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Ethereum Gas

cryptocurrency January 17, 2024

Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between validators and regular users.” Advertisements Developer: EIP-1559 Is A “Great Equalizer” Since the implementation of EIP-1559, Ethereum adjusted how users bid gas […]

cryptocurrency July 2, 2023

In a recent community call, the team behind the Ethereum Name Service (ENS) revealed plans to adopt a Layer-2 platform in light of increasing gas fees on the mainnet. In response to this planned move, ENS prices climbed roughly 10%, floating higher with increasing trading volumes, evident in the daily chart. Advertisements The Ethereum Name Service […]

cryptocurrency June 30, 2021

ETH 2.0 staking is about to hit six million ethereum, with 179,709 validators currently. Advertisements The ethereum launchpad currently has 5.91 million in ETH being staked. The amount equates to nearly 180,000 validators on the network.  The recent number is a huge jump from six months ago. The current value of staked ETH now totals […]

cryptocurrency August 25, 2020

One of Ethereum’s most sought after upgrades is being discussed again as momentum for approval and implementation mounts. It could effectively change the fee market mechanism by burning a little ETH for every transaction made. Advertisements As Ethereum demand has grown over the past few months, propelled by the boom in DeFi applications and protocols, […]

cryptocurrency August 14, 2020

1inch exchange’s Chi Gastoken (CHI) promises token swaps with lower fees. The value of the token rocketed this past month, but does it do what it was designed for? Advertisements Anyone who has been chasing tokens on Uniswap or moving ETH has noticed the sky-high transaction fees. Someone even allegedly paid $400 in gas to […]

cryptocurrency July 30, 2020

As Ethereum reaches its five year birthday, on-chain metrics have never been stronger. The recent price rally is also good news for those that have been buying ETH over the past year or so. Advertisements Ethereum prices are at their highest level for over a year, but looking at the longer-term picture shows that ETH […]

cryptocurrency July 30, 2020

Ethereum has come a long way in the past five years. To mark its anniversary BeInCrypto will take a look at what the network has been through, and what could be in store for it in the next half-decade. Advertisements The genesis block on the Ethereum blockchain was mined on July 30, 2015 — five […]

cryptocurrency July 21, 2020

Advertisements The Ethereum network seems to be cracking under pressure as stablecoins and the DeFi ecosystem continue to expand. As a result, gas usage has skyrocketed to new highs along with network fees—so how can this be positive for Ethereum? As DeFi markets near $3 billion total value locked, the strains on the Ethereum network […]