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Ethereum gas prices and Bitcoin miner revenue near record lows


Bitcoin mining revenue per hash also witnessed record lows, and the impact of the recent halving event is visible in the trend. The median price of gas has sharply dropped, and Ethereum is currently experiencing slight inflation and a slow burn rate. Recently, miners’ revenue has shown...

How Ethereum’s gas fees shape blockchain transactions


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....

Vitalik Buterin proposes an Ethereum upgrade protocol with a new gas model


Vitalik Buterin, one of the inventors of Ethereum, has envisioned reshaping the gas fee structure on the blockchain through a proposal called EIP-7706. Creating a new category for call data is the main objective of this agreement, which aims to reinvent the way transaction fees are computed...

Optimism streamlines L3 onboarding with gas tokens and plasma mode


To facilitate the integration of Layer 3 developers into its Superchain network, Optimism will shortly introduce two innovative features: customized gas tokens and plasma mode. The implementation of the newly added features will streamline the registration process for L3s utilizing the OP Stack...

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