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Ethereum validators are increasingly backing a proposal to raise the network's gas limit to 36 million, which could reduce transaction fees by up to 33%. Core developers argue that this change would enhance the network's capacity for high-demand applications, although concerns about stability and security remain. Currently, ETH is priced at $3,598.54.
Support for increasing Ethereum's gas limit has surged to 10% among validators, up from just over 1% prior to December. Advocates argue that raising the limit to 36 million or even 40 million could reduce transaction fees by 15% to 33%, benefiting developers and users alike. However, caution is advised, as excessive increases may threaten network stability and decentralization.
INTMAX has launched the world's first stateless Layer 2 payment solution on Ethereum, featuring a public testnet that supports global-scale transactions with fees below 0.5 cents. Utilizing advanced zk-Rollup technology, the platform enhances privacy and scalability, addressing long-standing blockchain adoption challenges, particularly in underserved markets. With strategic partnerships across Latin America, Africa, and Japan, INTMAX aims to bridge traditional finance and blockchain technology, fostering global cryptocurrency adoption.
INTMAX has launched the world's first stateless Layer 2 payment solution on Ethereum, featuring a public testnet that supports global-scale transactions with sub-cent fees and strong privacy. Utilizing advanced zk-Rollup technology, the platform aims to enhance Ethereum's payment infrastructure while addressing challenges in underserved markets. With strategic partnerships across Latin America, Africa, and Japan, INTMAX is positioned to drive cryptocurrency adoption and bridge traditional finance with blockchain technology.
Max Resnick, a notable Ethereum researcher, has joined Solana's core development studio, Anza, citing Solana's potential and frustration with Ethereum's slow adaptation. He criticized Ethereum's rigid culture and decision-making processes, suggesting the need for rapid changes to remain competitive. Meanwhile, the Pudgy Penguins NFT series announced a new token, PENGU, to be launched on Solana, further highlighting the growing appeal of Solana over Ethereum.
Ethereum faces increasing competition from Solana, highlighted by developer Max Resnick's departure to Solana due to frustrations with Ethereum's slow adaptation and internal politics. The launch of the Pudgy Penguins token on Solana further underscores this shift, raising concerns among Ethereum supporters about the platform's future viability. Resnick's move reflects a growing sentiment among developers seeking a more agile environment for innovation.
Max Resnick, a prominent Ethereum researcher known for his contrarian views, has joined Solana's core development team at Anza. His move, encouraged by Solana co-founder Anatoly Yakovenko, is seen as a significant win for Solana, as Resnick aims to innovate by introducing multiple leaders to the protocol, enhancing its economic efficiency. He plans to focus on fee markets and consensus during his initial days at Anza, highlighting a cultural difference between Solana and Ethereum regarding openness to unconventional ideas.
Justin Drake
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ethereum validators advocate for significant gas limit increase to reduce fees
17:10 19.12.2024
ethereum validators support gas limit increase to enhance transaction efficiency
12:16 19.12.2024
INTMAX launches innovative stateless layer 2 payment solution on Ethereum
15:47 16.12.2024
INTMAX unveils innovative stateless layer 2 payment solution on Ethereum
15:47 16.12.2024
Ethereum researcher joins Solana citing frustration with Ethereum's slow progress
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01:00 10.12.2024
ethereum faces competition as developer shifts to solana amid frustrations
23:18 09.12.2024
ethereum researcher max resnick joins solana core development team at anza
22:30 09.12.2024
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