Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. For the user, the experience will become completely … [Read more...] about Gas-free transactions will revolutionize Web3
Transactions
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks, such as … [Read more...] about $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
SundaeSwap launches on Cardano but users report failing transactions
Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions.Is it just a case of expected teething troubles under an influx of excited users or is there more to it?SundaeSwap is a decentralized exchange (DEX) and token staking platform. It’s mainnet launch today marks a … [Read more...] about SundaeSwap launches on Cardano but users report failing transactions
Fantom Transactions Surge Ahead of Avalanche as DeFi Prospects Heat Up
“Hundred Finance is a new project on Fantom that has recently received a lot of attention, and it is leveraging the now-popular ve-token model with high stablecoin yields of up to 30% APY. This, in turn, generated a lot of hype and speculation, as evidenced by Fantom surpassing Avalanche in daily transaction count,” he added. Source link … [Read more...] about Fantom Transactions Surge Ahead of Avalanche as DeFi Prospects Heat Up
ConsenSys launches Rollups for privacy-enabled transactions on Ethereum blockchain with support of Mastercard
On Thursday, ConsenSys, a prominent developer of Ethereum (ETH) software, announced the launch of enterprise software ConsSys Rollups. The service, designed on the basis of zero-knowledge (ZK) proofs, is meant to protect specific transaction elements, such as account balances, sender and recipient wallet addresses, and transaction amounts to secure each user's … [Read more...] about ConsenSys launches Rollups for privacy-enabled transactions on Ethereum blockchain with support of Mastercard