Ethereum Nears $200

Ethereum Nears $200

Ethereum continues to rise more than other cyrptos, up by 4% today while bitcoin gained only 0.7%.

Ethereum rose by another $10 from $188 before reaching the current price of circa $195.

It has stayed at that $195 level for much of the day, but the general trend has been upwards for much of this week and even this whole month.

This trend of rising more than other cryptos is a new development with it unclear what may be causing it, but a general recovery has been occurring throughout all cryptos and even in stocks.

For ethereum that recovery has been a bit faster. One probable reason is that a number of tokens running on eth seem to be a bit frothy.

Hex is an obvious one due to its huge and fast rise, but there are others as bitcoin’s market share has been dropping for much of the week.

Another reason may be the progression towards the ethereum 2.0 testnet with Danny Ryan, the ethereum 2.0 coordinator, releasing a new spec version which he says is “all about tightening it up.”

So they’re just polishing things now as Ryan says: “With our new commitment to backwards compatibility within semi-major versions (thanks Raw Pong Ghmoa!), v0.11.2 is fully backwards compatible with v0.11.1, so keep testing those testnets.”

One single client testnet by Prysmatic has been running successfully for the past week with it now reaching 22,000 validators under live like conditions of 32 testnet eth deposits.

“We only control 59% of the testnet, and we are seeing 97.4% of active validators properly proposing blocks and voting on blocks consistently,” says Raul Jordan of Prysmatic before adding:

“We are seeing nodes with over 300 peers active in the network, while we only run a total of 8 nodes internally at Prysmatic Labs.”

Lighthouse is to launch a single client testnet too hopefully next week, with the major milestone now being the actual multi-client testnet where at least two but preferably three clients “talk” to each other to run the test network together.

We’re nearly in May so June maybe would be optimistic for that multi-client testnet, but it may launch perhaps around that time.

This needs to run for three months without problems, bringing us to around September, so really the new target date for the live launch should be Devcon now.

If there is a Devcon this year, that is, but there should be one in… erm has that been decided?

Well, if it hasn’t been decided then presuming the prospects of the live launch are realistically achievable by Devcon, then it should be in London because that’s where eth1 was launched and maybe bitcoin too because of The Times paper.

Alternatively it could be Berlinas because of its hacker scene, or some other big city because hopefully it will be a big event this year.

Copyrights Trustnodes.com

Source: www.trustnodes.com


Getting Started with Ethereum Wallets

Getting Started with Ethereum Wallets

Every wallet has a public address, which is a string of randomly generated letters and numbers. This address is used to receive Ether. To unlock the funds sent or to transfer them out from your Ethereum wallet, you’ll need a “private key,” a password of sorts used to confirm ownership and sign off transactions.

But, Ethereum wallets are more than just a client for sending and receiving Ether. They are also used for writing, maintaining, and deploying smart contracts.

This guide would take a look at the factors to consider in choosing an Ethereum wallet, the types of wallets, and where each one is applicable and many more.

ethereum

  • Choosing an Ethereum Wallet
  • How to create your Ethereum Wallet
  • Types of Ethereum Wallet
  • Ethereum Software Wallets
  • Ethereum Hardware Wallets
  • Ethereum Paper Wallets
  • Ethereum Desktop Wallets
  • Ethereum Mobile Wallets
  • Conclusions
  • Ethereum

    This could very well be the most significant factor to be considered. Your cryptocurrency wallet will hold access to your funds. You don’t want any unauthorized access, so your wallet’s securityOnce you’ve bought or received bitcoins; you now need to keep them as safe as possible. This guide will provide… More has to be of paramount importance.

    Typically, a crypto wallet should contain one or all of the following security measures:

  • PIN code security lock
  • A seed phrase
  • Two-factor authentication
  • Bitcoin QR ZenGo

    It’s possible for you to lose access to your Ethereum wallet. However, a proper backup option should be in place to help you recover your funds. Most of the popular options provide backup features like a key phrase and email recovering for restoring your funds.

    Your wallet should have a user-friendly interface for optimal ease of use. Functions like sending and receiving Ether shouldn’t take complex processes.

    There are several wallet options out there. Some are free, while others come with a fee. Hardware wallets are especially not free, and you’ll find that most of the options that do have a price generally come with additional security and usage features.

