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.

Ether rallies 6% in catchup trade as investors position for January

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Solana

Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms.

Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes

Ethereum co-founder Vitalik Buterin proposed three ways of solving a potential pain point related to Ethereum's consensus mechanism.

Vitalik Buterin proposes three ways to make Ethereum's proof of stake design simpler

Arbitrum

Polygon

Optimism

Ethereum is up significantly today, but the tokens behind projects that make the ecosystem faster and cheaper to use are doing even better.

Ethereum Jumps, But the Real Winners Are Optimism, Arbitrum, and Polygon

Ether could outperform bitcoin in 2024, driven by specific developments and its role as a leading smart contract platform.

Ether could outperform bitcoin in 2024, analyst says

Bitcoin (CRYPTO: BTC) edged higher, with the cryptocurrency prices trading above the $42,800 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,200 mark this morning.

Ethereum Moves Higher; Bitcoin SV Emerges As Top Gainer

Ethereum's market behavior on Dec. 27, 2023 presents a complex tapestry of signals for traders and investors alike. Oscillating within a 24-hour price range of $2,189 to $2,290, Ethereum demonstrated a consolidation phase, subtly hinting at both potential gains and imminent cautions.

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Ethereum has emerged as a game changer in digital currencies, completely transforming our perception and engagement with the digital economy. As of December 13, 2023, the total market capitalization of cryptocurrencies is a whopping $266.92 billion, signifying a shift of 1.04% compared to the previous day.

Ethereum Is A Budding Force In The Digital Economy

Tron

The stablecoin issuer Tether has minted $8 billion worth of USDT on Ethereum (ETH) and Tron (TRX) in the past three months, according to the crypto tracker Lookonchain. Lookonchain notes the Tether treasury just minted $1 billion in USDT on Ethereum on Monday.

Tether Mints $8,000,000,000 in USDT on Ethereum (ETH) and Tron (TRX) Within Three Months: On-Chain Data

The Dencun upgrade includes several tools aimed at reducing fees, including the highly anticipated "proto-danksharding" upgrade which will reduce layer-2 fees.

Ethereum's Dencun Upgrade To Begin Testing on Goerli Testnet on January 17

Bitcoin

Dogecoin

Major cryptocurrencies dropped in value on Tuesday evening as the Bitcoin market experienced no significant surprise during the Christmas holiday, as the so-called “Santa rally” failed to materialize, leaving Bitcoin bulls disappointed.

Bitcoin Ethereum, Dogecoin Tumble As Santa Rally Fails To Materialize: Analyst Says 'Consolidation Is Next' For King Crypto

The total value locked (TVL) in Base, Coinbase's Ethereum (ETH) layer-2 scaling solution, has hit a new all-time high, reaching nearly $750 million.

Coinbase's Ethereum Layer-2 Solution's Total Value Locked Hits New All-Time High, Reaches $742,000,000

Solana, which soared past the $100 mark over the weekend, has cooled slightly. SOL is trading for $109.20—down 11% in the past day.

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Cryptocurrency analyst Altcoin Sherpa has reportedly increased his holdings for Solana (CRYPTO: SOL) despite suggesting that it might not be the optimal time for such an investment. What Happened: Altcoin Sherpa anticipates that the cryptocurrency, often regarded as a competitor to Ethereum (CRYPTO: ETH), will maintain its upward trajectory into 2024.

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Former Goldman Sachs executive Raoul Pal believes that Ethereum (ETH) is poised to outperform Bitcoin (BTC) over the coming weeks and months as investors move their capital within the crypto markets to generate more gains.

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A blockchain monitoring and analytics platform said that Tether (CRYPTO: USDT) Treasury has generated an additional 1 billion USDT tokens. What Happened: The event was logged on the Ethereum (CRYPTO: ETH) network and represents a sizable expansion to Tether's existing supply.

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The price of Ethereum (ETH) has remained in the bullish trend zone after its failure at the overhead resistance of $2,400.

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Ethereum's rival Near Protocol (CRYPTO: NEAR) is currently trading below its true value and is primed to join the ranks of the top 10 largest crypto assets, predicts a prominent crypto strategist. What Happened: The Crypto Dog, a well-known crypto analyst, shared his insights with his 750,500 followers on X social media platform, as reported by The Daily Hodl on Monday.

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A top crypto strategist says that a significant correction may be brewing for both Bitcoin (BTC) and Ethereum (ETH). Pseudonymous trader Bluntz tells his 233,200 followers on the social media platform X that BTC and ETH appear to be in the midst of an ABC corrective pattern.

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Worldcoin 

The cryptocurrency Worldcoin (CRYPTO: WLD) has surged by 10% in the last 24-hour period, overtaking both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in gains on Christmas Day. What Happened: Cryptocurrency analyst Ali Martinez said on Worldcoin's bullish movement, “Worldcoin shows signs of a breakout from a bull flag on its 4-hour chart!

Sam Altman's Worldcoin Rallies On Christmas, Outperforms Bitcoin, Ethereum As Technical Indicators Turn Bullish

Major cryptocurrencies had a mixed trading day on Christmas. Cryptocurrency traders who bet on shorts didn't have a good day today.

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Major cryptocurrencies experienced a slight dip on Christmas Eve due to the decrease in trading volume expected during the holiday season. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

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An analyst who nailed the end of the 2021 Bitcoin bull market believes that Ethereum (ETH) will rally behind a catalyst that's been overshadowed by the potential approval of a spot market BTC exchange-traded fund (ETF).

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A crypto strategist who nailed the top of the Bitcoin (BTC) bull market in 2021 believes that one Ethereum (ETH) scaling solution that's trading under the radar will see a burst to the upside. Pseudonymous crypto strategist Pentoshi tells his 727,200 followers on the social media platform X that he's bullish on Arbitrum (ARB).

News for Ethereum Crypto (ETH)