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As one of the largest blockchain ecosystems continues to grow, Ethereum co-founder Vitalik Buterin notes that it will be necessary to adopt the three transitions for Ethereum to be sustainable in the long term.

These transitions, as Buterin explains in his latest blog post are: layer-2 scaling, wallet security and privacy.

Its not just features of the protocol that need to improve; in some cases, the way that we interact with Ethereum needs to change pretty fundamentally, requiring deep changes from applications and wallets, Buterin wrote.

Buterin explains that it will be necessary to build cross-chain solutions of layer-2 blockchains, drawing on examples of how it is difficult now for users to have only one address with the multiple different scaling solutions that exist on top of Ethereum today.

In an L2 scaling world, users are going to exist on lots of L2s. Are you a member of ExampleDAO, which lives on Optimism? Then you have an account on Optimism! Are you holding a CDP in a stablecoin system on ZkSync? Then you have an account on ZkSync The days of a user having only one address will be gone, he said.

This must be achieved at the same time as the further development of smart contract wallets and privacy.

These three transitions are not completely new to the blockchain ecosystem at large, and definitely not unique to Etheruem.

Cross-chain solutions that can help different networks communicate with one another, for example, has been explored in depth by the Cosmos ecosystem a network of individual layer-1 app chains.

In an interview with Blockworks, Dougie DeLuca, an investor at Figment Capital, noted that rollup ecosystems are beginning to resemble Cosmos in a lot of ways.

Theres conversations right now about how blockchain design is just going to be commoditized, and theyre going to look kind of similar. This is honestly the earliest sign of this that Ive seen, where the Cosmos has proliferated the idea of app chains. And rollups right now are moving more and more towards app specific rollups, which is similar to an app chain, DeLuca said.

Cosmos layer-1 blockchains, for example, communicate with each other through an inter-blockchain communication protocol (IBC). A more Ethereum-native solution to resolving the interoperability between layer-2s would be Connext, a team building out chain abstraction.

Similarly, with smart contract wallets, Etheruem is designing account abstraction solutions that will enable users to have self custody over their own wallets. In Cosmos, this is currently being explored by Authz.

Although fundamentally different, the end goal is similar.

I think it would be great for the Cosmos and rollup teams to work closely togetherEthereum has been focusing on one set of problems for a long time, and Cosmos another set. If we combine our knowledge, I think we actually have a pretty great solution that we can work towards, DeLuca said.

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Vitalik Buterin: Ethereum must adopt 'three transitions' to succeed - Blockworks

As the fallout from the lawsuits filed by the United States Securities and Exchange Commission (SEC) against two popular cryptocurrency exchanges Binance and Coinbase subsides, cryptocurrencies are slowly starting the recover, including those that are still available for less than $0.10 apiece.

With this in mind, Finbold has scoured the crypto market and assembled a list of five such crypto assets that have demonstrated the potential for further advances, making them a particularly attractive investment in the week that follows.

One of the rare cryptos recording gains across all charts, TRON (TRX) has recently crossed multiple important milestones, including its blockchain height exceeding 51.66 million, the number of accounts nearing 164 million, the number of transactions surpassing 5.72 billion, and total value locked (TVL) reaching $12.6 billion.

At the same time, TRON has expanded its reach by going live on the Ethereum (ETH) network with the help of the BitTorrent (BTT) bridge, all of which has contributed to its token increasing its price by 1.15% on the day, 2.52% over the week, and 11.26% in the last month, currently trading at $0.0782.

Meanwhile, XDC Network (XDC) has also retained strength in the face of recent regulatory turbulences, thanks to, in part, expanding its footprint in Japan through a partnership with SBI VC Trade, a crypto trading platform subsidiary of Tokyo-based financial holding company SBI.

As things stand, the token of the project that has recently celebrated its fourth birthday is currently changing hands at the price of $0.03575, which represents a 3.18% gain in the last 24 hours and 2.68% on its monthly chart, whereas across the previous week, it has declined by 1.20%

Although its price movements have not been as successful in recent weeks as those of the above-mentioned assets, Dogecoin (DOGE) is nonetheless a good investment opportunity, as its network has recorded significant growth, exceeding 5 million holders and surpassing 135 million transactions, as per the data retrieved from the analytics platform Blockchair on June 9.

On top of that, Elon Musk has recently reiterated his support for the meme coin, replying to Riot Platforms research vice president Pierre Rochard and Twitter founder Jack Dorsey who emphasized that Coinbase should prioritize Bitcoin (BTC). At press time, DOGE was trading at $0.06977, up 3.72% on the day despite declining 1.84% over the week and 4.99% across the month.

