How the Ethereum Upgrade Impacted Revenue

Ethereum revenue is a key metric that reflects activity on the network. How did it perform in Q2 2022 and what will happen after the full transition to PoS? The post How the Ethereum Upgrade Impacted Revenue appeared first on Bitcoin Market Journal.

Timeline of Ethereum

The Ethereum Foundation has on Wednesday confirmed the schedule for the upcoming transition to proof of stake consensus. The Foundation said the Bellatrix upgrade is scheduled for on September 6, as announced earlier.

Preparation for the final launch of the long-awaited Ethereum upgrade, the Merge, is getting on the higher side. For the past few months, the entire Ethereum ecosystem has been thrown into a state of activeness.

With a price dip of over 12%, Ethereum remained the worst-performing digital currency among the top 10 in the last seven days. However, Glassnode's recent data indicates that the total number of ETH addresses with non-zero balances reached 85.367 million on Wednesday, the highest level on record.

Ethereum will soon transition to a more energy-efficient system for processing transactions, but prominent crypto personalities are hell-bent on keeping the proof-of-work version of the chain alive. Why?

In Todays Headline TV CryptoDaily News: Bitfinex offers new chain split tokens ahead of Ethereum Merge. iFinex, the company responsible for Bitfinex Derivatives, announced the launch of a new service offering available to users before the highly-anticipated Ethereum Merge.

The Ethereum Merge is only a few days away. Ethereum developers have revealed that the date for the merge will be 15th September, however, the exact date might depend upon the hash rate.

Two Ethereum clients, Nethermind and Go Ethereum, have discovered bugs in their mainnet merge updates. The post Developers find bugs in 2 Ethereum clients' mainnet merge updates appeared first on CryptoSlate.

Ethereum is still vulnerable to go below the $1,500 support level, as the cryptocurrency is struggling to break through the $1,650 barrier against the US dollar. Ethereum attempted but failed to break over the $1,650 barrier level.

Due to the development of a bearish pattern, the price of Ethereum is hanging by a thread. However, after being rejected from the crucial psychological barrier of $2000, the price of ETH appears to be reversing. Although, the fundamentals seem to be more solid than ever with the Merge upgrade just around the corner.

The world's largest cryptocurrency exchange Binance is launching zero-fees trading for Ethereum (CRYPTO: ETH) on its platform. What Happened: Binance said that the zero fees trading option for ETH would go live on Friday.