Ethereum’s co-founder and CEO of ConsenSys Joe Lubin say that China’s forthcoming digital renminbi is unlikely to use blockchain. On Nov. 6 Lubin gave an interview for CNBC’s Squawk Box Asia where he argued that the Central bank of China has little to gain from the decentralized aspects of the technology. China’s central bank digital currency will reportedly be controlled by the PBoC and officials have said that they expect the asset to “have lots of positive impacts, includi
Research Analysis wing of Binance argues that Ethereum’s pending switch to proof-of-stake (PoS), staking to set a major impact on the industry. On Oct. 28, a report was published by Binance Research that highlights the largest 10 crypto assets supporting or deemed to support- staking represents a cumulative market capitalization of $25.8 billion. As of press time, this means prospective staking dominance stands at roughly 10% of the total industry market capitalization. An In
Zcash (ZEC), the privacy-focused cryptocurrency, is seeking access to Ethereum’s decentralized finance (DeFi) ecosystem. On October 13, it has been reported that the topic of interoperability was the theme of the concluded Devcon 5 developer conference in Osaka, Japan, where a number of smaller cryptocurrency projects displayed interest in accessing Ethereum’s DeFi ecosystem. James Prestwich, the co-founder of Summa, told the news outlet: “Connecting to other chains doesn’t s
Band Protocol, a data governance startup launched its fully decentralized binary options app on Ethereum’s ETH mainnet. In February, Band Protocol closed a $3 million seed round led by Sequoia Capital India. The startup announced the launch of BitSwing ahead of its ETH mainnet roll out on Sept. 30. 2/ Another key highlight today is the launch of BitSwing Mainnet, which represents a perfect example of dApps made possible with $BAND oracle.
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What is Ethereum? Ethereum, an open-sourced, decentralized public blockchain using Proof-of-work (PoW) consensus is the second largest network for cryptocurrency based on market capitalization. Ethereum with its own decentralized applications on its platform allows the removal of third parties that store data, transfer mortgages while keeping track of financial information. Introduction of the whitepaper proposed during early 2013 stated that: – “What Ethereum intends to prov
Ethereum price drops losing more than 18% value under two hours due to collateralized stablecoin DAI. The stablecoin managed to maintain its peg to the United States dollar falling from $190 to $155 on Tuesday. The sudden Ethereum price drops to highlight the weakness of DAI stablecoin built by the maker of MakerDAO, Dai (DAI) with the decentralized finance (DeFi) ecosystem within the platform. As of publishing time, Ethereum holds a price of about $170. Higher transaction fe