The much-anticipated upgrade to Ethereum, the merge, was completed on [September 15](/news/article/ethereum-merge-date). It transformed the blockchain’s Proof-of-work (PoW) mechanism into Proof-of-Stake (PoS). The market experts were optimistic that this upgrade would positively influence the Ether price. However, it has not been the case as the [Ethereum](https://ethereum.org/en/) price is continually plunging after the merger. 

Perhaps, the reason could be the overall downturn of the crypto market. Bitcoin is also struggling to maintain a price of over $20K. Besides, its worth even dropped under $19K this month. This has affected the entire crypto market, including Ether. Nonetheless, there are several other triggers, too.

## Ether’s nosedive after the merge

ETH was steadily thriving in the last three months when the BTC price struggled to hold its ground. In comparison to BTC, ETH saw a surge of around 60%. However, after the Ethereum merge, it [dropped](https://www.benzinga.com/markets/cryptocurrency/22/09/28917798/bitcoin-ethereum-nose-dive-445m-liquidated-from-crypto-market) significantly. 

Five days before the upgrade, Ether’s price was approaching $1,800. Even up to September 14, Ether was trading at over $1,600. But as it completed the upgrade, it lost over $300 in value. It saw a drop of almost 21% in the last seven days, showing worrying signs for Ethereum investors.

## Ether’s nosedive after the merge

ETH was steadily thriving in the last three months when the BTC price was struggling to hold its ground. In comparison to BTC, ETH saw a surge of around 60%. However, after the Ethereum merge, it [dropped](https://www.benzinga.com/markets/cryptocurrency/22/09/28917798/bitcoin-ethereum-nose-dive-445m-liquidated-from-crypto-market) significantly. 

Five days before the upgrade, Ether’s price was approaching $1,800. Even till September 14, Ether was being traded at over $1,600. But as it completed the upgrade, it lost over $300 in value. Besides, in the last 7 days, it saw a drop of almost 21%. This shows worrying signs for the Ethereum investors.

![ethereum merge.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ethereum_merge_0d3a08eff4.png)

## Ethereum the merge: Investor sentiment 

Disappointing US economic indicators such as high inflation, looming imminent [securities regulation that may apply to Ether staking](/news/article/ether-staking), and a market downturn have negatively affected crypto investor sentiment. After the completion of the Ethereum 2.0 upgrade, the selling pressure increased. Many investors chose to liquidate their funds while the price was high to protect themselves from potential losses. 

Even after this event, ETH investment products saw tremendous outflows. Ether threw up $15.4 million in outflows. However, this was not a market-wide trend, as BTC saw an addition of around $17.4 million in investment in the same period. Time will tell if the Ethereum price has been merely affected by hawkish sentiment or if the Merge is not worth the hype.



Ethereum the Merge: Price plunge & investor sentiment

Ether can be wrapped in several ERC standards. However, wETH (Wrapped Ether) generally refers to Ether's version compatible with the ERC-20 standard.

Originally, Ether was not compatible with the ERC-20 standard. Being the currency of the [Ethereum blockchain](/news/article/eth-to-gbp), Ether was created before the implementation of ERC-20 and several other standards.

The creation of wETH resulted in some peculiarities, and unique use cases, among several other benefits we'll look at.

## What is wETH?

Wrapped Ether(wETH) is created by transferring Ether to a dedicated smart contract, which places the currency on hold while outputting wETH ERC-20 tokens. The exchange of the ETH for wETH occurs at a 1:1 ratio and can be reversed easily in a process called 'unwrapping' at the same ratio.

Thanks to wETH, developers don't have to create systems for two tokens – Ether and ERC-20s. By wrapping Ether, unnecessary complexities are eliminated from smart contract interfaces.

Furthermore, [since a smart contract](https://www.simplilearn.com/tutorials/blockchain-tutorial/what-is-smart-contract) handles the wrapping, there's no need for trusted third parties or the risk of errors. The protocol has found significant use cases in many Ethereum-based dApps (decentralized applications).

## Understanding The wETH Protocol

The sound protocol facilitating the creation of wETH makes it highly secure and foolproof. Beyond eliminating complexities, the wrapped token allows seamless interactions within the same technical standard. Hence, wETH finds use in highly advanced interactions on Defi applications.

The wrapping Smart Contract locks up ETH within it to maintain a concrete reserve backing the wETH output if the ratio of ETH to wETH shifts from 1:1, some of the latter will be burned when it's being unwrapped.

Both the wrapping and unwrapping processes occur at no additional costs – all you have to pay are transaction fees. Also, since wETH can be easily created and exchanged on platforms like UniSwap, [MetaMask](/news/article/what-is-metamask), etc., it has found some incredible use cases.

## The use cases of wETH

Because the ERC20 standard premises numerous dApps, wETH has been used for several cases. Here are some of the popular uses of wETH:

## Trading

You can easily trade wETH for ERC20 tokens on decentralized exchanges. Though there's a slight restriction here – the trade is only possible on decentralized exchanges supporting ERC20 tokens.

## Payment

The blockchain and cryptocurrency ecosystems have redefined the global financial system. A prime example of this is the use of wETH for payments. Supporting dApps allow using wETH to pay for transaction fees and other services.

Furthermore, since wETH is at a 1:1 ratio with ETH, users don't incur extra charges during such transactions.

## Collateral

Decentralized lending platforms allow using wETH as collateral. This is good news for users who don't want to sell their ETH.

## Investment

Like other cryptos, wETH can be used for investment. The 1:1 ratio at which wETH is pegged accounts for the favourable investment opportunity it is. This is because of the value of wETH, which increases in direct proportion to ETH. Hence, wETH is an excellent investment opportunity if you see potential in ETH.

## What are the benefits of wETH?

Created by Will Warren, the co-founder and CEO of Ox Labs, wETH has several advantages. Here are some benefits of wETH:

## Interoperability

Despite wrapping Ether to create wETH, it doesn't lose its interoperability. wETH has interoperability capabilities with other ERC-20 tokens. Hence, you don't have to worry about compatibility and collaboration issues.

wETH makes it possible for decentralized applications to reach a higher level of interoperability. This comes in handy as applications and platforms are aiming for an increased level of collaboration. Furthermore, integration with other blockchains progresses seamlessly.

## Liquidity

wETH is created by a custodian smart contract that ensures stability in its value. Hence, it enjoys increased liquidity than other native tokens. Thanks to the custodian contract, wETH can easily be converted to ETH, which makes it a really attractive asset class to stakeholders.

## Security

Enhanced security is the standard with wETH since its custodians exclusively transact over secure exchanges. Furthermore, there's a reduced risk of users losing their cryptocurrencies since the custodian secures the private keys in a safe location.

## Speed And Lower Transaction Fees

Transactions with wETH also proceed fast and at lower fees against unwrapped ETH.

The Ethereum blockchain is one of the oldest and most developed ecosystems for dApps. This makes wETH an essential token since it facilitates easy usage of different DeFi apps without compatibility issues. Now is the best time if you haven't started using wrapped ETH.



