Ethereum gas fees – News Portal

Less Gas fee to faster transaction speeds: Bursting five common myths surrounding The Merge

August 19, 2022August 19, 2022cpooldigitalLeave a Comment

[ad_1] Ethereum’s network is switching from the Proof of Work (PoW) to the Proof of Stake (PoS) algorithm and is in its final testing stage. The upgrade called ‘The Merge’ is all set to change the working of the blockchain, with the aim to make the Ethereum blockchain less energy intensive. As controversy and confusion […]

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

May 4, 2022May 4, 2022cpooldigitalLeave a Comment

[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 […]