Hard Fork

Fork, yeah! Cardano Vasil upgrade goes live

After several months of delays, the Cardano Vasil upgrade and hard fork has finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain. The success of the Cardano mainnet hard fork was announced by blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others also observed the hard fork tick over in a live Twitter Spaces with Cardano co-founder Charles Hoskinson. #Vasil mainnet HFC event successful! We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.1/5 — Input Output (@InputOutputHK) September 22, 2022 IOHK previously stated the...

Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved

The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met. A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges had confirmed their readiness for the hard fork, representing over 87% of Cardano’s (ADA) liquidity. With this latest addition we have met all 3 critical mass indicators: 39 exchanges upgraded (87,59% by liquidity)Over 98% of mainnet blocks are now being created by the Vasil node (1.35.3)The top Cardano #DApps by TLV have confirmed they have tested and are ready — Input Output (@InputOutputHK) September 21, 2022 Of the top exchanges for ADA liquidity, Coi...

Hardware wallets to take similar approach to potential Ethereum hard fork

Ethereum’s blockchain Merge is expected to take place around 5:05 am UTC on Sept. 15. It is a milestone that marks a full transition toward proof-of-stake for Ethereum and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW). Some miners are also getting ready for a hard fork that would allow them to continue using PoW consensus. Forked coins have proven to be lucrative in the past. The holders of Ether (ETH), for example, came to possess an equivalent amount of Ethereum Classic (ETC) when it forked in 2016. In the event of a new hard fork, in which the Ethereum blockchain would split into two different networks, users holding ETH on-chain would have an equal balance of ETHPoW (ETHW) on the forked chain. This would be an addit...

Ethereum’s potential fork ETHPOW has crashed 80% since debut — More pain ahead?

The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success.  ETHPOW drops 80%  On the daily chart, ETHW’s price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut. ETHW/USD daily price chart. Source: TradingView For starters, ETHPOW only exists as a futures ticker, for now, conceived in anticipation that an upcoming network update on Ethereum could result in a chain split. Ethereum will undergo a major protocol change called the Merge by mid-September, switching its existing consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). Therefore, Ethereum will obsolete its army of miners, replacing them with “validators,” which are nodes that woul...

Hive Blockchain explores new mineable coins ahead of Ethereum merge

Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday. According to the update, Hive started implementing beta-testing of various GPU-mineable coins this week as the Ethereum Merge PoS is expected to occur in mid-September. Hive’s technical division is specifically implementing a strategy to optimize its Ethereum mining capacity, which amounts to 6.5 terahashes per second. “The company acknowledges the potential Ethereum Merge to Proof of Stake,” Hive said in the update. It noted that it sees a c...

Vitalik reminds node operators to update client before the Bellatrix upgrade

Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge. The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients! — vitalik.eth (@VitalikButerin) September 6, 2022 An Ethereum client is the software that allows Ethereum nodes to read blocks on the blockchain and smart contracts. A “node” is the running piece of the client software. In order to run a node, one has to first download an Ethereum client applicati...

Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum’s Merge event. #Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on the following networks starting from September 6, 2022 at 02:00am UTC. ETH (Arbitrum) ETH (OP) WETH (RON) — Binance (@binance) September 5, 2022 In the announcement, the company shared a list of tokens and networks that will be impacted during the Merge — Namely ETH (Arbitrum), ETH (OP) and WETH (RON). The company stated that deposits of Ethereum (ETH) and Wrapped Ethereum (WETH) made on these networks during the suspension will not ...

Sept. 22 is the date for Cardano’s Vasil hard fork launch, 3 months after target date

Cardano has set September 22 as the date for its Vasil mainnet upgrade, founder of the blockchain Charles Hoskinson announced on his YouTube vlog Friday. The hard fork was originally scheduled for June of this year and rescheduled twice. According to Cardano-associated R&D company Input Output Hong Kong (IOHK), which worked on the update, three necessary critical mass indicators have been reached: “1. 75% of mainnet blocks being created by the final Vasil node candidate (1.35.3)  2. approximately 25 exchanges upgraded (representing 80% of ada liquidity)  3. top 10 DApps by TVL confirming they have upgraded to 1.35.3 on PreProduction and are ready for mainnet.” IOHK wrote that, of the top 12 crypto exchanges, MEXC and Bitrue are “ready” for the upgrade, while Binance is “nearl...

Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop

ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance. Additionally, Cardano developer IOHK stated that they are close to clinching “three critical mass indicators” that would lead to the launch of their long-awaited Vasil hard fork in September. Vasil aims to improve Cardano’s scalability and transaction throughput through pipelining. The upgrade could also improve the decentralized application (DApp) and smart contract capabilities by changing the Plutus script, a programming language used for smart contracts on the Cardano blockchain. This week, we’re well on our way to hitting our...

Cardano hard fork ‘ever closer’ as upgraded SPOs account for 42% of blocks

Input Output Hong Kong (IOHK), the blockchain company behind the Cardano network says the much anticipated Vasil hard fork is “ever closer” after revealing the state of three critical indicators that will trigger the mainnet update.  In a Twitter thread posted on Aug. 25, IOHK shared its latest “rollout status” of the Vasil upgrade to its 265,800 followers, with updates on “three critical mass indicators” which will determine when the mainnet update will go ahead. This includes having 75% of mainnet blocks produced by nodes running 1.35.3, around 25 exchanges upgraded (representing 80% of liquidity) as well as the top ten key mainnet Dapps also having upgraded. on Thursday, the blockchain company noted that Stake Pool Operators (SPOs) running the latest node 1.35.3 now account fo...

Ethereum Merge prompts miners and mining pools to make a choice

The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug. 11. At present, miners can create new Ether (ETH) by pledging a huge amount of computing power. After the Merge, however, network participants, known as validators, will be required to instead pledge large amounts of pre-existing ETH to validate blocks, creating more ETH and earning staking rewards. The three-phase transition process began on Dec. 1, 2020, with the launch of the Beacon Chain. Phase 0 of the process marked the beginning of the PoS transition, where validators started staking their ETH f...

EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?

EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem. EOS/USD daily price chart. Source: TradingView EOS incentive program launch On Aug. 14, the EOS Network Foundation (ENF), a nonprofit organization that oversees the growth and development of the EOS blockchain, opened registrations for its upcoming Yield+ incentive program. The Yield+ is a liquidity incentive and reward program to attract decentralized finance (DeFi) application...

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