What is wETH, its protocol, use cases, and benefits?

The long-awaited [Ethereum merge](/news/article/ethereum-merge-date) has transformed the blockchain into Proof-of-Stake (PoS). On Thursday, the upgrade was completed, which was welcomed by crypto investors all around the globe. 

Gary Gensler, the chair of the [Securities and Exchange Commission (SEC)](https://www.sec.gov/), has also followed the developments. He hinted that Ethereum might be considered security after the upgrade. Gensler also warned that the securities laws might also apply to Ether staking. He shared his points while speaking to the media after testifying before the Senate Committee. 

## Ether staking could trigger securities laws

According to the SEC chair, any digital coin or intermediary that investors can ‘stake’ will be identified as ‘security’ through the Howey Test. The Wall Street Journal [reported](https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224) that Gensler remarked, “From the coin’s perspective … that’s another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others.”

Though the chair has not mentioned any particular cryptocurrency, the remarks were made the same day as the Ethereum Merger. Many speculate that he was referring to Ether staking as its consensus mechanism has changed from Proof-of-Work to [Proof-of-Stake](/news/article/pos-vs-pow).

Gary Gensler also explained that staking is quite similar to lending. About this, his comments were, “[it] looks very similar—with some changes of labelling—to lending.”  

## SEC stance on securities

A security asset generally includes bonds and stocks. The service providers related to this type of assets in the United States must disclose them per the defined securities laws of the 1930s. That’s why any crypto exchange or brokerage also has to comply with these laws. If any asset is deemed a security, regulators might take legal action against the service provider. 

Previously, the regulating body has charged several firms for violating [securities laws](https://www.history.com/topics/us-government/securities-and-exchange-commission). The [SEC vs Ripple labs](/news/article/xrp-court-case-update) is a highly anticipated lawsuit in the crypto space. 

The regulators deemed the XRP token as a security and charged the firm for irregularities. 

The conclusion of this case might affect several other tokens too. The regulators also penalised BlockFi with a $100 million fine as it failed to register its interest accounts. 



Securities laws may apply to Ether staking, warns SEC

The WETH vs ETH debate is one of the hottest in the crypto circle. People often think that both tokens have the same value. This brings up the question, why use [WETH](https://weth.io/) rather than ETH?

Ether is the second largest cryptocurrency on the market, built for the [Ethereum blockchain](https://ethereum.org/en/). However, the wrapped Ethereum (WETH) is only a representation of ETH and has the same value. However, it is an ERC-20 token that can be used on numerous blockchains.  

Still confused? Here you can learn how they differ and what is the use of Ethereum’s wrapped version. Let’s dive in!

## Understanding wrapped tokens

Before we move on to WETH vs ETH differences, it is crucial to understand what wrapped tokens are. These tokens are somewhat like stablecoins but backed by another digital currency instead of a fiat currency. 

The central concept behind developing wrapped coins is that they can be used in different ecosystems. They solve one of the biggest problems for crypto developers and investors. They offer them interoperability. 

If you have a native token of a blockchain that is only compatible with the particular blockchain, you would not be able to use it on others. That’s why smart contract coins are employed. As these work on a set standard like ERC20, many other blockchains can support them.

## WETH vs ETH: The difference

Now that you know the concept behind wrapped tokens, it is easier to understand the difference between WETH and ETH. 

Ether is one of the oldest crypto, developed before the token standards. [The Ethereum Request for Comments 20 (ERC20)](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/) technical standard was introduced in 2015, and the digital coin itself does not follow this standard. That’s why other blockchains cannot support the token. 

For this reason, wrapped Ethereum was launched. This allows you to use Ether’s representation on other blockchains. This version helps with the decentralised apps (DApps) on other networks. Also, it helps in NFT trading on different networks. So, even though you cannot use Ether directly, you can use a version on other networks.

## WETH vs ETH: Which is better?

In essence, both these tokens are the same. Ethereum is the second-most valuable crypto with a comprehensive ecosystem. On the other hand, a wrap of Ether can be pretty handy if you have to trade fungible or non-fungible tokens on different ecosystems. That’s why the choice between them would depend on the usage purpose. 

However, if your primary goal is an investment, then going for Ethereum would be ideal. After all, Ether is one of the [altcoins to watch in 2022](/news/article/altcoins-to-watch-2022).

## Bottom line

The wrap of a coin in a smart contract provides compatibility with other blockchains. Though there is no difference between the two coins, wrap versions provided interoperability. Therefore, Ether’s wrap is easy to use on other networks. You can easily convert your ETH to WETH from any cryptocurrency exchange without losing value.



WETH vs ETH: How do they differ?

Chainalysis, the crypto analytics company, released a report concerning ether price prediction, which says that [Ether's price may decouple](https://cointelegraph.com/news/ether-price-could-decouple-from-other-crypto-post-merge-chainalysis) from other crypto assets after the Merge, with staking yields possibly driving significant institutional adoption.

According to a report released on the 7th of September by Chainalysis, the upcoming Ethereum upgrade will give institutional investors access to staking yields comparable to those of some securities, such as bonds and commodities, while also becoming much more environmentally friendly.

Since treasury bond yields offer much less in comparison, the report stated that ETH staking is expected to provide stakers with a 10-15% yield annually, making it an "appealing bond alternative for investors."

As per Chainalysis data, the number of institutional ETH stakers — those who have staked $1 million or more — has "been steadily increasing" from less than 200 in January 2021 to around 1,100 in August this year.

According to the firm, if this number grows faster following [the Merge](/news/article/ethereum-merge), it will support the hypothesis that institutional investors "do indeed see Ethereum staking as a good profitable strategy."

Staked ETH is currently locked up in a smart contract that cannot be withdrawn from until the Shanghai update happens around six to twelve months after the Merge.

As a result, the staked ETH market is currently illiquid, prompting some staking service providers to offer synthetic assets that represent the value of the staked Ether; however, "those synthetics don't always maintain a 1:1 peg," the firm claims.

The report states, "The Shanghai upgrade will allow users to withdraw staked Ether at any time, increasing liquidity for stakers and making staking a more appealing proposition overall."

According to the Ethereum Foundation, following the upgrade, the Ethereum blockchain's proof-of-stake transition will reduce energy consumption requirements by up to 99%.

## Ether price prediction: ConsenSys report

ConsenSys, the company behind the MetaMask wallet and founded by Ethereum co-founder Joseph Lubin, released a similar report this week examining the "impact of the Merge on Institutions."

The report expresses similar sentiments about ETH staking rewards and environmental sustainability attracting institutions. Still, it also emphasises the importance of the PoS Ethereum chain "producing stronger security guarantees for institutional investors" and ETH's potential to become a deflationary asset.
 



Ether price prediction: ETH price could 'decouple'

According to a recent [report published by the International Monetary Fund (IMF)](https://www.crypto-news-flash.com/imf-report-says-crypto-assets-are-no-longer-niche-products-calls-for-comprehensive-regulation/), crypto assets have shifted from being specialized products to being more widely used in recent years (IMF). Therefore, the government must adopt more specific policies to manage the industry.

