Showing posts with label ethereum 2.0. Show all posts
Showing posts with label ethereum 2.0. Show all posts

Ethereum ON FIRE - 200% Returns So Far This Year, As Price Now Passes $500! But Prepare For What's Next....

Ethereum 2.0 coming as price hits $500

Ethereum Has A 200% Return So Far This Year, And Just Hit $500+ For The First Time Since June 2018...

Ethereum's has managed a large rebound over summer and winter if 2020 , with it's market cap going from $13 Billion in Jan to $53 billion today  Likewise, the quantity of daily transactions has increased as well. In the last 24hrs Ether buying and selling in dollars totaled $3.5+ billion in volume.

Ethereum hasn't seen these prices since June 2018, when amid a bull market it struck its all-time high of $ 1,300. But it's fluctuated since then, and for awhile went surprisingly low, the worst being June of last year falling underneath $100.

Upgrades Are A Big Reason Why...

The increase in the price of ETH coincides with an increase in its hash rate (or computing power) of the network, which on Thursday reached a new historical high - exceeding 250 terahash per second (TH/s)!

But the big one is early next month, when the long awaited Ethereum 2.0 launches! Many expect this to come with strong rally behind it, saying they want to get in before the 2.0 rally truly gets going.

Will The Rise Continue? 

Which brings us to this interesting point - will everyone buy ahead of Ethereum 2.0's launch, making for a slow day when it actually arrives? Or will the lunch have enough hype behind it to fuel a rally of new investors following the experienced investors buying now? 

I'm leaning towards believing Ethereum will successfully have a double rally run-up.  The excitement around crypto is big, and Bitcoin's price (logically or not) scares some people off.  I think there's a lot of people who will take 'the next best thing' and if it's priced under $1000 they won't hesitate to make this their jump-in point!


Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk / Breaking Crypto News

Ethereum 2.0 Moves Closer To Launch, As Foundation Prepares For The Live "Dress Rehearsal"..

Ethereum 2.0 launch of eth 2
Ethereum 2.0 continues to move closer to launch with what the Ethereum Foundation is calling the "dress rehearsal" which will come in the form of a new testnet.  They announced:

"We realize that both the engineers and the community could use one more public testnet launch before mainnet to run through the motions. At the same time, we want to avoid disrupting Medalla’s momentum. We’ve therefore opted for a shortlived dress rehearsal that will run in parallel to Medalla later this month. Welcome Spadina!

Spadina will be a (primarily) mainnet configuration testnet with a 3 day end-of-life (EOL). The main objective is to give us all another chance to go through one of the more difficult and risky parts of the process – deposits and genesis – before we reach mainnet. If all goes well, it should give us greater peace of mind before we jump into the real deal later this year."

Developers experienced debugging testnets are invited to participate.

There's also an additional $15,000 in payouts being offered for those who can help gather data using the Medalla eth 2.0 testnet.

Medalla and Spadina testnets will operate at the same time, with their features eventually being merged for the final launch.

Visit Ethereum.org if you want to get involved.
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Author: Oliver Redding
Seattle Newsdesk



Ethereum 2.0 Testnet Goes Live - Final Step Before Launch - [UPDATES ADDED!]

Photo Of Ethereum 2.0
[UPDATE] The Ethereum 2.0 testnet (nicknamed 'Medalla') went live yesterday as planned.

At the time of publishing this update, it has processed nearly 25k transactions successfully!

For those who want to take a look for themselves:

Deposit Contract: 0x07b39F4fDE4A38bACe212b546dAc87C58DfE3fDC
Chain Explorers:
beaconcha.in
beaconscan.com
blockaction.io
Status Dashboard: eth2stats.io

If the testnet continues to operate smoothly, short of any major bugs being discovered the upgrade could move to the mainnet soon.

So - now is the time to be ready for it, whatever that may mean to you.


[Original Article]
Our sources inside the Ethereum Foundation confirm - tomorrow's testnet launch of Ethereum 2.0 will be happening without delay!

'Delay' has been a word everyone watching the development of Ethereum 2.0 has heard a lot lately, so maybe sharing our sources exact words: "It's happening. That I can promise" will help answer any remaining questions.

