Category Archives: ETH

Upgrading Ethereum: 2.0 and the Quest for Scaleability

Developers have long wanted Ethereum to serve as a decentralized world computer. To achieve this goal the network must maintain its current decentralized architecture while scaling by multiple orders of magnitude. The blockchain can currently handle just 15 transactions per second (tps). In order to serve the global population and the coming deluge of robots and autonomous devices, developers have a lot of work on their hands. Continue reading Upgrading Ethereum: 2.0 and the Quest for Scaleability

Despite Crypto Comeback, Prominent Investor Doesn’t Expect Ethereum 2.0 Until 2021

Per CoinTelegraph, during a panel headlined “The Smart Contract War Is Coming”, Ryan Selkis of data analytics startup Messari drew attention to the shortcomings of PoS. He claimed that the consensus mechanism, which gets rid of energy-chomping miners for entitled full nodes that can process Ethereum blocks, is “not proven to work.” Selkis, who is the CEO of the aforementioned firm, adds that Ethereum’s current Proof of Work (PoW) system may be “even good enough” for long-term scaling. Continue reading Despite Crypto Comeback, Prominent Investor Doesn’t Expect Ethereum 2.0 Until 2021

Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

This past week, Ethereum price struggled on many occasions to clear the $172 resistance against the US Dollar. However, the recent sharp rise in bitcoin price above the $7,000 level triggered an upside break. The ETH/USD pair broke the $172 and $178 resistance levels to move into a positive zone. The upward move was strong since the price even surged above the $190 level and settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the $200 level and a new monthly high was formed near the $206 level. Continue reading Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

Deloitte Ditches Ethereum for VeChain, Brags Beating Bitcoin Transactions

VeChain, which uses Proof of Authority rather than Proof-of-Work, clocked in more transactions than Bitcoin on Saturday. A
Reddit user noticed and raised the celebratory alarm; Deloitte executive Cillian Leonowicz then claimed the activity via LinkedIn,
writing: Continue reading Deloitte Ditches Ethereum for VeChain, Brags Beating Bitcoin Transactions

Elon Musk Shills Ethereum, Price Goes from Red to Green

Elon Musk might have the SEC breathing down his neck about Tesla, but he’s having some fun with crypto Twitter. In a one-word tweet, he single-handily drew in the entire crypto community to his thread. The Tesla CEO simply said “Ethereum.” After he let the cat out of the bag, the ETH price started moving, erasing declines that have weighing on the second-biggest cryptocurrency all day and turning them into gains, albeit briefly. Elon Musk might want to tread lightly or he’ll get the SEC after him yet again for a completely different reason this time. Continue reading Elon Musk Shills Ethereum, Price Goes from Red to Green