Ethereum
ETH
About
Ether is the cryptocurrency built on top of the open source Ethereum blockchain, which runs smart contracts. The cryptocurrency acts as a fuel that allows smart contracts to run unlike bitcoin, which is meant to be a unit of currency on a peer-to-peer payment network. Ether’s supply is not capped like that of bitcoin and its supply schedule, often described as minimum necessary to secure the network, is determined by members of Ethereum’s community. A majority of decentralized applications are based on Ethereum and the cryptocurrency accounts for the highest percentage of the total funds staked in the DeFi projects. Ethereum is scheduled to make a transition to proof-of-stake mechanism from the current proof-of-work mechanism in the later half of 2020.
Foundations - Consensus: Distributed
May 13, 2020
May 13, 2020
First Mover: Uniswap’s Sudden $5B Token Valuation Cements Comeback From ‘Vampire Mining’ Attack
Uniswap's surprise token delivery has given the decentralized exchange a market value of more than $5 billion, instantly making it No. 1 in DeFi.
Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.
"Ethereum is on the way to becoming a whale chain," said Gnosis co-founder Stefan George. That's why his team's tech is moving to xDai.
This week's Fed meeting ushered in a new regime for U.S. monetary policy, offering a reminder of just how frequently top officials change the rules.
The $55M Hack That Almost Brought Ethereum Down
Matthew Leising's new book "Out of the Ether" tells the history of Ethereum and the story behind the hack that almost brought the network to its knees.
How Normies Are Getting Crypto-Rich With DeFi
DeFi may be a whale's game, but plenty of small players are making life-changing amounts of money with these risky crypto experiments.
