Ethereum Archives - The Block

OKX DEX Integrates with Linea Bridge and Orbiter

Vitalik Buterin calls Craig Wright a fraud

OKX has integrated Linea Bridge and Orbiter to provide better cross-chain trading for users.

By automatically finding the best trading route and cross-chain bridge, this integration allows OKX to provide industry-leading low prices and ease of use when swapping ETH to Linea.

Linea is a network that scales the experience of Ethereum. Its out-of-the-box compatibility with the Ethereum Virtual Machine enables the deployment of already-existing applications, as well as the...

8 August 2023 | Cryptocurrency

Chainlink CCIP launches on Mainnet

The Space Shuttle Challenger launching from Complex 39.

Chainlink, the industry-standard Web3 services platform, has revealed that the Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Ethereum, Optimism, Polygon and Avalanche blockchains.

Leading DeFi protocols are adopting CCIP to power cross-chain smart contracts, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol. On July 20, CCIP will become...

18 July 2023 | Blockchain

Coinbase wants inflation-pegged flatcoins on layer-2 ‘Base’ network

US crypto exchange Coinbase wants inflation-pegged “flatcoins” to be one of four “critical” innovations it hopes to see on its newly launched layer-2 network, Base.

The company also wants developers to explore an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools to improve safety in decentralised finance (DeFi).

Coinbase announced the four areas in a ‘Request for Builders’ post, published a month after launching Base – a...

27 March 2023 | Blockchain Applications

Ethereum Shanghai hard fork set to launch 12 April

Ethereum’s much anticipated Shanghai hard fork is set to go live on 12 April, bringing several upgrades that complete the network’s transition to a proof-of-stake consensus.

The mainnet upgrade includes five Ethereum Improvement Proposals, most notable of which is EIP-4985, enabling staked Ether to be withdrawn on the Beacon Chain.

This will finalise Ethereum’s transition from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.

Ethereum...

18 March 2023 | Ethereum

Lido Finance adds staking limit after 150k ETH staked in one day

Liquidity staking protocol Lido Finance activated safety features to limit staking after more than 150,000 Ether was staked on the platform in a single day.

The decentralised finance (DeFi) protocol is popular amongst the crypto community as a tool to stake digital assets like Ether (ETH) without having to lock them away.

When Lido users deposit Ether, the tool issues a liquid version of their tokens back to them called staked Ether (stETH), rewarding users for each day...

27 February 2023 | Blockchain Applications

Coinbase is launching its own layer-2 network, called ‘Base’

US crypto exchange Coinbase is launching its own Ethereum layer-2 network, called Base.

The NASDAQ-listed company says the new network will provide a low-cost and developer-friendly environment for creating decentralised apps (DApps).

Base has been designed as a bridge to onboard users into the crypto economy, providing access to other layer-1 blockchains like Solana and making it interoperable with other...

24 February 2023 | Cryptocurrency

Ethereum decreased its annual CO2 emissions by over 21M tons

Over 109M more trees would have been needed to offset Ethereum’s CO2 emissions prior to its switch to a more efficient consensus.

Ethereum switched to a Proof-of-Stake (PoS) consensus last year in an event called The Merge. Regardless of personal views on Ethereum and the wider blockchain and web3 space, The Merge was broadly seen as an incredible feat of open-source engineering.

The Merge is the first major step on the road to Ethereum 2.0 which aims to tackle the...

23 January 2023 | Blockchain

Polygon implements hard fork to reduce gas spikes

Ethereum layer-2 scaling solution Polygon has undergone a hard fork to reduce gas spikes and address issues that have impacted users on its proof-of-stake (PoS) chain.

The fork was code into block 38,189,056 and no centralised actor initiated the shift. Polygon informed validators that they would have to update their nodes earlier this week.

https://twitter.com/0xPolygon/status/1615370181630652417

87% of the 15 voters making up Polygon’s governance team voted in...

17 January 2023 | Blockchain Applications

Visa will ‘actively contribute’ to web3 development

Visa refuses to become a dinosaur and will “actively contribute” to developing the web3 and crypto ecosystem.

Aside from maximalists, few experts believe that crypto poses an existential threat to fiat currencies. Legacy payment processors like Visa and Mastercard have increasingly been joining the web2-era disruptors like PayPal and Square in supporting the web3 and crypto ecosystem.

Greater public adoption of “crypto” will likely come through CBDCs (Central...

20 December 2022 | Altcoins

Russian Sberbank integrates blockchain with MetaMask

Russia’s largest bank Sberbank has given its blockchain platform access to the Ethereum blockchain through an integration with software wallet MetaMask.

The bank’s proprietary blockchain platform is now compatible with Ethereum applications and smart contracts, meaning developers can work interchangeably between either network.

Sber Blockchain Lab, the bank’s web3 arm, has also announced a MetaMask integration to further support interoperability between the...