Ethereum’s “realized” price has since then shot up by 11.7%.
“Realized” price doesn’t refer to the current price of a cryptocurrency as listed on exchanges, but instead to the value of coins that are actively used.
The metric, first proposed by crypto data firm Coin Metrics, is useful as it monitors the value of active cryptocurrency—and excludes lost coins or cryptocurrencies left dormant in wallets for years.
It is derived from “realized capitalization”, which measures the aggregate value of a cryptocurrency network by multiplying each cryptocurrency by the last time it moved.
The “realized” price calculation is performed by dividing the realized cap by the circulating supply.
And Ethereum’s “realized” price isn’t the only metric going up. Just yesterday the second biggest cryptocurrency touched new highs for the number of addresses that hold at least a single ETH coin.
The current price of Ethereum is also on the up: today the price of ETH is $594, a 7% increase in seven days, according to data from CoinMarketCap
ETH’s price increase is not only down to Bitcoin’s growing price but also because of the explosion of interest in DeFi platforms—which are usually built on Ethereum.
Bitcoin Core developers have confirmed plans to remove long-standing data storage restrictions in the upcoming version 30 release, scheduled for October 30.
The change essentially eliminates Bitcoin's current 80-byte limit on OP_RETURN outputs, which are special transaction fields that allow users to embed arbitrary data on the blockchain. Under the new rule, transactions can include multiple OP_RETURN outputs, each potentially containing up to 4MB of data.
“Bitcoin Core is just one protocol imp...
The UK government has announced plans to begin trialling self-driving taxi services on its roads, just as there’s been blow-back in LA where several self-driving Waymo cars were torched.
Several vehicles were set on fire Sunday during a protest against the U.S. Immigration and Customs Enforcement raids in Los Angeles and the Trump administration’s deployment of National Guard into the region.
The initial plan in London, as put forward by the Department for Transport, involves a limited number of...
OpenAI's ChatGPT, APIs, and Sora video service, have been experiencing a worldwide outage for the past three hours, according to the company. That would mean the issues started around 3 a.m. EST.
"Some users are experiencing elevated error rates and latency across the listed services. We are continuing to investigate the issue," the company wrote on its status website.
The only OpenAI service that's currently working is its Playground, which allows users to more finely tune and experiment with A...