Crypto Long & Short: Finding Alpha in AI-Related Crypto

Glenn Williams Jr. explains how his process of researching small and microcap oil and gas companies compares to that of digital assets and AI. Then, Joe Orsini shares how two on-chain metrics, realized capitalization and holding trends, demonstrate belief in bitcoin as a store of value (SoV).

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Polygon Completes Hard Fork to Reduce Gas Fee Spikes, Disruptive Reorgs

The software upgrade to the Ethereum scaling project went live on Tuesday and included two proposals from December that Polygon validator teams voted to approve.

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Ethereum average gas fee falls down to $1.57, the lowest since 2020

For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.

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$72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees

The use of a Dutch auction on its own chain may be two major factors that contributed to the sale’s success in selling out the Land plots and keeping gas fees low.

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Ethereum L2 Gas Fees Hit ATH; Here's Why

Usage of second-layer networks on top of Ethereum (ETH) rocketed in last two days, data says

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How far might the 'Ethereum-killer' tag go to benefit retail SOL buyers in 2022

The Coronavirus pandemic and paying the gas fee on the Ethereum blockchain are two things that are poles apart. However, the struggle to overcome both problems has been the same. And, that’s exactlyThe post How far might the 'Ethereum-killer' tag go to benefit retail SOL buyers in 2022 appeared first on AMBCrypto.

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PlanetQuest Joins Forces With Immutable X to Power NFT-Economy-Driven Game Universe

PlanetQuest, a gaming platform on the blockchain, has shared the vision of its intergalactic survival game. The game is powered by Immutable X, a layer two protocol that powers transactions on the Ethereum blockchain by providing zero gas fees, instant trades, and carbon-neutral NFTs.

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Mintable app to support minting NFTs on the layer two Immutable X protocol

By integrating Immutable X's technology into its marketplace, Mintable hopes to tackle gas and scaling limitations for NFT traders.

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TVL On Ethereum Layer Two Smashes All-Time Record Despite Challenges

Following the outrageous gas fees on Ethereum mainnet layer one, more and more networks are flocking to layer two and this can be seen in its Total Value Locked (TVL) which recently peaked at $5. 6 billion in less than 90 days.

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Wing presents rewards plan in exclusive campaign for Wing PolkaPets NFT holders

Wing’s pWING Airdrop Campaign, targeting holders of the PolkaPets NFT, has been running for two months. In a post on Medium, Wing thanked all participants for their support. Wing point out that the Ethereum (ETH/USD) gas fees that need to be paid to distribute rewards are very high due to the correspondingly high ETH Gwei.

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NFT sales are sizzling: Record $5 billion in sales as Bored Apes, Loot, CryptoPunks make splash

Mutant Ape Yacht Club, Loot (for Adventurers) and Bloot (not for Weaks) made a splash during the last two weekends, while contributing to tremendous spikes in gas prices, according to the latest DappRadar report that kept tabs on the new decentralized applications (dapps).

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Metis DAO: Infrastructure for the Web3 World

The blockchain industry has experienced a significant transformation in the past two years with NFTs and DeFi becoming the norm. This development has caused major problems on the growth potential of Ethereum with high gas fees, slow transactions, and limited scalability.

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DApp Distribution: Ethereum Losing New DApps To Polygon, BSC

The second-largest cryptocurrency network Ethereum is beginning to lose the DApp war for relevance and it’s not so hard to see why. Crowded platform Higher gas and processing fees These are the two biggest reasons newly-built Decentralized applications are ditching the busiest blockchain network for newer and cheaper alternatives. Ethereum is Losing The Number Game […]

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Ethereum GAS prices fall below $1—here’s two reasons why

According to Etherscan, Ethereum’s average gas price has dropped to under $1.

The post Ethereum GAS prices fall below $1—here’s two reasons why appeared first on CryptoSlate.

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Uniswap V3 Volume Surpasses SushiSwap Despite Crazy Gas Fees

Messari’s Ryan Watkins has revealed via a Twitter thread on May 19, 2021, that Uniswap v3 is now the second-largest Ethereum-based decentralized finance protocol (DeFi) barely two weeks after going live on the Ethereum mainnet.

