Ethereum is faced with the issue of high gas fees, but recent reports suggest a proposed
16.7 million gas cap by founder Vitalik Buterin, which might help control transaction bloating. However, this has also raised concerns about Ethereum's security and stability. Some Ethereum devs are testing a
4-times increase in the gas limit for the forthcoming Fusak hard fork, while others are testing methods to
reduce gas fees. In the same vein, Justin Sun seeks to provide a
gas-free stablecoin solution for the Tron and Ethereum networks, while Tron plans to introduce
gas-free transactions for USDT.
In addition, cryptocurrency mining applying waste energy is gaining traction. UK's
Union Jack Oil plans to convert stranded gas to Bitcoin, and AgriFORCE powers
120 crypto miners with natural gas. Similarly, the idea of
Bitcoin Mining with methane gas is being tested by Marathon. Furthermore, in the expanding cryptosphere,
Memecoins continue to gain traction despite high gas fees. Illustratively, the BNB Chain will prioritize memecoin transactions, prompting a
gas fee surge by 400%.
GAS Coin News Analytics from Mon, 07 Aug 2017 19:29:39 GMT to Mon, 18 Aug 2025 07:00:00 GMT -
Rating -4
- Innovation -6
- Information 5
- Rumor -7