Called the 'Medalla testnet' it requires 16,000 validors to operate, minimum - a number they reached on Friday.

"The launch of Medalla is a huge milestone in the development of eth2 – if Medalla proves stable, mainnet launch is next – and represents years of hardwork by countless engineers, researchers, and community members. We hope you are as excited as we are." says Danny Ryan from Ethereum's Research & Development team.

If everything goes smoothly, the official launch of 2.0 worldwide will follow!

Aug 4th at 1pm UTC is the official launch time for the genesis of the Medalla ETH 2.0 testnet.

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Author: Justin Derbek
New York News Desk


Global Crypto Outlook May 2020: Focus shifts to ETH 2.0 After Halving...

Contentworks
Welcome to the May 2020 Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain.

Cryptocurrencies had a great April. ETH price rose by 50% while Bitcoin, Ripple, and Litecoin rose by more than 20%. In contrast, the S&P 500, Dow Jones, and gold rose by 12%, 10%, and 8% during the month.

Cryptocurrencies gained in April...
There are four main reasons why the price of cryptocurrencies rose in April. First, the overall mood in the market was positive as evidenced by the rising in stocks. Second, there was no major bad news in the industry such as hacking or regulations. Third, crypto enthusiasts are excited about the upcoming bitcoin halving and Ethereum 2.0 protocol that will be launched in the coming months. Finally, the low interest rates and unconventional monetary policy has made more people move to digital currencies.

Halving...
The biggest crypto-related news in May will be about halving. Halving is a process built within the bitcoin network that reduces the number of bitcoins awarded to miners. When it happens, the blocks that miners are awarded are cut into half. As a result, the supply of the digital currency is reduced, which in theory should help raise prices. The past two halving events took place in 2012 and 2016 while the upcoming one will take place on May 12.

In the past, the price of Bitcoin tends to rally ahead of halving. The same is also true for other currencies like Litecoin and bitcoin cash that have halving in their system. As bitcoin price rallies, other digital currencies rise as well.

However, this action tends to fizzle after halving happens as market participants sell the news. Therefore, while bitcoin price may continue rallying, and possibly test $10,000, it is also likely that the price will start weakening after halving happens.

More digital currencies...
The coronavirus pandemic has led to significant changes in the way people operate. Most countries have encouraged their citizens to use digital platforms for payments. The goal is to prevent the transmission of the disease through physical cash. At the same time, more central banks are now starting to increase their focus on creating digital cash. In China, the PBoC has been creating the digital yuan since early 2019. While the project has had several delays, there is a likelihood that it will make an announcement about it in May. Meanwhile, in Sweden, the Riksbank has said that it is developing an e-krona, which will be the digital version of the current currency. Other central banks could announce these measures as countries start to reopen.

ETH 2.0 countdown...
After Bitcoin halving happens, enthusiasts will be focusing on ETH 2.0, which is a new release that will happen in July. The goal of this release will be to remove some of the biggest problems that exist in the Ethereum network especially on speed and scalability. This new release will help solve these problems by introducing a proof-of-stake consensus mechanism and sharding. The proof-of-stake mechanism will help reduce the need for mining equipment while sharding will help boost speed of transactions. According to Vitarik Buterin;

“Imagine that Ethereum has been split into thousands of islands. Each island can do its own thing. Each of the islands has its own unique features and everyone belonging on that island, i.e. the accounts, can interact with each other and they can freely indulge in all its features. If they want to contact with other islands, they will have to use some sort of protocol.”

In May, most physical crypto-related events will not take place because of the coronavirus pandemic. Still, there will be several virtual events during the month. The biggest one will be the annual Consensus event that is held by Coindesk. The virtual event will happen on May 11 to May 15. Some of the key speakers will be Akon, Changpeng Zao of Binance, and Sheila Warren of the World Economic Forum (WEF).

Another event will be the Crypto Asia Summit that will happen online between May 18 to 23. The key speakers will be Roger Ver, Da Hong Fei of NEO, and Zac Prince of BlockFi.

At Contentworks, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PRs and white papers.

Visit www.contentworks.agency


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Information Provided via Press Release
Distributed by Global Crypto Press Association Press Release Distribution for industry.