ETHEREUM
What is Ethereum?
Ethereum is an open-source decentralized platform that introduced the concept of smart contracts into the blockchain space. Through these smart contracts, developers using the Ethereum network are able to create their own decentralized apps and tokens.
Ethereum is an open-source decentralized platform that introduced the concept of smart contracts into the blockchain space. Through these smart contracts, developers using the Ethereum network are able to create their own decentralized apps and tokens.
Mixin Network Urges Hacker to Return Funds, Offers $20M Bug Bounty
Mixin Network, compromised in a $200 million hack, has directly communicated with the hacker, offering a $20M bug bounty for the return of stolen assets. The transaction was confirmed on Ethereum block 18225451. Investigations by cybersecurity firms are ongoing, and the incident has led to debates about security measures in the crypto ecosystem.
Ethereum Developers Discuss Upcoming Testnet and Upgrade Plans
Ethereum's All Core Developers Consensus (ACDC) call #118 on September 21, 2023, focused on preparations for Devnet-9, the second testnet for the Cancun/Deneb upgrade. The call revealed client readiness, Dencun-related tests, EIP 4788 deployment, and a tentative launch sequence for Dencun. The call also discussed the timing of testing and the launch sequence for Dencun on different testnets. The insights highlight the community's efforts to ensure Ethereum's smooth progression.
Polygon Labs Proposes Celo's Transition to Ethereum L2 Using Their Chain Development Kit
Polygon Labs has proposed a technical upgrade for Celo, transitioning from an independent EVM-compatible L1 to an Ethereum L2. The proposal uses the Polygon Chain Development Kit (CDK), an open-source toolset that allows developers to create a ZK-powered L2 for Ethereum. Key benefits include enhanced collaboration, an EVM-equivalent environment, security, low fees, a unified L2 ecosystem, customization, fast transactions, and high standards of support. The proposal aims to achieve optimal technical upgrades for the blockchain community.
Polygon Solutions to Ethereum Scaling Challenges: An Overview
Ethereum's scaling problem is a long-standing issue, with its steady evolution ensuring safety and decentralization. Polygon 2.0 aims to address this by enhancing Ethereum's scalability. Polygon 2.0 consists of Polygon PoS, Polygon zkEVM, and Polygon CDK, designed to be interoperable for swift cross-chain transactions. These chains, which mirror the Ethereum Virtual Machine (EVM), enable developers to develop applications challenging to achieve on account-based systems like Ethereum. Polygon Labs plans to transform Polygon PoS into a zkEVM validium, mirroring Ethereum Virtual Machine (EVM) capabilities.
Ethereum Layer 2: A Simplified Overview
Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.
WOO Network Announces WOOFi's Shift from Near Protocol to Ethereum EVM
WOOFi, a decentralized exchange platform owned by Woo Network, has announced a strategic shift from the NEAR Protocol to Ethereum Virtual Machine (EVM) compatible networks. The move aims to develop a version 2.0 omnichain DEX, integrating centralized finance and decentralized finance sectors. WOOFi Pro will offer a mobile-friendly interface, gasless orderbook trading, and integration with Orderly Network's order books. The platform is set to launch with 10 crypto trading pairs in October.
FTX's Top 10 Crypto Holdings Revealed: SOL, Bitcoin, Ethereum, XRP, APT Lead the Pack
The top 10 digital assets held by FTX account for a dominant 72% of its total crypto holdings. Leading this list is Solana (SOL), with a valuation hovering around $1.2 billion. Following closely are Bitcoin (BTC) and Ethereum (ETH), valued at $560 million and $192 million, respectively. The list further includes significant assets such as APT, USDT, XRP, BIT, STG, WBTC, and WETH. Their respective values oscillate between $1.37 billion and a modest $37 million.
One Whale Trades Majority of Ethereum for Bitcoin
A crypto whale traded 5,500 Ethereum for 344.1 Wrapped Bitcoin (WBTC), valued at $8.85 million, diversifying its portfolio. The whale purchased these 6,541 Ethereum on September 9, 2023, at an average price of $1,630, totaling 10.66 million USDC. The transaction demonstrates strategic planning and market understanding.
One Pepe Coin Whale Liquidates Holdings as Another Opens $PEPE Ethereum Pool
Whale 0x9da executed a significant swap of 452.911B $PEPE tokens for 194.31 Ethereum ($ETH), resulting in a profit of $216K. This follows the whale's initial accumulation of $PEPE tokens from the Huobi exchange. Pepe Coin (PEPE) hit its lowest price since its Binance listing, with its value plummeting to $0.00000082. The crypto market is tumultuous, with Bitcoin potentially dropping to $20,000.
Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced
The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.