Lido Staked Ether surpassed XRP to become the 6th largest cryptocurrency with a market capitalization of over $31 billion. The bullish market for Lido Staked Ether (stETH) is largely due to Ethereum’s significant gains this month. That’s because the second-largest cryptocurrency reached $3,200 today, with the token price soaring 40% in February alone. Lido’s Ether deposits are close to 10 million ETH, with no net outflows from the protocol since December 19, according to Dune analytics data. Lido Staked Ether currently accounts for 35% of all EH deposits on EigenLayer, one of the leading platforms providing access to Ethereum staked…
Author: Crypto Flexs
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Proof-of-work, the algorithm that underpins Bitcoin, is a fundamentally wasteful process. Even during the Satoshi era, people realized that if Bitcoin was successful, the hash power for network security would be enormous. Satoshi anticipated this debate and responded to critics: “It would be ironic if we ended up having to choose between economic freedom and conservation.”
In cryptocurrency, speculating on the future value of digital assets can be very challenging and thrilling. Sometimes analysts try to make bold predictions about future developments to pique the interest of sponsors and supporters. Let’s take a look at what Retik Finance and Ethereum have been doing so far and are still struggling to get into the limelight. BlockDAG is already kickstarting the cryptocurrency era with its incredible sweepstakes, unique mining, successful pre-sale phase, and cutting-edge technology. Ethereum surpasses $3,000 The price of Ethereum surged above $3,000, outpacing Bitcoin’s 22% gain. This means that Ethereum may continue to lag behind…
Posted 1 minute ago In ~ Decentralized stablecoin protocol Frax Frax +0.34% The Treasury is considering withdrawing rewards for token stakers again within the next two weeks. This move follows Uniswap’s offer to reward UNI holders. However, while Uniswap is implementing rewards for the first time, Frax Finance will reverse its previous decision to discontinue rewards, Frax founder Sam Kazemian told The Block. “Yes, they voted to stop rev (revenue) sharing before, but now we think it’s the right time to flip a huge switch. It’s going to be a huge revenue boost,” Kazemian said, adding that implementation will happen.…
Dubai, UAE, February 26, 2024, Chainwire Layer-1 has achieved unprecedented growth and recognition, taking top honors at the Eurasia Awards. Sui, a layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, emerged as the winner of the Eurasia Awards held at the 2nd AIBC Eurasia Expo in Dubai. At the gala event, renowned for its world-class participants and previous winners such as Animoca Brands and Crypto.com, the Sui Foundation was honored for the leading position blockchain has achieved over the past few months. Other nominees for the 2024 award include Near Protocol and 1inch Network.…
reporter Posted on: February 27, 2024 Last week accounted for more than half of all AVAX tokens burned in the past 30 days. But the spike failed to exert upward pressure. The burn rate of Avalanche (AVAX) has skyrocketed over the past week, accelerating the rate at which its native token enters circulation. According to AMBCrypto’s analysis of Avascan data, approximately 31,650 AVAX coins went up in smoke over the past seven days, with more than half of them being burned on February 24 alone. The dramatic spike followed several days of stability in which daily burn rates hovered in…
lock time opcode OP_CHECKLOCKTIMEVERIFYand OP_CHECKSEQUENCEVERIFY If we allow for indirect block number verification, is there a way to obtain other information, such as previously mined block hashes or current difficulty, without relying on an oracle?
Welcome to the ultimate guide to harnessing the power of BlitzCoin, the innovative cryptocurrency making waves in the digital currency market. In this comprehensive guide, we’ll take a look at what BlitzCoin is, how it works, and strategies for maximizing your success in the cryptocurrency world. What is BlitzCoin? BlitzCoin is a decentralized digital currency that uses blockchain technology to facilitate secure and anonymous transactions. It was created with the vision of providing a fast, efficient and affordable alternative to the traditional banking system. BlitzCoin allows users to send and receive payments quickly and easily without intermediaries such as banks…
Sui Named Blockchain Solution of the Year 2024 at AIBC Eurasia Awards – Chainwire housenewsroomSui selected as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary…
The cryptocurrency community is abuzz with speculation following a series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent. Justin Sun claims massive buying According to a tweet from blockchain analytics firm Lookonchain, the suspect wallet recently acquired an additional 13,780 ETH worth approximately $41.24 million. These purchases totaled 168,369 ETH (equivalent to approximately $487 million) on centralized exchanges such as Binance and decentralized exchanges (DEXs) in just two weeks. Buying began to accelerate this week, with significant purchases occurring almost every day. In the largest…