EIP-1559 is an Ethereum Improvement Proposal created to optimize the fee market system of the Ethereum blockchain. The EIP — activated in the London hard fork upgrade on Aug. 5th, 2021 — will change the way Ethereum gas fees are calculated and in doing so streamline transaction UX, improve ETH’s economics, and boost the security …
While the world was fixated on the outcome of the U.S. presidential race, the Ethereum Foundation announced its own groundbreaking moment. The Foundation published the deposit contract address for the Eth2 mainnet, marking the beginning of a new chapter for Ethereum. Eth2 will have a MIN_GENESIS_TIME of 1606824000 (or for those of you who don’t …
DeFi’s wild summer has brought a familiar problem back into focus: high gas fees. Gas prices shot up as high as 450 gwei in late August and early September. The yield farming craze, largely kicked off by YAM and YFI, culminated with hundreds of millions flowing into Sushiswap overnight. Uniswap topped Coinbase in daily volume …
Starting July 1st, 2020, use of ETH Gas Station’s API will require an API Key from DeFi Pulse Data. API users can acquire a key for free by simply signing up for a DeFi Pulse Data account. To make the transition as smooth as possible, accounts will be provided with ample credits initially. We understand and …
During Gitcoin Grants CLR matching rounds, you’ve probably seen mentions of small contributions getting matched by almost unbelievable amounts. You might be wondering: how is it possible that small donations can be matched by so much? So how does it all work? The answer to your question is quadratic funding. Written by Vitalik Buterin, Zoë Hitzig, and E. …
What is Account Abstraction? Currently, there are two types of accounts in Ethereum: Externally Owned Accounts (EOA) and Contract Accounts. EOAs are controlled by private keys whereas contract accounts are deployed EVM code stored in a smart contract sometimes referred to as smart wallets. Account abstraction attempts to reduce this down to just one Ethereum …
Difficulty bomb? Ice Age? Huh? The difficulty bomb refers to mechanism built into Ethereum that increases the difficulty of mining over time. Once activated, the difficulty bomb slows down block times ushering in what is sometimes referred to as Ethereum’s Ice Age. During this time, blocks become more and more difficult to mine, increasingly slowing …
Please be aware that ETH Gas Station’s API will soon become a part of DeFi Pulse Data. This means that existing API users will be required to acquire API keys by signing up for DeFi Pulse Data. Don’t worry, this change won’t immediately break your app. However, we highly encourage API users act sooner rather …
Optimistic Rollup is a layer 2 technology which scales Ethereum smart contracts and DApps up to 100 – 2000 transactions per second (TPS). Its major advantage over other solutions is the fact it enables turing-complete smart contracts on layer 2 using Optimistic Virtual Machine (OVM), reducing the cost of user transactions. There are two types …
Here’s a brief update on some of the events happening with the biggest gas spenders on the Ethereum network. Tether reclaimed #1 A month after its collapse, Fairwin finally fell off of the ETH25 Leaderboard. And so, Tether reclaimed the number one position – spending 2.21K ETH ($402K) in the last 30 days. USDT users …
A few years ago, traders had few options when it came to decentralized exchanges (DEXes) and the experience was often lacking. But as you know, things change quickly in the Ethereum ecosystem. With the rise of DeFi, DEXes have become the go-to choice for many traders in the Ethereum community. Improving UX/UI has been key …
When someone mentions “staking ETH when Ethereum 2.0 comes,” they’re talking about the Ethereum network’s upcoming transition to Proof of Stake (PoS). This upgrade, often referred to as Ethereum 2.0, will swap out Proof of Work (PoW) miners for validators locking in ETH deposits to validate blocks and earn block rewards. Proof of Work in …
