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CATEGORY: ethereum blockchain


Apr 10, 2024 12:05

Paradigm Drives $225M Funding Round For Monad Labs, Blockchain Rival To Ethereum, Solana

Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI).  Monad’s Rebuilt Ethereum Blockchain  Per the report, Monad’s initiative is to rebuild the Ethereum blockchain from the ground up, while retaining the ability to execute smart contracts. The project aims to achieve faster transaction speeds, handle higher volumes, and offer lower costs compared to existing networks.  Notably, Monad ensures compatibility with Ethereum’s programming infrastructure, known as the Ethereum Virtual Machine (EVM). This compatibility allows developers to port applications built for Ethereum, ensuring a fluid transition to the new blockchain. Related Reading: Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend Keone Hon, the founder of Monad, stated in an exclusive interview with Fortune that the company has dedicated approximately two years to developing its blockchain solution.  Hon noted that Monad Labs stands out by fully supporting the EVM bytecode standard. Developers use this standard to create decentralized applications (dApps) on platforms such as Ethereum, Polygon, Avalanche, Binance Smart Chain, and Optimism.  According to Avichal Garg, managing partner of Electric Capital, nearly 90% of developers working across various crypto ecosystems focus exclusively on EVM chains.  This statistic, highlighted in a recent report by Electric Capital, demonstrates the significant appeal of EVM compatibility. Although Monad does not undergo a complete redesign of its programming language like some other blockchains, it still benefits from the widespread usage and familiarity of the EVM. Blockchain-Powered Exchanges?  According to the report, Monad plans to launch its mainnet by the end of the year and expects to launch a testnet in the coming months. The company, which currently employs around 30 people, is also looking to launch a native token, although details of its launch alongside the mainnet have not been disclosed. While Keone Hon emphasized the pursuit of mainstream adoption, he pointed out that Monad’s initial use case is likely to be high-frequency trading activity, drawing on his own experience at Jump Trading, a data and research-driven trading firm.  Hon emphasized the need for a highly performant blockchain to enable exchanges on the scale of Nasdaq or Chicago Mercantil Exchange (CME), which process millions to billions of transactions daily. Related Reading: Bitcoin To $150,000 Is Programmed With Halving Approaching: Analyst Lastly, Hon also highlighted the potential for a blockchain with high transaction capacity and low fees to enable various applications, such as gaming. He cited examples where blockchain-based games, such as RuneScape, require frequent updates of player statistics, necessitating low-cost and fast transactions on the blockchain. At the time of writing, ETH was trading at $3,497, down nearly 5% in the past 24 hours.  Featured image from Shutterstock, chart from TradingView.com

Apr 19, 2024 05:55

Ethereum Blockchains Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  [...]

The post Ethereum Blockchains Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge appeared first on Crypto Breaking News.

Mar 17, 2025 04:45

Qubetics Launches QubeQode IDE to Simplify Web3, While Ondo and Ethereum Lead DeFi Best Cryptos to Join This Month!

Discover the latest Qubetics, Ondo, and Ethereum updates. Learn why these are the best cryptos to join this month and how they stand out in the crypto world.

The post Qubetics Launches QubeQode IDE to Simplify Web3, While Ondo and Ethereum Lead DeFi Best Cryptos to Join This Month! appeared first on Kanalcoin.

Apr 27, 2023 04:10

Franklin Templeton’s Fund Launches on Polygon Blockchain

On Wednesday, a global investment managing organization, Franklin Templeton announced the ‘Fund’ is supported on the Polygon blockchain. The ‘Fund’

Apr 26, 2023 07:35

Ethereum Virtual Machine and Its Significance for Blockchain

Discover the Ethereum Virtual Machine: powering dApps, smart contracts, and shaping the future of blockchain.

The post Ethereum Virtual Machine and Its Significance for Blockchain first appeared on StealthEX.

Mar 21, 2023 10:30

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 [...]

The post Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011 appeared first on Crypto Breaking News.

Jan 08, 2023 07:05

Will Ethereum reach $10,000 in 2023?

Ethereum can easily make a strong comeback in 2023. Will Ethereum reach $10,000? Let's analyze in this Ethereum prediction article.

Nov 28, 2022 10:45

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Ethereum is the biggest smart-contract blockchain hosting many ecosystems. Here are 3 reasons why Ethereum will not die and reach 0$.

What is an Ethereum Virtual Machine (EVM) and how does it work?

Author: Cointelegraph By Murtuza Merchant
United States
Nov 27, 2022 04:40

What is an Ethereum Virtual Machine (EVM) and how does it work?

Forming the backbone of the Ethereum Blockchain, EVM provides developers with a run-time environment to build DApps and other applications.

