Ethereum

Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


Policy

Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges

The alleged 12-second attack related to the controversial practice known as MEV, or maximal extractable value.

Department of Justice (Shutterstock)

Tech

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain "restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)

Opinion

DeFi Gigabrain Tarun Chitra on ETH Staking, Restaking and Why ‘Financial Nihilism' Is a Real Consumer Product

The Gauntlet founder talks about the state of crypto ahead of Consensus 2024.

Tarun Chitra, chief executive officer of Gauntlet, math lover and DeFi risk expert, talks to CoinDesk ahead of Consensus 2024.

Tech

EigenLayer's EIGEN Airdrop Might Signal Demise of Once-Popular 'Points'

EIGEN's airdrop comes after a wave of criticism of its distribution plan and points program.

Crypto projects are offering "points" to lure in new users. (Sigmund/Unsplash)

Finance

Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back

Neel Somani, founder of Ethereum scaling chain Eclipse, said multiple sexual misconduct allegations circulating against him on X were "false."

Eclipse founder Neel Somani has stepped back as a "public face" for the company amid sexual misconduct allegations. (Andrew Gonzalez Photography

Tech

ETH Reverts to Inflationary Asset Following Fee-Reducing Dencun Upgrade

Transaction fees are four times lower on average following the recent Dencun upgrade.

(Jp Valery/Unsplash)

Tech

Protocol Village: Omni Launches Open-Source EVM Framework 'Octane' With Sub-Second Finality

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Tech

The Protocol: From 'Node Sales' to 'Address Poisoning,' the Money's in Crypto

In this week's issue of The Protocol newsletter, we dive into the crypto industry's fundraising method du jour – it's all about the decentralization! PLUS: Polyhedra says its ZK prover is 2x faster than anyone else's.

(Dima Kolesnyk/Unsplash)

Tech

Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'

EIP-3074 has drawn both support and concern from the Ethereum community, a code change that is supposed to improve the user experience with wallets on the blockchain.

Screengrab from the EIP-3074 proposal (Ethereum.org, modified by CoinDesk using PhotoMosh)