Buterin Wants Ethereum 1.0 Gas Fee Upgrade Despite Beacon Chain Going Live
Ethereum co-founder Vitalik Buterin thanked everyone involved with the beacon chain upgrade, which went live yesterday. After years
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Gas
Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD
Bitcoin is making gains during the U.S. presidential election uncertainty while Ethereum’s gas data is highlighting a DeFi decline.Bitcoin (BTC) trading around $14,061 as of 21:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours.Bitcoin’s 24-hour range: $13,545-$14,232BTC above its 10-day and 50-day moving averages, a bullish signal
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High Gas Fees Prevent Ethereum From Being Ethereum
High Ethereum gas prices make it impossible for ERC-20 projects to run any microtransaction payments on Ethereum. This defeats the idea of using the Ethereum network for one of its principal use cases. Gas fees are part of Ethereum. They are the price required for miners to execute transactions. This
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Matic Takes Step Towards Solving High Ethereum Gas Fees By Integrating Tether
Matic has just announced that Tether is now available on their network. The Matic team tweeted that this
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Spikes in gas prices slowing growth of new NFT marketplaces
High gas prices have become a problem for non-fungible token (NFT) marketplaces, especially as they look to mint at scale, the founder of a start-up said. Sean Papanikolas, founder of NFT marketplace Cargo, told Cryptox in an interview that the NFT sector is at an inflection point. But scalability weighs on
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Uniswap Activity Sends Ethereum Gas Fees Sky High
The issue of high Ethereum gas prices isn’t going away anytime soon. Just last month, total daily fees
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Ethereum Gas Fees Drive Gnosis-Powered Prediction Market to xDai’s Layer 2
This isn’t the CryptoKitties craze of 2017. “The situation is different now,” Stefan George of Gnosis told CryptoX. Lots of dapps are clawing for Ethereum’s compute power. If activity calms on one decentralized finance (DeFi) platform, it’s likely to perk up on another. “Ethereum is on the way to becoming a whale
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Market Wrap: Bitcoin Passes $10.7K; Ethereum Gas Usage Hits Record September Highs
Bitcoin is making gains Monday and Ethereum usage is hitting record highs in September. Bitcoin (BTC) trading around $10,669 as of 20:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours.Bitcoin’s 24-hour range: $10,250-$10,759BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading on
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Ethereum Developers Weigh Gas Rule Change to Ease Fee Pressure
An Ethereum smart contract feature that offers rebates for fees has developers scratching their heads, wondering if they should toss the old code in light of an exponential rise in transaction costs. Called gas tokens, these smart contract loopholes are a way to send transactions on the cheap by “tokenzing” gas,
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DeFi experts say that Ethereum 2.0 is not the answer to high gas fees
High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network.DeFi experts and computer scientists got together on Sept. 3 for Cryptox China’s DeFi Marathon event shared their thoughts
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