Devs turn to the community to stop Ethereum's high fees
Crypto

Devs turn to the community to stop Ethereum's high fees

Progress toward battling excessive Ethereum transaction fees has hit a snag. Now, developers are turning to the community to drum up extra funding. A community fund on open-source developer network Gitcoin will finance bug bounties and incentivization for testnet participation for Ethereum improvement proposal (EIP) 1559.  EIP 1559 aims to solve issues with the current […]

DeFi Effect: Scaling Debate Begins as Ethereum Fees Reach Two-Year Highs
Crypto

DeFi Effect: Scaling Debate Begins as Ethereum Fees Reach Two-Year Highs

Ethereum has seen a decentralized finance craze over recent weeks. Due to innovation, high returns on investments, and other attractive characteristics, DeFi has gone parabolic. Data from DeFiPulse shows that the value of cryptocurrency locked in blockchain finance applications has reached $1.6 billion. This is Simultaneously, DeFi-related tokens like Compound’s COMP and Balancer’s BAL have […]