With ETH Price Over $1650, Gas Fees Go Ballistic. What's the Solution?

2021-2-4 14:38

Yet again, network fees on Ethereum (ETH) network are rocketing amidst rapid price upsurge. Both median and average network fees are close to all-time-high levels

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fees network eth price upsurge rapid amidst

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Vitalik Buterin Floats EIP 2929 to Tackle Rising Ethereum Gas Fess

Vitalik Buterin the co-founder of the Ethereum smart contracts blockchain has introduced the Ethereum Improvement Proposal (EIP) 2929 as a possible solution to the rising gas fees of the network. Buterin Focuses on Gas Fees Reduction  As the world of decentralized finance (DeFi) continues to expand, transaction fees (gas fees) on Ethereum, the engine roomRead MoreRead More.

2020-9-5 21:00


Tether to Add Layer 2 Solution, ZK-Rollups, to Reduce Congestion On Ethereum’s Network

Tether announces plans to integrate ZK-Rollups, a second layer solution using zero knowledge proofs to bundle up transactions as one to reduce the burden on Ethereum-based USDt transactions. Integration of Layer 2 solutions is becoming an ever growing concern for Ethereum users after the recent spike in gas fees in tandem with DeFi market growth.

2020-9-1 19:40


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USDC 2.0 Introduces “Gasless Sends” to Tackle Skyrocketing Ethereum Gas Fees

Members of the Centre Consortium — Circle and Coinbase – have unveiled USDC 2. 0 to tackle notorious Ethereum network gas fees. Circumventing Ethereum Gas Woes U. S. -based cryptocurrency exchange Coinbase and P2P payments technology firm Circle have launched a new USDC stablecoin with several upgrades to the underlying protocol and smart contract.

2020-8-28 16:07


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Ethereum Fees Crashes 80% Much Like Transaction Count as ETH Price Retreats

The most popular USD pegged stablecoin Tether that is the second biggest gas guzzler on the Ethereum network recently adopted OMG Network for the settlement. This integration between Tether and Layer 2 solution for Ethereum – OMG Network is expected to result in a reduction of fees and confirmation times, which has become extremely important […]

2020-8-22 20:03


Ethereum Suffers from Fundamentals Flaws — Is it the New Normal?

The fees on Ethereum had reached the highest since 2015 when it launched, surging past $7. More than 17,500, $6.8 million are currently being spent on fees daily on the network. Spencer Bogart, general partner at Blockchain Capital, “Mempools are getting more competitive as value at stake for pending crypto tax increases. This increased competitiveness […]

2020-8-15 22:40