OKLink’s Post

Here are five facts about Ethereum you should know. 1. Ethereum VS Ethereum Classic: The Ethereum network underwent a hard fork in 2016, to reverse a major hack and return stolen ETH to its rightful owners. This led to the split of #Ethereum into two: the “main” Ethereum that we’re using presently, and the original Ethereum Classic, which maintained the hacked ledger to preserve an immutable record. 2. Flexible supply model: In contrast to Bitcoin's fixed limit of 21 million BTC, there isn’t a definite supply cap for ETH. Its only restriction is an annual production limit of 18 million ETH. 3. Global inspiration for testnets: Ethereum's testnets are named after train stations from around the world. The five testnets – Kovan, Rinkeby, Ropsten, Goerli, and Sepolia – are named after stations in Singapore, Stockholm, Berlin, and Athens. 4. Crowdfunded origins: Ethereum's inception was unique, as it started as a crowdfunded project before the popularization of Initial Coin Offerings (ICOs). Despite initial resource constraints, Ethereum managed to take off with the help of strong community backing. 5. Divisibility for accessibility: To ensure usability for everyday users, ETH can be divided up to 18 decimal places. This high divisibility is designed to keep #ETH accessible for trading in smaller units, especially as its price increases.

We’re bringing you more L2 support for Ethereum, with the Optimism Network! Tired of slow transactions and high gas fees. Want to use your #ETH in the Optimism ecosystem? Well, with Uphold, now you can! We’re adding support for ether on Optimism. Enjoy the freedom to move your ETH between your Uphold and external Optimism wallet! Optimism is one of the largest scaling solutions for Ethereum, with over $900 million in TVL, and supporting almost 200 protocols, including some of DeFi’s heaviest hitters - Synthetic (SNX), Uniswap (UNI), and Velodrome (VELO). Optimism uses an implementation of optimistic rollups, where user transactions are batched and then submitted to the Ethereum mainnet. This allows for faster transactions and lower fees, while still benefiting from Ethereum’s security! Enjoy moving your ETH quickly and cheaply. Dive into the Optimism ecosystem. The choice yours, with Uphold. To learn more about Optimism, check out our blog: https://lnkd.in/dtZhVPZp __ Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.

A bit of a rant... 📣 ETH maximalists have recently seemed highly offended by the undue attention that other alternative Layer-1 blockchains (such as Solana and Avalanche) have been getting on crypto YouTube (and elsewhere). The issue has been further compounded by the fact that ETH hasn't yet pumped like some of the other pretenders to the throne -- so it's like picking at a scab. One of my biggest personal bugbears with Ethereum is being charged for transactions that fail -- it just happened to me again this morning for the umpteenth time (this time using Uniswap). Where else - in any facet of your professional life - are you charged a fee for using a service that doesn't work?... ETH maxis would probably point to user error -- not being OG enough to successfully navigate the gas fee landscape, or to know what GWEI represents, or to understand slippage, or to adequately study gas fee heat maps. I mean, it's not exactly rocket science! 🤯 😂 And I strongly suspect that the $100,000 figure mentioned in this tweet below is merely the tip of a giant iceberg (because it doesn't include all of the everyday $20 and $30 gas fees levied from retail users like me, and accrued by the network for *failed transactions*). How much is lost per year in failed transactions? Does anybody know? My guess is millions (plural). But seriously: if anyone thinks this is the kind of technology (UI/UX) that achieves mainstream adoption then I have a (blockchain) bridge to sell you!