    Ethereum ETH Bitcoin BTC

    It’s also possible for you to create your own Ethereum wallet. The Ethereum platform provides its official wallet service – known as MyEtherWallet, and you can set it up in a few steps:

    Ethereum wallet

    Log on to https://www.myetherwallet.com. You will see several safety reminders, and you should go through them, as they’ll be beneficial in building your understanding of how the platform works and the ways you can protect your funds.

    You’ll find this button on the website. There are three ways of creating a new Ethereum wallet on the platform. They have the MEW wallet (works through the mobile app), Keystore file (which is a file that holds the encrypted version of your private keys), and using mnemonic phrases (a list of 12 to 24 words generated at wallet creation).

    The MEW Wallet is available on both iOS and Android operating systems. You can search for it on the App Store, or follow the link on MyEtherWallet’s website to be sure. Considering that there are many counterfeits, the second option is recommended.

    download from App Storegoogle play download

    create ethereum wallet

    The MEW Wallet app also comes with several tutorials.

    You’ll find a crypto safety guide. It explains some of the tips you can follow to ensure the safety of your private keys, and by extension, your funds. You’ll be entrusting your funds with this wallet; it’s best you take your time to read this.

    Your PIN is a six-digit code that protects access to your wallet.

    Two-factor authentication is an additional layer of protection that you should consider. Of course, you can skip it. But, we recommend you don’t. Once that step is complete, your wallet should be ready. Click on “Finish”. 

    A wallet backup is important, as it will help ensure that you can get your funds back if you lose your device or delete the app. Back the app up and ensure that it’s protected.

    Ethereum wallets come in different types, based primarily on their setup and how they function. There are generally hardware and software wallets, but there are also quite a lot of sub-categories. We’ll be looking into them in this section.

    A software wallet is a program that stores private keys in data files that are easily retrievable by users. When you set your software wallet up, you can access the keys with a password and a user ID or with an encrypted file that was provided to you when you signed up for the service. These types of wallets provide a balance between ease of use and security. Software wallets are susceptible to hacks, but they are still more secure than online wallets, as you get to keep your private keys.

    BTC Bitcoin Proof Keys

    Here’s how most software wallets work:

  • Select a specific wallet and download it to your device
  • Set up your secret Pin and recovery phrase. Both are important, and you will need to keep them carefully
  • Once that is done, your wallet is ready. You can send and receive Ether from then on.
  • Software wallets are usually free to use
  • They’re convenient to use
  • Setup and backup are straightforward
  • Storage is online, so there’s the possibility of a hack
  • Some prominent software wallets for storing Ether include Coinomi, Jaxx, and Etherwall
  • Ethereum software wallets can also be divided into hot and cold wallets. With hot wallets, your private keys are stored online, making your funds easy to access for transactions. But, this added convenience comes at a steep cost.

    Since your keys are online; your funds are just one security breach away from vanishing into thin air. Cold wallets, on the other hand, stores your Ether offline. The only time you provide your keys is when you want to access your funds or interact with smart contracts. This method also puts the security of your funds in your hands. Cold storage is notoriously secure, but it’s not as convenient as a hot wallet.

    Hardware wallets are the most expensive of the bunch, but if you’ve got a large amount of Ether and you’re looking for a great way to store your assets and still have them available to you on the go, these wallets are definitely worth the price. But, as advantageous as hardware wallets are, they are not without flaws.

    It works with a seed phrase and a pin, two of the most important pieces guarding your funds. If one of them is compromised, your Ether could be whisked away. Also, they work with a firmware that often needs installing and updating. This opens up the wallet to several possibilities from an attack standpoint. Every storage solution has its advantages and drawbacks.

  • Hardware wallets are easy to use
  • They’re so far the safest form of storage since they store Ether offline
  • They’re expensive
  • If you lose the seed phrase, you could lose your funds
  • ethereum

    If you’re looking for safety in storing your token, then the Ethereum paper wallet might just be the best choice for you. It’s an online program that generates a set of public and private keys. Once created, they are then printed along with a QR code and stored in a physical form.

    The paper wallet for Ethereum isn’t connected to the Internet in any way. Your keys are not stored on your computer like a desktop wallet. Even if a hacker hits your computer with a ransomware attack, your funds remain secure.

    Generally, paper wallets are known to be the safest methods for long-term storage of Ether.

    There are several platforms where you can create a paper wallet like MyEtherWallet. But, once you’re done creating the paper wallet, you now have to worry about storage to protect the paper from fire, water, and sometimes, yourself.

