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Ethereum 2.0 Inches Closer | Pre-Release Currently Stable

Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release.

Ethereum 2.0

The new post explains:

“[This] marks the first release in a series of weekly releases through February 2019. Phase 0 in v0.1 is relatively feature complete and approaching stable. Subsequent changes will occur on dev branch and only merged into master during a release accompanied by a changelog.”

Ethereum 2.0 is also known as Serenity. This is the system’s final upgrade as the entire system shifts from Proof-of-Work (PoW) to Proof of Stake (PoS). The devs behind Ethereum have been steadily working on a solution to switch from PoW to PoS since 2015.

Now it seems the project has a clear plan. Serenity represents the last in a series of four stages set out in the platform’s new roadmap. Currently, the network is in its third development stage. In this stage, there were two system-wide hard forks—Constantinople and Byzantium. Both of these upgrades were to pave the way for Ethereum 2.0. Serenity’s release date is still TBD.

The latest upgrades didn’t come without issue. In Constantinople’s release, a vulnerability issue was immediately discovered and dealt with.

Ethereum 2.0 Buzz

>> IBM Blockchain Trial Successfully Completed with Mandarins

The Ethereum community is buzzing at its latest development. Even Ethereum’s co-founder, Vitalik Buterin, responded to the buzz via his personal Twitter.

In October of 2017, Casper FFG was released. The consensus model was aimed at a PoS-PoW hybrid consensus model designed to provide stronger economic finality and security.

This is big news for ETH investors and those interested in Ethereum. At the time of writing, ETH is trading at $107.05 a share, up 0.13% today. The digital currency remains the third-largest cryptocurrency by total market cap, just behind XRP.

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Ethereum Hard Fork Draws Near

Ethereum (ETH) is up over 71% for the month, as its devs prepare for its upcoming hard fork. The major hard fork was supposed to take place in 2018 but was pushed back. Since then, the whole Ethereum community has been steadily working to bring this thing to life. Now, it finally has an end date. The hard fork is scheduled to occur on block #7,080,000, which should happen around January 16th.

Ethereum Constantinople Countdown

This particular hard fork has been in preparation since 2017, and it promises key upgrades to the Ethereum network.

In addition to the upgrades to Geth and Parity, Rinkeby will also receive an upgrade. This testnet hard fork is set to take place tomorrow at 13:00 UTC. The Ropsten Testnet was the first to receive an upgrade, back in October. However, it was plagued quickly with several issues. This is what caused Ethereum Constantinople to be pushed back.

>> GMO Internet Group Takes Big Hit in Mining Revenue Yet Increases BTC Rewards

After this upgrade failure, a core developer of Ethereum said that they had discovered a consensus bug in the Parity implementation of Ethereum. In addition to the bug, there were also concerns that there weren’t enough miners on Geth, Parity, or Aleth for Ropsten. Hopefully, the upgrade expected on the 16th will go without flaw, considering how long it’s been in preparation.

Ethereum (ETH) Price Rise

This past month, ETH has rose a substantial amount. The cryptocurrency market received quite a boost around Christmas. Since then the market has corrected some but on a better path than 2018.

At press time, ETH is trading at $150.57 a share, down -1.03% in 24 hours. For the week, ETH is up 8.1% and for the month, the digital currency is up 71.1%. ETH is currently the second-largest digital currency by total market cap. Currently, the total cryptocurrency market cap is sitting just above $135 billion.

Are you ready for the Ethereum hard fork?

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EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH).

The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again. 

EOS

EOS remains the fifth-largest cryptocurrency by total market cap. The blockchain project is run by Block.one. Last year, Block.one held the EOS Global Hackathon, which gave prize money for building on the EOS blockchain.

It seems the marathon was deemed a success, due to the company’s latest tweet. Despite the downturn of the crypto market in 2017 and loss of jobs across the board, Block.one is hiring in 2019.

Many major blockchain projects and news outlets had to make job cuts throughout 2018 due to lack of interest and money being poured into the industry. It seems EOS is going strong, despite the dip.

According to CoinMarketCap, EOS is currently trading at $2.67 a share, up 0.11% in 24 hours.

Ethereum (ETH)

Ethereum had quite a bull run this past week and regained its second-largest cryptocurrency by total market cap spot once more. ETH is up over 11% for the week.

