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.

Tech

EigenLayer's EIGEN Airdrop Might Signal Demise of Once-Popular 'Points'

EIGEN's airdrop comes after a wave of criticism of its distribution plan and points program.

By Sam KesslerMay 9, 2024

Crypto projects are offering "points" to lure in new users. (Sigmund/Unsplash)

Finance

Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back

Neel Somani, founder of Ethereum scaling chain Eclipse, said multiple sexual misconduct allegations circulating against him on X were "false."

By Sam KesslerMay 9, 2024

Eclipse founder Neel Somani has stepped back as a "public face" for the company amid sexual misconduct allegations. (Andrew Gonzalez Photography

Tech

ETH Reverts to Inflationary Asset Following Fee-Reducing Dencun Upgrade

Transaction fees are four times lower on average following the recent Dencun upgrade.

By Oliver KnightMay 9, 2024

Tech

Protocol Village: Omni Launches Open-Source EVM Framework 'Octane' With Sub-Second Finality

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.

By Bradley KeounMay 8, 2024

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Tech

The Protocol: From 'Node Sales' to 'Address Poisoning,' the Money's in Crypto

In this week's issue of The Protocol newsletter, we dive into the crypto industry's fundraising method du jour – it's all about the decentralization! PLUS: Polyhedra says its ZK prover is 2x faster than anyone else's.

By Bradley KeounMay 8, 2024

Tech

Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'

EIP-3074 has drawn both support and concern from the Ethereum community, a code change that is supposed to improve the user experience with wallets on the blockchain.

By Margaux NijkerkMay 7, 2024