Layer 1
The programmable blockchain behind smart contracts and DeFi.
A proof-of-stake blockchain whose EVM runs smart contracts written in Solidity or Vyper. Home to most DeFi, NFTs and token standards (ERC-20, ERC-721), and the settlement layer for a growing ecosystem of rollups.
EthereumBeginnerEthereum network users are facing a surge in gas fees, driven by the recent craze surrounding ERC-404 tokens. These tokens, which combine features of NFTs and fungible tokens, have attracted significant interest, leading to a spike in network activity and skyrocketing gas prices. On February 9th,…
#crypto#defi#nfts
EthereumBeginnerThe Ethereum Name Service (ENS), known for its user-friendly “.eth” domain names, is exploring the possibility of building its own Layer 2 (L2) scaling solution. This move, revealed by ENS director Khori Whittaker, signifies a growing trend of projects taking control of their own infrastructure…
#layer-2
EthereumBeginnerThe highly anticipated decision on BlackRock’s proposed Ethereum Exchange-Traded Fund (ETF) has hit a roadblock, as the Securities and Exchange Commission (SEC) announced a delay until March 10, 2024. This news sent ripples through the cryptocurrency market, leaving investors and industry experts…
#crypto#etfs#sec
EthereumBeginnerConcentric, a liquidity manager app, was exploited on Arbitrum, according to the protocol’s official X account. The attacker gained access to the deployer account’s private key through a “social engineering attack,” which was subsequently used to “upgrade the vaults, mint new LP tokens, and…
#crypto#defi#dex
EthereumBeginnerWrapped Ether (WETH) is an ERC-20 token that represents a one-to-one peg with Ether, the native cryptocurrency of the Ethereum blockchain. Essentially, WETH is a tokenized version of Ether that adheres to the ERC-20 standard, making it compatible with the wide array of decentralized applications…
EthereumBeginnerNethermind, an Ethereum infrastructure firm, has fixed a “critical” bug in several versions of its execution client that was reportedly causing users to fail to process blocks on Ethereum. While the incident impacted users of Nethermind, a minority client, some Ethereum community members…
#crypto
EthereumBeginnerThe Ethereum Virtual Machine (EVM) emerges as the clear winner in the multichain developer arena, according to a recent report by Electric Capital. A staggering 90% of multichain developers prioritize building on EVM-compatible networks, highlighting its dominance in the decentralized application…
#crypto#developers
EthereumBeginnerThe Ethereum blockchain’s native token, Ether (ETH), has embarked on a remarkable trajectory in recent weeks, recording a 14% increase in just two weeks. This impressive leap propelled ETH above a crucial psychological barrier, the $2,600 mark, for the first time since May 2022. This bullish trend…
#crypto
EthereumBeginnerThe Ethereum blockchain, despite its revolutionary potential, is burdened by high gas fees that can turn simple transactions into costly endeavors. To tackle this barrier to entry and enhance user experience, several Ethereum Account Abstraction (AA) changes are on the horizon, promising…
#crypto#gas-&-fees
EthereumBeginnerVitalik Buterin, the co-founder of Ethereum, has ignited a lively debate within the cryptocurrency community by proposing a 33% increase to the network’s gas limit. This proposed change aims to address long-standing issues regarding network congestion and high transaction fees, but it has drawn…
#crypto#gas-&-fees#vitalik-buterin
EthereumBeginnerGamma Strategies, a prominent decentralized finance (DeFi) platform, is under investigation after reports of a potential attack that drained Ether (ETH) from its protocol. Early estimates suggest losses could reach over 200 ETH, raising concerns about security vulnerabilities and the safety of…
#crypto#hackers
