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Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum's Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum's scalability.

Ethereum's Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability

While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire.

Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?

Arbitrum

Polygon

Ethereum's Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks.

Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live

Blast, a new Ethereum layer two (L2) scaling solution, paused its block production due to issues arising from the recent Dencun upgrade on the Ethereum mainnet, with its team diligently seeking a fix. Since launching its mainnet on Feb.

Blast Network Temporarily Halts Amid Dencun Upgrade; Fix Deployed

Buzzy Ethereum layer-2 network Blast stopped producing blocks Wednesday after the launch of Ethereum's Dencun upgrade. Here's the latest.

Ethereum Layer-2 Blast Suffers Outage as Dencun Upgrade Goes Live

Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.

Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked

Blast, which is built atop Ethereum and therefore intrinsically linked to it, posted on X that its mainnet "has stopped producing blocks due to issues related to Ethereum's Dencun upgrade."

Blast Blockchain Locks Up Amid Ethereum's Dencun Upgrade

The Blast network, a Layer 2 network built on Ethereum, has stopped producing blocks following Ethereum's Dencun upgrade.

Blast network stops producing blocks due to issues related to Ethereum's Dencun upgrade

Ethereum core developers have implemented the Dencun upgrade — introducing “blobs” on the blockchain's mainnet.

Blobs unleashed: Ethereum's Dencun upgrade activates on mainnet

A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.

Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees

Developers say the upgrade will make transaction costs so low on layer-2 networks that gas fees might become a thing of the past.

Dencun Upgrade Goes Live, Ushering in New Era for Ethereum

The price of Ethereum (ETH) has reached the psychological mark of $4,000, but has been unable to hold above this level.

Ether Is Overbought And Price Reaches A High Of $4,000

ARB token has gained 11% and OP has climbed 4% in the past day.

Ethereum L2s Arbitrum, Optimism and Polygon See Gains Ahead of Dencun Upgrade

QCP's sentiment towards ETH is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market.

Ether Could See Price Correction After Dencun Upgrade, QCP Capital Says

Bitcoin

Dogecoin

Major cryptocurrencies took a slight breather on Tuesday evening amidst a sudden surge of volatility in the cryptocurrency market. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

Bitcoin, Ethereum, Dogecoin Drop Amid Hotter-Than-Expected CPI Data: Analyst Says The Next Key Level For King Crypto Is $83K

Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May.

Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May

Binance is planning on rolling out support for a new decentralized finance (DeFi) staking protocol via its Launchpool platform. The top crypto exchange platform in the world by volume says its 49th Launchpool project will be ether.fi (ETHFI), a decentralized and non-custodial Ethereum (ETH) liquid staking platform.

New Upcoming Ethereum Altcoin Project Earns Support From Binance Launchpool

Firms in Hong Kong reportedly hope to leapfrog US companies and get a leg up on the market by rolling out Ethereum (ETH) exchange-traded funds (ETF) first. The Hong Kong news outlet Sing Tao Daily, citing “industry insiders,” reports that spot ETH ETFs are under “intensive preparation” in the jurisdiction.

Firms in Hong Kong Looking To Issue Ethereum (ETH) ETFs Before US Gets Approval: Report

Ether.Fi has shot to the top of the list of crypto's hottest projects as the biggest liquid-restaking protocol by total value locked, or TVL.

Ether.Fi to Introduce ETHFI Token on Binance Launchpool Next Week

What to Expect From Ethereum's Latest Massive Upgrade: Dencun

The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum.

Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees

One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world's largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits.

Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

Pepe

Shiba Inu

Tesla investor Ross Gerber took to X, formerly Twitter, to caution the younger generation about the pitfalls of investing in lesser-known cryptocurrencies, commonly referred to as “sh*tcoins.” What Happened: On Monday, Gerber took to X and urged them to focus on established cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), referring to them as the king and queen of the crypto world.

Tesla Bull Says Don't Fall For 'Sh*tcoins' Like DOGE, SHIB, PEPE: 'Stick To The King, Bitcoin. Or Queen, ETH'

The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Ether Options Traders Prepare for Downside

By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.

News for Ethereum Crypto (ETH)