Tag: Ethereum blockchain

Ethereum blockchain to undergo major upgrade to cut energy use

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[ad_1] A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology’s use and support the price of the ether token. The upgrade, known as the “Merge,” will mark a radical change to how transactions on the Ethereum blockchain […]

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Ethereum Layer-2 fees will only be “truly acceptable” at under $0.05: Vitalik Buterin

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[ad_1] Ethereum co-founder Vitalik Buterin believes that Layer-2 transaction fees will only be “truly acceptable” if they are lowered to under $0.05. Layer-2 transaction fees help scale an application by processing transactions off the Ethereum Mainnet, also called layer 1 main blockchain. Layer 2 solutions increase transaction speed and reduce gas fees. This comes after […]

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