In addition to the development of its Shibarium network and ShibaSwap decentralized exchange (DEX) and 333 billion tokens accumulated, Shiba Inu (SHIB) was the crypto of choice by Ethereum (ETH) co-creator Vitalik Buterin for another $10 million-worth donation to the India-focused coronavirus prevention initiative CryptoRelief.

Although in the last seven days, SHIB has lost 5.98%, in addition to the 12.07% drop over the previous month, it has nevertheless gained 0.4% on the day, currently changing hands at the price of $0.000008004, as a panel of 55 industry experts predicts it will surge by 520% in the next two years.

In the meantime, the Hedera (HBAR) network has recently become part of the program to tokenize home equity assets in partnership with the first fractional equity home funding platform Quarter Inc. and the TOKO asset tokenization engine, with the introduction of the Quarter HPI utility token.

Furthermore, the Hedera blockchain has recently recorded a milestone of 10 billion transactions, which, in addition to the above program, is one of the solid foundations for the tokens future. By press time, HBAR has reached the price of $0.04871, up 1.14% in the 24-hour period but down 3.55% on the week and 11.18% across the month.

At the end of the day, it makes sense that an assets low price per wholecoin should not be a deterrent for investment, particularly if such a cryptocurrency has had a number of positive developments in recent days and/or weeks and has demonstrated strength. However, detailed research is still necessary before investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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5 cryptocurrencies under $0.10 to buy next week - Finbold - Finance in Bold

Can Ethereum break back past $2,000? | Credit: Shutterstock

Key Takeaways

When the United States Securities and Exchange Commission (SEC) announced that it was suing the Binance and Coinbase crypto exchanges on charges of selling unregistered securities, one of the biggest names not listed in the legal papers was Ethereums Ether (ETH) cryptocurrency. The worlds second largest crypto, ETH has been on a rough ride along with the rest of the market over the last year or so, but seems to be recovering well from the market shock caused by the SECs announcements.

But what is Ethereum (ETH)? How does Ethereum work? Lets take a look and see what we can find out, and also examine some of the Ethereum price predictions that were being made as of 9 June 2023.

Ethereum was set up by a team of developers, led by the Russian-born and Canadian-based computer wizzkid Vitalik Buterin, in 2013. Up to that point, blockchains had basically existed to support cryptocurrencies, but there was the idea that they could be used for things other than money. In 2015, it was launched and allowed people to create their own decentralized applications (DApps), computer programs that automatically execute when certain conditions are met.

Ethereum, which has gone through a variety of hard forks, processes where a new form of the blockchain is created, making all valid transactions invalid and vice versa, has its own native coin. This coin is, technically speaking, called Ether, but most people call it Ethereum, regardless. This crypto, known by its ticker handle ETH, can be used for paying for transactions on the blockchain, it can be bought, sold and traded on exchanges, and it can also be staked, or set aside, in order to add blocks to the blockchains.

For a long time, the Ethereum blockchain used a Proof-of-Work (PoW) consensus mechanism, which meant that people solved increasingly complex equations to add blocks to the blockchain, earning rewards for doing so. However, there were two major problems with that. Firstly, it had a negative impact on the environment.The blockchain was responsible for upwards of 90 terawatt hours (TWh) of energy per year, according to data from the Ethereum Energy Consumption Index. To put that into context, Ethereum used more energy than the entire nation of Kazakhstan.

Secondly, the Ethereum blockchain could get very slow and very crowded. This meant that transactions took longer, which cost people more money, and it also meant that there was a proliferation of layer 2 scaling solutions. These were platforms linked to the Ethereum blockchain with the aim of taking transactions off the blockchain, carrying them out, and then putting them back on, thus, theoretically, saving time and money.

In 2020, it was decided that Ethereum would move to a new consensus mechanism. A form of Proof-of-Stake (PoS), it now meant that people who held ETH were able to add blocks to the blockchain based on how much ETH they held. The final move to PoS, dubbed The Merge, was completed on 15 September 2022.

The Ethereum price history is pretty long, but lets take a look at some of the highlights and lowlights. Remember, though, that past performance is no indicator of future results. That said, knowing what ETH has done in the past can help give us some context if we want to either make or interpret an Ethereum Price Prediction.

When ETH first came onto the open market in 2015, it was worth about $2.77. It broke past $10 the following year, only for a hack to drop it back down by the end of the year. In 2017, it crossed over $100 and early on in 2018 a crypto bubble saw it spend some time above $1,000 before it dropped back down to spend the so-called crypto winter of the following three years or so hovering around the $300 mark.

ETH woke up in early 2021 as the market exploded and it reached just under $4,000 in May. It went down over the summer but, in August, the market picked back up. With non-fungible tokens (NFTs) the buzzword of the day, the success of the, usually Ethereum-based, rights to links to images of digital art helped bolster the price over the next few months. When Bitcoin (BTC) reached record levels in early November, ETH followed suit, trading at an all-time high of $4,891.70 on 16 November.

