Cryptocurrency experts said the market had not experienced the most accessible moment since July 23, 2022. Over the past day, the total capitalization of all virtual assets fell by 4.14% to $1.06 trillion. Nevertheless, analysts assured that among the digital assets from the top 100 ratings, several at once managed to add in price and...
Ethereum (ETH) cryptocurrency developer Mariano Conti, who previously held the position of head of the intelligent contract research department at MakerDAO, recalled that back in 2018, experts predicted the collapse of Terra (LUNA). He noted that experts discussed the design flaws of the cryptocurrency in April 2018 and were highly far-sighted. The so-called "Death Spiral" Terra...
The value of the Ethereum (ETH) cryptocurrency surged by 8.6% in less than a day from July 21 to July 22, 2022. The second cryptocurrency was trading at $1638.96 as of 12:30 Moscow time. The market capitalization of the virtual currency is as close as possible to the vital mark of $200 billion, stopping at $199.39 billion....
The current crypto winter is a first for the young DeFi sector. According to the genre's classics, decentralized application tokens suffered more than others due to the market fall. For the 2nd quarter of 2022, AAVE, UNI, CRV, and other DeFi cryptocurrencies fell by an average of 70%. In comparison, Bitcoin lost only 55% of its...
The main thing Etherscan is a block explorer and analytics platform for the Ethereum blockchain. The project was launched in 2015 by a development team from Malaysia. This is an independent organization that the Ethereum Foundation does not fund. The service is designed to navigate the public data of the network: it tracks transactions and displays the results,...
The reliability of blockchain technology is due to decentralized data storage, cryptographic encryption, and consensus algorithm. The complex interaction of these characteristics protects against external and internal threats. However, experts have found that some parts of the code can be changed in non-cryptographic ways (without cracking private keys). This compromises the data stored in the system. The...
Ethereum co-founder Vitalik Buterin announced at the annual EthCC community conference in Paris that he would achieve 100,000 TPS network bandwidth in the future. Speaking at the event, Buterin spoke about the upcoming “Merge” (The Merge), during which the blockchain will switch to the Proof-of-Stake (PoS) consensus algorithm, and presented long-term development prospects. Further updates will include the implementation of sharding...
Specialists from the over-the-counter cryptocurrency platform Cumberland said that the rally in Ethereum in July 2022 was due to fundamental factors and noted clients' increased interest in the asset. “While price movements in the recent past have been technical and largely macro-correlated, the most recent [rally] has been crypto-fundamental: Sepoila’s testnet was successfully transitioned to Proof-of-Stake...
The main thing Curve Finance is a decentralized exchange with automated market maker technology (AMM-DEX), originally launched on the Ethereum network. It was designed to trade efficiently between stablecoins and other tokens of the same value with minimal slippage and fees. CThedecentralized autonomous organization Curve DAO controls the Curve, which consists of CRV governance token holders. Curve is one...
The Polygon project introduced zkEVM, a new technology for scaling transactions on the Ethereum blockchain. The solution uses zero-knowledge proof when bundling transactions. The technology is fully compatible with smart contracts, tools, and wallets of the second largest cryptocurrency by capitalization. zkEVM is in the testing phase, with a launch scheduled for early 2023. “The holy grail of a Web3 infrastructure...
