Author: David Scheuermann

David Scheuermann is a Junior Sales Trader at Crypto Broker AG. Prior to joining Crypto Broker AG, David worked at Deloitte, where he was in the Audit department specialising in Investment Management Firms. David gained experience at Capital Concepts International as an M&A Intern. He started to educate himself on Cryptocurrencies in 2017, and has since then spent a lot of his time exploring new projects and trading currencies.

EIP-1559 Background

What is EIP-1559 and can it help Ethereum become deflationary?

Ethereum’s long-awaited London hard fork is expected to launch on Aug. 4th, with block 12,965,000. This is according to Tim Beiko, one of the Ethereum developers, who submitted and received approval on the proposed launch date. The release of Ethereum 2.0 aims to replace Ethereum’s current proof-of-work consensus mechanism with proof-of-stake. The release has produced an extensive roadmap of upgrades, with the London hard fork being implemented through various testnets. The London hard fork is an update to Ethereum, which includes five Ethereum improvement proposals (EIPs). EIP-1559 EIP-1559 is both an upgrade to the Ethereum network and an economic upgrade…

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Blockchain

Blockchain interoperability and the Ren Protocol

Decentralised Finance (DeFi) is one of the most expansive sectors in the crypto space. These financial applications sometimes still struggle with communication across different blockchains though. That’s what interoperability projects like the Ren Protocol aim to solve. In my last article, I introduced Ethereum sidechains and the Polygon Network. Sidechains aim to reduce congestion on the Ethereum mainchain by completing transactions on a parallel blockchain. By their very nature, sidechains are intrinsically linked to the mainchain and support the development of projects. However, interoperability of blockchains is a broad topic, encompassing bridges between mainchains. Interoperability is the “ability to see…

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