Why the increased value of transactions on the network Ethereum?
Source:RA last week cost "gas" required for transactions in Ethereum network, has doubled. The cause of network problems was the growing popularity of the decentralized games. It is reported .
theDecentralized gaming applications slow down the network
Ethereum Platform enables developers to create decentralized apps, including games. The most striking example was their CryptoKitties in December last year. Players breed cats and sell them. Sometimes it's a good deal — at least 100 thousand dollars.
Looks Like network issues came back due to the new decentralized games. According Dapp Insight, in the last 24 hours they have carried out transactions amounting to more than 10 000 ETH. Transaction required more than 14 million units of "strip", which resulted in the increase of the amount of Commission. Now the average Commission in the network of Ethereum is about 0.6 of the dollar. This is three times more than it was two months ago.
The Main culprits — and .
Problems Ethereum
Decentralized game is supposedly innocent fun. But for developers of Ethereum is a major cause for concern since app significantly slows down the network.
If the virtual shrimp significantly increase fees, the larger the decentralized application will be able to completely stop network. Hopefully, sharding and Plasma will be able to solve the problem of scalability of Ethereum.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
The Pentagon will not test applicants for the presence of crypto-currencies
early In the week, investor and head of Foundstat, That's why Bitcoin has not grown during the crypto conference Consensus 2018. One of the reasons was the lack of certainty regarding the status of the digital money from regulator...
Fraud cryptocurrency is not the main problem States
Australian Commission on competition and consumer protection (ACCC) has released its annual report on fraud in the economic sphere of the country. As reported , lies with the bitcoin constitute less than one percent of the total n...
Ashton Kutcher donated $ 4 million in Ripple charitable Foundation Ellen DeGeneres
While the majority of investors is the pursuit of profit, other enthusiasts are using cryptocurrencies as a means to save the world. As reported , the American actor Ashton Kutcher has donated $ 4 million in cryptocurrency Ripple ...
How can the head of the investment firm compares Bitcoin and tulips
the Chief economist of the world's largest investment companies in the nines smashed cryptocurrency in the news column of the investment Fund ETF.com. Joe Davis, chief economist and Director of development Vanguard Investment Stra...
Banker Neil Kashari: Bitcoin because of Scam has become a farce
In mid-April, Nobel laureate in Economics Robert Shiller Bitcoin, calling it a bubble that will soon burst. However cryptocracy works "enough smart people" that it would continue to exist and develop, he added. President of the Fe...
The London mosque will begin to accept donations in bitcoin
Mosque Sequell lane, also known as Majeed Ramadan, announced the acceptance of donations in the cryptocurrency. Such a bold move to make Islamic Church the first religious organization taking the crypt, according to the portal . t...
Six undervalued cryptocurrency that can take off in 2018
the Rules of the game for the majority of investors and traders in Cryptoprotected simple and complex at the same time: to find a hidden treasure in the form of a project that will bring 10, 20 or 100 times the profit (or as they ...
Wit: Ukrainian police found at work mining farm and mined coins
In early April, the Ministry of interior with support of fighters of Regardie secret mining farm. The coins were produced in the Orenburg region on the territory of an abandoned factory. Found 6 thousand ASIC miners cost at least ...
Yesterday the state Duma in the first reading the draft law "On digital of financial assets". Under its current regulations, users will be able to buy and sell cryptocurrency in special exchange offices. They will create a digital...
Deputy Finance Minister commented on the theme of fraudulent ICO and remembered Ostap Bender
on Monday, WSJ journalists the results of the study. According to the report, 20 percent of the ICO from the beginning of 2017 arouse suspicion. Some corny copy data to other projects and give them their own. Now the topic was com...
John McAfee is confident in the rapid growth of Bitcoin
the Infamous expert in Internet safety announced the imminent arrival of the bulls on the cryptocurrency market. As the portal , McAfee is not the first time predicts the rapid growth of Bitcoin prices. He also informed the public...
Bitcoin fell below $ 8,000. Expert commentary
Today's top world of cryptocurrencies is painted red. Bitcoin dipped to 5.5 percent, while the leaders of the race in the top ten steel Bitcoin Cash, EOS and Cardano. Each of these coins sank more than 11 percent. The situation wa...
Yesterday, sources on the possible use of crypto-currencies Iran and Russia. The purpose of cooperation is to bypass the us sanctions. According to reports, the development of proposals for the use of coins are already doing. Now ...
Walmart is considering the use of the blockchain in the retail trade
a New patent application from giant retail sales Walmart describes the application of blockchain technology to improve customer service. Published last Thursday by the US Patent office document basically describes the registry on ...
CFO of PayPal: we will start using Bitcoin when it will be the best currency
last week PayPal CFO John Rainey that payment systems are not interested in bitcoin because of high volatility of the coins. Now he's clarified his position. Rukovoditel said that PayPal does not see a big interest in the cryptoc...
Argentine Bank will launch cross-border payments using Bitcoin
Bitcoin is the best alternative to the system of interbank transfers SWIFT. About it in the may report German online Bank Bitbond. The same opinion is shared by the government of Argentina — the country will soon launch a system o...
U.S. authorities detained a canadian trader for the laundering of money through cryptocurrency
In late March, the largest Bank in Canada, Bank of Montreal, to block customer transactions with cryptocurrency. Under the restrictions were buying and selling coins, but the Bank representative explained that the new rules impose...
Cryptologist celebrates pizza Day. Today they would have paid 82 million dollars
Users of cryptocurrency around the world celebrate one of the key events in the history of the industry is Pizza Day. Eight years ago, the Bitcoin was first used to buy real goods, namely two pizzas. The buyer was American Laszlo ...
Four reasons for the volatility of Bitcoin prices
Bitcoin Price is like riding on a roller coaster. This was especially noticeable in late 2017 and early 2018. Why are so volatile the price of the main digital currency? Considered in the article four main reasons for this. the Wh...
What will happen with the top cryptocurrencies. Version of the African branch of CNBC
African branch of CNBC shared his opinion about the four top cryptocurrencies. Cryptocurrencies are popular around the world, from USA to Zimbabwe. And this is one of the most growing industries in the world. Was no exception and ...
Comments (0)
This article has no comment, be the first!