The growth of the decentralized finance (DeFi) market makes the Ethereum ecosystem an integral part of the global financial market. Meanwhile, the expensive gas fee turns out a barrier to ordinary players and new users entering Ethereum. The skyrocketing gas fee can be attributed to not only the increasing number of on-chain transactions, but also the tempting miner extracted value (MEV) of Ethereum, which incites “treasure hunters” to keep raising the gas fee until they front-run transactions, i.e., an irresistible treasure.

The profit-making logic behind MEV operations is nothing new for the traditional financial markets. Brokers, as an intermediary in…


The past half month has witnessed an overall fall in the encryption market due to policies. Some cryptos have even plummeted by as much as 60%, with the loss outweighing the gain for the past half year.

Amid the volatile market, assets have shrunk, and the future becomes ever more uncertain. Most of the short-term arbitrageurs who are negative toward this industry have cleared their positions, while the far-sighted investors have already pondered over ways to seize the next bull market. Among the many investment methods they favor, PoW-based mining and PoS-based staking have been most widely discussed, and opinions…


Great waves sweeping away sand, the real gold then emerges

Since the birth of digital mining, mining enthusiasm has grown year by year, and the hashrate of the entire network has kept rising. Individual miners can no longer manage it as a scalable, specialized, and globalized mining industry has become the norm. In the past few years after the Bitcoin halving and the volatile ups and downs of the crypto market, the mining pool industry has also gone through the test of time, eliminating countless weak market players. Those having survived have basically developed in a scalable, specialized way.

Since…


The development of the blockchain industry is, to some extent, restricted by the underlying architecture technology of public chains. Since the birth of Ethereum, numerous public chain projects aimed at developing into the “next-generation blockchain technology”, “the next-generation public chain” or “the blockchain for commercial use”, yet all the ambitions ended in failure. Why? The industrial environment and technological restrictions may be to blame. Fortunately, that does not discourage the geeks in the encryption field who have been diligently pushing the outer edge of the boundary of the decentralization world.

Recently, a public chain project named Starcoin has come to…


Amid the recent market slump, BTC has dropped more than 20% in a single day, even dragging the whole market down. Under such extreme market conditions, network congestion has become frequent. According to the data of the BTC Explorer, there are 19,606 BTC transactions waiting in line to get confirmed, and the number still keeps surging, driving the average transaction fee to approach $20. Given the current TPS of 2.9, that is, the transaction rate is currently at 2.9 transactions per second (TPS), theoretically it would take 15.79 hours to process all the 19,606 unconfirmed transactions on the entire network.


Amid the bull market, cryptocurrencies are receiving widespread attention. At the same time, venture capital seems eager for action, institutions enter the market, and technology giants keep investments, followed by a great number of individual investors. They are all looking for investment opportunities after the COVID-19 epidemic.

Given that many new investors are strangers to mining pools and relevant obscure concepts, ViaBTC has prepared this issue to get them aware of how the mining pool works and the main settlement methods among the existing mining pools.

Q1: What is a mining pool?

The concept of “mining pool” originated from Bitcoin…


Ethereum is second to none among global public chains. Despite its low on-chain TPS, expensive transaction fees, and limited on-chain carrying capacity, Ethereum enjoys high consensus, making it difficult for numerous “Ethereum killers” in the industry to shake its status as the top ecosystem in the short run.

The launch of the ETH 2.0 beacon chain, in particular, offers a glimmer of hope. From the ETH 2.0 pledge address, we can see: As of April 28, 4,025,186 ETH has been deposited to Eth2 Deposit Contract (the pledge smart contract address of Ethereum 2.0), with a total value of US$10.456 billion…


Recently, Ethereum has just completed the Berlin hard fork, involving the optimization of the mainnet performance, smart contracts, and gas efficiency as well as updates in how the Ethereum Virtual Machine (EVM) reads code.

The progress of Ethereum 2.0, which is hailed as the king of the public chain, has always been in the spotlight. With the smooth completion of the Berlin hard fork, the London upgrade, the next important hard fork event, is coming in July, and the widely discussed “EIP-1559” will also be executed at that time. …


Some say that the blockchain comes into being by accident. They believe there would be no blockchain without Bitcoin that was created twelve years ago, let alone to discover the value of this technology. However, some sociologists have different opinions: Blockchain is an inevitable product as the Internet develops further. The development of the Internet is in essence the development of information technology, which gives rise to technologies that can greatly catalyze human productivity such as artificial intelligence, big data, and cloud computing. Each era comes with suitable productive forces and production relations.

  1. The first bonus from the digital economy


The ups and downs of the past twelve years since the birth of the blockchain have witnessed many fortune legends, vanishing dreams, and tales. Just like distance tests a horse’s stamina, only the real strength could survive the test of time. The “crazy era” in which currency prices soared and plummeted like a roller coaster has gone forever. In its place is the endeavor to probe into the underlying technology and explore the application scenarios and business models built on the blockchain architecture.

Especially after the Fourth Session of the 13th National People’s Congress of China in 2021, “new infrastructure”…

ViaBTC

Via Bitcoin, Making World a Better Place.

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