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“Ethereum to Scale by 100X in the Coming Months,” Says Vitalik on Optimism Rollups Launch

Ethereum co-founder Vitalik Buterin believes the blockchain is closing in on solving its scalability problem, predicting the Optimistic rollup launch in the coming month. The Optimism rollup is a layer two solution aiming to scale the blockchain by a factor of 100, which will solve the medium-term high gas fees as the community awaits the […] The post “Ethereum to Scale by 100X in the Coming Months,” Says Vitalik on Optimism Rollups Launch first appeared on BitcoinExchangeGuide.

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Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

CryptoNinjas » Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain Enjin, the co-creator of the ERC-1155 token standard, today announced it is launching two scaling solutions to remove gas and support fungible and non-fungible tokens (NFTs) from any blockchain: JumpNet, launching on April 6th, and Efinity, launching later in 2021.

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The Ethereum Conundrum: How long will users bear high transaction fees?

There are two kinds of people in the Ethereum network at the moment - The happy miner and the dissatisfied user. ETH miners have raked in more gas fees over the past few months than ever before, but oThe post The Ethereum Conundrum: How long will users bear high transaction fees? appeared first on AMBCrypto.

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Polkadot vs. Polygon: Understanding Two Prominent Second Layer Ethereum Blockchain Solutions

The meteoric rise of decentralized finance across 2020 exposed numerous vulnerabilities with the Ethereum network. While the Ethereum blockchain is one of the most secure and ‘battle-hardened’ infrastructures, high gas costs and scalability issues have led some projects to innovate instead of waiting for the long-desired Ethereum 2.

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ETH Gas & Bitcoin Fees Insanity Rear its Ugly Head Again Amidst Market Uptrend

As the price of cryptocurrencies keep its gains and, in some cases, rally, it is becoming costly, yet again, to use the two largest blockchains. First things first, the fees are nowhere near the levels recorded during the bull market's height, but still, it is getting pretty ramped up.

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DeFi Protocol Synthetix Upgrading to L2 Scaling to Alleviate Gas Costs for Small SNX Stakers

Popular on-chain synthetic assets protocol, Synthetix is in the first phase of its transition to Optimistic Ethereum, a layer two scalability solution for the second-largest network that continues to grapple with congestion and sky-high fees thanks to all the DeFi craze.

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Marqet Launches Synthetix Margin Trading DeFi Platform

Another day yields another earning mechanism in the ever-shifting world of decentralized finance (DeFi), and today’s offering is a leveraged trading platform for Synthetix called Marqet. The first protocol that combines two foundational DeFi protocols has been announced amid the Uniswap Token hype, which has driven gas prices through the roof again.

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Ethereum gas fees hit new all time highs

As the Ethereum price hits a two year high, demand to transact on the network has surged leading to all-time high transaction fees, gas consumption and miner revenues.

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Ethereum Gas Usage Reaches All-Time High, Congestion Intensifies

Ethereum has been putting its foot to the pedal over the last two months, generating new record-breaking usage numbers that paint apparent demand for the platform. Can the network keep...

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Someone spent $5.2 million in gas fees to send just two payments on Ethereum – What went on behind the scenes?

Between yesterday and today, a total of $5. 2 million was paid from the same Ethereum wallet as transaction fees. The first $2. 6 million paid yesterday as the fee was for a value of $133 (0. 55 ETH) while the second was for around $87,000 (350 ETH).

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Argentina’s Gas Regulator Greenlights Industry Blockchain Built With RSK Tech

Gasnor, a natural gas distributor for two million Argentine residents, has won approval to pilot a smart contract-based platform aimed to speed up the country's chronically slow gas certification processes.

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Review of Gitcoin Quadratic Funding Round 3

Special thanks to the Gitcoin team and especially Frank Chen for working with me through these numbers The next round of Gitcoin Grants quadratic funding has just finished, and we the numbers for how much each project has received were just released.

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The Dawn of Hybrid Layer 2 Protocols

Special thanks to the Plasma Group team for review and feedback Current approaches to layer 2 scaling - basically, Plasma and state channels - are increasingly moving from theory to practice, but at the same time it is becoming easier to see the inherent challenges in treating these techniques as a fully fledged scaling solution for Ethereum.

