ethereum revamp – pressnews

[ad_1] The Ethereum network is set to undergo a technical revamp on April 12 that will allow users to withdraw tens of billions of dollars of its native token, Ether. Known as the “Shanghai” upgrade, it's a necessary step after the world's most commercially important crypto platform shifted to a less power-hungry process for ordering transactions. Investors burned by recent turmoil in crypto markets will be wondering if, presented with their first opportunity to withdraw their tokens, some Ether holders will run for the hills. 1. What is Ethereum?It's a computer network that hosts what are known as smart contracts — self-executing software agreements in which a chain of actions can flow from defined conditions and contingencies. Since it was introduced by crypto entrepreneur Vitalik But...

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3.8% on Friday and was trading around $1,475 as of 12:40 p.m. in Singapore following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a...

Tag: ethereum revamp

Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade

Ether Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event