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)
Changpeng ‘CZ’ Zhao, founder of Binance, has stirred discussion within the crypto community by proposing a significant reduction in BSC Chain gas fees. In a May 7 post on X, CZ suggested lowering gas fees on the Binance Smart Chain by three to ten times their current level. Let's reduce
On February 5, MetaMask introduced a groundbreaking feature, Gas Station, on Ethereum’s mainnet, aimed at resolving one of the network’s most persistent issues, insufficient gas fees leading to failed transactions. This new functionality allows users to complete token swaps without needing to maintain a separate ETH balance for gas fees,
Blockchain-based finance cuts out the intermediaries to save users on transaction costs, but that doesn’t mean it’s entirely free to use. Rather than giving the bank its cut, users are instead required to pay “gas” fees, which are used to reward either the miners or the validators that process payments
