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Ethereum News
Hackernoon
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How Ethereum and Bitcoin Handle Transaction Delays and Fees
- The article examines how Ethereum and Bitcoin handle transaction delays and fees, focusing on factors impacting transaction processing times.
- Hu et al. study private blockchains for banking processes, correlating transaction times with block generation times.
- Kasahara and Kawahara analyze Bitcoin fees' effect on transaction processing times, noting longer processing for low-fee transactions.
- Rouhani and Deters compare transaction processing times in Ethereum clients Geth and Parity, observing a significant increase with Parity.
- Pierro and Rocha investigate factors influencing transaction fees in Ethereum, finding the total number of miners and pending transactions impact fees.
- Chen et al. outline security vulnerabilities due to extremely low gas prices in Ethereum, proposing dynamic cost adjustments to prevent disruptions.
- Studies highlight gas price choices' influence on Ethereum economics and behavior, emphasizing the importance of understanding factors driving gas price decisions.
- Kim et al. delve into Ethereum's peer-to-peer network characteristics, analyzing node distribution, client usage, and network size.
- Silva et al. study geo-distribution and mining pools' impact on Ethereum's efficiency and security, highlighting selfish mining behaviors.
- Oliva et al. analyze Ethereum's transactional activity, revealing the concentration of transactions on a small percentage of smart contracts and its impact on gas prices.
- Various studies explore gas usage estimation methods in smart contracts, including worst-case and exact estimations to optimize gas consumption.
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Hackernoon
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How DApp Developers Can Optimize Ethereum Transaction Speed and Cost
- ÐApp developers can use the findings of this study as a baseline for transaction processing times in Ethereum, providing valuable information for evaluating the platform's suitability as a backend for prospective ÐApps.
- Developers can assess the trade-off between processing time and transaction cost by understanding the impact of gas prices on processing time.
- Making informed decisions on prediction models for transaction processing times is crucial for ÐApp developers, with Etherscan Gas Tracker being recommended for cheaper transactions and EthGasStation Gas Price API for other price categories.
- A post-hoc study introduced a simple and interpretable alternative model that outperformed existing models for certain transaction categories, emphasizing the importance of context-specific decision-making by developers.
- End-users can benefit from understanding the balance between transaction cost and processing time when interacting with ÐApps, especially those where blockchain complexities are exposed, allowing them to make informed gas price choices.
- The study conducted by researchers from Queen’s University and Huawei in Canada provides valuable insights for both developers and end-users in optimizing Ethereum transaction speed and cost.
- The paper is available on arxiv under CC BY-NC-ND 4.0 DEED license.
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Hackernoon
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A Simple, Transparent Model for Estimating Ethereum Transaction Speeds
- The study presents a model for estimating Ethereum transaction speeds, focusing on simplicity and transparency.
- They evaluate the accuracy of prediction models provided by Etherscan and EthGasStation.
- A post-hoc study aims to derive a simpler, more interpretable model compared to existing models.
- Utilizing linear regression for prediction while engineering a historical feature for Ethereum transaction processing.
- The study uses a sliding-time-window-based model validation approach for robustness.
- Comparative analysis with state-of-the-practice model reveals similar accuracy at a global level.
- The linear regression model outperforms for 'very cheap' and 'cheap' price categories.
- Findings show potential cost-saving opportunities for users based on accurate predictions.
- Authors include Michael Pacheco, Gustavo A. Oliva, Gopi Krishnan Rajbahadur, and Ahmed E. Hassan.
- The paper is available on arxiv under CC BY-NC-ND 4.0 DEED license.
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Medium
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Break AI Free: How We Make Decentralized AI a Reality
- iExec is utilizing blockchain, off-chain computing, and Trusted Execution Environments to create a secure, transparent, and decentralized AI alternative.
- The architecture allows AI to process sensitive data securely, keeping input and output encrypted and ensuring trustworthy and tamper-proof AI decisions.
- This decentralized AI model not only prioritizes privacy but also enables monetization for developers by deploying AI models off-chain and earning directly via smart contracts.
- iExec's approach aims to democratize AI, making it secure, accountable, and user-first, suitable for various sectors from healthcare to DeFi.
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Hackernoon
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How Accurate Are Etherscan and EthGasStation’s Ethereum Transaction Time Estimates?
- Estimators like EthGasStation and Etherscan are important tools for Ethereum users due to the uncertainty in transaction processing times.
- The accuracy of transaction processing time estimates by these platforms had not been empirically studied prior.
- Data from EthGasStation (Gas Price API and Prediction Table API) and Etherscan (Pending Transaction page and Gas Tracker) was used to evaluate prediction accuracy.
- Accuracy was determined by comparing actual processing times with predictions, calculating absolute error for each studied transaction.
- Models were ranked based on AE distributions using statistical tests and effect size calculations.
- The Alpha centrality method was used to assign ranks to models based on their performance in predicting transaction processing times.
- At a global level, all four models were found to have equivalent prediction accuracy with negligible effect sizes.
- Stratifying the analysis by gas price categories showed varying performance, with specific models excelling in different price categories.
- Developers aiming for high prediction accuracy may need to utilize multiple models from different estimation services based on gas price categories.
- Etherscan Gas Tracker performed better for cheaper transactions, while EthGasStation Gas Price API excelled in other gas price categories.
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Bitcoinist
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Crypto Trader Dumps XRP Holdings For Ethereum, Explains Why
- A prominent crypto trader known as Doctor Profit sold off all his XRP holdings to buy Ethereum, revealing his move and reasons to his followers.
- Doctor Profit decided to sell all his XRP for Ethereum due to the potential for capital appreciation, believing in a significant increase in Ethereum's price.
- While the trader does not expect XRP price to crash, he views Ethereum as a more attractive short-term investment and plans to reinvest the gains back later.