In 2022, though, things started to go badly wrong for the entire world of crypto. Not even the successful completion of The Merge could mitigate an overall gloomy economic climate and a series of market crashes, with Ether getting perilously close to dropping below $1,000 at various points in the year.

So far, 2023 has seen some recovery, with the coin breaking past $2,000 for the first time in nearly a year in April. After that, though, recent market events have seen it drop down and, on 9 June 2023, it was worth about $1,840. At that time, the cryptos entire supply of 120.2 million was in circulation, giving it a market cap of $222 billion and leaving it as the second-largest crypto, behind Bitcoin.

Ethereum has been performing relatively well in the wake of the SECs charges against Coinbase and Binance. On 5 June, before the Binance announcement, it was trading at $1,890.64. While the news of the charges saw it fall nearly 6% to $1,780.21, it recovered to reach $1,896.22 the following day. After that, it fell somewhat, and is now down around 2.65% from its pre-legal case levels, it is back up by about 3.35% from its 5 June low.

With that out of the way, lets take a look at some of the Ethereum price predictions that were being made as of 9 June 2023. Keep in mind that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, please remember that many long-term crypto price predictions are made using an algorithm, which means that they can change at any time.

First, CoinCodex had a short-term Ethereum price prediction for 2023 that suggested the coin could go down and then up. It said it would fall to $1,813.85 on 14 June, before recovering to hit $1,854.49 on 10 July. The sites technical analysis was just about bearish, with 18 indicators sending discouraging signs and 11 making bearish ones.

When it came to other Ethereum price predictions for 2023, CaptainAltCoin said that the coin would wobble somewhat, dropping to $1,784.36 in August before breaking past $2,000 the following month and closing the year at $2,129.92. DigitalCoinPrice, on the other hand, was very optimistic, saying that would be worth an average of $3,938.63 this year. CoinPriceForecast, meanwhile, said that the coin would grow, reaching $1,888 by the end of June and closing the year at $2,205.

In terms of an Ethereum price prediction for 2025, DigitalCoinPrice was keen to show its enthusiasm for ETH, saying the coin would stand at $5,976.74, while CaptainAltCoin was even more optimistic, forecasting a future ETH price of $14,606.33 for that year. CoinPriceForecast, meanwhile, was a bit more realistic, saying Ether would stand at $3,077 in the middle of the year and $3,539 by the years end.

In terms of a more long-term Ethereum price prediction for 2030, CoinPriceForecast argued itwould reach $4,855 at the years midpoint and close it at $5,128. DigitalCoinPrice claimed it would stand at $18,912.28, while CaptainAltCoin was yet more positive, with a forecast of $36,515.84.

It is hard to say, although it could be argued that the signs look good. It has recovered relatively well from the news that SEC was suing Binance and Coinbase, and the coin is certainly not without its uses. That said, some caution is always advised. Remember that The Merge, which was to take Ethereum to a whole new level, was something of a damp squib, pricewise, and cryptos have a reputation for being very volatile. You must do your own research on Ethereum before you make a decision.

No one can really say for sure. While a lot of forecasts are optimistic, price predictions are very often wrong. Remember, too, that prices can, and do, go down as well as up.

This is a question you will have to answer yourself. Before you do so, you will have to do your own research, not only on ETH but on other cryptos, such as Bitcoin. It is also vital that you never invest more money than you can afford to lose.

As of 9 June 2023, there were 120.2 million ETH in circulation, representing the coins total supply.

It might do. CaptainAltCoin says it could happen as soon as 2025, while DigitalCoinPrice says it should break through that mark in 2029. However, price forecasts are very often wrong, so you should exercise caution.

One of the most important differences between Bitcoin and Ethereum is that, while Bitcoins blockchain exists purely to support Bitcoin, Ethereum is used to host decentralized applications (DApps) and other programs.

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the authors opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Ethereum Price Prediction 2023: ETH Flirts With $2k Mark Despite ... - CCN.com

The Evolution of Smart Contract Technology: From Concept to Reality

The evolution of smart contract technology has been nothing short of remarkable. From its humble beginnings as a theoretical concept to its current status as a revolutionary force in the world of finance and technology, smart contracts have come a long way in a relatively short period of time. In this article, we will explore the history of smart contracts, the key players involved in their development, and the potential impact they could have on various industries in the future.

The concept of smart contracts was first introduced by computer scientist and cryptographer Nick Szabo in 1994. Szabos vision was to create a digital contract that could automatically execute itself based on predefined conditions, without the need for human intervention. This idea was revolutionary at the time, as it promised to streamline complex legal processes and reduce the potential for disputes and fraud.

