A fork creates an alternative version of a blockchain. The two chains run simultaneously on different parts of the network. They can be either accidental or intentional.
Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days
Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes.
BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing
Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.
BlockSec Launches Phalcon Fork for Collaborative Testing on Ethereum Mainnet
Blockchain security firm BlockSec has launched Phalcon Fork, a toolkit that enables collaborative testing on private chains forked from arbitrary transaction positions and block numbers on the Ethereum mainnet. The toolkit offers greater control over testing, analysis, and debugging on testnets, with features such as snapshots and a faucet for acquiring free fork network Ether. The Phalcon Fork user manual touts advantages over traditional solutions such as Goerli, including retaining services and states from the mainnet and maintaining full control over block information.
ETH Price Surpasses $2,000 Despite New Supply After Shapella Update
Despite concerns of a potential dump due to a new supply of Ether hitting the markets after the Shapella update, the price of ETH has surpassed $2,000 and maintains the level. Only around 1% of staked ETH may hit the market after Shapella, according to crypto analytics firm Glassnode. Crypto exchanges have expressed support for ETH unstaking.
Ether Surges to Over $1,900 Ahead of Staking Withdrawals
Ether breaks $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork that will allow stakers to withdraw their ETH. The recent price increase may be driven by expectations of the Federal Reserve easing its quantitative tightening efforts and increased demand for Ether due to more flexible staking options.
Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code
Uniswap V3 protocol’s Business Source License (BSL) has expired, allowing developers to fork the code and deploy their own decentralized exchange (DEX). The new “General Public License” now applies to the protocol. To fork the code, developers must use an “Additional Use Grant.”
Ethereum Testnet Successfully Upgrades for Upcoming Shanghai Hard Fork
Ethereum's Sepolia testnet has undergone a successful upgrade simulating the upcoming Shanghai hard fork expected to take place on the mainnet in March. The upgrade, called "Shapella", allows validators to withdraw their staked Ether and rewards on the execution layer.
Solana Network Experiences Slowdown in Block Production Following Upgrade
After validator software update, Solana network block generation slowed on Feb. 25.
Reversing Censorship on Ethereum
Ethereum presently has 47% OFAC-compliant blocks, the lowest since Oct 11.
Ethereum PoW Fork Token Price Drops Over 60% A Day after Mainnet Launch
ETHPoW was trading as high as $60.68 on Thursday morning after the merge, but on Friday the new token experienced a huge plunge.