Crypto billionaire Vitalik Buterin has suggested a new short-term solution to curb soaring gas prices on the Ethereum network. The solution involves a new network upgrade that reduces the transaction calldata cost as well as limits the total transaction call data in a single block. Surging gas fee prices on Ethereum have constantly plagued the network where investors have been … [Read more...] about Ethereum founder Vitalik Buterin proposes fix for high gas fees
fix
The three traits of Web 3.0 that fix what went wrong with today’s internet
Blockchain tech has come a long way. It wasn’t that long ago that crypto remained at the fringes, evangelized by a vocal minority. The narrative shifted once the COVID-19 pandemic pushed people into their homes with plenty of time to dive into new interests. Crypto benefited from the increased attention, entering everyday conversations among friends, family and colleagues.Even … [Read more...] about The three traits of Web 3.0 that fix what went wrong with today’s internet
Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm.No official release date has yet been announced for the E9, however, the machine’s arrival may not be as impactful as first … [Read more...] about Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Environmentalists say Bitcoin must do what Ethereum is doing to fix climate impact
The New York Times published an article featuring calls from experts saying Bitcoin will eventually need to follow what Ethereum is doing and change to a Proof-of-Stake (PoS) consensus mechanism.Bitcoin’s ravenous demand for electricity is an undisputed fact. But things get muddled when it comes to where that energy comes from, i.e., fossil fuels vs. renewable sources. As much … [Read more...] about Environmentalists say Bitcoin must do what Ethereum is doing to fix climate impact