Vitalik Buterin pointed out that 40 M fewer Ethers have been mined today than was envisioned five years ago. Vitalik Buterin tweeted today that the Ethereum (ETH) supply is 40 million ethers less today than what was estimated in the original whitepaper. He believes this refutes the theory that Ethereum is run by inflationaist technocrats. […]
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The abnormal transaction fees from last week may not be blackmail after all, according to Alex Manuskin, a blockchain researcher at wallet company ZenGo. Last week, the crypto community spotted transaction fees of up to $2.6 million featured in several transactions on the Ether (ETH) network. Vitalik Buterin has since suggested that the abnormous fees […]
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Polkadot will now have representation on Gitcoin, a developer-focused platform that uses a mix of crowdfunding and foundation grants to grow Web3 and blockchain. A partnership announced on June 16 between the Gitcoin project and Polkadot will help the interoperable blockchain platform’s developers find community support and funding. Gitcoin’s current function can be considered as […]
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Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon […]
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Ethereum creator Vitalik Buterin says recent high fees could be blackmail. Multiple transactions recently incurred millions in transaction fees on the Etheruem network, which creator Vitalik Buterin thinks could have been blackmail. “So the million-dollar txfees *may* actually be blackmail,” Buterin said in a June 12 tweet. What happened? Proposing his theory on the situation, […]
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A second transaction has been confirmed on the Ethereum blockchain with a $2.6 million gas fee, confusing the crypto community. A second transaction of 350 Ether (ETH) ($86,000 at press time) with an incredible $2.6 million gas fee has just been confirmed on the Ethereum blockchain less than 24 hours after the first transaction for […]
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Check out this week’s Bad Crypto podcast. The Bad Crypto Podcast tracks all the latest goings-on in crypto. Here’s what the latest episode covers. Vitalik Buterin says the current crisis is not like the financial crisis of 2008, and the reform of money is not a sufficient use case for Bitcoin. But Ethereum can do […]
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A new Ethereum “gas token” can help users save on fees by storing cheap gas in periods of inactivity, using a clever contract trick that refunds gas when freeing storage. Ethereum (ETH)’s fees are hard-coded to only be payable in Ether, but a clever trick with smart contracts allows users to effectively pay for gas […]
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The Ethereum network has become highly congested since the end of April, leading some to entertain a gas limit or block size increase. Continuing congestion on the Ethereum (ETH) network has led some developers and community members to call for increasing the gas limit, which defines its transaction throughput. Data from Etherscan shows that the […]
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Some in the crypto community are using the turmoil in the United States to push a George Floyd token in what appears to be an obvious cash grab that feeds on sentiment. A new project has sprung up to take advantage of the tense situation in the United States and promote a new token. A […]
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