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Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
27.6.2024
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s...
2024’s major crypto trends: BlockDAG sells over $2.2 million mining rigs, UNI price surge forecast and Bitcoin’s fee reduction
26.4.2024
The cryptocurrency landscape is witnessing significant shifts post-Bitcoin halving, where transaction fees have dramatically decreased after an initial spike. Concurrently, forecasts for Uniswap (UNI) show a bullish trend on the horizon. Despite the halving primarily affecting miners,...
Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases
15.3.2024
Ethereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism,...
Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability
11.12.2021
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming...
Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution
28.11.2021
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...