However, it wasnt until the advent of blockchain technology that smart contracts began to take shape as a viable and practical solution. Blockchain, a decentralized digital ledger system, provided the perfect platform for smart contracts to operate, as it ensured transparency, security, and immutability. The most famous implementation of smart contracts on a blockchain is Ethereum, a decentralized platform that allows developers to build and deploy smart contracts and decentralized applications (dApps).

Launched in 2015 by Russian-Canadian programmer Vitalik Buterin, Ethereum has since become the go-to platform for smart contract development. Its native cryptocurrency, Ether (ETH), is currently the second-largest cryptocurrency by market capitalization, and its blockchain hosts thousands of dApps and smart contracts. Ethereums success has spurred the development of other blockchain platforms that also support smart contracts, such as Cardano, EOS, and Tezos.

One of the most significant milestones in the evolution of smart contract technology was the creation of the ERC-20 token standard. This standard, developed by Ethereum, outlines a set of rules and guidelines for creating and issuing tokens on the Ethereum blockchain. The ERC-20 standard has been widely adopted by the cryptocurrency community and has facilitated the rapid growth of the initial coin offering (ICO) market, allowing startups to raise billions of dollars in funding through the issuance of tokens.

Despite their potential, smart contracts have not been without their challenges. Security vulnerabilities and coding errors have led to high-profile hacks and losses, such as the infamous DAO hack in 2016, which resulted in the theft of around $50 million worth of Ether. This incident highlighted the need for rigorous security measures and thorough code auditing in the development of smart contracts.

Looking ahead, the future of smart contract technology appears to be bright. The ongoing development of Ethereum 2.0, a major upgrade to the Ethereum network, promises to bring significant improvements in scalability, security, and energy efficiency, further solidifying Ethereums position as the leading smart contract platform. Additionally, the growing interest in decentralized finance (DeFi) has brought smart contracts to the forefront of financial innovation, with billions of dollars now locked in DeFi protocols built on smart contracts.

Moreover, the potential applications of smart contracts extend far beyond the realm of finance. Industries such as supply chain management, real estate, healthcare, and even voting systems could benefit from the automation, transparency, and security provided by smart contracts. As the technology continues to mature and gain mainstream adoption, it is likely that we will see an increasing number of industries embracing smart contracts as a means to streamline processes and improve efficiency.

In conclusion, the evolution of smart contract technology has been a fascinating journey, marked by significant milestones and breakthroughs. From its inception as a theoretical concept to its current status as a driving force in the world of blockchain and cryptocurrency, smart contracts have come a long way. As the technology continues to develop and mature, it is poised to have a profound impact on a wide range of industries, revolutionizing the way we conduct business and interact with one another.

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The Evolution of Smart Contract Technology: From Concept to Reality - CityLife

Benzinga - As the regulatory pressure on leading cryptocurrency exchanges Binance and Coinbase increases, questions are arising about the classification of Ethereum (CRYPTO: ETH), whether as a security or a commodity.

What Happened: Some high-profile figures in the crypto world, such as former Twitter CEO Jack Dorsey and early Bitcoin (CRYPTO: BTC) investor Roger Ver, have expressed thoughts on Ethereum in the past.

Dorsey was responding to a Twitter user who asked Dorsey is ETH a security. To which, Dorsey said Yes.

This came at a time when the Securities and Exchange Commission (SEC) filed charges against cryptocurrency exchanges Binance and Coinbase Global for allegedly violating securities regulation rules.

Dorsey has also been critical of Ethereum in the past, warning that it has many single points of failure and calling Ethereum-based projects not interesting.

See More: A Stay At The Floating Palace From James Bond's Octopussy

Why It Matters: Ver, on the other hand, has claimed that Ethereum will be responsible for driving the bulk of new users toward crypto.

In an episode of the Show Me The Crypto podcast, Ver stated that despite Ethereums scaling issues and the rise of other layer-one clones, the Ethereum ecosystem is still where the action is.

Even though Ethereum doesnt have the biggest market cap compared to Bitcoin, he said, I think Ethereum is the front-runner in terms of driving worldwide adoption.

Ver went on to provide an account of the civil war that occurred in the early days of Bitcoin between Ethereum co-founder Vitalik Buterin and Bitcoin core developers. Despite this conflict, Ver believes that Ethereum has emerged as the leading force in the cryptocurrency world.

Price Action: At the time of writing, BTC was trading at $26,411.75, down 2%. ETH was trading at $1,838.18, down 1.82% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Fall Amid Binance, Coinbase Lawsuits Analyst Now Prefers NFTs Over Buying Some Random Dog Coin

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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