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

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

Sports Illustrated Launches NFT Ticketing Platform on Polygon

Sports Illustrated's ticketing marketplace SI Tickets has developed "Box Office" in partnership with Ethereum software company ConsenSys.

By Jamie CrawleyMay 2, 2023

Web3

Sotheby's Launches On-Chain Secondary NFT Marketplace

Sotheby’s Metaverse will now offer a curated, peer-to-peer marketplace via the Ethereum and Polygon networks.

By Rosie PerperMay 1, 2023

XCOPY "Departed" and "Right Click Save Guy" (Sotheby's Metaverse, modified by CoinDesk)

Markets

CoinDesk Indices, Crypto Asset Manager CoinFund Launch an Ethereum Staking Benchmark Rate

The benchmark is derived from daily transaction fees and staking rewards generated by Ethereum, bringing pricing tools that institutional investors expect into digital assets.

By Sam ReynoldsApr 27, 2023

Finance

Crypto Innovation and Regulation Can Co-Exist, Top Industry Executives Agree

In a wide-ranging panel discussion at Consensus 2023, a quartet of senior crypto industry executives discussed what's next in the digital asset market's evolution.

By Glenn Williams Jr.Apr 27, 2023