Recent research into the growth of the layer-2 Ethereum scaling ecosystem has revealed potential problems for the network down the line. New findings from Binance Research have shed light on potential issues for the Ethereum network as the layer-2 ecosystem grows. Ethereum successfully transitioned to proof-of-stake but still cannot scale natively until sharding implementation sometime … Read more
As non-fungible tokens (NFT) surged in popularity throughout 2021 and the beginning of 2022, gas fees skyrocketed, but are now as low as 50 gwei. Sponsored Sponsored The fees on the Ethereum blockchain reached a six-month low on March 9, 2022, according to CryptoRank. The previous low was seen in August 2021. Gas fees refer … Read more
A recent Ethereum Improvement Proposal (EIP) put forth by network co-founder Vitalik Buterin aims to address transaction costs, one of the network’s greatest drawbacks. Sponsored Sponsored Last month, Buterin put forward EIP-4488 which aims to decrease the transaction ‘calldata.’ This could provide some short-term respite from those galloping gas fees. The primary purpose of the … Read more
Ethereum co-founder Vitalik Buterin has put forth a proposal with Ansgar Dietrichs, a software developer for Ethereum. The proposal, called EIP-4488, is proposed as a short-term solution to the escalating gas fees experienced on Layer 2. Sponsored Sponsored The EIP4488 modification was suggested three days ago on the Ethereum Improvement Proposal GitHub repository by Buterin … Read more
Ethereum scaling solutions provider Optimism has detailed its latest upgrade which will make deploying to Layer 2 much easier for developers. Sponsored Sponsored In a blog post on Sept 18, Optimistic Ethereum revealed that it was in the process of developing a way to deploy smart contracts onto its platform with just a click. Currently, … Read more
