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Ethereum News

The Ethereum Network Hosts 94 Out Of Top 100 Blockchain Projects



A new research from Kevin Rooke, who is a famous researcher and YouTuber, has unveiled that the Ethereum community has more than 250,000 developers so far – 94 of which are involved in the top 100 blockchain projects launched on top of the ETH network.

As Rooke said in his newest video:

“You simply cannot build excellent applications and products without a big developer base behind you. But today, Ethereum has roughly 250,000 developers building on its platform. The industry is still really small [and thus], 250,000 is a shocking number. Ethereum’s development framework called Truffle already has more than 500,000 downloads and even through the price fall of 2018, development interests have continued to rise,”

The big question now is if any other decentralized application protocols can compete with Ethereum. When it comes to the answer, payment-focused blockchain networks like Bitcoin, Ripple, Bitcoin Cash and Litecoin are also built on top of the Ethereum protocol – and many others.

So, the truth is that it is very hard to compete with Ethereum’s potential. Aside from the biggest cryptocurrencies, the Ethereum network also hosts the $2 billion China-based IoT blockchain network VeChain, $1 billion high-performance blockchain Ontology, $900 million South Korea-based ICON, and the $850 million Sharding-focused blockchain project Zilliqa.

As such, Ethereum has ‘won the race’ when it comes to becoming the leading smart contract platform out there, as Rooke explains:

“How do you get developers when you don’t have anyone using your platform? How do you get using your platform when you don’t have developers who are going to build that underlying infrastructure to make it easy to launch applications? In some ways, money can kickstart the process but in crypto today, everyone has money, including Ethereum, so that cancels out the competitive advantage.”

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Altcoin News

Retail Investors Can Now Buy & Sell The Ethereum Token 0x On Coinbase

In the latest cryptocurrency news, Coinbase has finally marked the start of the Ethereum-based 0x (ZRX) token and the transactions on the network, enabling full trading for retail investors. The news was first reported yesterday on, where Android and iOS users are as announced the first ones that can trade, buy or sell ZRX  as the first ERC-20 token to be listed by the exchange. The exchange also stated that it would list the token on retail platforms at a later date. In a blog post, the Consumer President and general manager of Coinbase, Dan Romero, wrote that the token "will not initially be available for residents of the United Kingdom or the state of New York." In what appears to be the first ERC-20 token listed on Coinbase, the exchange confirmed that new assets are being added and will be added on a jurisdiction-by-jurisdiction basis, which would allow supporting a greater number of assets in a quicker way than so far. "We are also investing in new tools to help people understand and explore cryptocurrencies," Romero wrote on Tuesday. Meanwhile, the price of ZRX/USD has jumped 17% as a result of the listing, right after Coinbase announced that 0x will be added to its retail platform.
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Ethereum News

The Ethereum Foundation Awarded 20 New Grants To Different Entities That Work On The Ethereum Blockchain

In our latest Ethereum news, the Ethereum Foundation announced that they are giving 20 new grants to different entities and people that work on the Etheruem blockchain. In a press release, the foundation stated that the total amount of awards is over $3 million. The biggest one that is $500,000, was given to Prysmatic Labs and Status. Both of these companies are trying to develop the new and improved Ethereum ecosystem 2.0 which was announced by Vitalik Buterin himself last year in November. The awarded companies were chosen by how much they contributed to developing the network such as improving the scalability, security, and usability. The adult entertaining platform SpanChain also received a grant of $420,000 for working on an open-source software for a non-custodial payment channel. The Ethereum team announced:
‘’ Thank you to all the fantastic community members that have applied with creative ideas on how to bolster our ecosystem. We would not exist without the time and energy that you put into Ethereum. While the program continues to grow, we will increasingly continue to involve more community members in the decision-making process.’’
Many companies such as OmiseGo, Cosmos, Maker, Golem, and Riden announced that they would grant a $100 million to different projects that will further develop the Ethereum blockchain ecosystem. Buterin also said that he will be joining the project as an advisor. He also regularly donates money to open-source projects that help to build innovative technologies such as providing scaling solutions for the network.
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Altcoin News

Ethereum’s Token 0x (ZRX) Price Surges 17% After Being Listed On Coinbase

Coinbase is viral in today's crypto news, for the official announcement and the process of listing 0x (ZRX) which is an ERC-20 token that runs on Ethereum, on its professional order-book exchange Coinbase Pro (formerly known as GDAX). The recent move comes in an attempt and big plan to list hundreds of new assets over the coming months and years. However, this does not mean that Coinbase has lost its status as one of the kings in the crypto-token world. The price of ZRX surged 17% as an aftershock, while its trading value spiked from about $0.68 to a high of just under $0.92 in the minutes following the announcement. Even though the token since settled down from the peak, 0x is now still trading near $0.77 with a 24-hour gain of about 17%. With the official listing on Coinbase, 0x is now the first ERC-20 token listed on the platform. Ethereum (ETH) has also been available on the exchange for some time, while the company added support for Ethereum Classic (ETC) over the summer as well. What's most important to note is Coinbase's decision to not initially list the 0x token through its eponymous brokerage service, which is tailored for retail investors and is popular among first-time buyers. The company said that it plans to make a separate announcement when this occurs.
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Blockchain News

Blockchain-Based Adult Entertainment Platform Suffers Smart Contract Security Breach

SpankChain, an Ethereum-based entertainment platform for adults, was attacked by hackers and quickly made its way into the crypto news today. The security breach led to losing more than $38,000. The hack allegedly took place on October 6 and was discovered only the day after. Attackers who are still unknown managed to steal approximately 165 Ethereum or $38,000 from the payment channel smart contract. Also, the hackers managed to steal up to $4,000 worth of the platform’s internal token named BOOTY. The platform stated that bringing back all the clients’ stolen assets is an immediate priority. SpankChain will repay about $9,400 worth of Ethereum and Booty tokens directly to all users who were affected. The company stopped its Spank.Live cam service in order to protect users by preventing them to deposit via the payment channel smart contract. The website is expected to reboot and the process is expected to take about 3 days. The hackers possibly created a malicious contract that mimics ERC20 token that can do the transfer function that can go back into the payment channel smart contract hundreds of times without stopping, stealing Ethereum each and every time. Smart contracts are really difficult to hack but since they are a young technology, it is prone to go bugs which can be considered an open door for scammers and hackers. The adult entertainment industry is really using the benefits of cryptocurrencies and blockchain technology because the possibilities the technology offers in the context of anonymity and privacy.
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