Ethereum
In the world of crypto, Ethereum is the source of innovation, where DeFi, NFTs, Layer 2, and numerous new technologies were created. One of its co-founders, Vitalik Buterin, is a key opinion leader in the crypto world. Ethereum launched a series of important upgrades to transition from proof-of-work (PoW) to proof-of-stake (PoS), which may help to break down the Blockchain Scalability Trilemma and makes Ethereum a “ultra-sound money”.
The EIP-7706 proposal aims to reduce the operating costs of Ethereum L2, change the economic model, and introduce a dual pricing model of Base fee and Priority fee. EIP-4844 proposes Blob Transaction to stabilize transaction fees and will be implemented in 2024. The gas model in Ethereum will also increase restrictions as the network develops, such as the consumption of calldata. This helps L2 development and reduces sequencer costs. This article will introduce the latest Ethereum Gas Fee mechanisms.
5/27/2024, 10:39:01 AM
Fasttoken (FTN) is the native currency of the Bahamut blockchain, a Layer 1 solution built on the Ethereum Virtual Machine (EVM). Launched in 2022, Fasttoken’s utility extends across various Fastex offerings, including Fastex Chain and Fastex Exchange.
5/27/2024, 10:33:01 AM
EigenLayer releases the white paper for its protocol token EIGEN, aiming to increase rewards and participation by generalizing the functions of Ethereum nodes, and introduces mechanisms such as social consensus and token forking to manage related risks.
5/27/2024, 10:23:48 AM
Cellframe's dual-layer sharding design offers customizable sub chains and enhances decentralized app interactions, setting new standards for scalability and efficiency.
5/27/2024, 10:09:09 AM
RISC Zero is one of the leading zkVM developers and has recently launched Steel, a view call proving library based on Alloy. This brings a significant transformation in how developers interact with Ethereum L1 or other EVM chains. Utilizing zero-knowledge proofs and the RISC Zero zkVM, Steel enables developers to perform view calls and provably read and compute the state of Ethereum in a scalable, secure, and cost-effective manner.
5/27/2024, 9:56:03 AM
This article introduces how the Axonum platform integrates AI into Ethereum, enabling native AI model inference within smart contracts through OP Rollup and AI EVM. This has significant implications and potential for the development of decentralized ecosystems.
5/25/2024, 8:56:49 AM
This article delves into the Restaking feature of the Ethereum-based EigenLayer protocol, which allows leveraging staked ETH to support other protocols, thereby increasing capital efficiency and expanding network functionality. However, this innovation brings about new security challenges, including reduced costs for malicious actors and increased demands for platform security.
5/21/2024, 3:15:39 PM
Transaction scalability has always been a hot topic, and this article explores how Monad helps to expand TPS (transactions per second), along with a detailed explanation of its workings. The bottleneck is not in re-execution; the bottleneck is accessing Ethereum's memory. Ethereum's method of storing state in the database makes accessing state difficult (time-consuming and therefore expensive), which is another improvement by Monad.
5/21/2024, 2:20:27 AM
The historical growth issue in Ethereum scalability highlights that the accumulation of new blocks and transactions is the biggest bottleneck. Historical growth is limited by network I/O and node storage space, differing from state growth issues. The article mentions that although the Dencun hard fork introduced blobs to slow down historical growth, it remains a challenge. The EIP-4444 proposal suggests that each node should only keep one year of history, significantly reducing storage burden and stabilizing storage needs.
5/16/2024, 1:42:14 PM
Swell Network is an innovative non-custodial staking protocol offering liquid staking and restaking services, designed to simplify DeFi access and secure the future of Ethereum staking services. Swell has rapidly grown its TVL to $2.1 billion through its unique architecture, which includes the restaking Rollup and EigenDA data layer, as well as a native yield mechanism. The growth of Swell L2 has been particularly notable, with its pre-launch deposits increasing from zero to over $1 billion in just 28 days, demonstrating its potential and leadership in the DeFi sector.
5/16/2024, 4:33:42 AM
The rise of Ethereum in the field of stablecoin development stems from its powerful blockchain platform and smart contract capabilities, providing a solid foundation for stablecoin innovation.
5/15/2024, 5:13:45 AM
This article explores how DeFi protocols generate revenue through several means; from direct charges to indirect sources, ensuring sustainability and financial innovation in the decentralized finance ecosystem.
5/15/2024, 2:39:49 AM
Vitalik Buterin has proposed EIP-7702, which could be one of the most significant changes in Ethereum's history. EIP-7702 aims to improve account abstraction, allowing smart contracts to be used as accounts, thereby enhancing functionality and security. It is highly compatible with EIP-4337, which has been widely adopted on platforms like Polygon. EIP-7702 achieves the temporary delegation of EOAs (Externally Owned Accounts) to smart contracts by temporarily populating the contract code field of an EOA with smart contract code, without the need for a hard fork. This could transform how users interact with Web3 applications.
5/14/2024, 1:53:13 PM
This article provides an in-depth analysis and comparison of the different approaches and unique architectural aspects of the EigenLayer and Babylon projects in improving blockchain network security and providing additional rewards for users.
5/13/2024, 10:35:41 AM
Consider a contract that commits to purchasing Ethereum at a specific price at a future time. These derivative contracts are traded via Ether (ETH) futures exchange-traded funds (ETFs), providing a regulated method of investing in Ethereum using a brokerage account.
5/11/2024, 5:53:44 PM