As 2021 draws to a close, the premier lineup in the DeFi landscape largely consists of synthetic asset platforms (SAPs). An SAP is any platform that enables users to mint synthetics, which are derivatives whose values are pegged to existing assets in real time. As long as oracles can supply a reliable price feed, synthetics can represent any asset in the world and take on its … [Read more...] about Collateral damage: DeFi’s ticking time bomb
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Why Ethereum’s ‘Difficulty Bomb’ Has Been Delayed Again
The Ethereum network recently underwent the Arrow Glacier hard fork on Dec. 9, with the sole purpose of delaying the “difficulty bomb” to June of next year. The difficulty bomb is a mechanism to force the proof-of-work network to stop producing blocks, making mining unprofitable and disincentivizing miners from keeping the chain alive after the network merges to … [Read more...] about Why Ethereum’s ‘Difficulty Bomb’ Has Been Delayed Again
Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb
Cryptocurrency exchange Coinbase has added a mirrored version of the Ethereum blockchain's native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10.Dubbed "ETH2," the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out to be the same as that for ETH. … [Read more...] about Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb
Ethereum’s Arrow Glacier upgrade delays Difficulty Bomb until June 2022
Ethereum is set to undergo a scheduled upgrade at block number 13,773,000, which should take place around December 8th.The Arrow Glacier network upgrade will delay the difficulty bomb until June 2022, which is when developers believe Ethereum will be running on Proof-of-Stake (PoS).Arrow Glacier will give miners time to breathe as Ethereum transitions to POSAccording to Tim … [Read more...] about Ethereum’s Arrow Glacier upgrade delays Difficulty Bomb until June 2022
London fork enters testnet on Ethereum as difficulty bomb sees delay
The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559. Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps … [Read more...] about London fork enters testnet on Ethereum as difficulty bomb sees delay