Powered by WPeMatico
Category: Fees
Auto Added by WPeMatico
On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to […]
Russia to Allow Foreign Residents to Own and Use Digital Ruble
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer. Bank […]
Powered by WPeMatico
Florida governor’s budget proposal wants to let residents pay fees in crypto
Florida Governor Ron DeSantis proposed to allocate $750 million to enable a “crypto-friendly Florida.”
Powered by WPeMatico
Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues
A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this. […]
Powered by WPeMatico
Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
Strong fundamentals and the steady growth of the Polygon network are just a few of the factors behind MATIC’s recent rally above $2.00.
Powered by WPeMatico
Bitcoin network settling an average of $95K for every $1 in fees
Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees.
Powered by WPeMatico
Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum
One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions. Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the Biggest […]
Powered by WPeMatico
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Buterin issued a decrease-cost-and-cap proposal, which aims to achieve most of the benefits of the decrease
Powered by WPeMatico
Ethereum Has Burned More Than a Million ETH Over the Last 3 Months
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion worth of ethereum using today’s exchange rates. […]
Powered by WPeMatico
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank of Russia to Charge for Digital Ruble Transfers The […]
Powered by WPeMatico