    One smart way to keep your paper wallet hidden from others is to keep it in a safety deposit box at a bank or in your home, where you know it’s safe. You can also prevent your private keys from fire by engraving the characters on a piece of metal and keeping them in a safe. That way, in the case of fire or flood, you can prevent it from being damaged.

    Here’s how to set up a paper wallet on MyEtherWallet:

  • Go to MyEtherWallet.com
  • Enter a strong password on your wallet app, and ensure that you keep it on a piece of paper and guard it well
  • Then, create your “Keystore/UTC” file. The QR code and keys that you get should be written down too
  • Ensure that your printout contains your wallet address and private key
  • Your wallet is ready to send and receive Ether
  • Paper wallets are free
  • Backup is easy
  • Since storage is offline, the only threat is your losing the piece of paper
  • Lose your private keys, lose your funds
  • The process of sending money is also more complex
  • Ethereum Classic Price

    A desktop Ether wallet or web wallet runs on your laptop or personal computer. You can choose to download a full client with the Ethereum blockchain on it, or you could use a light Ethereum client instead.

    While light Ethereum clients are easier to use, they are not as secure as a full client because they often need additional nodes to send information. Instead, it can get all the information it needs straight from the blockchain and even validate transactions by itself.

    They are safer than online wallets. With desktop wallets, your private keys are not stored on a third-party server. They are stored on your computer. It’s a convenient way to store and send Ether from the comfort of your computer. With desktop wallets, your funds are only as safe as the computer you install it on.

  • Desktop wallets are open-source
  • You can control your private keys
  • it’s easy to buy Ether from a desktop wallet
  • Full-node wallets will need you to download the entire Ethereum blockchain
  • The login process is usually longer, since the wallet will need to sync with the blockchain first
  • Besides, you could lose your Ether if the computer itself gets stolen. It won’t be the first time such an event is happening, of course, so while desktop wallets are fine, you will need to see the physical and digital protection of your computer to protect the wallet.

    Also known as light clients, mobile wallets don’t require you to download the Ethereum wallet before they work. Instead, they rely on nodes to send them real-time information about the network’s current state.

    Mobile wallets are great for Ethereum users who are regularly on the go since they can access their assets at any point. But, they have the same risk as a software wallet and are only as secure as the mobile phones where they’re installed. Some prominent examples of mobile wallets include Edge, Exodus, and Guarda.

  • They’re easy to use
  • Security is also considerable
  • Some of them come with built-in exchanges
  • They don’t have web interfaces
  • Ethereum Price

    Choosing the most appropriate wallet to store your Ether could be daunting. For some, paper wallets might work best. If you decide to go with a paper wallet, ensure you follow the instructions carefully. Paper wallets are almost as secure as a hardware walletgray trezor corazonWhen traders think about cryptocurrencies, they focus more on how they can profit from the price swings. But, what happens… More.

    The best part is that they are free to create, but you have to be careful with how you store them. Remember, they are a piece of paper, which makes them susceptible to fire, water, or spills.

    For those who trade or are constantly transacting, might find peace and effectiveness with online wallets. They are more convenient to use, but you’re entrusting the security of your Ether to a third party, which is a risky adventure.

    The dilemma in picking the right Ethereum wallet is often balancing ease of use with security. Hardware wallets are notable for their ability to store and keep cryptocurrencies safe from malicious actors online. This is why Ethereum wallets like LedgerEducationBlockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless… More and Trezor have become so popular. With the incessant spades of exchange hacks, it’s more crucial than ever to have an Ethereum wallet that’s simple to use laced with layers of protection for the investors.

    Source: beincrypto.com

    Author: Illustrations by A. Gnetova and G. Phan


    After Successful Validation of Genesis Block, Ethereum 2.0

    After Successful Validation of Genesis Block, Ethereum 2.0 “ETH Staking Reward Calculator” Launched

    Barely a week after the genesis block of ETH 2.0 was successfully validated, the ball seems to be rolling following the launch of the network’s reward staking calculator.

    There are several parameters that will be considered when calculating the annual yield but what’s important at this stage is to note that this calculator is based on ConsenSys Codefi’s ETH2 spreadsheet.

    Also, variables and assumptions can be found on the Telegram channel @eth2calculator.

    Ethereum is the first smart contracting platform and with its inception, several projects have successfully launched to clip the platform’s market share without success. In the race to remain dominant and to stand out, competitors boast of a high throughput, a scalable platform with a different consensus algorithm that is energy efficient but still deemed to be centralized.

