⇘ GAS Coin: Striding Towards A Low-Cost Future In Cryptocurrency Transactions
The various news updates bring to light the growing momentum in the cryptocurrency industry, particularly surrounding the concept of gas fees ....
Recently, it came to light that the US is targeting $7.1M in digital assets from a fraudulent oil and gas operation. On the other hand, Ethereum validators are contemplating increasing the Gas Limit to 45M to accommodate a rise in transaction volumes, an initiative backed by vitalik Buterin's proposal for a 16.7M gas cap to enhance transaction efficiency.
Fleet owners have reportedly saved 18% through Gas Coin payment platforms, providing positive indications for the coin. Meanwhile, speculative whale activity points to Ethereum touching a $3,500 cap, triggered by the addition of a gas cap.
In terms of energy sourcing, the mining sector provides evidence of growing usage of natural gas, with Agriforce running 120 crypto miners on it. A remarkable event witnessed includes the tokenization of a $75M oil and gas deal in Latin America.
Meanwhile, within the Ethereum ecosystem, a significant decrease in average gas fees was recorded, year-on-year, around 95%, post the Dencun upgrade.
Lastly, the rise of meme coins has led to a drastic 400% surge in gas fees on the BNB Chain, leading to a significant update. Nevertheless, Ethereum is planning a 100x gas limit increase over the next four years, which could massively boost its transaction capacity.
GAS Coin News Analytics from Mon, 07 Aug 2017 19:29:39 GMT to Wed, 23 Jul 2025 06:36:03 GMT - Rating 3 - Innovation 4 - Information 5 - Rumor 6
