EUR/USD 1.17172
-0.241%
Gold 4331.47
0.290%
Oil 57.152
-0.484%
USD/JPY 156.871
0.128%
GBP/USD 1.34562
-0.126%
GBP/JPY 211.093
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 3rd - Yesterday, the national railway system transported 12.213 million passengers. Today, the railway system will see a peak in return travel. Data from the China State Railway Group shows that the national railway system is expected to transport 17.45 million passengers, with 1,343 additional passenger trains planned. Data from the 12306 railway website shows that tickets are still available on some routes.Haikou Customs reported on January 3 that on the first day of the New Years Day holiday, Hainans offshore duty-free sales reached 148,000 items, a year-on-year increase of 30%; the number of shoppers reached 32,000, a year-on-year increase of 45.8%; and the total shopping amount reached 251 million yuan, a year-on-year increase of 93.8%.1. According to multiple foreign media reports, BYD has surpassed Tesla to become the worlds top-selling electric vehicle manufacturer. 2. Teslas Q4 2025 deliveries declined more than expected, marking its second consecutive year of sales decline. 3. Samsung Electronics CEO proclaims "Samsung is back": HBM4 has received high praise from customers for its unique competitive advantages. 4. Samsungs IT and cloud services subsidiary, SDS, will invest 427 billion won to build an AI data center in South Korea. 5. Biren Technologys shares surged 75.8% on its first day of trading. 6. Documents show that Brazils antitrust agency, CADE, has launched an investigation into Microsoft. 7. According to Hong Kong Stock Exchange documents, Huizhou EVE Energy Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange. 8. Rivian, the US electric vehicle company, produced 10,974 vehicles and delivered 9,745 in Q4. 9. The Indian government under Prime Minister Modi is ramping up efforts to build a domestic supply chain and has approved $4.6 billion in investment in electronic components.According to ship movement data disclosed by foreign media on Friday, at least seven oil tankers bound for Venezuela have changed course or stopped at sea.The Dow Jones Industrial Average rose 319.10 points, or 0.66%, to close at 48,382.39 on Friday, January 2; the S&P 500 rose 12.97 points, or 0.19%, to close at 6,858.47; and the Nasdaq Composite fell 6.36 points, or 0.03%, to close at 23,235.63.

Ethereum Development 55% Complete After Merge: Vitalik Buterin

Alice Wang

Jul 25, 2022 15:13



Vitalik Buterin discussed the long-term viability of the network on July 21 at the annual Ethereum Community Conference (EthCC) in Paris.


With just two months before Ethereum (ETH) switches from energy-intensive proof-of-work mining to proof-of-stake consensus, the highly anticipated Merge was a hot subject.


To an audience of developers, Buterin said, "After the merging, you will be able to construct an Ethereum client that does not even know the proof-of-work phase has occurred."


He continued by saying that developers still had a lot of work to do since the network as a whole will only be "55 percent complete until we conclude the Merge." Although there may be delays, September 19 has been set aside for The Merge, which will connect the current Ethereum chain with the fresh Beacon Chain.

Massive Planned Ethereum Scaling

The transaction costs associated with Ethereum, which soar when the network is overloaded, are one of the most often voiced grievances. As a consensus change, The Merge won't resolve this problem, therefore transaction fees will continue to vary and become more costly during periods of high block space demand.


As the network grows, this problem will be addressed by upgrades scheduled for the next year.


 Ethereum "will be a far more scalable system by the conclusion of this road plan," said Buterin, adding that it "will be able to perform 100,000 transactions per second" by then. The network can only handle 15-20 transactions per second at the moment, which makes wider adoption impractical.


Buterin suggested more improvements with the rhymes "surge," "verge," "purge," and "splurge" in addition to the present one. These are a component of the network's cleaning phase and scale development, which are anticipated to be implemented in the next years.


He continued by saying that there will be significant adjustments to the security model, token supply, and monetary policy of Ethereum. Currently, around 5.5 million ETH are still being issued annually for Ethereum. Once the Merge takes place, the EIP-1559 upgrade's transaction fee burning procedure will render issuance deflationary, causing the supply to gradually decline.


More than 2.5 million ETH have been burned or lost when the update was introduced in August 2021. This is worth almost $4 billion at the present pricing.

Merge momentum is still present

Asset values are still rising as a result of these monetary characteristics, which are the exact opposite of inflationary fiat currencies. As interest in Merge rises, ETH has gained 33% over the previous week.


Following a monthly gain of 40%, ETH was up 2.5 percent on the day and trading at $1,578 at the time of writing. It is driving the current crypto market rise, but next week's macroeconomic data and worries about a recession may swiftly send everything spiraling downward.

Suggestion