>> Ethereum will Hold Apple and Tesla Stock Next Week

Vitalik Buterin has been tweeting his opinions on government and the world lately, but not giving Ethereum updates. However, just before Christmas, the Ethereum co-founder reminded the crypto community of this:

Casper is an important progression in Ethereum, so positive movement none-the-less. The co-founder has never concerned himself with the price of ETH and has always focused on the tech. Proof-of-stake implementation on the Ethereum blockchain began back in June of 2018 and developers are steady at work advancing it.

According to CoinMarketCap, ETH is currently trading at $150 a coin, up +0.91%.

Will 2019 be a strong year for EOS and Ethereum (ETH) foundationally? We shall see!

Featured Image: Depositphotos © znm666

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Ethereum will Hold Apple and Tesla Stock Next Week

A digital exchange opening next week allows investors to trade in major public companies using digital currency on Ethereum. DX.Exchange is a first of its kind in the cryptocurrency space. The exchange allows trades to occur even when the markets are closed.

Stocks Held on the Ethereum Blockchain

DX.Exchange will at first offer digital tokens based on shares of ten Nasdaq-listed companies. The company plans on expanding to the New York Stock Exchange in the future.

“We saw a huge market opportunity in tokenizing existing securities,” Daniel Skowronski, CEO of DX, told Bloomberg via email. “We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.”

Stocks such as Apple, Facebook, and Tesla will be available to be traded on Ethereum. The exchange’s digital stock offering will be a true test to see if investors are interested in the offering. Skowronski told Bloomberg that he doesn’t need permission from the US Securities Exchange because the company isn’t offering its services to Americans.

Currently, DX has full authorization to operate in the European Union. The company believes it could hold advantages over traditional shares due to being open 24 hours. In addition to constant trades, investors are able to buy fractions of a stock and not the full share like traditional markets. All trades will be held permanently on the Ethereum blockchain.

>> Did You Hear the News? Monero Now Accepted at Fortnite Merch Store!

It is unlikely that these companies will receive any sort of compensation initially from DX. While public companies don’t earn profits from shares on major exchanges, they do receive money during their initial public offering (IPO).

Currently, DX runs all its operations out of Israel and Estonia. The exchange also has plans of targeting public companies trading in Tokyo and Hong Kong soon.

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Ethereum (ETH), EOS, and Litecoin (LTC)

Ho-ho-ho, looks like Santa put crypto on the nice list. Crypto is in the green today! We’re going to take a closer look at Ethereum (ETH), EOS, and Litecoin (LTC) to see if anything is going on with these coins.

Let’s dig in!

Ethereum ETH

At the time of writing, ETH is selling for $135.10, which puts the coin up 14.02% in the past 24 hours.

Ethereum
Source: CoinMarketCap

With a market cap of $14.06 billion, Ethereum is now the 3rd largest cryptocurrency, beat out by Ripple (XRP) not too long ago, and of course, Bitcoin (BTC) as usual.

The Ethereum team is currently looking for dApps that will have an impact on the economy and on communities across the globe by solving real-world issues. If you’re building a dApp for ETH that you think is worthy of the cause, then consider filling out the survey provided by the team. You might just have the next big dApp!

EOS

At the time of writing, EOS is selling for $2.68, which puts the coin up 13.03% in the past 24 hours.

Ethereum
Source: CoinMarketCap

EOS is the 5th largest cryptocurrency and has a market cap of $2.43 billion.

Like the Ether team, Block.one is also on the lookout for dApps being built on the EOS blockchain. People interested in sharing their EOS dApps are welcome to email the team at spotlight@block.one.

>> Coinbase President: Despite Bitcoin Price Crashes, 2018 was an Innovative Year

(Hands up if you’re developing an Ethereum or an EOS dApp!)

Block.one kicked off the holiday season with a laugh, uploading a behind the scenes blooper reel to its Twitter page:

Litecoin LTC

At the time of writing, Litecoin is selling for $32.57, which puts the coin up 14.23% in the past 24 hours.

Ethereum
Source: CoinMarketCap

Litecoin has a market cap of $1.95 billion and is currently the 7th largest cryptocurrency.

Charlie Lee recently announced that Litecoin has become the official cryptocurrency partner of the UFC. In honor of this, the Litecoin logo will be on the mat! Get ready fighters—it’s Litecoin coming in for the win!

Featured image: Pixabay

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