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PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools.
This is the first time a token has launched on three chains at the same time and marks the first time the RISE token will be available on Polygon. The token was previously available on both the Binance Smart Chain and Ethereum.
The upgraded contract features several noteworthy innovations and changes. Larry from Certik.io noted in an update to the EverRise community, “The upgraded EverRise contract is a technological tour de force. The Certik team is impressed with the level of innovation and engineering.”
The most significant new feature is the introduction of staking, replacing reflections, and allowing the transaction tax to be reduced from 11% to 6%. Holders choosing to stake their tokens have the flexibility of choosing between one and twelve months staking pools. The reward pool is fed by a brand new automated buyback. Instead of sending tokens to the burn address, the upgraded automated buyback distributes the purchased tokens to the staking reward pool. Tokens will no longer be burned as the supply is now fixed and consolidated in a 10,000:1 ratio to just under 72 billion tokens (71,618,033,988).
With the v2.0 launch, the EverRise ecosystem of decentralized application (dApps) will be available to developers on all three chains to bring security and assurance to project developers and investors. EverRise currently offers EverOwn, a smart contract locker, and EverBridge, a cross blockchain bridge capable of block speed transfers, to developers. EverSale, EverLock, EverWallet, and EverSwap are currently planned and in development.
EverRise developed two new dApps, EverMigrate and EverStake, to go accompany the upgraded contract. EverMigrate helps to streamline the token migration process and EverStake allows holders to stake their new tokens. EverMigrate will be made available to other projects looking to transition to a new smart contract at a later date.
Besides the new dApps on the horizon, EverRise is looking forward to bringing both their token and ecosystem of dApps to more blockchains in the future. They are committed to bringing safety and security to the entire DeFi space.
About EverRise
EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.
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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through ...

news.bitcoin.com

Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains

One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions. 
Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the Biggest Comparative Advantage’
On November 29, the team behind the ethereum mixing application Tornado.cash revealed the project plans to deploy on the Arbitrum One network. The news follows the project’s recent collaborative efforts that applied network connections to Polygon, Avalanche, Binance Smart Chain, and Xdai. This week, total deposits for Tornado.cash on the Xdai chain crossed $1 million. In terms of ether deposited since the project’s inception, the protocol has taken in 2,222,007 ether, or $4.3 billion.
Essentially, Tornado.cash improves ether transfer privacy by breaking onchain links between the source and destination addresses. The protocol depends on zero-knowledge proofs (ZKP) in order to ensure links to deposits and withdrawals are non-existent. Tornado.cash is just over two years old as it was introduced in August 2019. The project even got the former Bitcoin Core developer, Gavin Andresen, to notice the ether mixing protocol in mid-January 2020.
On May 13, Tornado.cash developers destroyed their private keys using a process called multi-party computation (MPC). The scheme allowed the Tornado.cash developers to give the smart contract to the community without the developer’s private key. “With a record 1114 contributions this was by far the largest Trusted Setup Ceremony to date. By comparison, all other trusted setup ceremonies had less than 200 participants,” the Tornado.cash team explained in the blog post.
Arbitrum is an L2 solution that leverages optimistic rollups and Arbitrum users benefit by using ethereum (ETH), its token derivatives, and smart contracts for a fraction of the cost. Statistics from l2fees.info show that the average ethereum transaction can cost $7.08 while using Arbitrum the same transfer would cost $2.81. While transferring ERC20 tokens could cost $16.19 using L1 (layer 1), L2 fees using Arbitrum to transfer a token will cost $3.09.

Swapping tokens is the most expensive onchain (L1) transaction costing around $35.41 per transaction. However, Arbitrum users swapping tokens only pay around $4.85 per transfer according to today’s l2fees.info metrics. The Tornado.cash blog post says that “the protocol’s smart contracts are all set and ready to spin on Arbitrum.” The biggest advantage to using Tornado.cash with Arbitrum is data transfer costs.
“Settling on Arbitrum will allow Tornado.cash users to take advantage of all the benefits a Layer 2 can offer, with cheaper transactions being the biggest comparative advantage,” the team’s blog post highlights. “This proposal is part of the protocol’s desire to constantly improve itself and allow more users to claim back their right to privacy. Moreover, with this deployment, Tornado.cash will join a thriving ecosystem composed of multiple other defi applications.”
What do you think about the crypto mixing application Tornado.cash deploying on Arbitrum? Let us know what you think about this subject in the comments section below.



























One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper...

Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum

Despite the Black Friday drop, along with the COVID fear crash, cryptocurrencies are getting back on track including the trending meme-coin, Shiba Inu (SHIB). The meme crypto saw an exceptional rise in Whale accumulation, by more than 42 percent hike in the top 1,000 of the largest Ethereum wallets, with the total average SHIB balance maintaining over 2.5 billion Shiba Inu tokens, according to WhaleStats data. This further confirmed that the Whales are most definitely anticipating a bullish price momentum, especially for Dogecoin’s Rival, Shiba Inu in near future.
Furthermore, the average Shiba Inu value rose by nearly 40 percent, meanwhile its trading volume, that is determined by retail SHIB traders, fell by nearly 37%, which means traders are holding their Shiba Inu tokens, rather than selling.
Shiba Inu Metaverse Incoming
One of the biggest reasons behind the hike is said to be Shiba Inu’s Metaverse announcement. Last week, Shiba Inu team revealed that they have recruited William David Volk, who used to be the Vice President of Tech at Activision, one of the largest game developers in the US. Volk’s onboarding symbolizes Shiba Inu’s aim to lead Metaverse adoption, by the development of its Play-to-Earn (P2E) NFT games. This development will start from 2022 and will be built in-house by the SHIB team itself. Additionally, Shytoshi Kusama, the project head at Shiba Inu games ascertained that their Metavese approach will differ from what Facebook has opted for.
Shiba Inu Commercial Take Over
Shiba Inu may be a so-called ‘Shit-Coin’, however, it has been consistent with being part of substantial crypto landmarks. Past weekend, Shiba Inu celebrated its official payment collaboration with the online electronics retailer, Newegg. This commercial milestone was long-due given speculations about the addition of SHIB payments to Newegg hovering across all of social media. The company took to Twitter, and confirmed that they are now officially accepting SHIB payments, which has already commenced today onwards.
Nevertheless, Newegg is not SHIB’s only commercial achievement. Recently, the largest movie theatre chain in the United States, AMC also confirmed to accept Shiba Inu payments. According to the AMC CEO, Adam Aron’s tweet, Shiba Inu can be used for online crypto payments for movie tickets and concessions at AMC.
The post Shiba Inu Whale Accumulation Surges by 42%, Can it Help SHIB Price? appeared first on Coingape.


Despite the Black Friday drop, along with the COVID fear crash, cryptocurrencies are getting back on track including the trending meme-coin, Shiba Inu (SHIB). The meme crypto saw an exceptional rise in Whale accumulation, by more than 42 percent hike in the top 1,000 of the largest Ethereum walle...

coingape.com

Shiba Inu Whale Accumulation Surges by 42%, Can it Help SHIB Price?

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) that aims to decrease transaction costs by five times. Ethereum developer Tim Beiko discussed the idea as well, and talked about possible “challenges” both long and short term. 
Moving Ether, Transferring an ERC20, and Swapping Tokens on Ethereum Is Costly — Tim Beiko Shares EIP-4488 Insights
Following the London upgrade during the first week of August, it was assumed that EIP-1559 would relieve at least some of the pressure. However, the average transaction network fee continued to rise after the London upgrade reaching, $62 per transfer on November 9. Today, ether gas cost is lower as bitinfocharts.com indicates the average ether fee is 0.0083 ETH per transfer, or $34.09. The web portal l2fees.info shows an ETH transaction as low as $5.77 per transfer, but the cost to move an ERC20 is $13.20, and swapping ETH-based tokens can cost $28.27 per swap.
On November 22, Bitcoin.com News reported on the arguments taking place on crypto forums and social media platforms like Twitter, between Ethereum and Avalanche advocates. Ethereum has stiff competition these days as blockchains like Binance Smart Chain, Avalanche, Terra, Solana, Harmony, Near, Fantom, and many more have been siphoning ether users and use cases. Now the high fees seem to be pushing the developers to step up and do something about the expensive gas costs. On November 26, Ethereum developer Tim Beiko shared the most recent developer discussion and talked about an idea to lower the costs of rollups.
The gas costs have further pushed Ethereum co-founder Vitalik Buterin to propose leveraging an idea called EIP-4488. “Decrease transaction calldata gas cost, and add a limit of how much total transaction calldata can be in a block,” Buterin suggested on Github on November 24. Essentially, the solution could decrease data transaction costs significantly and estimates say gas cost could be reduced by five times. EIP-4488 leverages a scheme called “calldata,” which is utilized in L2 (layer 2) solutions such as Optimistic and ZK rollups. Beiko talked about the possible solution in his Twitter thread on Friday.
“The cost of rollup txns is a function of the data they post back to the Ethereum mainnet,” Beiko said. “If a rollup compresses X transactions and pays Y gas fees to commit it to mainnet, the cost of rollup transactions is a function of Y/X. To do this, rollups add calldata to their transactions, which is currently priced at 16 gas per byte. If we reduce the calldata cost, then we reduce the cost of rollup transactions,” the programmer added. Beiko further stated that one of the challenges to the calldata solution is that it “influences the block sizes on Ethereum.” Beiko continued:
It’s literally data we add to each transaction. If we lower the gas cost, and keep the same gas limit, we then have bigger blocks, which can be problematic in the short and long term. Short term, it increases the worst case block size. If, for example, calldata was 1 gas/byte, with a 30m gas block, you’d get a 30MB block (average right now is 

