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#cryptocurrency #ethereum #eth

Source: coin4world.com

Ethereum Rollups Will Speed up the Network, Says Vitalik

Extra than simply an interim resolution to Ethereum’s congestion drawback, rollups promise throughput will increase in orders of magnitude.

In an interview on The Tim Ferriss Show podcast, Vitalik Buterin described an L2 resolution that would enhance Ethereum’s processing capability 100x. Referred to as rollups, the answer creates sidechains for processing and storage, then batches the outcomes again onto the Ethereum mainnet. Developed by an organization referred to as Optimism, the answer ought to depart beta testing in a month, Vitalik said.

Vitalik additionally claimed that by the point the community wants extra capability than the rollup resolution can present, Ethereum 2’s sharding mechanism will likely be in place.

Ethereum has an improve, referred to as Berlin, scheduled for Apr. 14, at block 12244000, and rollups won’t be included there. The London improve follows in summer season 2021, however Vitalik didn’t state whether or not the answer would make it in at the moment.

Ethereum clearly must type out its community congestion drawback. The crypto world was surprised when the community clogged up in the course of the Crypto Kitties NFT craze in 2017. The occasion was seen as a shot throughout the bow, however the final resolution, Ethereum 2, noticed subsequent delays in growth and rollout.

The state of affairs got here to a head with the rise of Decentralized Finance (DeFi). DeFi got here of age in 2020, and as decentralized lending and different monetary devices turned extra widespread, the price of transactions and processing time on the community rose accordingly.

The worth of ETH in the marketplace is immediately linked to the price of transactions on the community. At the beginning of March 2021, gasoline costs plummeted practically 70%, and as they did so, the market value of Ethereum rose 11.5% in a day.

Competitors is fierce on platforms serving the DeFi business and in any space the place sensible contracts are helpful. Ethereum’s opponents acquire at any time when its community congests. 

Some alternate options, resembling Ripple, Cardano and XRP, have been round for a very long time. Migration to these networks does occur. Ripple, nonetheless, has issues of its personal within the authorized area. The Securities and Change Fee in america is at the moment suing Ripple and two of its CEOs for promoting unregistered securities.

Binance Good Chain (BSC) is a more moderen competitor profiting from the chance. Binance chairman CZ tweeted in January that DEXs on BSC had been 49x cheaper than Ethereum in 2020.

Source: cryptonewsbtc.org

Atari to Launch a Crypto-Fueled Gaming Platform in the Ethereum Metaverse Decentraland – Blockchain Bitcoin News

In October 2020, the entertainment software company Atari launched a digital currency and later revealed plans to join the Ethereum virtual reality game Sandbox. On March 8, Atari announced that the company is now launching a casino in Decentraland, another metaverse built on Ethereum. According to the announcement, the firm’s gaming platform in Decentraland will showcase classic video games and Atari-themed non-fungible tokens (NFTs) as well.

Back in 1972 and into the early eighties, the brand name Atari was a well known video game console and software firm that created numerous trends. The brand has passed through several owners since its peak in popularity, and Atari Interactive is now a subsidiary of the French publisher called Atari SA.

Over the last few years, the company has been planning a comeback and while doing so it discovered blockchain technology and cryptocurrency solutions. Atari launched its own digital asset in October 2020, and recently the firm has been partnering with blockchain projects like Sandbox.

On March 8, 2021, Atari revealed it has partnered with Decentral Games, the team behind the Ethereum-based Decentraland metaverse. According to the announcement, Atari is planning to build an Atari-themed gaming casino inside an area being constructed in Decentraland called “Vegas City.”

The announcement also reveals that the playing ground Atari will leverage will be leased for a period of two years. The partnership press release also says that the two firms expect bets in the millions to take place in the gaming arena.

Atari’s chief executive officer Frederic Chesnais believes the venture with Decentral Games will “move the Atari gaming experience onto the blockchain.” The Atari-themed gaming platform will feature games that designed to reflect Atari’s most memorable games and non-fungible token (NFT) assets as well.

The entertainment software company is best known for classic video games like Missle Command, Centipede, Asteroids, and Pong. Atari has been making moves with a number of projects and at the end of January, it partnered with Virtually Human Studio (VHS), the creators of the Ethereum-built game Zed Run.

Players will be able to win Atari-themed NFTs leveraging the entertainment company’s casino, and also other digital assets as well. Atari’s announcement reveals that players will be able to earn the native token tethered to Decentral Games, Decentraland’s MANA token, atari tokens (ATRI), and the stablecoin DAI as well.

At the time of publication, a single ATRI is exchanging hands for $0.29 per token. ATRI has a circulating supply of 400,000,100 coins and a market valuation of around $118 million on March 10.

What do you think about Atari’s recent partnership announcement with Decentral Games and the casino coming to Decentraland? Let us know what you think about this subject in the comments section below.

Asteroids, Atari, Atari Video Games, ATRI, Blockchain, Centipede, DAI, Decentral Games, Decentraland, ETH, Ethereum, Frederic Chesnais, MANA, Metaverse, Missle Command, nft, NFTs, Non-fungible tokens, Pong, sandbox

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: news.bitcoin.com

Author: Blockchain

by
Jamie Redman

Ethereum Cofounder Reveals How Radical Upgrade Could Challenge Bitcoin For Crypto

Ethereum, the second-largest cryptocurrency after bitcoin, has soared over the last year, climbing alongside the surging bitcoin price.