A new post is available on news.nbtc.finance : Ethereum Reaches $3,500 Just Days Before Dencun Upgrade Ethereum is starting the week having inched its way past $3,500, marking a 3% gain since this time yesterday, according to CoinGecko data. At the time of writing, the Ethereum price is $3,506.38, which means that ETH has gained 15% in the past week. This is the highest Ethereum has been since January 2022, when [...] ➡️ Read more : https://lnkd.in/dTXuXw-p "#CryptoGrowth", "#DeFi", "#DencunUpgrade", "#BullishMarket", "#SolanaGrowth", "#Crypto", "#Ethereum", "#NBTC"

Dencun update on Ethereum: what is it and why does it affect the price of $ETH The $ETH coin has increased by 34% in the last 30 days. The rapid growth can be attributed to the anticipation of the upcoming #Dencun update planned for March 13. Let's figure out how everything works and how it can be a potential investment opportunity What is Dencun? - It's a major update for Ethereum, affecting developers and everyday users. - It introduces new storage to make some transactions cheaper by clearing data after each use. - It improves how people can start or stop staking Ethereum with a new signature type and better controls for validators. Key Feature: Danksharding - Danksharding will make transactions on Layer 2 networks much cheaper, by 40 to 100 times. - Layer 2 networks help Ethereum handle more transactions efficiently. Market Impact - Dencun could help Ethereum compete better by making fees lower and processing more transactions. This is important for #DeFi, #NFTs, and other digital assets, helping #Ethereum's Layer 2 networks. #EthereumUpdate #Dencun #ETHPriceSurge #CryptoInvestment #BlockchainTech #Danksharding #Layer2Scaling #EthereumNetwork

Rising Ethereum Mempool Transactions #crypto #blockchain #cryptocurrency #cryptonews #cryptotrading #nft #btc #eth The concentration of mempool transactions on Ethereum increased. ETH’s prices⁣ continued to surge as whales showed interest. In the ever-evolving landscape of⁢ Ethereum transactions, a notable shift has emerged, ⁤with approximately 15% of transactions now ⁣traversing through ⁣private⁣ mempools. Interest in mempools rise In simpler terms, a private mempool is like a private club for ⁢Ethereum transactions. Instead of everyone seeing a transaction, it’s more exclusive as only a select⁣ few get to know about it. What’s⁤ interesting is that more and more transactions are choosing this exclusive route, and it’s changing the crypto landscape. Approximately 50% of these transactions, which exclude any deceptive activities⁤ such as trading bots, are currently being routed through these private mempools. Today, ~15% of Ethereum Txs are landed thru Private Mempools. Cross-checking txs seen by⁤ public mempools,⁢ we are able to observe the trend of Ethereum txs moving towards private channels over time – thru metrics across the Tx Settlement Stack on Ethereum. 👀 🧵👇 pic.com/cQOqunKVMm — danning.xn--eth-w45a0201js08k (@sui414) November 30, 2023 Now, what doe...

Record Drop in Ethereum Gas Fees Signals Potential Bullish Trend Ethereum's gas fees have recently plunged to a five-year low, marking a significant shift from the 83.1 gwei levels seen in March, when network activity surged. This dramatic reduction, exceeding 95%, is being interpreted by some as a historically bullish sign for ETH. Ethereum Historical Patterns Analyst Ryan Lee from Bitget Research points to historical patterns suggesting that such a substantial drop in gas fees often precedes a mid-term price rebound for Ethereum. In a note to CoinDesk on Friday, Lee stated, “Every time ETH gas fees reach rock bottom, it has frequently indicated a price bottom in the mid-term. ETH prices typically experience a strong rebound after these periods, especially when coupled with an interest rate cut cycle, which could significantly enhance the market’s wealth effect.” Gas fees represent the cost required to conduct transactions on the Ethereum network. This week, fees fell as low as 0.6 gwei, with low-priority transactions costing 1 gwei or less—an unprecedented low in recent years. This marks a dramatic decline from the March levels of 83.1 gwei. Lee attributes this fee drop to several factors: reduced demand for Ethereum’s block space, user migration to faster and cheaper blockchains like Solana and Layer 2 solutions, and the Dencun upgrade, which has improved network efficiency and lowered gas fees. The Dencun upgrade, which includes major changes from March, has enhanced how transactions are processed and validated on Ethereum. Additionally, since July, Solana-based application Pump has occasionally generated more fees in a single day than the entire Ethereum network, most recently on August 13. Bottom Line: The decrease in transaction fees has also resulted in less ether (ETH) being burned, leading to an increase in the token’s total supply. Over the past week, approximately 16,000 ETH—valued at nearly $42 million—has been added to Ethereum’s supply, marking a 0.7% increase in supply for the year. (Not Financial Advice) #ethereum #eth #trading #crypto #cryptotrading #alts #altcoins #bullmarket #decun #decunupgrade