- Doctor Profit has a bullish outlook for the market, successfully predicting Bitcoin's rebound and surpassing $100,000, and forecasting Ethereum price potentially reaching $7,600.
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Cryptopotato
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Ethereum Price Analysis: ETH Challenges Key Resistance, Is $3.5K Next?
- Ethereum is approaching a crucial resistance at the 200-day moving average of $2.7K, hinting at a potential bullish market sentiment shift.
- A successful breakout above $2.7K could lead to a strong rally, targeting the $3.5K mark in the mid-term.
- On the daily chart, Ethereum is on the verge of a breakout above the critical 200-day moving average, with possibilities of reaching $3K in the near term.
- The Binance liquidation heatmap indicates a lack of substantial sell-side liquidity between the current price and $3.5K, supporting the potential for a continued rally.
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Blockonomi
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Ethereum (ETH) Price: Whale Accumulation Drives 2% Gain as $2,500 Level Recaptured
- Ethereum's exchange supply has hit its lowest level since August 2024, indicating strong buy pressure in the market.
- Whales have added over 670,000 ETH to their holdings in the past nine days, while smaller holders have been reducing their positions.
- ETH is currently consolidating near the critical $2,500 level, with potential for a rally towards $3,250 if it breaks above $2,850.
- Technical indicators suggest a further upward movement for Ethereum, with immediate resistance levels at $2,620 and $2,650.
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Coindoo
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Ethereum Struggles to Break Out Amid Bitcoin’s Strength — Key Levels in Focus
- Ethereum is facing challenges in breaking out due to Bitcoin's strength and recent all-time high.
- The ETH/BTC ratio has cooled off, indicating a short-term market rotation favoring Bitcoin.
- Critical levels to watch for Ethereum are above $2,850 for uptrend confirmation and below $2,100 for bearish reversal.
- Traders are waiting for strong bullish follow-through in Ethereum to indicate renewed investor confidence.
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Coinjournal
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Bitcoin reaches new all-time high above $111,000 amid regulatory hopes
- Bitcoin surged to a new all-time high above $111,000, driven by factors like growing institutional demand and positive regulatory signals from the US.
- The cryptocurrency market saw smaller tokens like Ether also benefiting from the bullish sentiment, with Bitcoin reaching a record of $111,878.
- Optimism around Bitcoin was fueled by progress on a stablecoin bill in the US Senate and increasing demand from institutional players like MicroStrategy.
- The current Bitcoin rally is supported by quantifiable demand and supply dislocations, with experts noting a flight to quality within the digital asset space.
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Cryptonews
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Rocket Ship Incoming: Arthur Hayes Sees Ethereum Blasting Off to $15K
- Ethereum has surged 67% in the past month to US$2,577, moving away from its previous slump below its November 2021 all-time high of US$4,891.
- Former BitMEX CEO Arthur Hayes predicts ETH could reach US$10k-$15k after being overshadowed by Solana.
- The Pectra upgrade, Vitalik Buterin's increased social media activity, and recent scaling proposals have enhanced network optimism and sentiment.
- US spot Ethereum ETFs witnessed over US$100 million in net inflows over three trading days, with BlackRock's ETHA receiving about half of the flows.
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Bitcoinist
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Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone
- Ripple sees a surge in institutional interest as XRP and Micro XRP futures are listed on CME Group, marking a significant milestone in the cryptocurrency market.
- Brad Garlinghouse, Ripple's CEO, celebrates the event as XRP enters a regulated derivatives framework, appealing to asset managers and large investors.
- The introduction of XRP futures on CME Group indicates the maturing of XRP as a financial asset, comparable to Bitcoin and Ethereum, potentially influencing future SEC decisions.
- Ripple issued a warning about rising scams in the XRP community, advising users to be cautious and avoid falling victim to fraudulent schemes amidst the bullish market trends in the crypto space.
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Crypto-News-Flash
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Top 3 Crypto Predictions: Bitcoin Nears ATH as Ethereum and XRP Hold Strong
- Bitcoin is predicted to hit a new all-time high, but failure to move could lead to a decline to $100k.
- Ethereum and XRP are expected to stage rebounds after stabilizing above crucial support levels.
- Bitcoin, Ethereum, and XRP are currently hovering above key support levels amidst uncertainties among investors.
- Bitcoin's price is at $106k with a bullish sentiment, Ethereum at $2.5k with a possible pullback if it breaks below $2,400, and XRP at $2.34 facing a potential price drop but may surge to $2.7 if bulls take control.
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Cryptopotato
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Ethereum Shows No Spike in Network Engagement Despite Successful Pectra Upgrade
- Ethereum successfully completed the Pectra upgrade two weeks ago, but network engagement has not increased as expected.
- The upgrade introduced 11 Ethereum Improvement Proposals (EIPs) to enhance user experience and network functionality.
- Despite the technical improvements, there has been a decline in new and resurrected Ethereum addresses post-upgrade.
- While Ethereum's Realized Cap has shown a 1.6% increase since May 7, there has been no significant spike in user engagement following the Pectra upgrade.
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Bitcoinist
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Ethereum’s Latest Key Upgrade Fails To Ignite Network Activity, Is Adoption Sinking?
- Ethereum's price has shown resilience in the crypto market, but its network activity has weakened despite recent key updates like the Pectra upgrade.
- Glassnode reported a consistent lack of network activity and engagement on Ethereum, indicating potential loss of momentum in its ecosystem.
- The Pectra upgrade, aimed at improving scalability and efficiency, has not led to increased user engagement or address growth on the Ethereum network according to Glassnode data.
- While ETH's network activity has decreased, its price is anticipated to experience an impending breakout near the $2,500 mark, with a short-term correction likely before further upside movement.
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