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Showing posts with the label upgrade

Ethereum’s Dencun upgrade: EIP-7514 and its impact on ETH price

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Ethereum core developers have included EIP-7514 in the upcoming Dencun upgrade . This proposal slows the growing ETH staking while allowing developers to explore long-term solutions for unchecked staking. EIP-7514 is an Ethereum Improvement Proposal co-authored by Tim Beiko and Dapplion that is meant to slow down the rate of Ether (ETH) staking.  The proposal is part of Ethereum’s Dencun upgrade slated for activation in October 2023, and it is essentially an attempt to buy the community time to come up with a more practical reward scheme for stakers on the network. Next up, we continued a conversation from last week's ACDC call, about whether to add a constant cap to the validator activation queue. The proposal had since then been formalized as EIP-7514: https://t.co/sd4D4GlMRY — timbeiko.eth ️ (@TimBeiko) September 14, 2023 According to some Ethereum developers, if the pace of staking remains unchecked, it will be possible to witness half of all ETH staked by May 2024,...

BNB Beacon Chain prepares to upgrade, hard fork will boost bridge security

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The BNB Beacon Chain, which Binance manages, is preparing for an upcoming hard fork that will introduce substantial enhancements to its blockchain network’s security and functionality. In an announcement on July 12, the “ZhangHeng” upgrade will be on July 19 at block height 328,088,888. Important information about our latest upgrade ️https://t.co/4sJkTJbGeZ — BNB Chain (@BNBCHAIN) July 12, 2023 Safeguarding BNB Chain with BEP-255 implementation The primary focus of this upgrade is integrating Binance evolution proposal BEP-255, which aims to implement an innovative mechanism known as “on-chain asset reconciliation.” This enhancement is proactive in response to potential cross-chain bridge exploits, such as the incident on BNB Smart Chain in October 2022. Binance believes introducing BEP-255 will significantly reduce the impact of such exploits and reinforce the security of assets on the BNB Beacon Chain. Under BEP-255, user balance changes...

Ethereum core developers push Shanghai upgrade to early April

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The final dress rehearsal for Shanghai has been slated for a Mar. 14 launch, while the real thing will happen a few weeks later. Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks. Initially estimated for late March, the Shanghai upgrade will now likely be deployed sometime within the first two weeks of April. The delay was announced at an Ethereum developer meeting on Mar. 2. During the meeting, core developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet launch, which has been slated for Mar. 14. The Goerli testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the mainnet. So looks like Goerli testnet is getting upgraded to Shapella Epoch: 162304 Time: 3/14/2023, 10:25:36 PM UTC See ya on the other side! — terence.eth (@terencechain) March 2, 2023 Ethereum core developer and project coordinator, Tim Beiko, said “for mainnet we us...

Threshold (T) surges 94% on potential coinbase listing, Tezos (XTZ) approaches ‘Mumbai’ upgrade, Snowfall Protocol (SNW) shocks crypto community with its price gains

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Join Our Telegram channel to stay up to date on breaking news coverage Threshold (T) surges 94% on potential Coinbase listing, Tezos (XTZ) approaches ‘Mumbai’ upgrade, Snowfall Protocol (SNW) shocks crypto community with its price gains The crypto market is in a constant state of flux, with new protocols and platforms emerging all the time. Thus, it can be difficult to keep up with all the latest developments, let alone decide which protocol is the best investment. Snowfall Protocol (SNW) is the newest addition to the market, but it’s already making waves in the crypto community. In this article, we will discuss the latest updates of Threshold (T), Tezos (XTZ), and Snowfall Protocol , and why SNW is a better long term investment. Threshold (T) price soars but can decline after today Threshold’s potential inclusion on the Coinbase worldwide exchange was signalled when the company revealed plans to list its T currency. The listing of Threshold (T) on Coinbase has been...