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Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

Bitcoin

Bitcoin (CRYPTO: BTC), the world's oldest cryptocurrency, moved lower, falling below the $24,000 mark on Friday. The second-most valued cryptocurrency, Ethereum (CRYPTO: ETH), meanwhile, rose slightly as Ethereum developer Angsar Dietrichs said that the ETH developers had decided to bring forward the scheduled date of the merge from Sept.

Bitcoin Drops Below $24,000 But Ethereum Edges Higher; Here Are The Top Crypto Movers For Friday

The highly-anticipated Merge event on the Ethereum (CRYPTO: ETH) blockchain has been moved ahead by four days. What Happened: Ethereum developer Angsar Dietrichs announced that the ETH developers had decided to bring forward the scheduled date of the merge from Sept.

Ethereum Merge Date Gets Moved Up By 4 Days: Why The Change Is Significant

The native token of the Ankr (CRYPTO: ANKR) blockchain rallied 50% to a three-month high on Thursday. What Happened: ANKR surged from $0.03 to an intra-day high of $0.056 over 24 hours, as per data from Benzinga Pro.

As Bitcoin, Ethereum Mute Again — Altcoin Rallies 50% On News Of Binance Investment

Dogecoin

The rally in major coins simmered down Thursday evening as the global cryptocurrency market cap rose marginally by 0.3% to $1.1 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 0.1% 5.8% $23,962.22 Ethereum (CRYPTO: ETH) 1.65% 16.95% $1,881.43 Dogecoin (CRYPTO: DOGE) -0.3% 5% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price ANKR (ANKR) +48.8% $0.05 Ethereum Classic (ETC) +9.3% $42.3 Ravencoin (RVN) +8.7% ​​$13.5 See Also: Best Crypto Debit Cards Why It Matters: The rise seen in Bitcoin and Ethereum prices, stemmed by lower July inflation numbers, moderated at press time.

Bitcoin, Ethereum, Dogecoin Rally Mutes — Prominent Trader Sees Big Upside In Coming Month With ETH Reaching For $2,500

As tensions with China heat up, Taipei officials leverage decentralized publishing and storage to stay online.

Taiwan Turns to Ethereum IPFS Tech to Thwart Chinese Cyberattacks

The initiative aims to research and develop adaptive regulation for the crypto ecosystem, the government said.

Buenos Aires City to Deploy Ethereum Validator Nodes in 2023

ETH has been accelerating on higher than average trading volume.

Market Wrap: Bitcoin Price Rises but Ether Outpaces as Merge Nears

Following the successful implementation of The Merge into Ethereum's Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th.

ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD' for The Merge

The merge is now expected to take place on September 15 or 16, according to a call today among Ethereum developers.

Ethereum Merge May Be Coming Sooner Than Expected

What happened: On Wednesday a total of 2,397.18 Ether (CRYPTO: ETH) worth $4,551,349, based on the current value of Ethereum at time of publication ($1,898.63), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

2,397 ETH Worth $4M Was Just Burned

The Merge has successfully been implemented into Ethereum's third and final testnet, Goerli, after previously adding Merge support to the testnets Sepolia and Ropsten. The Merge was added to Goerli at approximately 9:45 p.m. (EST) on Wednesday, transitioning to a full proof-of-stake (PoS) network.

Ethereum's Goerli Testnet Implements The Merge, ETH Price Jumps 74% Higher During the Past 30 Days

The co-founder of Ethereum spoke as ETH, the network's native coin, reached the highest levels since June as the Merge passed a test.

‘Hey, Look, It's a Monkey!': Ethereum's Vitalik Buterin Pokes Fun at Ape NFTs, Expresses Optimism About the Merge

Ethereum developers discussed some potential dates in September for the Merge. Also: the Goerli testnet merge post-mortem.

Ethereum's Merge Now Has Tentative Dates

The Ethereum Foundation has suggested possible dates for The Merge, one of the most anticipated events in crypto's history. The post Ethereum Foundation suggests tentative dates for The Merge appeared first on The Block.

Ethereum Foundation suggests tentative dates for The Merge

The second largest cryptocurrency by market cap, Ethereum (CRYPTO: ETH), breached $1,900 Thursday as its last remaining testnet before the Merge went live. What Happened: ETH surged 9% to a two-month high of $1,927, according to  Benzinga Pro data.

Ethereum Hits $1,900 As Final Merge Testnet Goes Live

The latest price moves in crypto markets in context for Aug. 11, 2022.

First Mover Americas: Ether Leads Crypto Markets Higher After Final Merge Test Goes Live

Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday's U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000.

Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900 

The world's second-biggest cryptocurrency reached a price above $1,927 at around 8:20 a.m. ET Thursday, according to data from CoinMetrics.

Ether surges 13% to a two-month high after ethereum inches closer to long-awaited upgrade

Also today, Celsius Network faces criticism from the Justice Department over plans to pay $400,000 in severance to just 19 employees.

Podcast: Ethereum Gets Ready to Face the 'Final Boss'

Galaxy Digital founder and CEO Mike Novogratz says Ethereum (ETH) possesses more upside potential even after surging by over 90% from its 2022 low reached in June. Novogratz says in a Bloomberg interview that Ethereum could rise higher if it manages to break through a key resistance level at $2,200.

Billionaire Mike Novogratz Says Ethereum's Comeback Is Not Over Yet – Here's His Target

The transition to Proof-of-Stake, which has been presented as more scalable and environmentally friendly than Proof-of-Work, has been years in the making.

Ether Surges After Successful Final Dress Rehearsal Before Long-Awaited Merge

Lido DAO

The token backing popular Ethereum staker Lido jumped double-digits after the final test before the merge next month.

DeFi Token Powering Ethereum Staker Lido Finance Jumps 18%

The merge optimism has seen ether rally 60% in four weeks.

Ether Tops $1.9K as Ethereum Runs Final 'Merge' Rehearsal

Ethereum is moving closer to adopting a proof-of-stake model for its network, which is less energy intensive than the existing proof-of-work method.

Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto

Ethereum has just completed the network's final dress rehearsal before the Merge event slated for September.

News for Ethereum Crypto (ETH)