Gas

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Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers

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While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners collect close to $1 million in gas in less than an … Read more

Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

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Decentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Project … Read more

Ethereum Reaches a new All-time High for Gas Usage

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Transaction fees affecting different cryptocurrency ecosystems in unique ways. For Ethereum, its gas used – based on a 7d moving average – has reached a new all-time high.  Every service or application built on top of Ethereum utilizes gas to operate. Ethereum Gas Usage Rises Swiftly Additionally, all regular users also pay transaction fees in … Read more

Ethereum Surpasses 700,000 Ether in Total Network Fees

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Every individual cryptocurrency network has many different statistics worth keeping an eye on. The Ethereum network recently surpassed 700,000 Ether in total fees paid, which marks a rather interesting milestone. No one can deny that there are very few successful crypto projects out there. An Interesting Milestone for Ethereum Based on user adoption, transaction values, … Read more

Crypto Networks Stress Tested During Bitcoin’s Wild Week

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Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have operated smoothly, however, despite the pandemonium. Also … Read more

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

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Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared … Read more

Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks

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Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most … Read more