Ethereum Price Today – Ethereum Update: ‘Berlin’ Hard Fork, EIP-1559, ETH 2.0 Beacon Chain, First ETH ETH | Zoom Fintech
This article provides an update (at 08:45 UTC on February 27) on some of the currently most popular topics in the Ethereum community.
Hard Fork ‘Berlin’ has been scheduled
According to a report by Fintech Zoom, on February 19, during a meeting of Ethereum lead developers, it was decided to tentatively schedule the Berlin grid upgrade to a block height of 12,244,000, which means April 14.
According to the specifications of the Berlin network upgrade, this hard fork will bring the current ETH 1.0 blockchain to the following Ethereum Improvement proposals (EIP):
Ethereum consultant Ryan Berckmans said yesterday (February 26) that the EIP-1559, which most people in the Ethereum The community thinks it can’t get there soon enough, is slated to launch on the ETH 1.0 mainnet in July.
EIP-1559 is a fee market modification for the current ETH 1.0 blockchain. Specifically, it introduces a transaction pricing mechanism that “includes a fixed per-block network charge that is burned and that dynamically expands / contracts the size of blocks to deal with transient congestion”.
ETH 2.0 tag chain validators
Bitfly’s ETH 2.0 tag chain exploration tool tells us that as of 08:00 UTC on February 27, there were nearly 100,000 active validators, with around 3.19 million ETH (worth of approximately $ 4.74 billion) involved.
First Ethereum AND F
Thursday, February 25, CI Global Asset Management (“CI GAM”) announced that it had “filed and obtained a visa for a preliminary prospectus” in Canada for CI Galaxy Ethereum ETF (“ETHX”). Once launched, it should be the world’s first Ether ETF (ETH).
Kurt MacAlpine, CEO of CI Financial, the parent company of CI GAM, said:
“Cryptocurrencies are transforming the financial world, and we are delighted to launch the world’s first ETF to invest directly in Ether, one of the most popular cryptocurrencies …
“CI quickly establishes a leadership position in this space, after launching CI Galaxy Bitcoin Fund and recently filed a preliminary prospectus for CI Galaxy Bitcoin ETF, in partnership with blockchain and cryptocurrency experts Galaxy Digital. With these funds, we reduce the sticking points that investors traditionally face when buying and holding cryptocurrencies. CI Galaxy Ethereum The ETF is an important addition to this lineup as this emerging asset class is gaining increasing interest and validation.“
CI Galaxy Ethereum ETF will trade on the Toronto Stock Exchange (STX) under the symbol ETHX. It will “invest directly in Ether with its holdings valued using the Bloomberg Galaxy Ethereum Index (“ETH Index”), which is designed to measure the performance of a single ether traded in US dollars. The ETH Index is owned and managed by Bloomberg Index Services Ltd.
The NFT Mania Continues
Two days ago, the NFT Nifty Gateway art marketplace, which was acquired by the crypto exchange from the Winklevoss Gemini twins at the end of 2019, announced that a “1/1 (Which means there is only an alias “BEEPLE”), a graphic designer from Charleston, SC, USA, had just resold on the aftermarket for $ 6.6 million.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.