Not all Ethereum users are excited to stake on ETH2’s Beacon ChainBTC $10,669 (+3.7%) • ETH $347 (+5.6%) • XRP $0.24 (+4.3%)
The launch of Ethereum 2.0’s first phase (a.k.a. “phase 0” or “Beacon Chain”) is rapidly approaching. As reported by CryptoSlate, Raul Jordan of Prysmatic Labs, a developer group working on the Ethereum 2.0 integration, recently said:
The Ethereum Foundation‘s Danny Ryan doubled down on this launch date in a recent blog. Ryan noted that he and Vitalik Buterin, the founder of the blockchain, recently published the Ethereum Improvement Proposal for the upgrade, suggesting it “coming soon.” Audits are also being completed to ensure that the code for the upgrade and the staking mechanism is safe. To many, this is a good thing: over recent weeks, the Ethereum blockchain has seen immense congestion due to a parabolic uptick in DeFi. This congestion has shown that there is a need for Ethereum scaling solutions. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬How Chainlink’s newest partnership will combat a global $19 billion fraudDecentralized video platform Theta Labs is collaborating with smart contract giant Chainlink to fight the estimated $19 billion global issue of online video ad fraud, according to a release shared with CryptoSlate. DeFi is spreading beyond Ethereum: Single Neo app gains $300m after launchThus far, decentralized finance (DeFi) has been a trend relegated to Ethereum—and Ethereum only. History shows Ethereum’s mid-term uptrend isn’t over despite 30% pullbackEthereum has been hit hard by the recent market-wide downturn, with the retrace seen by the decentralized finance sector likely being the main suspect behind this weakness. Hype is growing about the “v3” upgrade for Ethereum DeFi’s leading app, UniswapHands down, Uniswap is one of the most important decentralized apps on Ethereum. Study: The majority of Americans don’t understand how fractional banking worksWhat if I told you that the money you deposited into your bank account was carried right out the back door and placed into the coffers of somebody or some institution that you had never met, heard of, or authorized to handle your money? Would you be cool with it? The fact is that: Because […] Yearn.finance (YFI) yields are plunging: is this a risk for the Ethereum DeFi darling?It’s fair to say that it’s been a slow past few weeks for the decentralized finance space. CEO: Dropping whale inflows positive for Bitcoin, lifeline for DeFi market?According to CryptoQuant CEO Ki Young Ju, Bitcoin whale inflows are decreasing. Gaming giant Atari partners with blockchain-powered entertainment platform UltraAtari — one of the world’s most iconic consumer brands and entertainment producers — today announced a partnership with Ultra, the blockchain-powered entertainment platform that delivers games digitally, as per a release shared with CryptoSlate. Synthetix’s founder: crypto and DeFi still in the earliest inning of its next growth cycleAs Bitcoin and especially Ethereum’s DeFi ecosystem has drawn down from its recent highs, analysts have been left wondering what phase of the market cycle are cryptocurrencies in. Featured eventVirtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |
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Not all Ethereum users are excited to stake on ETH2’s Beacon Chain