
Bitcoin and Ethereum users are experiencing exceptionally low fees, but why?
Bitcoin and Ethereum users who need to move their funds around can take advantage of low fees in both ecosystems.
The average Bitcoin (BTC) transaction fee hit an eight-month low of $1.93 on June 23. Average Ethereum fees were $0.70 on June 22, comparing favorably to highs of $2.50 as recently as March.
Vitali Dervoed, CEO and co-founder of the onchain decentralized exchange Spark, told Cointelegraph:
Block times can also be adjusted as desired. The root mainnet shard features an average block time of just two seconds.
Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
At Zilliqa 2.0’s core is its sharding architecture, called x-shards. This feature allows businesses and developers to create customized blockchain experiences tailored to their needs, enabling users to build whatever they envision on the Zilliqa platform.