The bitcoin price has eclipsed its late-2017 highs of around $20,000 per bitcoin, roaring to almost $60,000 in recent weeks, while the price of ethereum’s ether token has also forged into fresh territory—up 30% from its early 2018 peak.

Now, a proposed upgrade to the ethereum blockchain that will destroy (or “burn”) ether tokens could mean ethereum becomes more “sound” than bitcoin, according to ethereum cofounder Vitalik Buterin.

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Ethereum’s upgrade, known as EIP-1559 and part of a broader move toward ethereum 2.0, will see the network’s current transaction-fee system overhauled, with users sending a fee to the network itself instead of the so-called miners that maintain the network. These fees will then be burned, reducing the overall ether supply—something that is itself a controversial topic among the cryptocurrency community.

“If bitcoin and its fixed supply is sound money, then if you have a decreasing supply, does that make [ethereum] ultrasound money,” asked Buterin, speaking on a recent episode of the Tim Ferriss Show podcast alongside tech investor Naval Ravikant. “Sound money” refers to a currency’s stability and utility as a store of value.

While Buterin called the question a “joke” he went on to explain that there’s a distinct possibility the radical upgrade to the ethereum network, approved by developers last week and expected to be deployed in July, could result in the ethereum supply shrinking.

“If demands to use ethereum is high enough, then there would actually be more [ether] being destroyed than is being created,” Buterin said. “Actually, it’s not even that far-fetched a possibility. If you look at the transaction fees for the last month, they actually have been on a lot of days greater than the block rewards for that day.”

The recent extreme ethereum price rally, that’s seen ethereum add 400% since the wider bitcoin and cryptocurrency market took off in October, comes amid a surge of interest in decentralized finance (DeFi)—using cryptocurrency technology to recreate traditional financial instruments such as loans and interest.

With many of the biggest DeFi projects built on top of ethereum’s blockchain, the token has soared as users flood the network. Meanwhile, the latest cryptocurrency craze for so-called non-fungible tokens (NFTs) has also resulted in heavy traffic on the underlying ethereum network.

When Ravikant warned that these applications being built on top of ethereum may be victim to “hacks … break-ins and failures,” Buterin named the controversial cryptocurrency tether, which is price-pegged one-to-one with the U.S. dollar, as a “ticking time bomb [demon]” for bitcoin—highlighting the long-running competition between to the two biggest blockchain ecosystems.

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Coinbase

While most miners appear to be onboard with ethereum’s planned upgrade, some—including major ethereum mining group SparkPool—have registered their opposition to it.

“I’m concerned by a potential rebellion by the miners, which could weaken the credibility of the ethereum network,” says Richard Johnson, the chief executive of Texture Capital, speaking via email. Johnson added he’s “skeptical” whether the upgrade will have a “meaningful” impact on ethereum fees that have soared over 10-fold during the last 12 months.

Amid the rush onto ethereum, a number of ethereum rivals have emerged in recent months, claiming to offer similar decentralized platforms with faster transaction times and lower fees and looking to capitalize on ethereum’s problems.

“In the current crypto bull run, ethereum looks like it may be becoming a victim of its own success,” Antoni Trenchev, managing partner at digital asset manager Nexo, said in emailed comments. “The huge influx of users, developers, decentralized apps, DeFi protocols, along with the growing NFT craze are storming the blockchain, are making it heavily congested.”

However, Trenchev added he expects to “get a glimpse of that true bull run soon enough after the EIP-1559 release, with the real bulls’ hammer coming down with ethereum 2.0.”

Source: businessnewsindex.com

Author: By Billy Bambrough

Experts Predict Ethereum $2,500 All-Time High Next Week By CoinQuora

is predicted to realize a $2,500 all-time excessive subsequent week.

Simon Dedic, Moonrock Capital Managing Companion, predicts ETH will take all altcoins with it to the moon.

Ethereum just lately reached its highest value in February at $2,000.

Ethereum (ETH) is as soon as once more trending on Twitter, due to many consultants who’re predicting a brand new all-time excessive (ATH) of $2,500 as early as subsequent week.

The highest altcoin has surged over 14% over the past week to $1945.42. That is the best value ETH has reached since its Feb ATH at $2042.98. Though ETH dipped after falling to breach the $2,000 barrier, the altcoin as soon as once more pushed upward to type a Cup and Deal with sample.

Of observe, the cup and deal with sample is a bullish indicator. As such, one analyst predicts it reveals that ETH might quickly surge to $2500.

As well as, Simon Dedic, Managing Companion of Moonrock Capital, tweeted,

“ETH will go to $2500 subsequent week and goes to take all alts with it.”

Many have proven help for this tweet, with nearly 4,000 likes and 500 retweets. Nevertheless, many altcoin followers are curious to know which cash ETH is prone to drag up with it. A number of altcoins have set new ATHs because the begin of the 12 months, main many to consider that 2021 will probably be altcoin season.

Notably, Moonrock Capital is a London-based blockchain and an advisory agency partly recognized for its early wager on Polkadot. In a current Forbes interview, the agency was even credited as a key driver of Polkadot’s success by way of its Polkastarter fund.

This text first revealed on coinquora.com

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Source: cryptocoinerdaily.com

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