🚀 ETH on the Rise: $3k in Sight, But HODL or Sell? 🤔 📈 Ethereum's been on a roll, surging past $2,800 and eyeing the $3k mark. But is this a buying opportunity, or a chance to cash out? 📊 Here's the scoop: Bullish February: ETH has seen a 20% increase in the past week, fueled by positive news and broader market optimism. $3k within reach: Resistance levels are thinning out, and some experts believe $3k is achievable soon. Staking frenzy: ETH 2.0 staking is drawing in more participants, further boosting demand and price. But be wary: Crypto is volatile, and past performance doesn'tguarantee future results. DYOR: Do your own research before making any investment decisions. 👀 So, HODL or sell? 👉 It's your call. Consider your risk appetite, investment goals, and the overall market outlook. 💭 Share your thoughts! What's your strategy for ETH?  #ETH #Crypto #Investing #DYOR #HODL #CryptoTwitter https://lnkd.in/gGvxVPzu

Let’s answer the question on your mind: **What is PulseChain!?** PulseChain isn’t necessarily a new technology, at least not technically speaking🫡 If you know Ethereum, then you know PulseChain. We love #Ethereum, much more than you do (if at all you do), and that’s why we created PulseChain - to take the load off Ethereum, and make it (ETH) better. Think about us, PLS and ETH as siblings working for the common good of our communities: aimed at creating a much healthier environment for us today and for our generations tomorrow. Now, let’s get into specific technical details 😉 PulseChain is designed for the future needs of the crypto, decentralized industry; we’re kinda light years ahead of the current players. We take all of the shortcomings of Ethereum and improve them. PulseChain is a complete (hard) Fork of the Ethereum Network. This means every token, asset and/or wallet that ever existed on Ethereum will be copied and available on PulseChain with NO exception (as at the time of the snapshot). Every ETH token/asset was converted to PLS on a 1:1 basis. If you ever wanted to be a whale in a certain ERC20 or NFT, maybe it happened for you already 🤔 Go check your wallet now. Scan it on a PulseChain explorer. Now, what are the differences between PulseChain and Ethereum? There couldn’t be identical, right!? Wouldn’t make any sense 🤦🏽♂️ As at today, the main differences are speed, cost, deflation, and efficiency of the network: PulseChain being faster, cheaper, deflationary and more efficient than Ethereum. So, maybe you have some ideas about PulseChain. Share this and stay tuned 🙏🏾😊

Ever heard of #CryptoRestaking? 🤔 Well, it's a pretty cool concept in the world of crypto that lets you get more out of your Ethereum ($ETH) investments. 👀 Here's the scoop - So, when you stake your ETH, it usually just sits there, not doing much. But with restaking, you can actually use it again to earn even more rewards. It's like putting your money to work twice 💸 ✨ Key Benefits - ✅ Double Your Returns: Restaking allows you to earn extra rewards by putting your staked ETH back to work. ✅ Enhanced Security: By spreading your staked tokens across different validators, restaking strengthens the security of the staking network. ✅ Unlock More Potential: With protocols like EigenLayer, you can restake your ETH for added benefits. ✅ EigenLayer Hub: EigenLayer serves as the central hub for restaking, where you can engage with smart contracts to maximize rewards and secure Ethereum platforms. ✅ Rise of DeFi: Restaking is becoming a key component in DeFi, driving more liquidity and users to Ethereum staking. 💡 Final Opinion - As restaking becomes more popular, it's expected to become a big deal in the world of DeFi 🚀 More liquidity and more users mean Ethereum staking could really take off, catching up to other PoS networks in terms of staking ratio!