Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

March 9, 2024 Bitcoin.com

bitcoin.com

Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […]

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Starknet to hand 10% of network fees to devs, with $3.5M in first distribution

December 12, 2023 Coin Telegraph

Starknet to hand 10% of network fees to devs, with .5M in first distribution

Coin Telegraph

The Devonomics initiative from the Starknet Foundation aims to return a portion of network fees to incentivize developers.

Layer-2 network StarkWare and the Starknet Foundation are set to distribute a 10% cut of network fees to developers, a part of a pilot program called “Devonomics.”

In an announcement shared with Cointelegraph on Dec. 12, StarkWare CEO Uri Kolodny said it was allocating a portion of the network fees, provisionally 8%, to decentralized app builders and 2% to infrastructure engineers and core developers through a transparent and open voting process.

“It’s all about giving the hands-on builders a strong voice in shaping the network,” explained Kolodny.

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Polygon (MATIC) Founder Predicts Future of Ethereum Ecosystem, Names Catalyst for Next 1,000,000,000 New Users

July 27, 2023 The Daily Hodl

Altcoins

Polygon (MATIC) co-founder Sandeep Nailwal thinks his project could represent “the endgame” in terms of infrastructure for the Ethereum (ETH) ecosystem. in a new interview on the Bankless podcast, Naiwal says that his project’s transition to Polygon 2.0 doesn’t require any research at this point, just engineering optimization. “I think the Polygon 2.0 vision actually […]

The post Polygon (MATIC) Founder Predicts Future of Ethereum Ecosystem, Names Catalyst for Next 1,000,000,000 New Users appeared first on The Daily Hodl.

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Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

March 25, 2023 Bitcoin.com

addresses

Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the […]

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ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

March 23, 2023 Bitcoin.com

Airdrop

A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn […]

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

March 17, 2023 Bitcoin.com

Airdrop

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 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, […]

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Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents

March 6, 2023 Bitcoin.com

Alexei Zamyatin

The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being […]

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Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base

February 24, 2023 Bitcoin.com

Arbitrum

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 decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy […]

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Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

February 23, 2023 Bitcoin.com

Arbitrum

According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary […]

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Starkware Plans to Open Source Key Tech Linked to Starknet Prover

February 6, 2023 Bitcoin.com

Alchemy

At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling […]

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