Solana Co-Founder Ignores Questionable Blockchain History, Says SOL Is “Complementary” To Ether

Author: Aishwarya shashikumar
Estonia
Oct 19, 2022 02:30

Solana Co-Founder Ignores Questionable Blockchain History, Says SOL Is “Complementary” To Ether

Anatoly Yakovenko, the creator of the Solana blockchain, has not yet provided a long-term solution for the problems the network has been experiencing lately. He asserts that the blockchain is “complementary” to the Ethereum Network, despite the fact that the second-largest blockchain network in the world hasn’t experienced a significant failure in quite some time. […]

Sep 23, 2022 10:45

Top 5 Decentralized Exchanges (DEX) on Ethereum in 2022 – An Overview

What are the top 5 Decentralized Exchanges (DEX) on the Ethereum Blockchain in 2022 after the merge? Let's take a look at it in more detail.

Sep 21, 2022 07:35

What Are the Different Types of Blockchain Networks?

Review of blockchain networks and token standards: public, private, consortium, and hybrid type blockchains

The post What Are the Different Types of Blockchain Networks? first appeared on StealthEX.

Aug 25, 2022 11:30

What Will Happen On The Day Of The Ethereum Network Update?

Expectation is growing around Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS).

Continue reading What Will Happen On The Day Of The Ethereum Network Update? at DailyCoin.com.

Aug 12, 2022 07:40

Blockchain Applications: A Virtual Technology Goes Real-Life

Take a look at the most popular blockchain applications in real life: Ethereum, ApeCoin, Axie Infinity, and Binance

The post Blockchain Applications: A Virtual Technology Goes Real-Life first appeared on StealthEX.

Ethereum wins ApeCoin community over

Author: Aishwarya shashikumar
Estonia
Jun 09, 2022 07:30

Ethereum wins ApeCoin community over

According to Snapshot data, the ApeCoin community has elected to continue on the Ethereum network. A total of 54% of APE tokens were voted in favor of the project remaining in the ecosystem. Yuga Labs’ virtual land sale in early May temporarily rendered the Ethereum network useless owing to exorbitant costs. Due to high network traffic, […]

Optimism is optimistic about new governance structure

Author: Aishwarya shashikumar
Estonia
Apr 27, 2022 11:00

Optimism is optimistic about new governance structure

The Ethereum scaling startup Optimism announced on Tuesday that it will transition to a new governance structure that will be fueled in part by a dedicated token. The information was revealed in a Twitter announcement thread. The Optimism Collective, which is made up of two parts: a “Token House” and a “Citizens House,” is at […]

Ethereum Bull Run? Here’s How To Purchase $ETH On Binance

Author: Owotunse Adebayo
Germany
Mar 07, 2022 10:55

Ethereum Bull Run? Here’s How To Purchase $ETH On Binance

The crypto sector has continued to gain prominence in the financial market after gaining mainstream attention. This is in no small way, thanks to the activities of the tokens inside the sector. Being the token with the highest value, Bitcoin has continued to lead other tokens since its creation in 2009. Although there has been a barrage of tokens that have entered the market after then, none of these tokens has been able to reach Bitcoin's height. However, one coin that has established its place as the second token in the sector is Ethereum. Ethereum has been able to attract a lot of users with its network undergoing massive growth in the industry. In this article, we will be looking into Ethereum with a guide to purchasing the token on Binance.

What is Ethereum?

Ethereum is a blockchain whose design was made to be open-sourced. Traders use its native currency, Ether, to carry out transactions on the blockchain. Also, the name, Ethereum, doubles as that of its native currency and that of its platform. To simplify this, Ethereum (Ether) is the digital asset that traders invest in to make profits, while Ethereum is the blockchain on which it is carried out. The platform came into existence in 2015 after Vitalik Buterin created it. It is accessible for the public and acts as a ledger that stores public information. Asides from that, Ethereum allows developers to build their apps on its blockchain. Presently, Ethereum has become one of the biggest blockchains for the decentralized finance market in the crypto sector. The native token has been able to cement its place in the second position right behind Bitcoin in terms of market capitalization.

Ethereum Price Movements - Q1 2022

Ethereum has grown a lot in popularity since it burst into the crypto market in 2018. Last year, the digital asset saw a massive climb to establish different all-time highs. The highlight of its movement was creating its present all-time high of $4,800 In November 2021. Over the months, the price of the token moved across $1,000 and upward before settling at the all time high. Even though it is not presently trading at the all-time high, it is well placed above $2,500 at the time of writing.