The report's co-authors, Aditya Narain (director of capital markets at the IMF) and Marina Moretti, his assistant, stated that crypto assets are now valuable as payment tools, speculative investments, and hedges against weak currencies. Both of these observations were made in the report.

In addition, the authors mentioned that the recent failures of virtual asset providers (crypto exchanges, issuers, and hedge funds) constitute the impetus for regulators to adopt applicable crypto policies.

However, Narain and Moretti point out that various challenges make it difficult for regulators to design proper BTC rules. These challenges include the inability of regulators to use their talents effectively, the rapid evolution of the market, and the effort to monitor the actions of the market.

The regulatory bodies have several competing goals, and their resources are quite limited. Because of this, they are having trouble acquiring the knowledge and capabilities necessary to keep up with the rapid rate of industrial change.

The paper also issues a call to action to the various regulatory bodies, urging them to adopt a unified and coordinated strategy regarding cryptocurrency regulation. As a result, there is the potential for a global regulatory framework consistent with cryptocurrencies.

IMF's Narain and Moretti observed that crypto regulation is a "white whale" due to rapid innovation, inconsistent nomenclature, and a lack of staffing and data collecting, and this refers to the ETH merge. So, what are some of the options?

## IMF warns that BTC regulators face many challenges

The above authors also argued that standard financial regulation does not cover various issues of BTC legislation. As a result, they propose that the process of creating the policies be distributed among the many regulators.

The regulators will then be able to merge the policies into a single worldwide crypto policy that is comprehensive. Some people may concentrate on the BTC actors, such as those who build protocols, mine cryptocurrencies, and validate transactions. Others can focus on the safety of consumers, the integrity of the financial system, or both. 

There have been multiple meetings organized by global financial authorities to discuss the most effective methods for regulating the BTC industry. Within the next month and a half, Europe intends to publish the final text of the Markets in Crypto Assets (MiCA) BTC regulation that has received significant attention.

The United States' response to the most pressing concerns regarding BTC business is proposed legislation called the "responsible financial innovation act." Even MPs opposed to BTC, who had previously pushed for a complete prohibition on the use of cryptocurrencies, now embrace the idea of regulating the market rather than outright prohibiting it.

US Congressman [Brad Sherman is the latest anti-crypto congressman to change his position](/news/article/us-crypto-congress-ban), shifting from calling for a complete ban on cryptocurrency to calling for the sector to be regulated. Sherman believes that an absolute prohibition cannot be enacted since the industry has amassed so much wealth and power in recent years. If the authorities consider the recommendations made by the IMF in this study, it will be in everyone's best interest, including investors, players, ETH merge, and regulators.



ETH merge is the obstacle to crypto regulation

An Ethereum wallet is vital before investing in the second largest cryptocurrency by market cap, Ether (ETH). The wallet not only stores Ether coins but also allows you to send, receive, and spend the crypto coins.

There are generally two types of Ethereum crypto wallets, hardware, and software crypto wallets. Some of the best options to store your Ethereum include:

## MetaMask

[MetaMask](https://metamask.io/) is one of the best, if not the best Ethereum wallet. It is one of the most widely used Ethereum wallet, and for good reasons. 

The wallet is easy to use, therefore beginner-friendly. Besides allowing you to store and spend your Ether (ETH), it also allows you to access decentralized Ethereum apps.

The MetaMask wallet is available as a browser extension and mobile app. It is a software wallet, therefore best used with a hardware wallet.

## Exodus

The [Exodus Wallet](https://www.exodus.com/) is another beginner-friendly crypto wallet ideal for ETH storage. It is free to use and non-custodial, meaning you maintain full control of your crypto. It also does not require users to register or supply personal information to use it.

The Exodus wallet supports more than 150 cryptocurrencies across seven separate blockchains. It is another software crypto wallet available on desktop and mobile.

## Atomic 

There are many reasons why many Atomic wallet users consider it the best Ethereum wallet. It is decentralized, easy to use, non-custodial, and allows users to store, exchange, and buy ETH with a bank card. Verification and KYC standards are not necessary to access funds stored in the wallet.

The Atomic Wallet supports over 500 crypto assets, including Bitcoin, Bitcoin Cash, XRP, and [Litecoin](/coins/ltc). It is also available on desktop and mobile.

## Ledger 

Ledger Nano X and Ledger Nano S are two great hardware wallets that support ETH storage. As hardware wallets, both wallets allow users to store their ETH offline.

Both wallets are physical devices in the form of USB drives. They support over 1,800 cryptocurrencies, besides ETH. They also support desktop, Android, and iOS devices.

The Ledger Nano X wallet is considered an upgrade of the Ledger Nano S. It is not only pricier but also has a few features, including a battery and Bluetooth.

## Trezor 

Trezor, like Ledger, offers two hardware crypto wallets, Trezor One and Model T that support ETH storage. Both wallets support more than a thousand cryptocurrencies, besides ETH. They are highly secure and great alternatives to the Ledger wallets.

Compared to the Ledger wallets, the Trezor wallets are lighter and more uniquely shaped. They are also cheaper. The Trezor One wallet is, however, cheaper than the Trezor Model T and all the Ledger wallets. Either of the Trezor wallets can be the best Ethereum wallet for you.

## Bottom line

There you have it, some of the best Ethereum crypto wallets to consider before investing in ETH.

While software wallets like MetaMask, Exodus, and Atomic have their advantages, which include convenience, it’s always best to consider using them with hardware wallets like the Ledger and Trezor crypto wallets for great security.



Best wallets to store your Ethereum

Ethereum merge news is having an impact on the price of digital assets linked to the blockchain.

ETH-based digital asset funds have seen positive inflows for seven straight weeks as institutional investors pile in, according to the latest CoinShares report. There were $16.3 million inflows last week, bringing total inflows to $159 million over seven weeks.

Market sentiment for Ethereum-focused products is primarily due to "greater clarity" regarding the upcoming merge. It is scheduled for September 19, according to CoinShares Head of Research James Butterfill on Monday. A shift from proof-of-work to proof-of-stake in Ethereum's algorithm is credited with the change in investor sentiment.

Finally, Ethereum 2.0 Beacon Chain will be added to the mainnet in the merge, concluding an important transition from PoW to PoS. When Ethereum switches to a PoS consensus mechanism, it should become more secure and use less energy, which will, of course, help make it less harmful to the environment.

The Goerli and Prater testnet merge is also scheduled for this week, and it will be the final dress rehearsal before the mainnet merge takes place in less than six weeks.

## Traders are getting ready for the next round of trading

[Cryptocurrency analysts Glassnode have predicted](https://cointelegraph.com/news/institutions-flocking-to-ethereum-for-7-straight-weeks-as-merge-nears-report) that the anticipated Ethereum merge news will lead to "buy the rumor and sell the news" among traders. For Ethereum, "derivatives traders are placing obvious bets on the upcoming merge."

An analytics firm's newsletter, Betting on the Merge, ETH options and futures are now in "backwardation". That is a situation in which the current price of an asset is higher than the prices trading in the futures market.

