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BTC $65,205.41 +0.35%
ETH $1,924.78 +0.29%
BNB $608.37 +1.18%
XRP $1.04 -0.02%
SOL $77.38 +1.59%
TRX $0.3297 +0.36%
DOGE $0.0704 -0.45%
ADA $0.1983 -0.61%
BCH $216.41 -0.00%
LINK $8.34 +0.03%
HYPE $54.37 -1.26%
AAVE $91.74 +0.25%
SUI $0.7015 +0.88%
XLM $0.1638 -0.66%
ZEC $518.66 +1.56%

ethereum

Ethereum is the first decentralized open-source blockchain with smart contract functionality, first proposed by Vitalik Buterin in a white paper at the end of 2013 and launched in 2015. Ethereum allows anyone to deploy decentralized smart contracts and applications, serving as the foundation for an interoperable, decentralized application ecosystem driven by token economics and automated smart contracts. Assets and applications designed on Ethereum are built through automatically executed smart contracts without the need for central authorities or intermediaries. The network is powered by its native cryptocurrency ETH, which is used to pay transaction fees on the network. Ethereum is characterized by being open-source, programmable, and censorship-resistant, making it a pillar of the decentralized internet.
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first_img SharpLink opposes Ethereum EIP-8363, stating that zero returns will undermine the core reason for institutions to choose ETH

Joseph Chalom, CEO of the Ethereum treasury company SharpLink, posted in opposition to Ethereum Improvement Proposal EIP-8363. According to his disclosure, the current network issues new ETH to validators as staking rewards at a variable yield rate of about 2.75%. If the proposal is passed, it will be implemented in phases over approximately a year and a half, gradually destroying part of the issuance rewards as the staking amount increases. When about 50% of ETH is staked, the staking yield will drop to 0%, and validators will only be able to rely on transaction fees, which currently account for only 15% of staking rewards, to sustain themselves.Chalom presented four points of opposition:Staking yield is the factual benchmark for all on-chain interest rates. The approximately $35 billion TVL of liquid staking tokens is the core collateral for on-chain lending. A yield of zero will raise on-chain capital costs, making actual yields approach or even become negative. Collateral will migrate to assets that still generate yields, and independent stakers and small to medium operators will be the first to be squeezed out.The native yield characteristic is precisely the key reason institutions choose ETH over Bitcoin. Erasing this difference is equivalent to voluntarily giving up its competitive advantage just as ETH is outperforming Bitcoin.Issuance is not a cost to external parties but a transfer of value to security maintainers and builders within the network. Destroying it is a destruction of value rather than a redistribution of this portion of value.The current timing is the worst; Ethereum is in a rising phase of institutional adoption, and destruction incentives will suppress this wave of adoption momentum.He stated that SharpLink agrees with the proposal authors' goal of making ETH scarce and stabilizing the staking rate at a reasonable level, but believes this should be achieved through the existing base fee destruction mechanism rather than altering the economic foundation of the protocol.

The Ethereum Foundation provides security funding to WEBCAT to assist in wallet verification front-end code to prevent phishing attacks

According to official news, the Ethereum Foundation's "Trillion Dollar Security" (1TS) has announced a special grant to the Freedom of the Press Foundation (FPF) to support the ongoing development of the open-source tool WEBCAT, aimed at addressing the long-standing front-end code verification security gap in Ethereum wallets and decentralized applications (DApps).WEBCAT (Web-based Code Assurance and Transparency) is an open-source tool designed to help browsers verify whether the code loaded by a website matches the version publicly released by the developer.This funding will promote the expansion of WEBCAT to Ethereum wallets and application scenarios, enabling users to verify whether the front-end pages they access have been tampered with.The Ethereum Foundation stated that while HTTPS can verify the website a user is connected to and encrypt communication, it cannot prove that the front-end code actually running on the website is the same version released by the developer. If an attacker controls the website's front-end code, they may modify the transaction receiving address without the user's knowledge or induce the user to sign transactions that do not match the content displayed on the page.The Ethereum Foundation noted that front-end attacks have become a significant security risk for blockchain infrastructure, with malicious modifications to web interfaces potentially leading to supply chain attacks, DNS hijacking subsequent attacks, and user interface deception.WEBCAT was initially developed by the Freedom of the Press Foundation to enhance the code credibility of secure communication systems like SecureDrop.With this expansion into the Ethereum ecosystem, it will complement security measures such as "Clear Signing" in the 1TS program: the former helps wallets confirm that the application front-end has not been tampered with, while the latter helps users understand the transaction content they are approving.
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