EIP-4444, EIP-4490, and the Upcoming Arrow Glacier Upgrade
Currently, ethereum (ETH) users either are not transacting with ether at all, leveraging expensive L1 (layer 1) network fees, or they are utilizing rollup layer solutions. At the time of writing, L2 solutions are much cheaper than L1 fees and the cost to send ethereum via Loopring can cost up to $0.25 per transfer. Polygon Hermez costs $0.25, Zksync is around $0.27, Optimism costs $2.39 today, and transferring with Arbitrum One is $2.43. Beiko’s thread noted that L1 fees were high but L2 fees were also fairly expensive as well.
“Fees on Ethereum are *high* and also aren’t trivial on rollups today (~3-4$ for a ETH send on ORs and ~0.25c on ZKRs), so it’s worth thinking about the tradeoff more,” Beiko said. In addition to talking about EIP-4488, the software programmer also mentioned EIP-4444 (Bound Historical Data in Execution Clients) and EIP-4490. “Clients must stop serving historical headers, bodies, and receipts older than one year on the p2p layer,” the EIP-4444 description says. The EIP-4444 abstract summary adds:
Clients may locally prune this historical data — This change will result in less bandwidth usage on the network as clients adopt more lightweight sync strategies based on the PoS weak subjectivity assumption.
The Ethereum developer’s Twitter thread also told people about the upcoming December 8th Arrow Glacier upgrade, which aims to postpone the network’s difficulty bomb. While open-source programmers prepare to address the network’s issues, alternative blockchain networks continue to advance on Ethereum’s heels.
What do you think about the recent solutions proposed to address the Ethereum network’s high transfer costs? Let us know what you think about this subject in the comments section below.



























The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there&#x2019;s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has rec...

Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. 
Ethereum-Based Investment Product Trade Volumes Increase
Every month Cryptocompare publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today’s top crypto assets globally such as Grayscale’s GBTC and ETHE funds. Cryptocompare’s Digital Asset Management Review November report explains that ETPs tied to ethereum (ETH), litecoin (LTC), and solana (SOL) saw better returns during a 30-day time frame ending on November 19.
“The majority of AUM for trust products continues to reside in Grayscale’s Bitcoin (GBTC – $38.1bn – down 10.1% since October) and Ethereum (ETHE – $12.9bn– up 3.6%) products,” Cryptocompare’s report discloses. “ETC Group’s BTCE product regained the position of highest AUM ETN/ETF product with a gain of 1.2% to $1.5bn. This was followed by Purpose’s Bitcoin ETF (BTCC) and 3iQ Coinshares’ Bitcoin ETF (BTCQ) which fell 6.5% and 10.1% to $1.4bn and $1.2bn respectively,” the Cryptocompare researchers add.

Aggregate of Crypto-Based ETP Daily Trade Volumes Slid by 13% — Litecoin and Solana ETPs Outperform Bitcoin Investment Products
The research highlights that overall, crypto-based ETP daily volumes slid by 13% but popular ETH-based ETP volume rose. “Average daily trading volumes across all digital asset investment product types fell by an average of 13% from October to $732mn/day,” the study highlights. Cryptocompare’s report notes that Bitcoin-based investment products “performed poorly,” while LTC and SOL-based ETPs did well. Grayscale’s basket fund which contains some of the largest market cap coins returned -15.5%, Cryptocompare detailed.
“BTC-based investment products generally saw negative returns in November, led by ETC Group’s BTCE product which returned -13.1%. Similarly, Grayscale’s GBTC trust returned -10.2%,” Cryptocompare’s November study explains. “The best performing investment product was Valour’s BTCZERO product, which returned -6.6%. On the other hand, alternative coins-based products saw positive returns throughout the month, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively,” Cryptocompare’s report concludes.
What do you think about the bitcoin investment products’ performances compared to alternative crypto asset ETP market performances? Let us know what you think about this subject in the comments section below.



























Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm&#x2019;s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative...

Ethereum price	$4,425.07
Low - High 24H	$4,279.18 - $4,489.76
Market cap	$527.07B
Volume 24H	$20.04B
All time high	$4,878.26 -8.86% November 10th 2021
All time low	$0.432979 1026784.64% October 20th 2015
Genesis date	N/A

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