Gas

Vitalik promises another x10 for Ethereum! We hope that this time, the crypto soufflé won't fall flat before it has filled wallets and calmed the skeptics.

As Ethereum goes through a period of economic weakness, two members of its community, Kevin Owocki and Devansh Mehta, have just proposed an innovative reform to invigorate its application ecosystem. Their idea: to introduce a dynamic fee structure aimed at better balancing developers' revenues and fairness for users.

Bitcoin and Ethereum users can finally breathe easy: transaction costs on the two main blockchains have dropped by more than 90% compared to the previous year. This major change reflects a calming of network activity, but also a notable improvement in operational efficiency.

On June 30, 2024, a historic turning point was reached for Ethereum: the network recorded its lowest gas fees since 2016, news that reverberates like an earthquake in the crypto ecosystem. This unexpected phenomenon comes in a context of high transactional activity, redefining the economic dynamics of the world's second-largest blockchain. Why this dramatic drop in gas fees and what are the implications for the future of Ethereum and the crypto sector as a whole?

Europe is on the verge of disrupting the global energy balance. Seeking to end its dependence on Russian gas, it is turning to the United States and Norway to meet its energy needs. This strategic decision, motivated by geopolitical and economic considerations, could redefine international relations and profoundly affect the BRICS alliance, of which Russia is a key member. In a context where energy issues are more crucial than ever, the evolution of this situation deserves particular attention.

Ethereum shows spectacular growth in the first quarter of 2024, tripling its profits and earning $1.2 billion in revenue from transaction fees. The network appears to be thriving despite high usage costs for crypto users.