Several recent updates on the cryptocurrency market reflect a strong focus on transaction fees, commonly referred to as
gas fees. The most highlighted news is the proposition by
Vitalik Buterin, Co-Founder of Ethereum, suggesting the imposition of
a gas cap to enhance the network's security and stability. The proposal has led to a spike in
GAS Coin, following the Neo Bond Program and the trending wallet presale. Ethereum Validators are also advocating for an increase in the gas limit, a decision echoing well with ETH expected to touch $3,500. Amid the surge in gas fees due to memecoins' transactions, BNB Chain has decided to prioritize them. Besides these updates, Ethereum's scalability is being enhanced as its TPS, and the gas limit increases, with the developers navigating towards a 45M target. Given the gas fee complications, efforts are being made to lower gas fees, further contributing to the price drops in Ethereum's average gas fees.
Tron (TRX) is also setting measures to eliminate gas fees for USDT transactions. Some peculiar updates include an Argentinian energy company planning to mine Bitcoin using stranded gas and the rise of 'Fartcoin', a gas joke coin that appears to be crashing.
GAS Coin News Analytics from Mon, 07 Aug 2017 19:29:39 GMT to Sun, 31 Aug 2025 07:00:00 GMT -
Rating 7
- Innovation -4
- Information 6
- Rumor 2