When it comes to the Ethereum merge news, futures and options markets are in a backwardation after September, which suggests that traders are anticipating an event like this and have positioned themselves accordingly, the newsletter said. Data from Ethereum options shows professional traders are ready to go long on ETH's Merge, which is relevant.

However, [the merge's impact on Ether's price](/news/article/ethereum-merge) is yet to be determined.

In a recent interview, Ethereum founder Vitalik Buterin said the "narrative" is likely to remain positive after the merge, which is "an aspect that hasn't yet been priced in."

He added, "I expect morale to soar once the merger is completed. In other words, I believe the merger will not be priced in, and by that, I mean not just in terms of market value, but also in terms of psychological impact and narrative arc. After the fact, I don't think it's going to be factored into the narrative at all."

CoinGecko reports the price of Ethereum is $1,776 at the time of writing, up 8.6% in the last seven days.



Ethereum Merge News Just Around the Corner

The co-founder of Ethereum, Vitalik Buterin, claims that [layer 2 rollups will soon cause transaction prices to drop](https://cointelegraph.com/news/vitalik-crypto-payments-will-make-sense-as-tx-costs-fall-to-mere-cents-kbw-2022) to fractions of a cent, making cryptocurrency payments "make sense" once more.

The Cointelegraph team reported on Buterin at Korea Blockchain Week (KBW) saying that blockchain data compression is the last obstacle to scaling down transactions to fractions of a cent.

KBW, Asia's largest blockchain event, started yesterday and runs until August 14 at the Grand Intercontinental, Seoul.
 
He said an example of the "solid work happening" is Optimism's layer 2 scaling solution for Ethereum. It has demonstrated results lowering the amount and cost of data in blockchain transactions by introducing zero-byte compression.

Buterin added that, although serving mainly as a speculative store of value, the primary use of [Bitcoin (BTC)](/coins) described in its white paper from 2008 was to offer a "peer-to-peer electronic cash system" that was less expensive than conventional payment methods.

He said that although this remained true until 2013, it was no longer the case by 2018 as usage grew and blockchain transactions became prohibitively costly.

According to the co-founder of Ethereum, scaling solutions, like the Lightning network in the case of BTC, will eventually lower the prices to fractions of a cent, allowing BTC and other currencies to serve this use case once again.

## Use Cases for Cryptocurrency Transactions

Buterin gave examples of where inexpensive crypto transactions will be beneficial.

He pointed to "lower income nations or regions where the present financial system is not very successful", saying it would provide residents with access to crucial payment structures via the internet, which is already being used despite the expense of international remittances.

In the context of Ethereum, he noted that inexpensive crypto transactions would aid in developing Web3 account management systems, non-financial applications such as domain name system (DNS) servers, and humanity proof of attendance protocols.



Crypto Payments to "Make Sense" with Layer 2 Growth 

The [Ethereum Merge](https://ethereum.org/en/upgrades/merge/) is a highly anticipated event of 2022 in the crypto community. The event will mark the completion of the second phase of the Ethereum 2.0 upgrade. The Ethereum Mainnet will merge with the Beacon Chain, transitioning it from a Proof-of-work to a Proof-of-stake blockchain.

## The Beacon Chain

Launched on December 1st, 2020, the Beacon Chain is a proof of stake blockchain running parallel to the Ethereum blockchain. The chain is a consensus layer that handles a network of stakers. Since its creation, the Beacon chain has been put under various tests to test its reliability and capabilities.

The Ethereum Merge will see the Beacon Chain’s proof of stake consensus replace Ethereum’s proof of stake consensus. The Beacon Chain will become the prime blockchain on the Ethereum network.

## Impact of the Ethereum Merge

There are many reasons to be excited about the Ethereum Merge. The event is not just for crypto holders as its success will see Ethereum reduce its carbon footprint significantly.

The crypto space has for the longest time been under great criticism due to its negative impact on the environment, especially blockchains that use proof of work consensus mechanism.

Some of the benefits of the Ethereum Merge include Ethereum’s transition to proof of stake, better network security, and a possible increased user base.

## Benefits of the Merge

•	Transition to Proof of Stake consensus mechanism
Ethereum like Bitcoin has been using a Proof of Work consensus mechanism to verify transactions, add new blocks, and network security. The problem with proof of work is its high energy consumption rate. Its high energy consumption rate makes it harmful to the environment.

With proof of stake, Ethereum replaces miners with validators. The network no longer requires high energy-consuming hardware for security.
According to research done in 2021 by researchers at the Ethereum Foundation, Ethereum’s transition to proof of stake consensus can cut its energy use by at least 99.95%.

•	Better network security
The proof of stake consensus mechanism eliminates the need for expensive network security hardware. The consensus mechanism introduces staking, where any crypto holder can participate in securing a blockchain network.

Proof of stake makes it easy for anyone to help secure the Ethereum network. The more people participate in security the more robust the chain becomes. More people securing a network increase its decentralization. Proof-of-stake, therefore, also reduces centralization risks.

A plus for Proof of Stake is that it can also enable a network to become more censorship-resistant. Mining hardware tends to be easy to detect and shut down. However, the same cannot be said about computers running validator nodes.

•	Increased user base
There is a high possibility of more people and developers flocking to the Ethereum network after the Merge. High gas fees and slow transaction speeds have kept many people and developers away from the network. However, after the merge, the inefficiencies can become a thing of the past.

## Ethereum Merge Risks

•	Technical challenges
Critics of Ethereum believe the network is taking a huge gamble switching from Proof of Work to Proof of Stake while in operation. There could be many unforeseen bugs with the new blockchain, which puts at risk $183 billion worth of Ether in circulation. 

Solana is a good example of a Proof-of-Stake blockchain that has suffered several complete outages this year (2022).

Proof of stake is also seen as a fairly new consensus mechanism when compared to proof of work. Proof of work has been around for a while. It has been tried and tested and proven to be highly secure.

## Will the Merge affect Ether Prices?

Different investors predict a different outcome for [Ether prices](/news/article/ethereum-news-now) after the Ethereum Merge. Some investors predict a bull run for the digital coins while others predict a bear run.

Considering the current state of the crypto market and that Ether is down by 60% since the beginning of the year (2022), some investors believe once the merge unlocks locked Ether many holders will sell their coins, resulting in their price depreciation.

However, some investors believe Ether prices might go up after the Merge due to Ethereum’s transition to proof of stake. The proof of stake consensus mechanism will enable Ethereum to attract more users and developers.

## When will the Merge happen?

The Ethereum Merge is expected to happen in September this year (2022). Tim Beiko, an Ethereum developer and prominent figure in the Ethereum Foundation, put Sept 19th as the tentative date. The Merge timeline is, however, not final.

The Ethereum Merge date announcement saw Ether prices go up considerably to $1,600, which is a good sign for those who believe the Merge will positively affect Ether prices.

## Bottom line

The Ethereum Merge is a big deal in the crypto space. If it's a success then there are plenty of benefits to look forward to from the Ethereum network and a few risks worth considering.

