Technology

At press time, gas fees on Ethereum were 47 gwei, and the estimated cost of an ERC-20 transfer was about $10.25. Lower than usual, yes, but still a difficult cost to justify for many users and developers. Luckily, there’s a growing answer to this problem – Ethereum rollups, or Layer 2 solutions that aim toContinue reading “As ConsenSys, Mastercard announce rollups, will gas fees roll out larger investors”

Do you remember the day you took the training wheels off your bicycle? Maybe you liked them well enough, but knew it was time to move on. Now, an Ethereum rollup – or a Layer 2 solution for scaling transactions – is ready to take the same step. Glass half full Optimism, an Ethereum VirtualContinue reading “Removing whitelist brings Optimism ‘one step closer to truly open, optimistic’ Ethereum”

Consider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to newContinue reading “Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022”

While you might be used to the adrenaline rush of a real life auction – or one in a movie – crypto auctions come with their own share of drama. Polkadot’s ongoing parachain slot auction is one example of this. Parallel goes straight up Parallel Finance announced that it had won the fourth parachain slotContinue reading “Parallel Finance wins fourth round of Polkadot parachain slot auctions”

As the day for SundaeSwap’s much anticipated public testnet launch on Cardano came and went on 5 December, enthusiastic users were greeted with… nothing! Instead, the decentralized exchange’s team informed its followers that the launch has been delayed due to previously unrecognized technical issues, and it should be expected to take place on 6 December,Continue reading “Much-awaited SundaeSwap public testnet launch postponed over technical snafu”

The crypto-market subjected itself to a major meltdown yesterday. The global crypto-market cap was down by more than 14%, while most large-cap coins ended up shedding 20%-30% of their respective values. Meta-coins were no exceptions. Even they collectively succumbed to the broader downtrend. However, at press time, most of the tokens from the aforementioned categoryContinue reading “Would the ‘contagious’ meta-trend aid GALA’s recovery”

Like a bride or a groom changing their mind before the fateful “I do,” the much-anticipated Polkadot Parachain Slot Auctions saw one applicant puling out early. Now, more details have emerged. Runaway DAO In its statement, SubDAO, a Polkadot-based DAO protocol announced, “Through discussion with the development team and prudent consideration, SubDAO Labs officially decided toContinue reading “Polkadot-based SubDAO pulls out of parachain slot auctions”

No great mind has ever existed without a touch of madness. Anonymity is the new fame, they say. Nothing ignites curiosity like a pseudonymous luminary with a secret identity. It’s a blessing in disguise. More so, because it helps people feel safe and protected under its veil. History is full of examples of people whoContinue reading “WBTC, WETH, and the question of relevance over time”

The crypto-verse has seen the launch of several new projects over the past few years. While a few have successfully managed to stay afloat, adapting to the changing dynamics and maintaining their relevance, the rest have merely perished with time. Skepticism associated with new technological trends is not new. For instance, NFTs were perceived asContinue reading “Ethereum Name Service: The A to Z of the .eth frenzy”