Upcoming Ethereum Upgrade To Reduce Fees – Details

The second largest crypto blockchain Ethereum is preparing for a new upgrade that will reduce transaction fees on the network. The upgrade tagged “Dencun” will also introduce more use cases for Ethereum.

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Optimism (OP) Bedrock to Reduce Network Fees by Almost 50%: Analysis

Optimism (OP), second largest Ethereum L2 scaling solution, inches closer to Bedrock upgrade, here's how it can reduce network fees

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Polygon Completes Hard Fork to Reduce Gas Fee Spikes, Disruptive Reorgs

The software upgrade to the Ethereum scaling project went live on Tuesday and included two proposals from December that Polygon validator teams voted to approve.

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Polygon to undergo hard fork to reduce reorgs and gas spikes

Ethereum scaling projec Polygon has announced a hard fork upgrade to its platform to deal with gas spikes and improve the security of blocks on the sidechain network.

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Polygon Scalability Upgrade zkEVM Announces Final Testnet: Here Is What You Need to Know

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Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees

The Merge will still reduce the network's energy consumption by an estimated 99.5%.

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Ethereum Foundation addresses misconception around gas fees in new Merge update

The Ethereum (ETH) Foundation revealed that the Merge would not reduce gas fees, and it will not enable staking withdrawals until the Shanghai upgrade in an August 17 note. The post Ethereum Foundation addresses misconception around gas fees in new Merge update appeared first on CryptoSlate.

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Next Big Ethereum Upgrade Could Reduce Layer 2 Gas Fees

A recent Ethereum Improvement Proposal (EIP) put forth by network co-founder Vitalik Buterin aims to address transaction costs, one of the network’s greatest drawbacks. The post Next Big Ethereum Upgrade Could Reduce Layer 2 Gas Fees appeared first on BeInCrypto.

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Tezos Completes Seventh Forkless Upgrade With Introduction Of Granada

Tezos has announced the completion of the Granada upgrade, the latest of seven forkless network developments intended to reduce gas consumption, as well as introduce several other improvements. The Tezos network, described as a “self-upgradable and energy-efficient blockchain with a proven track record,” has seen three upgrades take place this year alone and has experienced […]

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Tezos (XTZ) smart contract fees went down by 75%

Tezos (XTZ) recently introduced its latest upgrade, called Delphi. The upgrade managed to strongly reduce the project’s smart contract fees, taking them down by as much as 75%. The move was made in order to attract DeFi developers, as fees on Ethereum — the birthplace of DeFi — continue to grow due to the project’s scalability issue.

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Steem is ‘Overly Centralized’ Says CZ While Announcing Support for the Controversial Hard Fork

The leading spot exchange Binance has received a request to upgrade the STEEM network to version 0.23. This controversial hard fork earlier this week aimed to freeze 23.6 million STEEM tokens worth $5 million of 65 accounts and reduce the un-staking time to 4 weeks from 13 weeks. In an attempt to prevent the takeover […]

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Binance Reluctantly Supports Controversial Steem Network 0.23 Upgrade

Cryptocurrency exchange platform Binance has finally decided to support the controversial STEEM 0.23 upgrade but says it will seek to reduce trading of the altcoin on its platform. In an announcement published on Saturday, Binance revealed its decision to initiate the protocol upgrade on its platform — backtracking on its earlier stance against the hard […] The post Binance Reluctantly Supports Controversial Steem Network 0.23 Upgrade appeared first on BeInCrypto.

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NEXO Introduces 50% Interest Discount on Instant Crypto Credit Lines to Reduce Supply

NEXO will begin to execute a new improved policy of the 50% Interest Discount on its Instant Crypto Credit Lines, starting February 10th, announced the company on Wednesday. With the upgrade, the company says NEXO holders will see gains as “NEXO Token will experience a notable boost in its utility features.” To collect the whole 50% […]

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Istanbul Tunes Ethereum (ETH), Prices Firm Above $300

Ethereum (ETH) up 14. 3 percent EIPs 1702 and 2024 to be activated in the next network upgrade During an impending Ethereum upgrade dubbed “Istanbul”, there will be activation of two approved Ethereum Improvement Proposals (EIPs) in 2024 and 1702.

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Tezos’ Arthur Breitman asserts onchain upgrade will enable easy deployment of complex smart contracts

Tezos blockchain made history last month after activating two separate backward-incompatible changes. The new upgrade of the smart contracts and decentralized applications platform involved three months of on-chain voting by stakeholders, which started in February this year.

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Hacked Crypto Exchange Cryptopia Opts For Liquidation

Hacked cryptocurrency exchange Cryptopia has appointed liquidators as executives warn of an investigation lasting “months rather than weeks. ” Meanwhile, Binance is undergoing a major upgrade. Cryptopia Users Brace For Long Haul In a press release May 14, accounting firm Grant Thornton confirmed it was overseeing liquidation procedures at the New Zealand exchange, which lost $23 million NZD ($15.

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XRP Overtakes Ethereum Despite Looming ‘Constantinople’ Upgrade

XRP has reclaimed the position of the second largest cryptocurrency by market cap from ETH just days before Ethereum’s ‘Constantinople’ hard-fork upgrade.   Pre-Fork Drop On January 16th, Ethereum is scheduled to undergo a network-wide system update called ‘Constantinople’.

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Ethereum (ETH) Core Developers Propose an ASIC Resistant Upgrade

The Ethereum (ETH) Core Developers had a meeting on the 4th of January that discussed several developments on the network such as the upcoming Constantinople and Istanbul hard forks. Another EIP (Ethereum Improvement Proposal) that was discussed, was one meant to update the current hashing algorithm to reduce the incentive to mine Ethereum using ASICs […] The post Ethereum (ETH) Core Developers Propose an ASIC Resistant Upgrade appeared first on Ethereum World News.

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Crypto Investors Checklist About Ethereum’s Constantinople Hard Fork on January 16, 2019

Ethereum (ETH) is going to experience a new hard fork as soon as January 16. This network upgrade is called Constantinople and is expected to reduce block rewards for miners from 3 ETH to 2 ETH. The upgrade is very important for the Ethereum community and is an important path towards Proof-of-Stake (PoS) from Proof-of-Work […]

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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.

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Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

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Ethereum Developers Move to Alter Blockchain's Economics In Next Upgrade

Developers agreed to reduce ethereum issuance from 3 ETH to 2 ETH in an upcoming hard fork, Constantinople.

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Ethereum Proposal to Reduce Inflation by 33% in the Metropolis Upgrade

Ethereum developers are proposing a reduction of block reward from 3 eth to 2 eth per block at the same time as a delay of the difficulty increase. Following a... The post Ethereum Proposal to Reduce Inflation by 33% in the Metropolis Upgrade appeared first on Trustnodes.

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Op Ed: Scaling Capital Market Adoption of Blockchain Technology With SHA-3

The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture.

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