Cardano Blockchain developer Input Output Hong Kong (IOHK) has submitted an updated proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade. The Vasil upgrade is slated to bring “significant performance and capability upgrades” to the blockchain, with IOHK describing the fork as the “biggest and best upgrade to date,” providing higher throughput, improved script performance for developers and lower costs. One of the most significant updates pointed out by the team is the implementation of diffusion pipelining aimed at improving the blockchains’ scalability for decentralized applications (DApps). The update will allow faster …

The price of THORChain’s token RUNE is up 16% since the project announced the official launch of its mainnet on Wednesday. The team announced the mainnet launch on Wednesday, alongside the rollout of a “Rune in a Million Campaign” on Binance that contains a total of $1 million worth of RUNE rewards for users of the exchange. The announcement has been followed by a 16% bump for RUNE to $2.18 at the time of writing, and the price is up 31.6% over the past seven days. The surge has provided some much-needed relief for RUNE, though the price is still …

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization, or reorg, on Wednesday. According to data from Beacon Scan, on Wednesday, seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 am UTC. The term reorg refers to an event in which a block that was part of the canonical chain, such as the Beacon Chain, gets knocked off the chain due to a competing block beating it out. It can be the result of a malicious attack from a miner with high resources or …

Core Ethereum developer Tim Beiko has outlined a series of suggestions and expectations about the upcoming Merge for application and protocol developers on Ethereum. For the average users of apps and protocols, Beiko simply suggested testing things out to ensure nothing is broken as more tests are executed. He tweeted on Tuesday, “Run stuff, if something is unclear or broken, leave a comment.” Yes! Run stuff, if something is unclear or broken, leave a comment, as you probably aren’t the only one with that issue User PoV guides, how-go’s, etc. are always super useful, too! https://t.co/tyWqgVBSuc — Tim Beiko | …

Ethereum's native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token's next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August. ETH to $4K? Ether's price could reach $4,000 by 2022's end, according to a technical setup shared on May 20 by Wolf, an independent market analyst. The analyst envisioned ETH moving inside a multi-month ascending triangle pattern, which comprises a horizontal trendline resistance and rising trendline support. Notably, ETH's latest retest of the structure's …

Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August — hopefully. Preston Van Loon, a core developer of the Ethereum network, told attendees at the Permissionless conference that the transition, known as The Merge, would occur sometime in August if everything plays out according to plan. Ethereum core Dev @preston_vanloon just said the eth merge is ready,they are now only testing, and expects the merge to happen in August. Packed room @Permissionless are excited about it. Great question @TrustlessState. Also on panel @drakefjustin pic.twitter.com/vX4beNatJ5 …

Ethereum co-founder Vitalik Buterin believes that layer-2 transaction fees need to be under $0.05 to be “truly acceptable.” Buterin made the latest comments in response to a Twitter post from the “Bankless” podcast host Ryan Sean Adams, who shared a screenshot of the average transaction fees for eight eight Ethereum layer-2 platforms. The data is from L2fees.info, a website that compares the cost of Ethereum’s layer-1 network in comparison to layer-2s built on top of it. The only layer-2 to meet Buterin’s desired transaction fee under $0.05 is the Metis Network at $0.02, however, a token swap on the platform …

The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract platform. The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment in digital democratic governance,” the Optimism Collective essentially comprises a band of communities and stakeholders committed to improving Ethereum’s technical capabilities. According to the details, the Optimism Collective will be governed by two components: the Citizens’ House and the Token House. The Citizens’ House will …

Activity on the Cardano blockchain is starting to heat up, with 400 new projects in the works along with 100,000 new wallets being created over the past month. According to a Tuesday Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March 11, after IOHK Vice President Tim Harrison stated that the total stood at around 500 via Linkedin post. As of today, nearly 900 projects are #BuildingOnCardano⚒️ And this number goes up day by day. Keeping track of all the news from …

The long-awaited Ethereum Merge is set for yet another delay, with developers working on the upgrade estimating a completion time a “few months after” June. Owing to the success of testing, there was a general expectation the Merge would go through mid year, however the latest setback is unsurprising given that Proof of Stake has been delayed constantly ever since it was first proposed. That said, the signs are promising that the Ethereum mainnet will actually merge with the beacon chain to become a Proof-of-Stake (PoS) network this year. For real. Ethereum developer Tim Beiko provided the updated timeline via …

Cointelegraph is following the development of an entirely new blockchain from inception to the mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. Scalability is a popular topic in blockchain, but few ever explain what we mean by that term. When we at Koinos Group talk about scaling what we mean is scaling to the masses. Creating a blockchain that everyone on Earth can use. That means the blockchain network has to be able to support that level of load, which is typically what people mean when they refer to scalability. …

The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration. On Feb. 19, OpenSea pushed a new smart contract and urged users to start the migration of their NFT listings from the old contract to the new one. The NFT marketplace mentions that the upgrade brings new features such as bulk listings and more descriptive signatures while ensuring that all inactive listings expire. However, hours after the announcement, the platform reported phishing attacks …