Ethereum transaction costs, colloquially referred to as “gas fees,” have long been a pain point in the Ethereum community, with many bemoaning that high transaction costs have made Ethereum Layer 1 unusable for the average retail user. A single transaction (such as purchasing an NFT or swapping tokens on decentralized exchange Uniswap) could range from $15-$20 on the lower end … [Read more...] about Ethereum Gas Site Fees.wtf’s $WTF Token Down 80%, Following $SOS and $GAS
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GME rallies on GameStop NFT plans, Vitalik Buterin proposes new gas fee structure, Samsung integrates NFTs with smart TVs: Hodler’s Digest, Jan. 2-8
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekTop Bitcoin mining country Kazakhstan turns off internet amid protestsKazakhstan, which accounts … [Read more...] about GME rallies on GameStop NFT plans, Vitalik Buterin proposes new gas fee structure, Samsung integrates NFTs with smart TVs: Hodler’s Digest, Jan. 2-8
Ethereum founder Vitalik Buterin proposes fix for high gas fees
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
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Ethereum (ETH) co-founder Vitalik Buterin has proposed a new limit on the total transaction calldata in a block to decrease the overall transaction calldata gas cost over the ETH network. Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time to … [Read more...] about Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Ethereum supply flips briefly into deflation as gas fees spike
The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 "deflationary blocks" produced.A spike in the Ethereum transaction fee burn rate has resulted in at least two hours when the supply was deflationary. The network has come under heavy load over the past couple of days which has … [Read more...] about Ethereum supply flips briefly into deflation as gas fees spike