Category: Vitalik Buterin

Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket

Ethereum's 2020 Defi Boom Doubles Active Ether Addresses, But Fees SkyrocketThe number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized […]

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Avalanche Launch Fumbles: ‘A Highly-Sophisticated DDoS Attack Derailed Token Sale’

Avalanche Launch Fumbles: 'A Highly-Sophisticated DDoS Attack Derailed Token Sale'On July 8, 2020, some members of the cryptocurrency community were prepared to leverage the AVA Labs Avalanche (AVAX) token sale, in order to acquire some of the highly anticipated coin on Wednesday. However, due to “record-breaking demand” and a “highly-sophisticated DDOS attack” the Avalanche sale has been rescheduled for July 15, 2020. For quite […]

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Breaking Bitcoin: Crypto Proponents Discuss Honeywell’s 6 Qubit Quantum Computer

Breaking Bitcoin: Crypto Proponents Discuss Honeywell's 6 Qubit Quantum ComputerOn June 19, 2020, the massive industrial firm Honeywell told the public the company is now running a quantum computer that effectively leverages six effective quantum bits, or qubits. Honeywell’s machine is two times more powerful than the quantum computers designed by IBM and Google. With Honeywell revealing the new quantum computer, skeptics have already […]

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Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers

Ethereum's $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by HackersHackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests. The hackers may have gained access to the exchange’s funds but failed to transfer the money into their own wallets because of […]

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Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether TransactionHistory repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by […]

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

Despite Trust Model Debates, Ethereum Is Bitcoin's Largest Sidechain by Total Value LockedThe Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just […]

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