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…Pectra is the latest in a series of upgrades that have been meticulously planned and executed by the Ethereum development team. Below is a brief overview of the Ethereum upgrade timeline: Frontier (2015): The initial release of Ethereum, laying the foundation for the network.Homestead (2016): Introduced improvements to security and stability.Metropolis (2017–2018): Implemented the Byzantium and Constantinople hard forks, enhancing scalability and privacy.Istanbul (2019): Focused on improving i…
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…The trilemma was originally coined by Vitalik Buterin, the founder of Ethereum. However, the scalability trilemma is not set in stone, as it is an observation from Buterin and Web3 communities. Despite how difficult it is to solve the trilemma, an algorithm may exist…unless someone has proven it is impossible. 1) Decentralisation Decentralisation refers to the degree of diversification in ownership, influence, and value on a blockchain. Cryptocurrencies are generally decentralised since no si…
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…It aims to add more functionality to transfer tokens.Full definitionERC-884ERC-884 is a token standard that allows for the creation of ERC-20 tokens.Full definitionERC-948ERC-948 is an Ethereum protocol to connect subscription-model businesses with their customers.Full definitionETHETH is the ticker symbol for Ether, which is the native cryptocurrency of the Ethereum platform.Full definitionEthereumEthereum is a decentralised, open-source blockchain platform introduced in 2015 by Vitalik Buterin…
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…Drawing inspiration from Bitcoin and other concepts for decentralised currency that came before it, Vitalik Buterin proposed Ethereum in 2013. Buterin drew inspiration from studying and building upon a number of ideas — including one Nick Szabo proposed in 2005, now known as ‘smart contracts’ — officially launching Ethereum in 2015 with a group of co-founders. Using blockchain as a kind of distributed computer, Ethereum’s smart contracts and dapps are stored on the ledger in the form o…
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…Drawing inspiration from Bitcoin and other concepts for decentralised currency that came before it, Vitalik Buterin proposed Ethereum in 2013. Buterin drew inspiration from studying and building upon a number of ideas — including one Nick Szabo proposed in 2005, now known as ‘smart contracts’ — officially launching Ethereum in 2015 with a group of co-founders. Using blockchain as a kind of distributed computer, Ethereum’s smart contracts and dapps are stored on the ledger in the form o…
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…The trilemma was originally coined by Vitalik Buterin, the founder of Ethereum. However, the scalability trilemma is not set in stone, as it is an observation from Buterin and Web3 communities. Despite how difficult it is to solve the trilemma, an algorithm may exist…unless someone has proven it is impossible. 1) Decentralisation Decentralisation refers to the degree of diversification in ownership, influence, and value on a blockchain. Cryptocurrencies are generally decentralised since no si…
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…Since it has been clarified by the Ethereum Foundation that The Merge would not lower Ethereum’s gas fees, layer-2s can still continue to play an important role because of their lower gas fees. According to Vitalik Buterin, Ethereum is only ‘40% complete’. Even after The Merge, Ethereum will only be approximately 55% complete. After The Merge, Ethereum will still undergo upgrades such as the Surge, Verge, Purge, and Splurge. These upgrades are expected to happen in parallel, according to …
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…During Shiba Inu’s initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. Since then, the price of SHIB skyrocketed from an ATL of USD 0.000000000056 to an all time high of $0.000084, a 150,000 times increase. In turn, Vitalik donated 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% was burnt. The donation was worth about $1 billion at the time, making it one of the largest donations ever. How does Shiba Inu work? The Shiba I…
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…During Shiba Inu’s initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. Since then, the price of SHIB skyrocketed from an ATL of USD 0.000000000056 to an all time high of $0.000084, a 150,000 times increase. In turn, Vitalik donated 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% was burnt. The donation was worth about $1 billion at the time, making it one of the largest donations ever. How does Shiba Inu work? The Shiba I…
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…The trilemma was originally coined by Vitalik Buterin, the founder of Ethereum. However, the scalability trilemma is not set in stone, as it is an observation from Buterin and Web3 communities. Despite how difficult it is to solve the trilemma, an algorithm may exist…unless someone has proven it is impossible. 1) Decentralisation Decentralisation refers to the degree of diversification in ownership, influence, and value on a blockchain. Cryptocurrencies are generally decentralised since no si…
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