Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October. The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny Ryan.
Ryan described the technical upgrade as follows: “This upgrade brings light-client support to the core consensus, cleans up beacon state incentive accounting, fixes some issues with validator incentives and steps up the punitive params as per EIP-2982.”
EIP-2982 introduces “punitive parameters” to ensure that the proof-of-stake protocol is economically secure. “Inactivity leak” and “slashing” are the two proposed penalties under the improvement proposal. Ethereum’s London hard fork arrived almost on schedule on Aug. 5, ushering in the highly anticipated EIP 1559 proposal. Proponents touted EIP-1559 as the deflationary switch because it involved burning base fees, thereby reducing the circulating supply of ETH.
Joseph Lubin, who co-founded Ethereum before moving on to ConsenSys, said London puts ETH on track to become “ultrasound money.” The concept of “sound” or “ultrasound” money was popularized by the Bitcoin (BTC) community and refers to an asset that is not susceptible to a sudden depreciation in value or purchasing power. The ETH price was down sharply on Tuesday, as cryptocurrencies sold off along with other risk assets, including stocks. ETH was last seen trading at $2,822, having declined 6.5% on the day.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
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Bitcoin predictions | 75.2% | 54 | $67 879.29 | 2.42% | 2.02% | $1 339 364 524 818 | ||
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Ethereum predictions | 74% | 47 | $3 260.40 | 2.36% | -6.61% | $391 991 973 567 | ||
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Tether predictions | 91.6% | 1 | $1.000085 | 0.02% | -0.06% | $114 338 977 718 | ||
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Solana predictions | 68.4% | 71 | $182.85 | 6.00% | 7.94% | $84 952 035 310 | ||
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Binance Coin predictions | 75.6% | 41 | $579.57 | 1.22% | -1.65% | $84 574 938 453 | ||
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USD Coin predictions | 94% | 1 | $1.000019 | 0.01% | -0.01% | $34 125 999 215 | ||
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XRP predictions | 58% | 86 | $0.598773 | -1.11% | 3.01% | $33 507 831 491 | ||
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Dogecoin predictions | 71.2% | 55 | $0.134695 | 7.98% | 7.45% | $19 568 487 165 | ||
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Toncoin predictions | 82% | 30 | $6.72 | 1.60% | -7.98% | $16 907 584 322 | ||
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Cardano predictions | 74% | 48 | $0.418261 | 6.58% | -4.48% | $15 016 585 321 | ||
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TRON predictions | 86.4% | 18 | $0.137499 | 1.34% | 2.07% | $11 970 793 016 | ||
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Avalanche predictions | 75.6% | 40 | $28.58 | 4.89% | 1.67% | $11 285 074 208 | ||
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Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Wrapped TRON predictions | 92.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
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SHIBA INU predictions | 82.4% | 29 | $0.000017 | 3.77% | -3.14% | $10 090 877 222 |
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