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VeChain Faces Pressure With 0.938 Risk Value and $0.02–$0.03 Zone
VeChain trades below $0.03 as the short term bubble risk index prints 0.938 bearish while traders monitor $0.02 and $0.03 levels for direction.
Ethereum News
Financial Institutions Switch Back to Accumulating BTC as Bitcoin Breaks Out of 20-Day Downtrend Channel
Bitmine Immersion Adds $65.3 Million Worth of ETH to Its Holdings, Bringing Total Value to $8.4 Billion
Yunfeng Financial Commits $44 Million to Ethereum as Part of Major Web3 and Tokenized Asset Strategy Expansion
Analysts Pleased to See ETH/BTC Pair Drop and Hope BTC Will Lead ETH to Price Discovery Again
Solana Rallies 15% From $187 Long as Traders Watch $210 Breakout
James Wynn Re-Enters Market With $290K Ethereum Long Using 25x Leverage
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The first worthy challenger to Bitcoin was the pioneer altcoin Ethereum (ETH). Co-founded by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di lorio, and Joseph Lubin, the consortium began to develop the blockchain in 2014. After going live on July 30, 2015, the Ethereum network took the world by storm.
As the first blockchain network to introduce smart contracts, Ethereum opened up a new world of possibilities for blockchain technology and allowed for the rapid growth of web3 adoption and growth. The network’s native token Ether (ETH) became the world’s first altcoin. The trustless interactions of this blockchain soon led to the rise of decentralized finance (DeFi) and Non-Fungible Tokens (NFTs).
Crypto gaming also made its debut on the Ethereum blockchain via the crypto NFT game CryptoKitties. This led to the NFT boom leading to the opening of the first NFT marketplace, OpenSea. As more and more users flocked to the Ethereum network, it was inevitable for the platform to face congestion and gas fees issues, considering its consensus model at the time.
As a solution, Ethereum 2.0 came to be. The platform shifted to a Proof-of-Stake (PoS) mechanism from its previous Proof-of-Work mechanism and now is pleased to offer lower gas fees and faster transactions. Thus, Ethereum continues to adapt and improve its blockchain to meet the demands of the industry and Crypto News Land will ensure that you won’t miss a single update from this leading innovation blockchain platform.