Ethereum News
Ethereum News

Ethereum as a deflationary asset, explained

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  • April 11, 2023

What is a deflationary cryptocurrency? Although cryptocurrencies are often promoted as investment opportunities, their primary purpose was originally to serve as an alternative form of currency. Considering this narrative, the rules of supply and demand apply to cryptocurrencies as to fiat currencies.  An undergraduate economics student might say the basics of money, economy and market […]

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Uniswap and automated market makers, explained

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  • April 10, 2023

What are automated market makers? Decentralized exchanges where one trades with a smart contract, not other people Automated market makers, or AMMs, are a class of decentralized exchanges that rely on mathematical formulas to set the price of a token. Like normal exchanges, they have various trading pairs: for example, Ether (ETH) to Dai. But […]

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Ethereum News

What is Ethereum and how does it work?

Ethereum definition If Bitcoin (BTC) is the alleged future of money, then what is Ethereum? For someone new to the cryptocurrency space, that’s the logical question to ask, considering they probably see Ethereum and its native Ether (ETH) cryptocurrency next to Bitcoin everywhere on exchanges and in the news. However, it’s not exactly fair to […]

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Ethereum News

Will the Ethereum 2.0 update reduce high gas fees?

What is the Ethereum 2.0 update? Also called Eth2 and Serenity, Ethereum 2.0 is an upgrade to the Ethereum network that promises to bring several improvements. Slated improvements to the network include reduced transaction fees, improved speed and better scalability. The update is currently in development and is expected to be rolled out in stages […]

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The number of crypto billionaires is growing fast, here’s why

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  • March 30, 2023

Why are crypto billionaires rising every year? The adoption of the crypto market is increasing, which means that more money is going to various crypto projects. Due to the wealth potential, people invest in cryptocurrencies, leading to the rise of billionaires. Many people have started investing in crypto because of the great success stories that […]

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Ethereum News

What are the risks of the Ethereum Merge?

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  • March 29, 2023

What is the Ethereum Merge? The Merge integrated Ethereum’s original execution layer with its new proof-of-stake consensus layer, officially transitioning the network’s consensus mechanism to proof-of-stake. Formerly referred to as Ethereum 2.0, Ethereum’s consensus layer has now fully merged with the original blockchain (execution layer). The Merge was completed on September 15, 2022, marking the […]

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Is GPU mining profitable after the Ethereum Merge?

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  • March 28, 2023

What does the Ethereum Merge mean for Ethereum mining and GPU miners? Ethereum upgraded from proof-of-work to proof-of-stake, meaning miners will be out of work, and their equipment will be useless. GPU miners are individuals that validate transaction blocks by using specialized graphics cards to solve challenging mathematical challenges. Miners use graphic cards because they […]

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Ethereum News

Ethereum Shanghai upgrade, explained

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  • March 27, 2023

What is the Ethereum Shanghai upgrade? The Ethereum blockchain went through an upgrade termed “the Merge” in September 2022 that changed the consensus mechanism of the chain. Another upgrade to the chain termed the “Shanghai” is expected around mid-March and may have economic implications across the board. The Ethereum Shanghai upgrade is also called the […]

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Cryptonews Deals Ethereum News

What are Bitcoin ordinals?

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  • March 26, 2023

What are Bitcoin NFTs? Bitcoin NFTs — aka Bitcoin ordinals, aka digital artifacts — are a way to inscribe digital content on the Bitcoin blockchain.  The Bitcoin ordinals protocol was launched in January 2023 by Casey Rodarmor. The protocol allows inscribing of digital content like art onto the Bitcoin blockchain. Unlike nonfungible tokens (NFTs) on […]

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Ethereum News

Ethereum as a deflationary asset, explained

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  • March 26, 2023

1. What is a deflationary cryptocurrency? Although cryptocurrencies are often promoted as investment opportunities, their primary purpose was originally to serve as an alternative form of currency. Considering this narrative, the rules of supply and demand apply to cryptocurrencies as to fiat currencies.  An undergraduate economics student might say the basics of money, economy and […]

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