ETH Weekly | The Ethereum Foundation Q1 grants $2.564 million; the Eth2.0 staking program will be launched as early as July 2020 (5.4-5.10)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2020-05-11 08:37 (UTC+8)

This article is about 3499 words, reading the full article takes about 5 minutes

ETH resistance is at $200, and support is around $174 and $180.

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ETH resistance is at $200, and support is around $174 and $180.

Author | Qin Xiaofeng

Produced | Odaily

1. Overall overview

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

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(data from BiNuNiu)

In terms of capital, capital fluctuated greatly last week, with the largest net inflow on Thursday, exceeding US$40 million; and the largest net outflow on Sunday, exceeding US$130 million.

(data from Tokenview)

(data from Tokenview)

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3. Ecology and technology

1. Development and technology

1. Development and technology

(1) The staking program of Ethereum 2.0 will be launched in July 2020 at the earliest

Eth 2.0 client developer Ben Edgington revealed that the Ethereum 2.0 staking program will go live as early as July 2020. Eth 2.0’s first “main layer” Beacon will launch in “weeks or months.” Ultimately, the current Ethereum chain will be one of 64 shards in the new Eth 2.0. (Decrypt)

(2). Ethereum 2.0 phase 0 bounty program rewards doubled

According to news from the official blog on May 7, all rewards in the bounty program before the launch of Ethereum 2.0 phase 0 will be doubled. For serious bugs, up to $20,000 can be awarded. The plan is to incentivize developers to find and report bugs in the core Eth2 Phase 0 specification prior to mainnet launch. (Ethereum Official)

(3) Tornado.cash, the Ethereum mixing platform, launched a compliance tool to ensure financial privacy

Tornado.cash, the Ethereum mixing platform, has launched a compliance tool that allows users to generate compliance reports by entering Tornado.cash credentials, which means that users can generate cryptographic proofs based on the deposit and withdrawal transaction history of Ethereum addresses, showing withdrawal addresses The source of assets held in the network without revealing one's financial privacy. (Tornado.cash)

Cryptoasset investment firm Paradigm has launched its first crypto project, the Ethereum-based DeFi protocol Yield, which promises a fixed-rate loan and interest market. Additionally, Yield Protocol has received seed investment from Paradigm, which will be earmarked for building an initial version of the product. (Cointelegraph)

2. Voice of the Community

（1）2. Voice of the Community V God: Ethereum or

It is the glue that unites the world after the outbreak of the new crown epidemic

On May 8, Vitalik, the founder of Ethereum, said at the Ethereum Summit that Ethereum may be the glue that holds the fragmented world together after the outbreak of the new crown virus. However, he currently does not predict that there will be a large influx of global funds into the cryptocurrency market. (Decrypt)

(2) V God: Ethereum may become an unlicensed platform for the central bank's digital currency CBDC

Vitalik Buterin, the co-founder of Ethereum, said in an interview with The Defiant that Ethereum may become a permissionless platform for many central bank digital currency CBDCs. V God also said that in a world where trust in the national currency is lost and Ethereum can fill the gap, Ethereum has the possibility of becoming a global reserve currency. For DeFi applications, V God said that it is a "wrong idea" to use tokens as a governance tool. At the same time, when communicating with each other in Ethereum 2.0 shards, Ethereum DApps will inevitably lose some composability. In addition, Ethereum 2.0 phase 0 will be launched "within a few months". (Decrypt)

The issuance of stablecoins on the Ethereum network has increased significantly recently. The seven-day moving average of the total number of confirmed transactions on the ethereum blockchain rose to 845,400 as of April 30, the highest level since July 1, 2019, according to CoinMetrics. The market cap of stablecoins on the Ethereum network is just over $7 billion, while ETH’s market cap is around $24 billion. There are concerns that non-native tokens will exceed the value of ETH. Nic Carter, founder of CoinMetrics, disagrees, saying that if non-native tokens outperform native tokens by 5 times, it may cause concern. Additionally, he said that the most compelling arguments for ETH’s long-term value are that ETH is a necessary fee asset, and that Ethereum’s ability to hold ETH’s value is similar to the U.S.’s ability to hold the U.S. dollar. The task is to create an environment where holding and using ETH is generally a good idea. (AMBCrypto)

3.DEX

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4.Dapp

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5. Mining

(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

1. Ethereum announced the 2020 Q1 funding list, with $2.564 million allocated funds

Ethereum officially announced the 2020 Q1 funding list on May 7. Statistics show that the Ethereum team provided a total of $2,564,000 in financial support in the first quarter of 2020. These funds go toward a wide variety of projects, from projects using cryptoeconomics to incentivize high-quality content suggestions on social media, to critical work on Eth1 client diversity, interoperability, continued progress on Eth2 clients, and more . (Ethereum Official)

2. Data: ETH holders are accumulating a lot in order to make more profits

While most altcoins in the market appear to be selling, ETH holders are accumulating, according to crypto analytics firm Santiment. With Ethereum gaining over 63% year-to-date at press time, ETH holders are now expected to profit even more, as evidenced by the market’s rising accumulation pattern.