Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost

Ethereum Network's Rising Gas Fees in 2023: A Balancing Act of Growth and CostEthereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, […]

Go to Source

Powered by WPeMatico

Ethereum Could Benefit From Stealth Addresses Implementation, Says Vitalik Buterin

Ethereum Could Benefit From Stealth Addresses Implementation, Says Vitalik ButerinEthereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three […]

Go to Source

Powered by WPeMatico

‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake

'Ultra Sound' Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-StakeIts been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on […]

Go to Source

Powered by WPeMatico

Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89

On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the […]

Go to Source

Powered by WPeMatico

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per TokenThe stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]

Go to Source

Powered by WPeMatico

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The MergeOn July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches Antminer E9 for $4.17 per […]

Go to Source

Powered by WPeMatico