$103,602.00
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-1.52%$644.31
0.18%$140.79
-3.26%$0.999804
0.01%$0.274155
0.15%$0.163682
-3.64%$2,421.14
-3.49%$0.581116
-3.07%$103,566.00
-0.61%$34.26
-4.57%$2,921.04
-3.47%$479.74
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-3.10%$8.87
-1.02%$0.24385
-2.39%$17.53
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0.37%$0.999835
0.01%$49.03
-0.49%$0.00001136
-1.32%$2,422.11
-3.51%$2,594.19
-3.40%$83.16
-2.01%$1.00
0.01%$0.14524
-1.26%$309.59
0.91%$1.00
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0.71%$103,628.00
-0.62%$7.13
-5.59%$0.00000987
-3.94%$0.540507
1.04%$250.57
-0.76%$1.18
0.00%$52.29
-0.41%$343.60
-1.26%$1.00
0.00%$4.31
-1.31%$0.088664
-2.45%$4.96
-1.32%$2.10
-4.28%$1.056
0.03%$170.44
-3.25%$16.23
-2.74%$0.742617
-3.00%$27.70
-5.67%$1.00
0.07%$0.626864
-0.62%$16.60
7.60%$4.45
0.53%$9.31
0.15%$0.069068
-0.76%$0.02102926
-2.54%$3.96
-2.13%$103,656.00
-0.50%$0.659113
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-1.76%$0.077351
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0.02%$4.30
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-3.48%$0.893713
-3.59%$0.999734
0.00%$0.168084
-0.43%$0.291291
-2.42%$98.03
0.28%$1.00
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-0.42%$149.19
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13.45%$0.20551
5.90%$2,759.91
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1.69%$0.61868
0.48%$0.550723
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-0.20%$644.17
0.32%$103,445.00
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0.03%$2.20
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0.04%$19.01
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0.06%$3.74
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0.01%$2.05
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0.59%$0.542877
-0.41%$103,397.00
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-3.46%$2,422.88
-3.46%$2,544.79
-4.20%$103,704.00
-0.54%$34.25
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-3.56%$2,423.11
-3.45%$0.61861
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-3.27%$0.250095
-1.44%$1.35
-3.36%$8.08
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2.89%$49.49
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0.56%$0.061381
0.83%$0.999804
0.01%$0.999881
0.02%$0.163714
-3.55%$1.00
-0.01%$0.00000041
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0.01%$1.00
-0.07%$36.62
-2.02%$34.32
-4.39%$0.04009271
-5.51%$0.390103
-1.58%$0.999785
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-8.42%$0.958156
-3.99%$1.15
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1.38%$1.40
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1.69%$0.01736022
-0.71%$0.1277
-0.61%$0.03345606
4.48%$0.130484
-0.57%$103,419.00
-0.81%$0.00322688
-2.67%$2,649.13
-3.46%$0.00000082
-5.15%$0.319264
-3.99%$103,125.00
-0.92%$19.30
-0.87%$0.999792
-0.04%$0.999053
0.04%$1.00
-0.12%$2,423.40
-3.40%$0.00005658
-1.01%$0.999805
0.01%$153.14
-3.33%$0.727142
-0.72%$0.00000147
-1.53%$0.451596
-2.89%$1.081
-3.58%$2,424.14
-3.35%$0.00343775
-3.07%$0.062018
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0.14%$103,592.00
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1.36%$0.28244
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-4.18%$17.53
-2.77%$0.606334
-1.37%$1.70
-0.78%$1.015
0.22%$0.18411
-1.53%$0.00508192
-3.28%$0.58708
-1.41%$2,080.31
-0.69%$99,305.00
-1.14%$0.182218
-2.34%$101,646.00
-1.29%$0.01653231
-0.32%$5.97
-3.53%$0.492297
2.38%$0.00355559
-1.28%$0.999753
0.32%Reading
Ethereum (ETH) mined its 10 millionth block today, marking a significant milestone for the world’s second largest cryptocurrency. Data from blockchain explorer Etherscan shows the 10 millionth block was successfully mined at exactly 01:22:13 PM (UTC).
In contrast, just 628,900 BitcoinBitcoin blocks have been mined, since it launched on January 3, 2009. However, Bitcoin blocks take much longer to be produced, around 10 minutes on average.
Launched in 2015, Ethereum was envisioned as a decentralized “world computer.” It soon rose to prominence in the market cap top 100, before exploding in value during the crypto market boom of 2017. It is currently the second-ranked coin by market cap.
Back in the day, CPUs were used to mine the coin, before graphics cards took over. Since then, larger mining machines, known as ASICs, which are dedicated to mining cryptocurrency, have taken over. These machines have rapdily spread up the mining game.
As noted by Luit Hollander in History of Ethereum Hardforks, it would take a consumer graphics card over 150 million years to compute the 15 zettahashes required to mine 10 million Ethereum blocks.
The Ethereum Name Service was designed to make sending and receiving crypto easier. You take your Ethereum (ETH) address—an alphanumeric string of characters, which shows how much ETH you have in your account—and replace it with a simple name. Much like how email addresses replaced clunky pieces of code, it was supposed to make crypto simpler. But Decrypt has learned that this step forward in user design, has meant several steps backward when it comes to privacy. Since the Ethereum blockchain is...
Cryptocurrency enthusiasts celebrated the milestone on social media, looking forward to seeing Ethereum progress further—especially in terms of scaling.
"Ethereum just reached 10M blocks! The progress from the genesis block in 2015 is incredible. There are many exciting layer 2 solutions launching this year (like keep_project, NuCypher, SkaleNetwork ) that will help ETH scale even further," tweeted Aaron Hensaw, founder of blockchain infrastructure provider Bison Trails.
Ethereum just reached 10M blocks! The progress from the genesis block in 2015 is incredible. There are many exciting layer 2 solutions launching this year (like @keep_project @NuCypher @SkaleNetwork ) that will help ETH scale even further 🚀https://t.co/rzL3SlCb17
— Aaron Henshaw (@aaronhenshaw) May 4, 2020
Ethereum’s whitepaper originally envisioned blocks to be processed every 12.6 seconds. In practice, the time between blocks has proven to be slightly higher. Data from Bitinfocharts shows ETH block times have arrived on average every 20 seconds or so—with occasional spikes as high as 50 seconds during periods of congestion.
Yet such milestones will soon be a thing of the past as Ethereum shifts towards a proof-of-stake consensus model in the coming years.
Update: The difference between the number of Ethereum blocks and Bitcoin blocks has been updated.
Tips
Have a news tip or inside information on a crypto, blockchain, or Web3 project? Email us at: tips@decrypt.co.
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The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July. Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly. With infl...
USDC issuer Circle was buoyant in pre-market trading Friday, climbing above $236 ahead of the opening bell. That put it ahead of the $235 price target set by Wall Street research firm Seaport Global, which initiated coverage of the company today with a buy rating. But once the bell rang, the company's stock, which trades on the NYSE under the CRCL ticker, settled and is currently changing hands around $228, or 14% higher than its previous close. Seaport announced that it was initiating coverage...
