A lively debate on Reddit Friday resurfaced the discussion of whether the computing infrastructure built on top of Ethereum is too centralized. According to on-chain data, approximately 32% of all Ethereum nodes operate on Amazon AWS servers. However, Amazon claims the number to be closer to 25%. Pompliano increased awareness of the issue in 2020…
Ethereum developers pick September 19 for Merge
Ethereum (ETH) developers picked a mid-September target for when the Merge will happen during a conference call on July 14. The developers discussed the steps needed before the Merge could happen, and Tim Beiko, who organized the meeting, recommended September 19. This merge timeline isn’t final, but it’s extremely exciting to see it coming together. Please…
Ethereum Merge will not reduce gas fees, DeFi researcher says
DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of…
Only 17% of Ethereum stakers are in profit as validator deposits decline
83% of Ethereum (ETH) stakers are underwater as the digital asset continues to trade at around $1000, Glassnode reported on July 6. Source: Glassnode Parsec Finance founder Will Sheehan first revealed this on Twitter on July 1 with a chart that showed only 17% of Ethereum validators were in profit. ETH stakers by entry price…
Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC
The source of the current market volatility and liquidity issues with companies such as Celsius and Three Arrows Capital could be directly linked to staked Ethereum (ETH) on Lido, according to a June 29 report by analysis firm Nansen on the impact of the stETH/ETH depeg on the crypto industry. Infinite money glitch When Ethereum…
What does the Gray Glacier upgrade mean for the Ethereum Merge?
MThe Ethereum network is scheduled to undergo the Gray Glacier upgrade at a block height of 15,050,000 — expected to occur on June 30 at approximately 11:00 BST. During this time, exchanges will temporarily stop Ethereum and some ERC-20 services for a short period, including deposits and withdrawals. Holders should consult their exchange for specific…
What Lido staking dominance may mean for Ethereum’s future
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lido DAO token holders have commenced voting to determine whether the DeFi platform should reduce its staking pool. The vote is a follow-up to a governance proposal released on June 24. The voting process results from a month-long deliberation over Lido’s…
Why dYdX is leaving Ethereum and StarkWare for a native chain on Cosmos
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The order book decentralized exchange, dYdX, is leaving the Ethereum blockchain to set up a native chain on the Cosmos ecosystem. The move is a surprise as the project defines itself as offering “advanced cryptofinancial products, powered by the Ethereum blockchain.”…
Ethereum to shutdown 3 testnets after Merge
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Details have emerged that only the Goerli and Sepolia testnets would continue to operate once the highly anticipated Ethereum Merge is completed. According to a blog post by the Ethereum Foundation, the Kiln, Rinkeby, and Ropsten testnets would be deprecated because…
The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX
CryptoSlate recently caught up with Nischal Shetty, Founder of India’s biggest crypto exchange WazirX to discuss layer 1s, the human role in blockchain, validator responsibilities, proof-of-stake governance, and decentralization. With the recent chaos with the governance of Terra Luna and the imminent Ethereum merge, we asked Nischal for his insight into the on-chain voting and…