Coinbase-backed Base to improve decentralization with fault proofs
    25 Oct 2024
    75 Views

    Base, an Ethereum layer-2 blockchain incubated by Coinbase, is set to become more decentralized with the introduction of a new fault-proof system. Base took to X on Oct. 23 to announce the upcoming mainnet launch of fault proofs, or mechanisms intended to verify the correctness of transactions, such as the validity of withdrawals. With fault proofs coming…

    ‘Unusually’ large Bitcoin ETF inflows spark concerns of BTC price decline
    25 Oct 2024
    83 Views

    Spot Bitcoin exchange-traded funds (ETFs) within the United States have grabbed a significant amount of inflows in recent times, and analysts are concerned that it may lead to history repeating and Bitcoin’s price sliding. “Historically, this kind of activity has been followed by bearish price movements, and we may be seeing the beginning of a…

    Ethereum ‘Verge’ upgrade to enable nodes on phones and smartwatches
    25 Oct 2024
    109 Views

    Ethereum co-founder Vitalik Buterin said the network’s next upgrade, called “The Verge,” is designed to make Ethereum more secure and accessible, allowing its nodes to run on devices as small as a “phone or smartwatch.” The Verge aims to reduce hardware requirements using “stateless verification,” which will allow nodes to verify blockchain blocks without storing…