, the native cryptocurrency of the Ethereum blockchain, was little changed in the wake of the upgrade. Over the past 24 hours, the ETH price was down 0.5% to $3,968. The cryptocurrency had rallied about 50% over the past month, in sync with the 49% rise over the same time period in the benchmarka new place for storing data
The upgrade, considered to be Ethereum's biggest in almost a year, has been viewed as a crucial moment in the blockchain's history, ushering in a new era for tackling Ethereum’s notoriously high transaction fees, and could touch off a race among the biggest layer-2 networks to take advantage of the changes in scaling the blockchain.
Every ecosystem will end up deciding how they go about pricing these transaction fees, said Steven Goldfeder, the co-founder of Offchain Labs, the primary developer behind the Arbitrum Network, the largest Ethereum layer-2, based on the crucial metric of
Source: Digital Coin News (digitalcoinnews.net)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »