With the launch of Ethereum in the summer of 2015, the use cases for blockchain technology and cryptocurrencies were intended to be broadened beyond the original purview of Bitcoin to include all fashions of decentralized applications, including crowdfunding, permissionless financial services, and new organizational models.
As a “universal machine,” Ethereum was intended to let programmers create and run apps enabled by smart contracts, which are programmed protocols that ease the exchange of digital assets.
We at CryptoAnnals are tracking the development of the Ethereum community. Will it become a crucial component of the network for a freer, more open internet? Or will it lose out to competing smart contract (or conventional) platforms battling for customers’ attention and market share?
Vitalik Buterin, one of Ethereum’s co-founders, has dropped hints that the much-anticipated integration ‘The Merge’ could take place around the 15th of September. The merge, which refers to the shift from a proof-of-work (PoW) consensus method to a proof-of-stake (PoS) consensus mechanism, is widely considered to be the most significant software upgrade in the Ethereum … Read more
Privacy supporters consider Crypto mixers an essential piece of equipment for maintaining anonymity. Officials in the government refer to crypto mixers as instruments of money laundering. Crypto mixers have been responsible for transferring billions of dollars worth of cryptocurrency. As a result of penalties announced by the Treasury Department against Tornado Cash, an Ethereum crypto … Read more
Popular privacy coin throughout the weekend, Monero successfully completed a hard fork that included several new privacy and security features. In April of this year, developers made the initial announcement regarding the non-contentious hard fork, which was finished at block 2,688,888. After being scheduled to take place in July, it was moved to August 13 … Read more
The Fight Against Tornado Cash Is Only in the beginning. This past week, the United States government delivered a devastating blow to the entirety of the cryptocurrency industry. Tornado Cash, a cryptocurrency mixer, was sanctioned by the Treasury Department, along with several crypto wallet addresses affiliated with the service. Because of this, the protocol and … Read more
The price of Ethereum has surpassed $2,000 as the network nears the merge event. According to data provided by CoinMarketCap, the cryptocurrency known as Ethereum (ETH) kept its upward momentum and, late on Friday night, recaptured the level of $2,000 for the first time since May. At the time of this writing, the value of … Read more
Defi lending protocol Maple Finance has initiated a liquidity pool with a total value of thirty million dollars, which is supported by Maven 11, a crypto-native investment firm based in the Netherlands. Maven 11 has announced that the introduction of the lending pool will assist institutional businesses in their search for new income alternatives. Liquidity … Read more
The cryptocurrency exchange Zipmex will reopen its withdrawal services for bitcoin and ether. After temporarily banning withdrawals in July, troubled cryptocurrency exchange Zipmex has scheduled the release of Ethereum and Bitcoin for the 11th and 16th of August, respectively, according to a notice made by the company. In accordance with the notification, “We will be … Read more
After recent conversations with the governments of several nations, the CEO of Binance, Changpeng “CZ” Zhao, pointed out the drawbacks of having separate cryptocurrency markets. As Binance continues to expand its operations around the world, the CEO of the global cryptocurrency exchange has been more involved in having policy-related conversations with a variety of nations. … Read more
A cybersecurity company has made warnings about a new phishing campaign that is aimed at users of the popular cryptocurrency wallet MetaMask. Luis Lubeck, a technical education specialist at Halborn, explained in a piece published on Thursday that the active phishing campaign targeted users of MetaMask by sending them emails to get them to reveal … Read more
Blockchain games, as well as the Metaverse, were able to “circumvent” the “Lehman brothers-like” collapse of Terra in May, according to a report; however, decentralized finance (DeFi) or nonfungible tokens (NFTs) were not as fortunate. According to a report published by decentralized application (DApp) data aggregator DappRadar, the breakdown of Terra in May was comparable … Read more