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Vitalik proposes new ‘multidimensional’ Ethereum fee structure

7.1.2022
Calculating different gas prices for different resource usage may streamline the current fee structure for Ethereum according to Buterin

Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...

Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month

26.12.2021
Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From...

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...

Riot Games Sues Scammers Offering Folks Fake Jobs At The Studio

9.12.2021
A nasty scam has become more popular over the last few months. People desperate for work at popular game studios like Riot and Rockstar Games get an email from a recruiter asking them to apply. They do and eventually get the job only to realize it’s all fake, usually after losing money to...

Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto

5.12.2021
A report says over 80% of African users on the Mineplex marketplace have shown an interest in the platform’s commodity staking program since launch. Zero Fee Alternative According to a recent study, over 80% of African users have taken part in the commodity staking program since its launch...

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...

BlockFi Ends Fee Withdrawals, 'NFT' is Word of the Year + More News

25.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ... Read More: BlockFi Ends Fee Withdrawals, 'NFT' is Word of the Year + More News

Ethereum Has Burned More Than a Million ETH Over the Last 3 Months

24.11.2021
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion...

Ethereum Fee Debate Heats Up as Avalanche Enters and Exits Top 10

22.11.2021
As AVAX, the native token of smart contract platform Avalanche, continued to soar in price over the weekend, a debate on the persistently high fees on the Ethereum (ETH) network is (re)heating up in the cryptoverse. The latest discussion on Ethereum and its fees started when Zhu Su, co-founder...

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

21.11.2021
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank...

Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service

3.11.2021
On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours...

Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

23.10.2021
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that...

Rarible Passes NFT Minting Fee From Creators To Buyers

19.10.2021
Non-fungible token (NFT) marketplace Rarible has unveiled a new feature that enables artists to dabble into the booming digital collectibles space and create NFTs at virtually no cost. The new feature, dubbed "lazy minting," has already been integrated into the platform, Rarible said.... Read...