fees

Optimizations to Polygon zkEVM expected to slash fees by 20%

0xMain
May 23, 2023

expected, fees, Hacking, Optimizations, Polygon, slash, zkEVM

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon zkEVM, a layer-2 scaling solution, will undergo optimizations in the following weeks, drastically reducing costs by about 20%, even without data compression. This change should make the platform...

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Rhodium allegedly responsible for $26m in unpaid fees

0xMain
May 14, 2023

26m, allegedly, fees, Hacking, responsible, Rhodium, unpaid

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Riot Platforms, a company that mined cryptocurrencies and was previously known as Riot Blockchain, has filed a lawsuit against Rhodium Enterprises, a bitcoin miner headquartered in Texas. It attempts to collect...

Trader pays almost $120k in ETH as transaction fees rise

0xMain
May 9, 2023

120k, ETH, fees, Hacking, pays, rise, Trader, transaction

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Gas fees on the Ethereum network seem to be high again after a trader paid 64 ETH, worth around $120,000, for a single transaction. 64 ETH for one transaction ...

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Ethereum gas fees spike to a one-year high amidst PEPE craze

0xMain
May 5, 2023

craze, Ethereum)?, fees, gas, Hacking, high, oneyear, Pepe, spike

On-chain data shows 31,700 ethereum (ETH) have been burned in the last week. The spike is due to the latest mania over pepecoin (PEPE). This development has pushed Ethereum’s transaction costs even higher. At the beginning of this week, the daily median gas...

Bitcoin miner revenue from fees declines amid a drop from $30k

0xMain
April 19, 2023

30K, Bitcoin, declines, drop, fees, Hacking, miner, revenue

Bitcoin (BTC) miners are witnessing a significant decline in revenue generated from transaction fees amid the asset’s drop from the highly-coveted $30,000 price point. This metric suggests that market participants are paying fewer transaction fees on the bitcoin network. The percentage of miners’...

Ethereum generates $743m in fees over 6 months, outpaces rivals and bitcoin

0xMain
April 11, 2023

743m, Bitcoin, Ethereum)?, fees, generates, Hacking, months, outpaces, rivals

Ethereum (ETH) continues to be the top dog when it comes to generating fees in the blockchain world, signaling its unwavering adoption and growth. In an April 10 report, blockchain data firm Token Terminal revealed that Ethereum generated more than double the fees...

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DCG’s mining subsidiary to introduce access fees

0xMain
April 7, 2023

access, DCGs, fees, Hacking, introduce, mining, subsidiary

Bitcoin (BTC) mining pool Foundry USA has reportedly notified its users of its plans to introduce service access fees. Its parent firm, Digital Currency Group, is one of the entities hit hard by Sam Bankman-Fried’s FTX collapse. Foundry USA, a leading New York-based...

BAYC clones rise as BTC ordinals fees spike

0xMain
March 24, 2023

BAYC, BTC, clones, fees, Hacking, ordinals, rise, spike

As a result of the increased interest in digital collectibles sparked by replicas of a top NFT line, the total number of bitcoin ordinals has already surpassed 550,000. According to a study published by Dune Analytics, the total daily transaction costs for minting...