As Ether's Ropsten Proof-of-Stake ‘Test Merge' Goes Live, Uncertainty Looms Over Ethereum L2s

As the major upgrade of the Ethereum blockchain, Ethereum 2.0, is set to launch later this year, uncertainty looms over layer 2 solutions built on the Ethereum blockchain. Ethereum 2.0 is set to be a new version of the blockchain that will enthrone the proof-of-stake (PoS) mechanism of verifying transactions via staking.

Timeline of Ethereum

Although most of the crypto community has long believe that Ether ($ETH), the native token of Ethereum, is not a security — as far as the U.S. Securties and Exchange Commission (SEC) is concerned — it wasn't until this week that we got some evidence that this view may indeed be correct. William Hinman's June 2018 Speech On

Ethereum has taken the next step towards the less energy-intensive proof-of-stake (PoS) validation via a successful merge with the Beacon Chain PoS consensus chain. A test network, called Ropsten testnet, merged its proof-of-work (PoW) execution layer with Beacon.

A popular crypto analyst says Ethereum (ETH) could undergo a massive correction once it dips below a key psychological level. Pseudonymous analyst Capo tells his 336,100 Twitter followers the price of Ethereum could plummet significantly once the $1,700 support is breached. “When ETH breaks $1,700, the real capitulation starts.” Ethereum is trading for $1,811 at The post Real Capitulation Will Kick Off When Ethereum (ETH) Plunges Below This Critical Level, Warns Top Crypto Analyst appeared first on The Daily Hodl.

With the release of Connect, the Aztec team wants to position Connect as a privacy-preserving alternative to competing Layer 2s. The post Aztec updates its Layer 2 network to introduce privacy-focused DeFi on Ethereum appeared first on The Block.

Today, June 9, the Ethereum (ETH) price has found a calmness. It's all due to successful implementation of the merge on one of its former testnets. Ethereum has risen slightly in the previous 24 hours to recapture the $1800 mark. This comes just after a few days of dramatical rejection from $2000. The proof-of-stake (PoS) …

Ethereum Network activity is a good metric to define and understand ETH measurements and their directions. Whereas bear trends are indicated by lower lows and uptrends are indicated by higher highs.  The Ethereum market is continuing with its downtrend as the number of ETh addresses have continued to drop, as reported by Glassnode. Ethereum transaction …

The Ethereum merge upgrade goes live today on the Ropsten Testnet and it is transitioning to a proof of stake algorithm so let's have a closer look at our latest Ethereum news. Ethereum's merge as the blockchain's most awaited transition from the current proof of work to a proof of stake will be a step

NFT developers just got a new building tool as the bear market rages on. According to NFbarter project founder, Mr. Leo Viturin: “Our team has just launched what the company bills as a web3 marketplace protocol for safely and efficiently buying and selling NFTs. The protocol will allow for a more varied and specific NFT …

Ethereum ETH/USD is one of the largest cryptocurrency networks and blockchain platforms that has gathered a reputation due to the fact that it was one of the first to implement smart contracts. This ultimately paved the way for decentralized finance (DeFi), decentralized applications (dApps) as well as non-fungible tokens (NFTs). The Ropsten proof-of-stake merge as The post Ethereum's Ropsten PoS merge goes live; what does this mean for ETH? appeared first on Invezz.

Ethereum (ETH) prices stabilized on Thursday after the blockchain successfully deployed the merge on one of its oldest testnets. ETH rose mildly in the last 24 hours to reclaim the $1800 level.