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The European Space Agency is building a ‘comet interceptor’ to uncover space secrets

The European Space Agency (ESA) announced yesterday that it’s planning to make a ‘comet interceptor’ probe within the next eight years. The probe aims to capture details of a comet not seen before, when it enters our solar system.

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Dow Will Surge 60% to 40,000 in 24 Months – Then Suffer Brutal Decade

  By CCN: A break-neck rally in the Dow Jones has the bullish analysts leaping back out of their hiding places. Perhaps the most outlandish call came from Yves Lamoureux, who believes the Dow will skyrocket to 40,000 within two years, only to languish there for an entire decade.

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

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Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.

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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

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Norwegian Fund Hosts $7 Billion Mega-Sale of Energy Companies

The Norwegian Sovereign Fund has announced a $7 billion sale of shares for 134 exploratory fossil fuel and energy companies. Norway owns the largest sovereign fund in the world, the Government Pension Fund Global (GPFG), which is valued at over $1 trillion.

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Living on Bitcoin Day 1: “That’s Not Going to Work”

“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.

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ADNOC Uses IBM Blockchain in the Oil and Gas Production Value Chain

The Abu Dhabi National Oil Company (ADNOC) is embracing the possibilities of blockchain. The company recently announced a successful partnership with IBM. The two have piloted an IBM blockchain based automated system that integrates the oil and gas production activities across the entire value chain.

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A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

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NEO Details the Process of Becoming a Consensus Node on Its Network

The NEO public blockchain project backs NEO, the 15th largest cryptocurrency in the world. It has two distinctive tokens, NEO (NEO) and NEOGas (GAS). Of these two, NEO has 100 million tokens of which 50 million have been distributed to supporters while the other 50 percent is managed by the NEO Council to support the […] NEO Details the Process of Becoming a Consensus Node on Its Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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VeChainThor Partners with Chinese Gas Companies to Establish Blockchain-Based Natural Gas Solution

An exciting announcement was made at this year’s China International Gas & Heating Technology and Equipment Exhibition. In an attempt to reduce carbon emissions and increase the adoption of clean energy, two leading Chinese gas and energy companies have revealed a new collaboration with the VeChainThor blockchain project.

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Livepeer Wraps Up Merkle Mining, Frees Ethereum Bandwidth

The token distribution approach increased Ethereum gas usage in the past two months, but in most cases, gas fees remained reasonable.

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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

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BMW steps on the gas to define its ‘blockchain strategy’ with new startup accelerator program

Car manufacturer BMW has taken further steps in defining its blockchain strategy with the announcement of a new startup accelerator program. Two were picked from a category specifically for blockchain startups.

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Ethereum (ETH) Price Analysis: ICO Cashing out FUDs Impeding ETH Recovery

A 33 percent dip in the last week means Ethereum sellers are stepping on the gas pedal. There are many theories around this rapid decline with most associating this dump with ICOs losing their patience and cashing out.

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More Efficient Clone Contract Functionality Could Soon Be Coming To Ethereum Blockchain

EIP 1167 entered “last call” status yesterday and is open for comments for the next two weeks before it is finalized. This Ethereum Improvement Proposal allows any number of cloned contracts to redirect calls and gas fees more cheaply and with fewer side effects than is currently possible.

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Block Sports ICO

Block Sports is a decentralized sports betting exchange that approaches the concept of a blockchain-native sports betting platform with two key objectives — creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer.

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A Prehistory of the Ethereum Protocol

Although the ideas behind the current Ethereum protocol have largely been stable for two years, Ethereum did not emerge all at once, in its current conception and fully formed. Before the blockchain has launched, the protocol went through a number of significant evolutions and design decisions.

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Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

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Bringing IoT and Blockchain Applications Together to Avoid Human Error

ULedger and Fetch. ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria.

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Enjin Coin CTO Creates ERC-1155, a New Token Standard for Ethereum

Witek Radomski — co-founder and CTO of Enjin Coin — has developed ERC-1155, a new standard for defining video game tokens on the Ethereum blockchain. Radomski’s journey to improve the gaming experience began 12 months ago in June 2017, when he created code for the first non-fungible token.

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