Ethereum co-founder Vitalik Buterin has hinted at a massive change for the blockchain’s future, raising the Layer1 gas limit by 10 to 100 times. His comment came in response to a recent technical milestone achieved by Succinct Labs, a team working on real-time proving systems using zkVMs (zero-knowledge virtual machines)
Ethereum’s “Merge” update will not reduce the gas fees. The team is fixing all the misconceptions arising on the upcoming upgrade. Merge’s PoS consensus will have superior blockchain security mechanisms. The Ethereum community is set to release an update called, “Merge”, on its network. While it is in its final
Ethereum transfer costs are steadily dropping from May 11, 2022. On July 2nd,2022 – the average fee slipped lower to $1.67 per transfer. Notably, Ethereum network fee points out the same in November 2022. As the entire crypto market was bearish in recent months, there were massive price falls in
The core objective of blockchain technology is to create a trustless environment that facilitates immutable transactions among people over the internet. Another possible blockchain usage purpose is to reduce network latency and reduce spends on clouds, but thats specific to service-oriented or game-oriented blockchain driven mesh networks Blockchain is revolutionising
