Search Results for "protocol upgrade"
Ethereum Hits Major Bullish Milestones in Anticipation of the ETH 2.0 Staking Upgrade
Ethereum wallets containing 32 more or more ETH, the amount needed to stake a validator node under the upcoming ETH 2.0 upgrade has hit an all-time high. The number of Ethereum network balances with 32 ETH or more has been nearing 120,000, in anticipation of the proposed ETH 2.0 update. Validating nodes will be replacing miners in the current proof-of-work system to validate transactions to maintain the Ethereum blockchain. Over the year, the number of wallets holding at least 32 ETH has risen around 15 percent, according to Nansen AI. Although the ETH 2.0 upgrade has been delayed several times, the major upgrade is expected to be deployed in July.
Cardano’s Allegra Hard Fork Scheduled for Next Week, Node Release 1.24.2 Successfully Deployed
The next Cardano protocol update, which includes the hard fork combinator (HFC) event Allegra, will take place on Dec. 16.
Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges
Chaintope, a Japanese blockchain startup, has developed a public blockchain protocol known as Tapyrus to tackle some of the governance issues currently being witnessed in the blockchain space. For instance, some of the challenges noted in public blockchains include privacy concerns and sluggish transaction speeds.
DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack
Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.