Considering the Ethereum Merge is happening when the crypto industry is experiencing a downturn, there is a lot of uncertainty about how the market may react. Some investors predict a positive outcome while some are not so sure. Do your research.






The Ethereum Merge: What You Should Know

The Raiden Network is Ethereum’s solution to its scaling problem. It is similar to Bitcoin’s Lightning Network, allowing users to initiate fast and low-cost transactions. It works with any ERC20 token.

While built on the Ethereum blockchain, Raiden differs from Ethereum as it does not require global consensus to transfer tokens between participants. Instead, it powers token transfers using hash-locks and digital signatures.

## Benefits of using the Raiden network

Several benefits come with using the [Raiden network](https://raiden.network/101.html). Some of them include;

•	Low transaction costs: transaction costs on the Raiden network are pretty low compared to the Ethereum blockchain. Users can cheaply transfer small quantities of ERC20-based tokens over the network. Payments can be divided into smaller portions over a period for the same fee.
•	Instantaneous transfers: users can send, receive, and confirm transfers instantaneously on the Raiden network. Transfers are as fast as sending text messages.
•	Increased privacy: Users also benefit from better privacy when sending coins over the Raiden network than over the Ethereum blockchain.

## The Raiden Network Token (RDN)

The Raiden Network Token (RDN) is the native currency of the Raiden network. Its main use case is to pay for services within the Raiden network. The token can be used for micropayments and API access.

RDN tokens have a max supply of 100,000,000. According to Coinmarketcap, they currently have a circulating supply of 66,793,931. 
Compared to other cryptocurrencies, RDN coins have had a steady price increase over the years, ever since they first appeared. The digital coins were first tradable on 7th Nov 2017. 

RDN coins are currently trading at $0.06658, with a live market cap of $4,448,620. They are ranked 973rd largest cryptocurrencies in the world.

## Raiden Network Token (RDN) price predictions

Several crypto prediction platforms, including WalletInvestor and Digitalcoinprice predict RDN coins will experience a few bull runs in the future, but it won't be enough to see them trade above $1. The digital coins will still be trading under $1 by 2024.

While they may not be a quick money maker, many investors agree RDN coins are good for long-term investment. At their price, RDN coins also offer a good entry point into the crypto market for many beginner crypto investors. 

## Where to buy RDN coins

RDN coins are listed in several crypto exchanges, including Gate.io, CoinDCX, Bancor Network, and Tokenomy.
Unlike other cryptocurrencies, RDN coins cannot be purchased directly with fiat money. The crypto coins can only be bought with other crypto coins. 

You’ll first have to buy a cryptocurrency like Bitcoin or [ETH](/coins/eth) from a fiat-to-crypto exchange, then go to any exchange that lists RDN coins and use your crypto to buy the coins.

## Where to store RDN coins

As ERC20 tokens, RDN coins can be stored in any ERC20 compatible wallet, including MetaMask and MyEtherwallet. The tokens can also be stored in hardware wallets that support Ethereum blockchain like Trezor and Ledger.

Bottom line

Is Raiden Network a good investment? The network has several benefits that make it better than the Ethereum blockchain. Its native token, while not as expensive as other cryptocurrencies, stands out with its use cases in the network. Many investors also see the crypto coin as good for long-term investment.

However, as is the case with any kind of investment, research is vital to ensure you make the right investment decision. Note that this is not financial advice but the opinion of the author.


Is Raiden Network a Good Investment?

For the CEO of Tesla, Elon Musk, base layer transactions of the Dogecoin (DOGE) chain are far more superior to Bitcoin and Ethereum’s.

Recently he commented on his support for Dogecoin, saying the token actually has “a much higher transaction volume capability than Bitcoin, and the cost of doing a transaction, the Dogecoin fee, is very low". 

"Right now, if you wanted to do a Bitcoin transaction, the price of doing that transaction is very high. So, you could not use it effectively for most things," he said.

In his latest pubic speech at the Qatar Economic Forum, Musk reiterated his support for DOGE although the meme-based cryptocurrency plunged from an all-time high of $0.76 in 2021 to a price of $0.068 at the time of writing.

Musk is currently facing a[ $258 billion lawsuit over allegations](https://news.monitalks.io/news/article/elon-musk-dogecoin) his companies SpaceX and Tesla are part of a racketeering scheme to back Dogecoin. He explained his love for the currency by saying he met many people who were not rich but who encouraged him to buy the token. “I am responding to those people,” he said.

He also clarified that while Bitcoin and Ethereum “are pursuing a multilayer transaction system”, their base layer transaction rate is slow and transaction cost is high. 

“There is merit to Doge maximizing base layer transaction rate and minimizing transaction cost with exchanges acting as the de facto secondary layer,” [he elaborated](https://twitter.com/elonmusk/status/1413396249546563586).

## Dogecoin more scalable than Bitcoin according to Mr Musk

When talking about the differing monetary policies between Bitcoin and Dogecoin, Musk said that low issuance rate could result in hoarding and discourage spending. 

Bitcoin cuts the issuance rate in half roughly every four years, while Dogecoin has an unchangeable issuance rate.

“It won’t need to reach visa speed, as regulated exchanges will act as de facto second layer. But the perfect should not be the enemy of the good – it is still good to increase base layer transaction speed & lower base layer transaction cost,” Musk concluded.

The thing is straightforward, after all -  Dogecoin is more scalable because of its layer-one protocol that doesn’t need one more network. The term layer-one is used to define the primary blockchain architecture. Layer-2, on the other hand, is a network that appears at the top of the underlying blockchain.

Even though Bitcoin advocates have been slamming Musk's tweets, saying he's making a groundless admonishment of the widely-adopted cryptocurrencies, the cost and speed of the Bitcoin blockchains have actually been problematic in the past. However, recent upgrades have improved both.


Elon Musk's view on base layer functionality

The Bitcoin price rose by 7 percent on July 20, while Ether news now confirms its $1,500 level. The cryptocurrency market was bullish as the new day began, with Bitcoin (BTC) breaking the price zone of $23,000 while Ether (ETH) was successful in maintaining the price level of $1,500.

## Ethereum's Price Stabilization

The leading cryptocurrency, Bitcoin, increased in value by 7.6 percent, while Ethereum saw its value increase by 4 percent over the past day. According to data provided by CoinMarketCap, the prices of one bitcoin (BTC) and one ether (ETH) as of 12:12 p.m. Eastern Time were respectively $23,465 and $1,563.

The market capitalization of BTC controls increased to 42.98 percent, up from 41.31%, while the market capitalization of Ether decreased to 18.09 percent, down from 18.2 percent.

A survey conducted by CoinMarketCap projects that the price of one Ether will reach $2,765.93 by the end of July, while another survey projects that the price of the most popular cryptocurrency, BTC, will reach $33,267.03 by the same time period. In total, there were approximately 34,247 and 12,313 people who cast their votes, respectively.

On the other hand, according to the data compiled by PricePredictions, Bitcoin will be worth more than $35,213.01 in 2022, while Ether will be worth more than $2,345.58. The prices of the two tokens have significantly increased as a result of this development.