    The delegated Proof-of-Stake consensus algorithm adopted by Tron and EOS, for instance, introduces the concept of Super Nodes called Super representatives and Block Producers, respectively.

    This, critics say, is the ante-thesis of blockchain, a tech that is anchored on diffusing control and elements of centralization.

    Still, Ethereum plans to shift away and will introduce a solution for scaling through Sharding and even layer-2 options. However, powering this network will be a Proof-of-Stake consensus algorithm, the same algorithm that is used by Cardano.

    At that ideal stage called Serenity–which is estimated will be ready by 2023 after a thorough testing and a challenging transition, will introduce a scalable and energy efficient network suitable for an array of demanding applications like social media apps and so forth.

    Notably, there won’t be any centralization.

    To operate a validating node, a user will need to stake 32 ETH. This is roughly $6,000 at spot rates and unlike other models which demand thousands in validator or masternode, the potential of Ethereum as a leader in smart contracting and specifically the evolution of financial dapps within its network will be attractive for shrewd investors.

    With 32 ETH for staking, the annual yield—assuming a node up-time of 99%, will be 14 percent.

    Therefore, considering the above combination, it came as no surprise that there are 21,958 active validators 10 days after the launch of the Ethereum 2.0 Topaz TestNet.

    This was launched on April 16 by Prysmatic Labs and replaces the Sapphire test network.

    The aim of Topaz, at this stage, is to thoroughly test Phase 0—of the six stages, Proof-of-Stake protocol which will underpin Serenity. Instead of investing on expensive gear, the Proof-of-Stake model requires staking and earning annual rewards for transaction verification.

    Summary

    Article Name

    Ethereum 2.0 ETH Staking Reward Calculator has been launched

    Description

    Days after launch of Ethereum 2.0 Topaz TestNet, the network’s reward staking calculator has been launched.

    Author

    Publisher Name

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    Binance Futures Limited Offer: Use this link to register & get 10% discount on fees.

    Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich

    Source: coingape.com


    Ethereum Sees “Underlying Issues” Arise as Analysts Grow Concerned

    Ethereum Sees “Underlying Issues” Arise as Analysts Grow Concerned

    Ethereum has been able to climb all the back up to its local highs of $190 as its upwards momentum continues to build. This movement has come about after Bitcoin was able to gain a solid foothold above $7,500.

    Today’s upswing has marked an extension of the rally that Ethereum has been caught within in the time following its decline to the sub-$100 region in mid-March.

    Analysts are growing concerned about the strength of its recent uptrend, however, as it has failed to retest its previous resistance levels as support – meaning that it may be positioned to revisit these levels in the near-term.

    At the time of writing, Ethereum is trading up just under 1% at its current price of $189.40, marking a notable climb from its daily lows of $184 that were set during a fleeting dip late yesterday.

    The cryptocurrency is now engaged in a bout of consolidation just below its current resistance at $190. This level happens to be where it rallied to last Saturday before facing a firm rejection here.

    One popular pseudonymous Ethereum-focused analyst on Twitter recently offered a chart showing that the crypto’s major supply zone exists just below $200 – meaning that this could be the level it rallies to before facing a potentially grueling selloff.

    “Tiredness developing on ETH approaching the major supply. Timing will be important but the underlying issue is beginning to show itself,” he explained, pointing to the chart seen below.

    Ethereum ETH

    Image Courtesy of Cold Blooded Shiller

    If Ethereum is unable to garner enough buying pressure to surmount this level, it could be a dire sign that uncovers some underlying weakness amongst its buyers.

    In addition to facing a heavy overhead supply zone that could hamper its price action, the cryptocurrency has also failed to confirm its previous resistance levels as support throughout the course of its recent uptrend.

    This has led another popular crypto trader to note that it does seem likely that its previously intense resistance levels will be retested in the near-term.

    “Incredibly strong recovery here, nearly 30% from the local bottom. – However, genuinely concerned about those resistance levels that were never tested as support – rules are rules, gaps eventually always get closed,” he said.

    Ethereum

    Image Courtesy of Teddy

    Unless Bitcoin continues pushing higher and allows Ethereum to shatter its overhead supply zone, it is possible that this will be enough to spark the decline that lead ETH to retest these previous resistance levels in the days and weeks ahead.

    Featured image from Unsplash.

    Source: www.newsbtc.com

    Author: Cole Petersen


    Ethereum Nears $200

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