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?
In addition to its retail central bank digital currency (CBDC) programs and proof-of-concept Retail CBDC tests with corporate entities, the Bank of Thailand (BOT) will increase the scope of CBDC development focused on retail and enter a pilot phase shortly. One potential use of the “Retail CBDC” in real life will be tested on a … Read more
On Friday, Binance announced that its Binance Card now supports three additional alternative cryptocurrencies. Card users now can access their holdings of Avalanche (AVL), Ripple (XRP), and Shiba Inu (SHIB) (AVAX). “Convert and spend cryptocurrencies in over 60 million online and physical stores” is something cardholders can do with the Binance Card. However, to qualify … Read more
Over 100 countries are now able to integrate Instagram via NFT thanks to Meta. According to a post in the Meta newsroom that was last updated on Thursday, the company that Mark Zuckerberg is leading has started the process of expanding its use of nonfungible tokens (NFT) across one hundred countries in four different regions: the … Read more
One Cool Group’s multimillion-dollar sci-fi action picture Warriors of Future aims to be the first Asian box office success to include a non-fungible token (NFT) collection. The NFT collection, which includes four different types of soldiers and 10,000 unique 3D avatars, is anticipated to be released on August 6. Additionally, the Ethereum (ETH) blockchain will … Read more
According to the CEO of Binance, widespread cryptocurrency acceptance is driven by macroeconomic factors. As per Changpeng Zhao, Bitcoin has strong support near or at the $20,000 price level. He believes the crypto market is generally likely to see further adoption catalyzed by the macroeconomic environment. [C]hangpeng [Z]Zhao says Bitcoin seems to have huge backing … Read more
Just one testnet merger separates the Ethereum mainnet from becoming a proof-of-stake (PoS) blockchain. With the announcement of the last testnet merging to the Beacon chain, the years-long odyssey has reached its conclusion after numerous shadow forks and testnet mergers. With the introduction of the Beacon chain in December 2020, Phase 0 of a three-phase … Read more
The United States of America has emerged as one of the most important countries for mining cryptocurrencies worldwide. The United States of America is now home to several cryptocurrency mining companies that rank among the most successful in the world. As a result of China’s ongoing crackdown on cryptocurrency mining activities over the past few … Read more
Although Ethereum & Ethereum Classic has similar blockchains, they are very different. With a $185.4 billion market cap, Ethereum is the second-largest cryptocurrency by market size. With a $3.4 billion market value, Ethereum Classic is currently ranked at number 22. So what sets them apart? A Hard Fork of Ethereum Produced Ethereum Classic As … Read more
For transactions to be carried out and recorded on blockchains such as the Ethereum Mainnet, fees denominated in the cryptocurrency units of the blockchain must be paid. The native coin of the Ethereum blockchain, Ethereum (ETH), can be purchased through exchanges and be used to cover transaction fees. On test networks like Rinkeby and research … Read more
As of July 24, Bitcoin (BTC) was holding steady at $22,000, and bulls were still hoping for a strong weekly close in the green. Price Concentration Levels at Weekend According to data from TradingView, BTC/USD stopped falling over the weekend at $21,900 and started to move back toward $23,000. The pair maintained a trading range … Read more