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Coinbase rolls out smart wallet with no gas fees and easy onboarding
5.6.2024
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto
Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees
29.5.2024
Domain naming system Ethereum Name Service (ENS) has proposed an ENSv2 upgrade migrating to Layer 2 to reduce gas fees and increase transaction speeds.
The post Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees appeared first on Cryptonews
Ethereum Name Service plans layer-2 migration to reduce gas fees, boost speed
28.5.2024
The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network
How Ethereum’s gas fees shape blockchain transactions
20.5.2024
The fee needed to complete a transaction or a contract transaction on the Ethereum blockchain is called gas. Fees are denominated in ether, a small fraction of cryptocurrency-(ETH) called gwei (10-9 ETH). The resource provider is paid using “Gas” to validate the transaction’s consumption....
Shibarium witnesses a historic rise in gas fees ahead of a hard fork
3.5.2024
Shibarium recently revealed that it was witnessing a historic rise in gas fees. This development coincided with a notable increase in the number of active users. The network has set the perfect stage for its upcoming L2 scalability solution upgrade. Even before its release, the much-anticipated...
Ethereum Gas Fees Hit Six-Month Low, Indicating Potential Altcoin Surge: Santiment
29.4.2024
Gas fees on the Ethereum network have experienced a significant drop to their lowest levels in six months, even as the price of Ether saw a slight rally over the weekend.
The post Ethereum Gas Fees Hit Six-Month Low, Indicating Potential Altcoin Surge: Santiment appeared first on Cryptonews
6-month low Ethereum fees suggest altseason is inbound: Santiment
29.4.2024
The Ethereum network had its cheapest day in over six months, which could suggest altcoins could rally “sooner than many may expect.”
VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs
9.4.2024
Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline
Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
29.3.2024
The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade...
Ethereum Hit by 'Blobscriptions' in First Stress Test of Blockchain's New Data System
28.3.2024
Ethereum fees for "blobs" – the blockchain's new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”
Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge
20.3.2024
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks...
Developers Upload Script of Jerry Seinfeld’s ‘Bee Movie’ on Ethereum as Gas Fees Plunge After Dencun
14.3.2024
Copying and pasting the Bee Movie script is a niche internet meme that originated on Tumblr and quickly spread to Reddit, YouTube, Facebook, and other social media platforms
Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
13.3.2024
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost
Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees
12.3.2024
The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum
Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock
8.3.2024
Ethereum network fees surged to nearly two-year highs, largely driven by the speculative frenzy with meme tokens such as PEPE, SHIB and FLOKI
Breaking Down Dencun’s Potential to Slash Ethereum Costs
4.3.2024
Ethereum’s major upgrade, “Dencun” is scheduled to drop on March 13, and, according to developers, it will immediately decrease gas fees on layer 2s by 75%. A new technological feature called proto-danksharding, aka blobs, is driving this impressive added scale. Proto-danksharding...
Latest Solana Meme Coin ‘AI’ Blasts Up 649.38% and Traders are Now Stacking This Other Coin
19.2.2024
As Solana meme coin markets remain supercharged hives of activity amid high ETH gas fees, AI has broken out as the latest major coin pump, but with AI price analysis revealing a potential downturn despite AI narrative – could stacking this other coin offer better returns? This article will...
Ethereum Gas Fees Surge to 8-Month High As ERC-404 Tokens Take Off
12.2.2024
Gas fees on the Ethereum network have soared to levels not seen since March 2023, driven by the growing interest in a new experimental token standard known as ERC-404. Ethereum Gas Fees Reach Peak Levels On February 9, Ethereum gas prices soared to an average peak of 70 gwei, equivalent to $60...
USDC to Go Native on Celo Blockchain, Eyeing Role as Gas Currency
1.2.2024
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain. Celo Embraces USDC for Enhanced Digital Currency...
Ethereum’s Vitalik Buterin Proposes Gas Limit Increase
13.1.2024
Amidst escalating transaction fees, Ethereum’s Vitalik Buterin has suggested a substantial gas limit increase, potentially boosting network capacity and reducing user expenses. Ethereum’s Vitalik Buterin Advocates for Higher Gas Limit to Improve Network Capacity Ethereum ecosystem...