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“# 1inch announces deployment to Optimism’s layer-2 solution ” Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction…
“# Uniswap has now generated more than $1B in fees for liquidity providers ” Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers. On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter…
“#Grubhub ditches controversial phone ordering system” Grubhub is doing away with a controversial phone ordering system that had restaurants across the nation paying the app commissions for orders that never took place, The Post has learned. Starting Aug. 23, the food delivery and ordering company will be using call centers with actual customer service reps…
“# Ethereum London hard fork goes live ” The London hard fork arrived almost on schedule at 12:33 pm UTC on Thursday at block height 12,965,000, ushering in the Ethereum Improvement Proposal (EIP) 1559. With the upgrade triggered, Ethereum will now undergo a significant overhaul of the network’s transaction fee market and other parameters such as…
“# Ethereum’s London hard fork expected to arrive on Thursday, ushering in EIP-1559 ” Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org. “The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000,” Ethereum.org reads. “It will introduce EIP-1559, which reforms the…
“# Cats cause chaos on Ethereum again as Mila Kunis project sells out in 35 minutes ” Tokenized cats have once again caused chaos on the Ethereum network after an NFT project from actress Mila Kunis sold out in 35 minutes. It echoes the launch of another cat-based NFT project CryptoKitties, which famously gummed up…
“# Bitcoin falls to sixth for daily revenue, with just 12% of Ethereum’s fees ” Ethereum appears to be extending its fee dominance over Bitcoin by roughly 10 times, with Bitcoin currently ranking just sixth by weekly fee generation. According to CryptoFees’ data for July 18, the Bitcoin network had generated $725.7 million in daily…
“# Bitcoin mining difficulty drops for fourth time in a row ” Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to…
“# 3 reasons why Constellation (DAG) price outperformed most altcoins this week ” The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One…
“# EY publishes Ethereum scaling solution to the public domain ” EY’s attempts to promote secure, private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3. The company announced the news via a release on July 1 stating that Nightfall 3 combined ZK proofs with optimistic rollup — ZK-Optimistic…