In April, Antoni Trenchev, the Chief Executive Officer of the cryptocurrency lending company Nexo, made a bullish prediction by stating that Bitcoin could reach $100,000 within the next year.

Cardano (ADA), Cosmos (ATOM), Flow (FLOW), [VeChain (VET)](/news/article/vechain-news), and Helium (HNT) were the top five cryptocurrencies by daily gain, increasing by 10.57 percent, 10 percent, 11.7 percent, and 10 percent, respectively.

Helium (HNT) was the top cryptocurrency by daily gain. As of 12:33 a.m. Eastern Time, the prices of these tokens were as follows: $0.5251, $10.28, $2.06, $0.0271, and $10.22.

As the prices of BTC and Ethereum continue to rise, more and more people are taking notice. Experts are making bullish predictions about the future of both currencies, with some saying that they could reach new heights shortly. Keep an eye on the Ethereum news now to stay up-to-date on all the latest developments in this exciting market! 

For more developments on the crypto news go to Latest Moni.


Ethereum news now confirms $1,500 price level

There has been lots of buzz about altcoins recently, making most crypto investors wonder if they are missing out on something big. But what is the altcoin buzz really about?

To fully understand the altcoin buzz, you first need to know what an altcoin is. 

## What are Altcoins?

Any digital currency that isn't [Bitcoin](/coins/btc) is an altcoin. The word "altcoin" is a portmanteau of "alternative" and "coin" to form "altcoin". It refers to a group of cryptocurrencies - all the coins other than Bitcoin. 

By market capacity, the top three altcoins are Ethereum, USD Coin, and Tether (USDT). Ethereum is the most popular. Other examples of altcoins are Shiba Inu, Solana, Litecoin, Dogecoin, XRP, Binance coin(BNB), ApeCoin(APE), and SandBox.

The first altcoins started in 2011, and now thousands of them exist. Early altcoins strived to improve Bitcoin's traits, such as transaction speeds or capacity efficiency. More recent altcoins perform a variety of tasks.
Different types include:

[Stablecoins](https://www.investopedia.com/terms/s/stablecoin.asp): Cryptocurrencies constructed to follow the price of another currency. Most of the biggest stablecoins are pegged to the US dollar and try to emulate its value. If the price fluctuates, the issuer of the coin will take actions to amend it. Examples include Tether(USDT), USD coin(USDC), and Dai(DAI).

Staking-based: These cryptocurrencies use a technique called staking to verify transactions and augment more coins to the stock. Owners of a staking-based cryptocurrency can select to stake their coins, meaning they're committing those coins to be used for transaction processing. The cryptocurrency's blockchain policy assigns a partaker to verify a block of transactions. In return, participants receive crypto prizes.

Mining-based: This cryptocurrency category uses a mining method to validate transactions and expand more coins to the supply. Miners use gadgets to solve mathematical equations. Naturally, the first miner to decipher the equation gets to validate a block of transactions. In return, miners who validate blocks obtain crypto bonuses.

Governance tokens: They are cryptocurrencies that bestow owners voting rights to help form the future of the project. In most cases, these tokens allow you to develop and vote on suggestions associated with the cryptocurrency.

## Are Altcoins Reliable and the Future of Cryptocurrency?

Future values of altcoins are hard to predict, but if the blockchain they were designed is used and developed, the altcoins are likely to continue and prosper.

With the current state of Bitcoin now, everyone is getting an education on other options they can invest in and use for transactions.

Each time Bitcoin drops in value is an opportunity for altcoins to rise and receive more investment. In recent months, there has been altcoin buzz because of the state of the market.

## Conclusion 

As we all know, Bitcoin is the biggest cryptocurrency. But the value has been hit in recent months, meaning crypto investors have looked at alternatives.

That has increased the altcoin buzz, as investors investigate the top altcoins to invest in and learn more about in times of a crypto crash.

Expanding an investment portfolio beyond Bitcoin can be sensible, especially as some altcoins could deliver significant profits.

As ever, before choosing to invest in any cryptocurrency, ensure you conduct thorough, independent research.


Altcoin Buzz: What's It All About?

While [Bitcoin](/coins/btc) is the big boy of the crypto world, many other coins, known as "altcoins," have emerged in recent years. But which are the altcoins to watch?

Finding the most outstanding altcoins can be difficult due to the many options available, but it's well worth it because these currencies can often yield triple-digit returns.

We've conducted research and put together some of the most interesting altcoins to watch closely in 2022, in no particular order. But first, we need to understand what an altcoin is.

## What are Altcoins?

The term "altcoin" is made up of two words: "alt" and "coin," where alt means "alternative" and coin means "cryptocurrency". They denote a type of cryptocurrency alternative to the digital Bitcoin currency when used together. Following Bitcoin's success, a slew of alternative peer-to-peer digital currencies sprung up to compete.

## Top Altcoins in 2022

### Litecoin: Litecoin (LTC) is a cryptocurrency that was founded in 2011 as a result of a fork in the Bitcoin blockchain. It was created in response to developer worries that Bitcoin was becoming too centralised and making it more difficult for large-scale mining companies to obtain an advantage in mining. For example, a Bitcoin block takes roughly 10 minutes to mine, but a Litecoin block only takes two and a half minutes. The supply of Litecoin is set at 84 million, and the current reward for mining a block is 12 and a half Litecoins, which will be cut in half in 2023.

### NEO: NEO is a Chinese-based blockchain platform, cryptocurrency, and network for decentralised programmes, or dApps. It was influenced by networks like Ethereum, but with a few significant technological changes.
According to its designers, NEO was created for the "Smart Economy", which combines digital assets, digital identities, and smart contracts into one seamless environment. The goal of NEO was never to destabilise China's fiat currency but rather to assist the country's economy is transitioning to the blockchain era.
Despite the Chinese government's crackdown on ICOs and cryptocurrencies, NEO has been able to raise the funding necessary to develop and launch its initiatives, fueling concerns about a possible link between the business and Chinese officials.

### [STELLAR (XLM)](https://coinmarketcap.com/currencies/stellar/): Stellar is a decentralised network that allows users to generate, send, and trade various cryptocurrencies. It was founded in 2014 and debuted in 2015 with the goal of connecting the world's financial systems into a single network.
Like other blockchain-based decentralised platforms and exchanges, Stellar is distributed across numerous servers. This means that a single entity does not supervise the behavior on Stellar. Stripe, one of the major payment gateways in the world, stated plans to replace Bitcoin with XLM in early 2018. As a result of this news, Stellar's price increased by 20% due to this announcement, cementing the coin's position as a Bitcoin alternative.

### ETHER (ETH): The cryptocurrency utilised on the Ethereum blockchain network is called Ether. Ether is known to be the second-largest cryptocurrency in the world, after bitcoin, in terms of market capitalisation. Hence it might be called the largest of the 'altcoins.'
Vitalik Buterin, a programmer, introduced Ethereum as a platform in 2013, and the network went online in 2015. It's mostly used as a decentralised finance platform, but it's also been used to assist with developing other altcoins via initial coin offerings.

### DOGECOIN ([DOGE](/coins/doge)): Dogecoin is the final altcoin we'll discuss in this article, and it's one of the most recent to get mainstream notice. This interest is partly due to celebrity endorsements like Elon Musk, Snoop Dogg, and Gene Simmons on social media.

Dogecoin began as a parody of cryptocurrencies, but it has since grown in market value and popularity. Dogecoin is a digital asset based on a fork of the Litecoin code that serves as an accessible entry point for crypto newcomers. It is based on a division of the Litecoin code. Since its inception in 2013, Dogecoin's popularity has sparked the development of a slew of copycat memecoins, which have grown into their [industry](https://prnews.io/blog/video-journalists.html) of fun digital assets that demonstrate the market worth of internet culture in the digital economy.

## Conclusion

Some people see this low-price phase as an opportunity to increase their crypto holdings before prices rise again. However, much depends on your financial situation and expectations for how crypto will perform in the long run.

Buying crypto may make sense if you only invest money you can afford to lose and have other financial goals, such as retirement savings and an emergency fund.

These altcoins may be interesting in July for various reasons, but don't buy them hoping for a quick profit. Furthermore, don't buy something just because the price appears low; it could go lower. Instead, take time, thoroughly investigate the topic, and maintain a long-term perspective.


Altcoins to Watch: The Top 5

According to Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, Bitcoin is a commodity. In a recent interview with CNBC, he elaborated on the SEC's plans to collaborate with the Commodity Futures Trading Commission (CFTC) and banking regulators in order to oversee the crypto sector.

In an [interview](https://www.cnbc.com/video/2022/06/27/sec-chair-gary-gensler-discusses-potential-crypto-regulation-and-stablecoins.html?&qsearchterm=gary%20gensler) with Mad Money presenter Jim Cramer on CNBC on Monday, SEC Chairman Gary Gensler reiterated his views on cryptocurrencies, namely Bitcoin (BTC).

The SEC head, stated that while several crypto-financial assets like Ethereum (ETH), [Dogecoin](https://www.monitalks.io/news/article/elon-musk-dogecoin), etc. contain the essential characteristics of securities, Bitcoin is the "only one" he feels confident officially classifying as a commodity:

"Some, like Bitcoin — and that's the only one I'm going to say because I'm not going to talk about any one of these tokens, but my predecessors and others have said Bitcoin is a commodity."

## Crypto community reaction to SEC chair interview

The crypto community raised questions about the statement's influence on Grayscales' proposed Bitcoin exchange-traded fund (ETF), and the omission ETH as a commodity was questioned.

The comments sparked discussion over Grayscale's proposal to turn its Bitcoin Trust into a spot-based ETF, which is anticipated to get a yes-or-no answer from the SEC on July 6.

Even though the regulator and the Commodity Futures Trading Commission (CTFC) earlier concurred that Ethereum (ETH) was a commodity exactly like BTC, Gensler chose not to specify whether he placed ETH in the same commodities boat. This was picked up on Twitter.

The prices of digital assets like Bitcoin and Ethereum have plummeted sharply in recent weeks, though they have lately shown signs of stabilization.

Bitcoin has decreased by around 60% over the last six months, but it has increased by roughly 1% in the past week.





SEC crypto chronicles- Gary Gensler affirms BTC as commodity

Confused by cryptocurrency tech? You need a Blockchain for Dummies guide.
The way blockchain records data makes it difficult or impossible to hack, change, or cheat the system. The decentralised database, controlled by various participants, is known as Distributed Ledger Technology (DLT). 

It is a distributed digital log of transactions that is duplicated and distributed throughout the blockchain's entire network of computer systems. Every transaction is recorded in every participant's ledger, and each block in the chain comprises numerous transactions. The block of data keeps any information needed, including what, when, who, where, the cost involved, the state of a shipment, and variables such as the temperature.

As an asset proceeds between locations or the owner changes, the respective blocks form a data chain. The blocks confirm the order and time of transactions, and they are firmly tied together to stop any block from being changed or placed between the two current blocks.  

All network participants can access the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded just once, reducing the duplication of effort that is frequent in traditional commercial networks.
Each additional block strengthens the previous block's verification and thus the entire blockchain. This makes the blockchain tamper-evident, providing the critical strength of immutability.  

This removes the risk of bad actor manipulation — and establishes a trustworthy record of transactions for you and other network users.  

No participant may edit or tamper with a transaction after it has been logged into the shared ledger. If a transaction record contains a mistake, a new transaction must be recorded to remedy the issue, and both transactions are then visible.  
This implies that if one block in a chain is altered, it is evident that it has been tampered with. Hackers would need to modify every block in the chain across all distributed copies of the chain to destroy a blockchain system. 

A smart contract is a compilation of rules stored on the blockchain and carried out automatically to quicken the speed of transactions. A smart contract can specify the terms of corporate bond transfers and the payment of travel insurance, among other things. Blockchains are distributed ledger systems that record transactions with an immutable cryptographic signature known as a hash. 

Continuing our blockchain for dummies guide, let us remind you that blockchains are constantly expanding as new blocks are added to the chain, increasing the ledger's security.  

The overarching issue is trust. How can we believe that if someone establishes new money called the Y dollar, they will not award themselves millions of Y dollars or perhaps take your Y dollars? 

It was this issue that [Bitcoin](/coins/btc) was created to address, using a special database known as a blockchain. Most conventional databases, such as SQL databases, have someone in charge who can update the entries. Blockchain is unique because no one is in control; it is run by the individuals who utilise it. Furthermore, Bitcoins cannot be counterfeit, hacked, or double-spent — thus, anyone who holds this money may be confident that it has some worth.  
 
A blockchain network can track orders, payments, accounts, production, and other things. And, since members share a single view of the truth, you can see all the complexities of a transaction, giving you greater confidence as well as new efficiencies and opportunities. 

## Benefits of Blockchain for Dummies? 

Currently, operations frequently waste time and resources on duplicate record keeping and third-party validations. Fraud and cyberattacks can exploit record-keeping systems. A lack of transparency can slow data verification. And since the introduction of IoT, transaction volumes have surged. All of this slows commerce, depletes the bottom line, and suggests that a different method is required. Here comes blockchain.  
 
## Trust  

You may be sure that as a member of a members-only network, you are receiving accurate and timely data, and that your confidential blockchain records will be shared only with members of the network to whom you have authorised access.  
 
## Security  

Because confirmed transactions are permanently stored, all network participants must agree on data veracity. Nobody, not even the system administrator, can erase a transaction. 

## Increased Efficiencies  

Time-consuming record reconciliations are removed with a distributed ledger shared across network participants. A collection of rules, known as a smart contract, may also be placed on the blockchain and implemented automatically to speed up transactions. 

## Types of Blockchain Networks for Dummies
 
### Blockchain public networks  

A public blockchain is one that anybody may join and participate in. Bitcoin is an example. Significant processing power may be required, as well as little or no transaction privacy and inadequate security. These are critical concerns for the application of blockchain in the corporate world.
 
