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On Thursday, the non-fungible token (NFT) platform and digital art gallery backed by Mark Cuban announced the project has integrated with Polygon. The platform allows anyone to showcase NFTs by leveraging a unique lazy URL to social media profiles, and the integration announcement highlights the protocol is now live on Polygon mainnet. Lazy.com Joins Polygon … Read more
Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021. Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May While bitcoin (BTC) prices … Read more
On Thursday, the Smart Bitcoin Cash team announced the launch of the Smartbch testnet explaining that developers and decentralized app makers can now experiment and develop with the high-performance, EVM-compatible Bitcoin Cash sidechain. Further, Bitcoin.com News spoke with Wang Kui the lead developer of the Smartbch project. The Smartbch tech lead told our newsdesk about … Read more
The blockchain sector has known for years that technical hurdles need to be eliminated for mass adoption to take place. Has any progress been made? Go to Source Powered by WPeMatico
An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin. As one report explains, the unusually high fee may have been … Read more
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. Go to Source Powered by WPeMatico
The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board. Go to Source Powered by WPeMatico
The Ethereum network has taken more in fees than Bitcoin for a record streak, but a fee reform proposal faces an uphill battle. Go to Source Powered by WPeMatico
This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey … Read more
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