Ethereum News

Ethereum (ETH) was launched in 2015 by Vitalik Buterin and a team of co-founders as the world's first programmable blockchain, enabling smart contracts and decentralized applications (dApps) that extend far beyond simple peer-to-peer transactions. After transitioning from proof-of-work to proof-of-stake consensus through "The Merge" in 2022, Ethereum now processes transactions more efficiently while maintaining its position as the foundation for decentralized finance (DeFi) and Web3 innovation.

The Ethereum ecosystem encompasses thousands of decentralized applications, from DeFi protocols like Uniswap and Aave to NFT marketplaces, gaming platforms, and layer-2 scaling solutions like Arbitrum and Polygon. Developers, validators, and users interact within this programmable economy where ETH serves as both a digital currency and the fuel powering smart contract execution through gas fees.

CoinDesk covers all aspects of Etherum, from protocol upgrades and scaling developments to DeFi innovation and regulatory implications. Our reporters track everything from Ethereum's roadmap milestones and staking developments to the broader implications of programmable money and decentralized autonomous organizations.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

EY Launches Ethereum-Based Carbon Emission Tracking Platform

The EY OpsChain ESG made the announcement at the firm’s Global Blockchain Summit in London.

By Ian AllisonMay 10, 2023

Tech

Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo

According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”

By Sage D. YoungMay 9, 2023

It’s not Coinbase itself that worries, Halborn COO David Schwed. It's the comparative lack of experience and regulation between TradFi and crypto-natives. (Photo by Steven Ferdman/Getty Images)

Tech

PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain

As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain.

By Margaux NijkerkMay 8, 2023

Tech

Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool

Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved in transactions did not come from blacklisted addresses. Digital Currency Group, owner of CoinDesk, is an investor in Railgun DAO.

By Bradley KeounMay 8, 2023

Videos

Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High

A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like "inscriptions" has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue. "The Hash" panel discusses the milestone and its implications for the Bitcoin ecosystem.

May 5, 2023

Markets

Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market

Users pay the fees, measured in fractions of ether (ETH) known as gwei, to execute transactions on the smart contract blockchain.

By Omkar GodboleMay 5, 2023

Pepe the Frog (PepeCoin's Twitter account)

Tech

CoinDesk Validator ‘Zelda’ Successfully Exits Ethereum as Withdrawal Queue Shrinks to 9 Days

It took about 12 days for Zelda to fully exit the Ethereum blockchain. For any new staking withdrawal requests, the wait to get out has shrunk to nine days from 17 days.

By Margaux NijkerkMay 3, 2023

Videos

Sports Illustrated Unveils NFT Ticketing Platform on Polygon

U.S. sports media company Sports Illustrated is launching a non-fungible token (NFT) ticketing platform called "Box Office" built on the Polygon network, an Ethereum scaling tool. "The Hash" panel discusses the future of NFT ticketing and live entertainment powered by blockchain technology.

May 2, 2023

Web3