High Ethereum gas fees have been among the hottest topics in the crypto space for a while now. It is the cost a user pays to perform any transaction: sending tokens, purchasing NFTs, and generally interacting with the myriad of […]
Why Ethereum’s Gas Fees are Still High: A Deep Dive Read More »
Ethereum is one of the most popular and widely used blockchain platforms today. From decentralized finance (DeFi) to non-fungible tokens (NFTs), the Ethereum network hosts countless applications. However, Ethereum’s popularity comes with challenges, especially when it comes to scalability. As
Layer 2 Solutions: Scaling Ethereum for Mass Adoption Read More »
Gas fees, a common term in blockchain, refers to the charges users pay to network validators for performing functions on the blockchain. Validators ensure accurate transactions and protocol maintenance, incentivized by these fees. Source: Coinbackyard Key Takeaways• Definition and Variability:
Decentralized finance (DeFi) refers to a new financial system that uses blockchain technology to automate and decentralize financial transactions. This system is based on the idea of smart contracts, which are self-executing contracts that can be used to create a