Fig. 1. ETH/USD Chart on TradingView

Presently, Ethereum is trading at $2,612, with a loss of 2.14% in the last 24 hours. It has a market cap of $314,786,410,097 and a trading volume of $7,786,327,611 in the last 24 hours. Like other assets in the financial market, Ethereum is subject to massive market movements. The volatility in the sector has seen assets lose as high as 50% while gaining that too in a short time. However, Ethereum has only been able to gather its value based on the usefulness of its token and its network. It is also not tied to any external currency, and price moves are based on different factors.

How To Purchase Ethereum On Binance

Ethereum has a track record for bringing in profits in the crypto market. This is judged by its massive price rise over last year. Although it has not gone back to the highs of previous years, it is still doing considerably well. This is a major reason why it is one of the most sought-after tokens in the crypto sector. Ethereum is a very popular asset in the market. This is not hidden, judging by its #2 position according to the market cap on many coin aggregator websites. With this, traders can get this token on various crypto exchanges across the market.

Fig. 3.0 Binance Start Page

Traders can get Ethereum on exchanges such as Coinbase, FTX, Kraken, and Bitfinex. For the sake of this guide, we will be purchasing Ethereum on Binance. Binance is one of the oldest crypto exchanges in the crypto market. The crypto exchange was founded in 2017 by Changpeng Zhao. Binance offers more than 1,000 different coin pairings. Asides from its centralized exchange, it operates a decentralized finance platform called Binance Smart Chain. Below are guidelines on acquiring Ethereum on Binance for trading:

Register Your Account Fig. 3.1 Register Your Account

This step requires deep attention to detail as it is the first in the next few steps. In this step, you will need to enter all your personal information. Before then, you will need to confirm the location where you are accessing the website from. This is to enable the platform to provide you with tailored services to your taste and region. You will then need to fill in your first name, last name, address, phone number, and password. Remember that you must cross-check all the letters and numbers you type. This is to make sure that you make no mistake in this step.

Verify Your Account

In this step, you will need to verify all the details you have provided. This means that you will need to submit a form of identification to verify your names. You will also need to submit a document that has your address to confirm the country you are located in. The last verification is the phone number and email verification. This will allow them to verify you are the owner of the email and phone number by sending 6-digit verification codes to them.

Deposit funds Fig 3.2 Deposit Funds

After all, is done verifying your account, the next step will require you to deposit funds into your account. It is with that fund that you will purchase Ethereum. Remember that you will need to include funds used to offset transaction fees. Binance has a wide list of ways where you can deposit your account. However, some method of deposits depends on the trader's location. As a trader, you are open to using cash transfer, credit card, wire transfer, and peer-to-peer methods, among others.

Buy Your Ethereum

After depositing funds into your account and waiting for it to reflect, you can now move on to purchase your Ethereum. To purchase Ethereum on Binance, you will need to open an order stating the price at which you want to buy your Ethereum. Once the price moves into the amount, the purchase order for Ethereum will be go live. After this, you can access your Ethereum on the in-app wallet on the platform.

Store Your Ethereum

Purchasing your Ethereum means that you can do so many things with the digital asset. You can decide to trade it or keep it for a longer period till it increases in price. You can even choose to use it for payments. However, knowing how to safekeep one's assets is important. Although wallets on crypto exchanges like Binance provide a lot of ease for trade, they are not ideal for storing your assets. This is why you should use offline wallets like Ledger, Trevor, or KeepKey wallets. These wallets are not usually offline, so hackers cannot easily attack them, unlike some online wallets.

Conclusion

Although Ethereum has not been doing well in the market, it is still one of the most sought-after. This is because of its track record of the massive price increase. One of the triggers for that has been its massive adoption by traders in the sector. Asides from that, Ethereum serves as the main currency for exchange on its blockchain, where many decentralized apps are abundant. Ethereum not only has a DeFi sector, but it also provides support to some NFT marketplaces. However, it is paramount to research and diversify one's portfolio when purchasing tokens.

© Cryptoticker

Ethereum tipping is now available on Twitter

Author: Aishwarya shashikumar
Estonia
Feb 18, 2022 10:55

Ethereum tipping is now available on Twitter

Twitter has chosen to accept Ethereum (ETH) addresses to be added to its site so that people can offer tips and demonstrate backing for a Twitter user’s thoughts. This follows after the microblogging site included Bitcoin transactions to its Tips Jar function a few months ago. Jane Manchun Wong, a reverse engineering expert, stated in […]

NFT profile pictures confirmed for OnlyFans

Author: Aishwarya shashikumar
Estonia
Feb 12, 2022 10:55

NFT profile pictures confirmed for OnlyFans

OnlyFans, a prominent adult membership network, will now allow users to upload verified non-fungible tokens (NFTs) as profile images. The platform will only handle tokens created on the Ethereum blockchain, and non-fungible token profile images will have an Ethereum emblem to indicate that they are genuine. According to Reuters, which broke the story first, the corporation introduced […]

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