Ethereum News

Why is High Transaction Fees on Bitcoin and Ethereum a Worrying Signal?

Bitcoin [BTC] and Ethereum [ETH] are the only cryptocurrencies with real fees paid for transactions. Bitcoin and Ethereum Only, Please! In the early days of Bitcoin [BTC], it was practically free to use with the transactions costing next to nothing. The incentive of the miners, on the other hand, was block rewards. 10 years down…

Ethereum News

Median Ethereum [ETH] Fees Rises Ten-Fold Since the Beginning of the Year: Report

The total fees on Ethereum surpassed that of Bitcoin on 10th June. The increase in the adoption of smart contracts and stablecoin issuance has been highly positive for Ethereum growth. According to a report from Coinmetrics, ETH median fees have, however, grown significantly since the beginning of the year. On January 1st, 2020, ETH median fees…

Ethereum News

Mining Pools Decide on Distribution of 23,000 ETH in Fees from Abnormal Transactions

After a week of failed deliberation on the $5.5 million (23,646 ETH) earned as fees for three transactions, the mining pools have made their decision on the distribution. After the reports of the first transaction came out, two similar transactions were made on the following days again. Two pools, SparkPool and Ethermine, have decided to…

Ethereum News

Market Update: Bitcoin [BTC] Hangs in the Balance as Ethereum (ETH) Defends Supply one

Bitcoin surged for two days in a row to trade highs around $5,343. Bitcoin is poised for upside movement above the 50 SMA. Ethereum moved closer to the seller congestion area at $180 while following in Bitcoin’s footsteps. Bitcoin price update BTC/USD extended the gains clocking $5,340.75 (on Coinbase) on Wednesday following the initial break…

Ethereum News

Ethereum [ETH]: Vitalik Lists Down Four Major Hurdles in Implementing Proof-of-Stake

Ethereum has been struggling with scalability issues and its move to Proof- Of- Stake (POS) strategy is considered to be the answer to it. But the implementation of POS is not going to be easy as Vitalik recently discussed the four major hurdles that stand in its way to implementation. Vitalik candidly discusses Ethereum future…