Ethereum's gas fees have significantly decreased, hitting a record low as its value surged past
$2,600. This aligns with recent innovations geared towards making
cryptocurrency transactions more efficient and cost-effective.
Argentinian energy firm and
Genesis Digital Assets have decided to use stranded gas to mine bitcoin. Meanwhile, Neo and Ontology Gas (ONG) price analysis for 2024 have also been tabled, offering future predictions for these coins.
Celo now supports the usage of Tether's USDT as gas currency and
TRON is developing a gas-free stablecoin that works on both Ethereum and Tron chains.
Ethereum co-founder Vitalik Buterin has proposed an overhaul of the Ethereum gas model. Notably,
PancakeSwap has implemented
Zyfi for gas-free DeFi trading.
Coinbase has also rolled out a smart wallet with no gas fees and simplified onboarding process. In a surprising defeat of expectations, a trader was ready to pay $113K in gas to obtain a token. At the other extreme, gas fees for Ethereum have hit an 8-month high due to the ERC-404 hype.
However, users shouldn't be too concerned; TRON has announced gas-free stablecoin transfers, and Justin Sun confirmed the development of a gas-free stablecoin solution. The developments have increased the speculation about cryptocurrency mining potential in Iraq and also in Pennsylvania where old gas wells are being used for bitcoin mining. Big changes are also coming to Ethereum's account abstraction, an effort to save on gas.
GAS Coin News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Tue, 10 Sep 2024 17:31:13 GMT -
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- Innovation 1
- Information 6
- Rumor 5
