’s senior commodity strategist Mike McGlone, who believes that the first-born cryptocurrency is well positioned to replace […]