The upgrade promises to deliver negative carbon output across the platform.
Hard Fork News
During a hard fork, blockchain networks split into two different chains. A cryptocurrency hard fork results in two blockchains, in addition to two separate assets: the original and the forked asset. Cryptocurrency hard forks can be a benign, consensual upgrade spearheaded by the community, or the culmination of bitter debates that split a community into two separate chains and assets.
Multiple notable contentious hard forks have occurred over the years. In 2016, as the result of a hard fork, Ethereum (ETH) split in two, resulting in Ethereum and Ethereum Classic (ETC). And in 2017, due to another hard fork, Bitcoin (BTC) split into Bitcoin and Bitcoin Cash (BCH). Developers may cooperatively implement hard forks based on consensus from multiple parties. Communities may choose to hard fork cryptocurrency for a number of reasons, such as improving network speed.
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Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October.
39700After the market “sells the news” after the successful Cardano Alonzo hard fork, there is a slow realization that real utility could still be on the distant horizon for the network.
21034One third-party explorer puts the number of time-locked Cardano smart contracts over 2,000.
96993Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts.
76916Ethereum’s London hard fork went live on Sunday. The transition has important implications for mining pools, which have begun deploying miner extractable value solutions to increase revenues.
3225POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.
17643The bearish outlook appears also as Cardano’s daily RSI reflects overbought sentiments. However, the euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin are keeping the upside hopes intact.
50141The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit.
101975The London hard fork comes with five EIPs. Most importantly, EIP-1559 impacts transaction fees and miner revenue, but how significant is it?
7080The London hard fork sets Ethereum up for a new era as ETH price continues to make gains alongside a positive community reaction.
15516An on-chain indicator, notorious for accurately predicting Ether tops, returns amid the ongoing price rally.
78013New York Stock Exchange-listed company Ethan Allen Interiors Inc. has changed its ticker from “ETH” to “ETD” to avoid confusion with Ether.
8245At current burn rates, 2.3 ETH per minute, or $6,600, is going up in smoke.
60932$357 million in ETH options expire on Friday, and bears don’t stand a chance, given that every neutral-to-bearish put is underwater.
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