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Blockchain Life 2021

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Average ETH Gas Fee Reached new ATH Amid Trading Surge

January 5, 2021 by Anthonia Isichei at Ethereum

With the price of ETH crossing the $1,000 mark for the first time since 2018, the average gas fee on the Ethereum network set a new all-time high (ATH) on Jan. 4. Ethereum Gas Fees Almost Touched $20 According to data from YCharts on Monday (Jan. 4, 2021), the average...

Ethereum 2.0 Smart Contract Deposit Hits $1 Billion

December 18, 2020 by Adeniyi Olowoporoku at Ethereum

Ethereum 2.0 smart deposit contract has exceeded $1 billion in total amount staked. This milestone continues a gradual increase of deposits into the smart contract in the past month. 1.5million ETH Staked A total of about 1.5 million ETH has been staked into the smart deposit contracts according to the...

Trade Code: How to Determine Ethereum Arbitrage Opportunity Using Command Line On Cloud

Eth2 Deposit Contract Amasses Over 60% of ETH Required for Phase 0 Launch

November 23, 2020 by Aisshwarya Tiwari at Ethereum

Ethereum 2.0 launch is on the horizon, almost. Eth2: 60% Loaded Network participation seems to be increasing at a rapid pace for the Eth2 launch. According to the latest stats, the Ethereum 2.0 staking deposit contract has already crossed over 60% of the threshold required for the launch of its...

Ethereum 2.0 Smart Contract Deposit Surpasses 300,000 ETH

November 23, 2020 by Adeniyi Olowoporoku at Ethereum

Ethereum 2.0 appears to be gaining momentum as more investors are staking their ETH in the deposit smart contract. At the moment, the Ethereum 2.0 deposit contract has reached 55% (302,848 ETH) of its target with the bulk of deposits taking place over the weekend. Major Milestone for Ethereum BTCManager...

Ethereum Gas Fees Drops by over 80% as DeFi Craze Subsides

October 5, 2020 by Adeniyi Olowoporoku at Ethereum

Ethereum transaction fees have returned to normal after months of record highs. This could be a sign that the DeFi bubble could be over. Gas Fees Plunge by over 80% Ethereum gas fees had been the subject of discussion within the crypto community with fees reaching record highs in recent...

ETH 2.0 Testnet Spadina Goes Live Amid Minor Technical Glitches

September 30, 2020 by Osato Avan-Nomayo at Ethereum

Spadina, the final testnet step before the fully realized ETH 2.0 mainnet is now live as the second-largest blockchain by market capitalization moves closer to a proof-of-stake (PoS) consensus architecture. ETH 2.0 and other networks pivoting to PoS might make staking to become one of the major activities in the...

Ethereum 2.0 Validator Launchpad Testnet Now Live

July 28, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

The ETH2 research team, ConsenSys, and DeepWork Studio have joined forces to launch the testnet version of the eth2 validator launchpad. The team says the launchpad will make it easier for interested entities to become eth2 validators without compromising on security and education, according to a blog post on July...

Analysts: On-chain Data shows Ethereum is “Undervalued”

May 27, 2020 by Aisshwarya Tiwari at Ethereum

Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued - especially if on-chain data is considered. Four Metrics Prove Potential German research firm BlockFyre notes Ethereum is...

Ethereum 2.0 Launch Inches Closer as Genesis Block Gets Mined on Testnet

April 20, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

The Ethereum team has announced the successful mining and validation of the Ethereum 2.0 genesis block on testnet. Vitalik Buterin and the entire development team are working tirelessly to ensure Ethereum’s transition to the proof-of-stake (PoS) consensus algorithm becomes a reality by July, according to a recent Reddit post. Ethereum...

Ethereum 2.0 Working Testnet Scheduled for April, Buterin Says

March 31, 2020 by Ashwath Balakrishnan at Ethereum

ETH 2.0 is just months away and confirmation of a multi-client testnet has come through from research leads Danny Ryan and Vitalik Buterin. After the protocol underwent its preliminary audit, the ETH 2.0 research and development team will work upon fixing the minor vulnerabilities found by Least Authority, per The Block, March...

Ethereum Plans to Delay Difficulty Bomb on ‘Muir Glacier’ Hard Fork

December 10, 2019 by Ashwath Balakrishnan at Ethereum

Recently, the difficulty bomb kicked in on Ethereum and became ever so noticeable, with average block times increasing by almost two seconds over a month. In response to this, Eric Conner brought the gravity of this situation to the community's attention and drafted EIP 2384. Two days later, Ethereum developer...

ConsenSys handing over a grant to someone

ConsenSys Grants Seven Ethereum Blockchain Projects $175k Each

October 10, 2019 by Ogwu Osaemezu Emmanuel at Ethereum

ConsenSys, a firm that claims to be focused on solving real-world problems with Ethereum blockchain solutions, is dishing out grants of $175,000 to seven credible open-source projects on the Ethereum network through its grants program. This according to reports, October 10, 2019. ConsenSys Shines its Light Ethereum-focused firm ConsenSys has...

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