Whether you're a long time supporter of the Ethereum project, or just learning about it for the first time, it's important to stay updated with the latest Ethereum news. The price of the cryptocurrency is constantly changing, and there are plenty of killers to watch for. Whether you're looking for a price prediction, a discussion of the Ethereum 2.0, or the founders of the platform, this article has something for you.
Ethereum's founding members
Despite their relatively young age, the Ethereum's founding members have made a lot of noise in the crypto community. Vitalik Buterin, Anthony Di Lorio, Jeffrey Wilcke, and Joseph Lubin have created the platform for decentralised applications to run on. These applications run without third party interference and use smart contracts to replace humans.
The platform was developed to enable access to financial products in the less developed regions of the world. It's based on a decentralized public ledger, meaning that transactions are difficult to fake and can be accessed by anyone. But, it's not as popular as other cryptocurrencies yet.
The team behind Cardano includes members of the Ethereum community, including Charles Hoskinson and Kenji Sasaki. They aim to create a platform that can support smart contracts and help resolve the scalability problem of the existing system. The team also has cryptography experts and engineers, who are involved in developing Cardano's network.
The native currency used by Cardano is the ERC-20 token. It is used to pay network fees, as well as for governance purposes. It is also used in in-app payments. Its maximum supply is 50 billion HBARS.
The founder of Axiom Zen, Roham Gharegozlou, is a pioneer in the NFT (nonfungible token) movement. He also co-founded Dapper Labs, a decentralized development firm that works to bring the benefits of decentralisation to the first billion consumers. His net worth is estimated to be $200 million.
Joseph Lubin is a Canadian entrepreneur and crypto pioneer who has been working on extending the capabilities of the blockchain. He was inspired by a paper by "Nakamoto". He is also the driving force behind ConsenSys, a platform that helps individuals develop decentralized web resources and applications. It also helps businesses develop their own financial infrastructure.
Anthony Di Lorio is a co-founder of Ethereum and has been listed as one of the wealthiest crypto industry players. He was named to the Forbes list of the world's top 20 wealthiest cryptocurrencies in 2018. He is also a member of the Ethereum Foundation. He also founded Vechain and Qtum.
Ethereum 2.0
Despite the fact that the Ethereum network is currently processing up to 12 to 25 transactions per second, it will soon be able to process over 100,000 per second with the help of the sharding technology it will be implementing in the near future. The sharding technology will allow the network to split into 64 "shard chains" that run transactions in parallel. This will allow the network to process more transactions per second and decrease the fees associated with doing so.
One of the most notable changes in the new version of the network is the introduction of a new proof-of-stake (PoS) mechanism. This will allow users to stake their coins and receive nonstop dividends for doing so.
In addition, the new PoS mechanism will allow the network to process more transactions per minute than it could before. The new PoS mechanism will also increase the security of the network. This will enable users to make smart contracts more secure.
The proof of staking mechanism will also lower the barriers to entry for validators. Instead of mining for ether, validators will stake their coins and put up bonds to ensure the validity of the transactions. The best part is that this will allow the network to process more transactions in less time.
Other features include a 12-second block time, which will allow the network to process transactions in less than six minutes. This is a lot faster than Visa's average confirmation time of 1.667 seconds.
The new Proof of Stake mechanism will also allow the network to process more transactions per minute and decrease the fees associated with doing so. The network can process up to 100,000 per second with the help of the aforementioned sharding technology.
The blst signature library should arrive this week, which should be a boon for users. The blst signature library is focused on security and performance. It is the best way to sign transactions.
Other notable features include a 12-second block time, an average confirmation time of six minutes, and the ability to process more than 100,000 transactions per second.
Ethereum killers
Amongst the many cryptocurrencies out there, an Ethereum killer is one that has the potential to eventually supplant the market leader. The term is generally used to refer to a new layer-1 blockchain protocol that is a step ahead of the competition and offers features and functionality not found on the Ethereum platform.
Some of the more notable ETH killers include Solana, Avalanche, and Cardano. Each one of these blockchains has something to offer, and some may be the real 'Ethereum killer'.
Cardano is a public open source blockchain that was created by Charles Hoskinson. It features a smart contract system and is designed to be used for decentralized finance applications. It was recently ranked the best smart contract platform in 2021.
Solana is a fourth-generation blockchain that was designed to be faster, cheaper, and more secure than Ethereum. It supports concurrent smart contracts, Sea level, Proof-of-History, and Proof-of-Stake. It also has an interesting feature. It has a relay chain that enables multiple chains to exist on the same network.
Avalanche is another smart contract platform that enables high speed transaction processing. It also boasts a DeFi TVL (token value) of more than $11.3 billion. Its gas fees vary from minute to minute, but they are fairly reasonable. Its smart contract features are still in development.
Similarly, Polkadot is a smart contract platform that allows for better interoperability between multiple blockchains. It also has a scalability feature. It enables developers to create Parachains, thereby improving the scalability of the network. It is also a dappr's best friend.
Regardless of whether you are an investor, developer, trader, or just curious about the technology behind the various cryptocurrencies, it is always wise to conduct your own research. There is no single 'Ethereum killer' that will be the best overall option.
The best way to judge a new blockchain is by what they offer, and what they can do for you. Having said that, it's important to understand that past performance is no guarantee of future results. Regardless of your interest, there are plenty of other blockchain ecosystems that offer similar benefits, and you should do your due diligence before making any significant investment.
Ethereum price
Despite the volatility of the cryptocurrency markets, there has been some positive progress. Trading volume has been increasing, and there have been some notable improvements in the price.
It is estimated that the value of ether has increased by more than a thousand percent since January. It is expected to reach $10,762 by 2025. During the first half of the year, ether dropped sharply, but it has rebounded. The rise in ether prices has been driven by demand for new technologies and decentralized finance. Thousands of new tokens and projects have been created on top of the ether.
Ethereum has a relatively unlimited supply, unlike the supply cap of bitcoin. During the first half of the year, there were 116.4 million ether coins in circulation. In June, ether tokens traded for more than $400.
As of 24 June 2021, ether had a maximum annual supply of 18 million coins. According to Goldman Sachs analysts, ether is more likely to become the dominant digital store of value.
The value of ether has increased because it has been used as a hedge against inflation. It is also easier to develop products around than bitcoin. It also has strong options markets. Its price has been trending with broader indexes. It has also been supported by the best entrepreneurs in tech.
The ether price has been trading below the 50-day exponential moving average (EMA). It was trading above the 200-day simple moving average (SMA) on 24 June.
As of 5 July, the ether price was neutral. The price had been trending upwards, and the correlation to the price of bitcoin had reached 0.8. There was also a spike in bids for Ethereum call options.
Currently, ether price is trading at $1,200. It has a market cap of $920 billion. This is the second-largest crypto asset. The price has been trending downwards, but it has rebounded by 4% on Tuesday afternoon.
It is expected that the price of ether will reach a new all-time high in 2021. There are also a number of key milestones, including the Goerli testnet merge, which is expected to take place between 6-12 August.