Three Ethereum Testnets Are Transitioning to the Highly Anticipated London Upgrade

According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401, which is expected to happen around June 24, 2021.” […]

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Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

Testnet of Facebook's Much Vaunted Stablecoin Only Executes 6 Transactions per SecondThe Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […]

The post Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second appeared first on Bitcoin News.

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First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens Rewards

First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens RewardsPRESS RELEASE. ZKSwap developed by L2Lab is the first layer2 dex based on ZK-Rollups technology and using the AMM model. The team has recently closed a $1.7 million Angel Round led by Bixin, followed by Longling Capital, SNZ Holding, FBG Capital, Jubi, and Consensus Lab. After launching on the Ethereum Ropsten test network on November […]

The post First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens Rewards appeared first on Bitcoin News.

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Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300MYearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and […]

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