Cryptocurrency Analysis and News Portal
A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether (ETH) to User B, the action of debiting from one account and crediting to another changes the blockchain’s state.The change specifically takes place on the
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Bitcoin transaction fees surged in early May, reaching their highest point over the past two years, according to data from Crypto Fees.On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, jumping about 400% from late April. The average Bitcoin transaction fee reached as
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The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby's Ethereum Gas
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The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project. Source
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Innovative Layer-1 blockchain Findora has introduced a Triple Masking SDK privacy-preserving solution for Web3. Findora has launched a Web3-focused Triple Masking SDK for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (dApps). According to the programmable privacy-enabled public blockchain, the Findora Triple Masking ZK SDK also enhances user transactions.
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Input Output Hong Kong (IOHK), a blockchain research and development business, has partnered with MELD, a DeFi protocol based on the Cardano blockchain. The goal of this collaboration is to fix a problem that is hurting Cardano transaction processing on the preprod testnet. In a tweet, IOHK expressed gratitude to MELD for bringing the
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According to reports, the Polygon zkEVM Mainnet Beta offers lower gas fees and could see wider adoption of Ethereum scaling technology. The Polygon zkEVM Mainnet Beta went live on Monday, March 27th, facilitating the deployment of smart contracts with increased finality and reduced costs. The release of the zero-knowledge Ethereum Virtual Machine beta
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As part of the ceremony of the announcement, according to the Polygon team, Vitalik Buterin, the co-founder of the Ethereum blockchain, will initiate the first transaction on the new zkEVM, and it will be livestreamed at ETHGlobal at 4:30 p.m. Central European Time (10:30 a.m. ET). Source
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Ethereum’s (ETH) layer-2 scaling solution Arbitrum (ARB) experiences unprecedented growth in anticipation of the ARB token airdrop. The Ethereum-based layer-2 scaling solution, Arbitrum, has reached an all-time high in daily transactions and unique wallets interacting with the network, according to Dune Analytics. This surge in activity comes just ahead of the
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The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions. Source
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