Calls for Ethereum Breakout Grow in Run Up to “Phase 0” Launch
Technical chartists extended their Ethereum price target beyond $400 as the blockchain inched towards a major protocol upgrade. The ETH/USD exchange rate surged to its multiweek high near $378 last week amid a broader crypto market rebound. The new capital came following hopes of the second US stimulus package, a deal that remains stuck on […]
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A lot of the work is done in parallel, meaning scalability is closer than it seems. Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project.The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon Chain that enables staking but has no effect on the application layer. Phase 1 introduces sharding of data, increasing storage capabilities without directly influencing....
A recent runup in the Bitcoin market has prompted many analysts to see BTC/USD pair breaking above $50,000 in the coming daily sessions.
MGT Capital Investments, the John McAfee-led investment firm that owns operates a bitcoin mining facility in Washington has begun “Phase Two” of its mining operations, which sees a goal to expand its processing power to more than five PetaHash this year. New York-based MGT Capital has begun what it calls as “Phase Two” of its bitcoin mining operation in central Washington, a location chosen for its proximity to low-cost hydroelectric power. As the miner turns up the dial, it expects its processing power to exceed five PetaHash by the end of 2016. In comments, CEO and executive Chairman....
Bitt has launched a blockchain-based version of the Barbadian dollar, a new product that it believes will help its service appeal to underbanked users in its home country. The announcement follows two days of local engagement, including a private launch on Monday held at local restaurant Buzo Osteria Italiana, and an international launch during a cruise on Tuesday that took place in conjunction with the Financial Cryptography and Data Security 2016 conference in Barbados. So far, the engagements have earned Bitt coverage from the Caribbean Broadcast Corporation (CBC), as it seeks to better....
Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion. Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project's transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding:“Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go....