Search Results for: scaling network

A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen

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The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to…

Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows

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Ta teden, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing…

Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues

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Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a…

Bitcoin Cash Smart Contracts ‘Comparable to Those on Ethereum’ Possible via May Upgrade, ‘1000x Efficiency Advantage’: Dev Jason Dreyzehner

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Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date —…

Ethereum Network Fees Surge 153% v 30 Dnevi, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade

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Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 dnevi, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current…

Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

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The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 milijarde, and coins will be airdropped…

Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base

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The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively…

Starkware načrtuje odprtokodno ključno tehnologijo, povezano s Starknet Prover

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Na Starkware Sessions 2023 dogodek, potekala v gledališču Cameri v Tel Avivu, Izrael, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. Med prireditvijo, the co-founder…

Optimism načrtuje izboljšanje omrežja L2 Scaling z nadgradnjo 'Bedrock' marca

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The Ethereum scaling network Optimism, which operates as a layer two (L2) omrežje, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM)….

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count

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Since The Merge, Ethereum’s onchain fees have been considerably lower. Vendar, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. V soboto, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined…