Ethereum

Ethereum’s new fee model as a solution to higher Gas costs

Ethereum’s new fee model as a solution to higher Gas costs

It’s a raising problem to the people running programs on Ethereum network as the cost of Ethereum has increased some 500% since April.  The increment in gas fee issue needs immediate fixing if dapps can be run reliably on the world’s leading smart-contract blockchain. There is an update proposal namely Ethereum Improvement Proposal (EIP) 1559 …

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PlusToken’s transfer of ETH leads to Ethereum Price sell-off

PlusToken’s transfer of ETH leads to Ethereum Price sell-off

PlusToken, which was a Chinese cryptocurrency Ponzi scheme which posed as a cryptocurrency wallet and is one of the largest scams in the cryptocurrency world, attempted to move 789,500 (ETH) through a trick, but the stroll of these stolen funds were temporarily held up by congestion issues within the Ethereum Network. They tried to disguise …

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Ethereum 2.0 some improvements with PoS introduction

Ethereum 2.0 improvements with PoS introduction

Ethereum follows a roadmap and a team works behind it to keep it on track. Even though Ethereum’s offerings like Ether (ETH), smart contract and tokenization capabilities offer a ray of possibilities, it is also stricken with some issues like network congestion, relatively low transaction times and throughput, large blockchain size and excessive electricity use …

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Ethereum is less private than Bitcoin, True or Not?

Ethereum is less private than Bitcoin, True or Not?

Because of the practice of wallet reuse, Ethereum’s account model unlikely to Bitcoin’s unspent Transaction Output (UTXO) already makes it less private. Reinforcement of address-reuse in the account-based model makes the account based cryptocurrencies inferior to UTXO based currencies from a privacy point of view. A unique feature of Ethereum A feature that differ Ethereum …

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Reddit Runs Experiment on Ethereum for Token-Based Systems

Reddit Runs Experiment on ETH for Token-Based Systems

Reddit, an American social news aggregation, web content rating and discussion website, is running an experiment with community points that gives power users extra benefits and these community points are hoarded using Ethereum’s ERC-20 token standard. The website will soon release a list of users along with their karma every four weeks. They are also …

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Ethereum 2.0 is to go live in 2020- Ethereum's Bazaar Update

Ethereum 2.0 is to go live in 2020- Ethereum’s Bazaar Update

It is expected that 2020 is Ethereum 2.0’s year of delivery with the genesis of the beacon chain in the early part of the year. Hopefully, the delivery at its initial stage will be accomplished with three or four production-ready clients and 500,000 ether staked. Ethereum’s superpower is that it keeps ensuring and delivering its …

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