News from the largest cryptocurrency project since Bitcoin. In this section, you'll find Ethereum news, information about Ethereum 2.0 staking, how the Ethereum blockchain works, and the current ETH price. Read the latest Ethereum cryptocurrency news on ForkNews.
The Ethereum network processed the lowest number of transactions for the entire current year, with just 490,000 transactions, according to Etherscan. The number of transactions dived during the 24-hour period, down more than 100,000 from 620,000 constant.
A unique American online auction, there are more than 100,000,000 registered users around the world who use instant payments to buy/sell a variety of goods. It's not surprising that one of the largest retailers in the world, with $10 billion in revenue and nearly $2 billion in annual profits, couldn't stay away from blockchain technology and its ability to enable instant transactions.
According to the Chinese cybersecurity company Qihoo 360 Netlab, a group of hackers stole coins worth more than $20 million from applications on the Ethereum network. The attack became possible due to unprotected network ports of Ethereum nodes (default RPC port: 8545).
Parity Technologies has warned users that a vulnerability discovered in the testnet network could spread to the Ethereum network if an update is not installed. In this case, user transactions will no longer be synchronized with the Ethereum network and will be blocked.
At the OmiseGO AMA session, Vitaly Buterin announced that he had found a completely new solution to scalability problems. The creator of Ethereum has announced an improvement that will take it from processing 15 transactions per second now to processing 1 million transactions per second in the future.
Ethereum has taken another important step towards the final transition from PoW to PoS; the developers have already published the first release of the long-awaited Casper network update.
US federal regulators are currently studying whether Ethereum can be considered a security. According to the Wall Street Journal, regulators at the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are examining whether many cryptocurrencies - not just ICOs - should be regulated under federal securities laws.
Ethereum developers decided to go even further, this time directly into space. The National Astronautics and Space Administration (NASA) has teamed up with the University of Akron to explore the possibilities of Ethereum blockchain technologies to improve space communications and navigation.
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