According to reports, ETH miners raked in nearly 20K ETH in gas fees last week on top of block rewards. This was largely due to Ethereum’s price rise over the past few weeks as the cryptocurrency recorded gains of over 108% since last month. In fact, ETH is poised to become even more valuable going...Read More
In a previous article, we discussed the changes that will take place after EIP-1559 is implemented on Ethereum and the modification of the current gas fee system. As explained, the main objective of EIP-1559 remains to lower gas fees for its users so that individuals are not overpaying for their transactions to go through. While...Read More
There were significant positives for Ethereum in 2020, with the world’s largest altcoin stepping into 2021 on the right foot. Between the 1st and 3rd of January, the cryptocurrency’s value hiked from $725 to $990, with the following day seeing ETH touch a high of $1169 too. CoinMetrics’ recent report illustrated Ethereum’s maturity in the...Read More
EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon. ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved. Finally,...Read More
