Blockchains are usually referred to as either a Layer-1 or Layer-2 solution. Layer-1s are the base layer of an ecosystem such as Ethereum, Cardano, or Solana. Layer-2 solutions are anchored to Layer-1 blockchains and provide scalability. Layer-3s can also exist; however, you cannot stack another layer on top of Layer 2 to add even more … Read more
Tokens are the élan vital of Web3 networks, and projects are often perceived through the price at which they trade. But token price, subject to market sentiment and speculation, is not synonymous with token value. To understand the fundamentals, we must first unpack the different ways that value accrues to tokens in the new Internet … Read more
GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed, ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative sum … Read more
Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a commentary … Read more
The Poloniex exchange has named EthereumFair (ETF) as the ETH Proof-of-Work (PoW) forked chain as the principal one it will support, according to a Sept. 15 statement. Previously, Poloniex voiced support for ETHW but said it changed its mind as ETF is “supported by the community’s majority.” Poloniex added that it will continue to support … Read more
Warning: There is a risk of relay attacks on individual users’ wallets if the ETHPoW ChainID is not updated as planned. Such attacks will cause users to lose $ETH equivalent to the ETHPoW sold. Recent concerns over The Merge were exacerbated after discovering that the Ethereum proof-of-work chain had not updated its ChainID to a … Read more
A member of the Coinbase team had to comment on the ETHPoW GitHub repository to get the team to clarify how the forked chain will be set up. Currently, the repository has not updated the ChainID of the network to one that differs from Ethereum Mainnet. We’ve reached the point in the ETHPoW saga where … Read more
Ethereum Classic (ETC) fell by 13.33% since Sept. 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum’s founder Vitalik Buterin said that ETC’s welcoming community made it a good coin to mine. ETCUSD ETC had been trading as high as $41.52, but it fell by 19.73% within half a … Read more
Fireblocks, the award-winning provider of digital asset and crypto custody technology, and Tokeny, the leading tokenization solution provider, announced their partnership to provide a turnkey and enterprise-grade solution for tokenization using the ERC-3643 market standard on Polygon. Institutions seeking to mint and manage permissioned tokens such as digital securities, stablecoins, and loyalty tokens can rely … Read more
Ethereum Founder Vitalik Buterin suggests the idea of private NFTs whereby the owner would not be known through blockchain data. The concept was added to an Ethereum Research post focused on adding an “ERC721 Extension for zk-SNARKs.” Idea: stealth addresses for ERC721s. A low-tech approach to add a significant amount of privacy to the NFT … Read more
