Bitcoin-Miner Canaan is converting flared gas into computing power in Canada, similar to a new bitcoin mine in Alaska being planned that would utilize as much power as the state's largest coal plant.
Union Jack Oil and others are also turning to gas for cryptocurrency mining.
Ethereum, another popular cryptocurrency, is undergoing changes to its gas usage rules, as Vitalik Buterin has proposed a cap on gas to limit transaction bloat. In related news,
Ethereum validators have signaled an intention to raise their gas limit. However, meme coins on the BNB Chain are currently causing a massive surge in gas fees, despite attempts to prioritize transactions and reduce fees. A gas station owner recently discovered a $3.1 million coin in his cash register.
Circle is launching a Layer 1 blockchain called Arc, which uses USDC as its native gas token. Gas fees continue to be a hot topic in the crypto space with companies like D’CENT Wallet launching
GasPass for easier handling of gas fee transactions and others like Trust Wallet introducing new features like FlexGas. Continuing on this trend, a new altcoin called
Myria Coin promises zero gas for gaming. Despite recent highs and lows, the use of gas in various ways in the cryptocurrency industry continues to evolve.
GAS Coin News Analytics from Mon, 07 Aug 2017 19:29:39 GMT to Sat, 18 Oct 2025 07:00:00 GMT -
Rating 2
- Innovation -5
- Information 7
- Rumor -6