### Blockchain private networks  

Like a public blockchain network, a private blockchain network is a decentralised peer-to-peer network. A single organisation governs the network, controlling who may participate, implements a consensus procedure, and maintains the shared ledger. Depending on the application, this can increase participant trust and confidence. A private blockchain can be hosted on-premises or behind a corporate security system.
 
### Blockchain networks with permissions  

Businesses that create a private blockchain create a permissioned blockchain network. It is worth noting that public blockchain networks may be permissioned as well. This limits who is permitted to join the network and what transactions are made. To participate, you must have an invitation or permission

### Blockchain consortiums  

The upkeep of a blockchain may be shared across many companies. These pre-selected organisations control who may submit transactions and access data. A consortium blockchain is appropriate for business circumstances where all stakeholders must be approved and share ownership of the blockchain.
 
### Blockchain Security for Dummies  

When developing an enterprise blockchain application, it is critical to have a complete security plan that employs cybersecurity frameworks, assurance services, and best practices to decrease the risk of attacks and fraud.  
 
While blockchain technology creates a tamper-proof transaction ledger, blockchain networks are vulnerable to cyberattacks and fraud. Those with malicious intent can exploit known weaknesses in blockchain technology and have been successful in various hacks and frauds throughout the years. Here are a couple of such examples:
 
### Exploitation of code  

Through code exploitation, the Decentralised Autonomous Organisation (DAO), a venture capital fund based on a decentralised blockchain inspired by Bitcoin, was plundered of more than USD 60 million in ether digital currency – almost one-third of its value.
 
### Keys stolen  

The loss of roughly USD 73 million in client Bitcoins from Hong Kong-based [Bitfinex](https://www.bitfinex.com/), one of the world's largest cryptocurrency exchanges, revealed that the currency remains a substantial danger. The reason was the theft of private keys, which are personal digital signatures.
 
### Employee computer hacked 

When Bithumb, one of the major Ethereum and Bitcoin cryptocurrency exchanges, was recently attacked, hackers accessed the data of 30,000 customers and stole USD 870,000 in Bitcoin. Even though it was an employee's PC that was hacked rather than the main servers, the incident prompted concerns about general security.

When creating a private blockchain, ensure it is implemented in a secure, robust architecture. Poorly chosen underlying technology for company goals and operations might expose data to security threats due to vulnerabilities. 
Consider the dangers to business and governance. Financial repercussions, reputational considerations, and regulatory hazards are all examples of business risks. Governance issues stem from the decentralised nature of blockchain systems, which necessitate strict controls over decision criteria, governing policies, identification, and access management. 
 
Understanding and controlling blockchain network risks are important to blockchain security. A blockchain security model comprises the strategy to deploy security to these controls. Create a blockchain security model to verify that all security safeguards for your blockchain solutions are in place. 

Administrators must create a risk model that addresses all business, governance, technological, and process concerns to execute a blockchain solution security model. They must next assess the dangers to the blockchain solution and develop a threat model. Then, administrators must create the security measures that will reduce the risks and threats based on the three categories listed below:  

Implement blockchain-specific security mechanisms.  
Use standard security controls.  
Implement blockchain business controls. 
How Does Blockchain Operate in the Business World?  
Blockchain for business is useful for entities that do transactions with one another. Permissioned users may access the same information simultaneously using distributed ledger technology, improving efficiency, removing friction, and building trust. Blockchain technology can also enable a solution to grow and scale quickly. Many solutions can be customised to do many jobs across sectors.  
 
## What Role Does Blockchain Play in Environmental Protection?  

Blockchain technology may enable new change models, expand knowledge, and assist social groups in creating common systems of record that meet the needs of corporate donors. Blockchain guarantees that production processes and environmental effects may be recorded, audited, and reported. 

So, to summarise for dummies, blockchain technology enables operational, regulatory, increased visibility, and traceability verification efficiencies. This technology also functions as a robust database that can be readily coupled with big data. Blockchain has the potential to reduce costs and make many services more competitive.
 
 
 



Blockchain for Dummies: The Tech Explained

There are thousands of different cryptocurrencies, including the new Ethereum Max. Every day, hundreds of new ones are created. It can be challenging to separate the good from the bad in this crypto river.
As a general rule, most current cryptocurrencies are entirely useless and should be avoided. Is Ethereum Max among them? Let's look more closely at the new Ethereum Max cryptocurrency. This article will lay out all the information you need to know about Ethereum Max.

## What is Ethereum Max?

Ethereum Max, or [EMAX](https://coinmarketcap.com/currencies/ethereummax/), is an ERC20 token. With no pre-sale and no tokens reserved for the development team, all tokens were released on the open market, resulting in a fair and complete distribution of the coins. EMAX was created to provide the world with an [Ethereum](/coins/eth)-based token that gives holders the security and versatility of the Ethereum blockchain while also yielding rewards and enhancing digital asset decentralisation. The token was created to strengthen existing systems while also adding secondary benefits such as redistributing a percentage of all transactions to existing holders. With each transaction, investors will receive an increase of EMAX in their wallets.

## How Does EMAX Work?

It is difficult to explain how Ethereum Max works because it does nothing but exist. ERC-20 tokens are simple to create and require little programming knowledge. The Ethereum blockchain is open to the public. Anyone can create a token with any name they choose and generate marketing buzz around it, with no requirement that it be useful.

The whitepaper and roadmap for the project make very ambitious claims for the future of the 'Ethereum Max Ecosystem,' but the uses of EMAX crypto are chiefly speculative.

Its current value appears to be derived primarily from demand generated by an aggressive marketing campaign combined with a deceptive name. According to the project's website, the token gives EMAX wallet holders a 3% share of the transaction value. Because the contract code EMAX token is not publicly available, it is unclear how this is accomplished.

Overall, the EMAX token functions by being popular, similar to a meme coin. However, unlike a meme coin, there is no meme to drive its popularity, so the project relies heavily on marketing to unsophisticated buyers to increase demand for EMAX crypto.

## What is the Use of EMAX Token?

EMAX is one of the only environmentally friendly and 100% decentralised tokens to avoid rug pulls. The entire supply is released to the open market, and none is burned to a dead address. We currently have six months of liquidity locked in; once we convert to V3, we will have 1,000 years of liquidity locked in. This reduces the risk for investors while ensuring security via the Ethereum blockchain. It is also worth noting that EMAX tokens are not mined because they are supported by Proof of Stake (PoS) technology. This allows us to operate in an environmentally friendly and fully decentralised environment.

## Buying and Selling EMAX

You can always sell EMAX cryptocurrency on the same exchange where you bought it. The procedure for selling EMAX cryptocurrency is nearly identical to purchasing it.

## Conclusion

EMAX crypto is a token created by unidentified Ethereum Max project developers.

The token's name may lead you to believe it is an official product of the Ethereum blockchain or the Ethereum Foundation. That is not the case.

If you purchase EMAX cryptocurrency, you can exchange it for any other ERC-20 token on a decentralised exchange you can or a few centralised exchanges.


Latest Moni

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