Ethereum 2.0 beacon chain launches with over $400m staked

Decentralised computing platform Ethereum has successfully launched its beacon chain for 2.0 with supporters currently staking over $400 million.

Ethereum 2.0 pivots the world’s most popular decentralised app platform to a faster and more efficient Proof-of-Stake consensus.

https://twitter.com/ethereumJoseph/status/1333746118979702786

Developers are building innovative new applications for just about every industry—but there’s one that Ethereum has become...

1 December 2020 | Blockchain

Ethereum 2.0 nears launch with deposit contract expected this week

The long-awaited new version of Ethereum’s decentralised platform is close, with its deposit contract expected to launch this week.

Ben Edgington, a developer at Ethereum-focused software company ConsenSys, posted a blog post this week in which he said: “As I understand it, we are good to go: deposit contract in the next few days; beacon chain genesis 6-8 weeks later.”

Edgington adds the disclaimer that it’s not an official statement.

Ethereum 2.0 is...

20 October 2020 | Blockchain

Decentralised platform Ethereum is hiring a dedicated security team for 2.0

The Ethereum Foundation is hiring a dedicated security team to ensure the next version of the decentralised platform is as robust as it needs to be.

A lot of money relies on the security of Ethereum. The explosion in DeFi (decentralised finance) means there is now $4.3 billion "locked up" in Ethereum apps – an increase of 442% over the past three months. Yet, this is tiny compared to the figures we could be discussing in a few years as DeFi growth continues and more use cases...

4 August 2020 | Blockchain

Elon Musk is not ‘for or against’ decentralised platform Ethereum

Elon Musk says he's not "for or against" decentralised platform Ethereum, following rumours of using it for a project.

Musk was responding to a tweet from cryptocurrency proponent William Shatner, of Captain James T. Kirk fame from Star Trek. The tweet from Shatner was originally posted back in May, but Musk took time off from launching shuttles to respond this week:

https://twitter.com/elonmusk/status/1278730873999949824

Unlike Bitcoin, Ethereum is designed to be...

3 July 2020 | Blockchain