Optimistic Rollup is a layer 2 technology which scales Ethereum smart contracts and DApps up to 100 – 2000 transactions per second (TPS). Its major advantage over other solutions is the fact it enables turing-complete smart contracts on layer 2 using Optimistic Virtual Machine (OVM), reducing the cost of user transactions. There are two types …
Here’s a brief update on some of the events happening with the biggest gas spenders on the Ethereum network. Tether reclaimed #1 A month after its collapse, Fairwin finally fell off of the ETH25 Leaderboard. And so, Tether reclaimed the number one position – spending 2.21K ETH ($402K) in the last 30 days. USDT users …
A few years ago, traders had few options when it came to decentralized exchanges (DEXes) and the experience was often lacking. But as you know, things change quickly in the Ethereum ecosystem. With the rise of DeFi, DEXes have become the go-to choice for many traders in the Ethereum community. Improving UX/UI has been key …
When someone mentions “staking ETH when Ethereum 2.0 comes,” they’re talking about the Ethereum network’s upcoming transition to Proof of Stake (PoS). This upgrade, often referred to as Ethereum 2.0, will swap out Proof of Work (PoW) miners for validators locking in ETH deposits to validate blocks and earn block rewards. Proof of Work in …
Life comes at you fast. If you’re anything like me, it feels like there aren’t enough hours in the day. You wake up, try and catch up on emails, and hopefully you’re able to grab some coffee before starting your work day. And then, while you’re at work you have to manage your time wisely …
The Ethereum ecosystem’s buzzing with energy from the rapid growth of decentralized finance or DeFi. But, did you know that behind many of the popular products and services built on Ethereum stands a DAO? That’s right. The vast majority of protocols in the $473M DeFi market either are run by one, plan to implement one, or …
The truth is: there is no maximum Ethereum block size. While Bitcoin has a fixed block size of 1 mb, Ethereum’s block size varies. What determines Ethereum block size? Instead of a fixed limit, Ethereum block size is bound by how many units of gas can be spent per block. This limit is known as the …
When the Ethereum network begins to feel a bit congested, it’s not uncommon to see terms like gas limit and uncle rate thrown around. They appear in discussions centered around raising Ethereum’s block gas limit per block (not to be confused with the gas limit you set when sending a transaction). This limit restricts the …
If you’ve ever sent a transaction on the Ethereum blockchain, you’re familiar with the concept of paying gas. The gas you pay covers the cost of computing your transaction. But, there’s no way to predetermine how much computation is required. And, that’s why you need to enter a gas limit for your transactions. Gas consists …
ENS stands for the Ethereum Name Service, a service that creates human-readable names for Ethereum addresses and other content. For example, you could send Ether (ETH) to Alice’s Ethereum address by entering her ENS domain alice.eth as the recipient. How does ENS work? It’s a lot like how when you want to visit a website. You don’t …
Coinbase made headlines recently with its use of CREATE2 and minimal proxy contracts to improve their non-custodial commercial payments system. But if you’re like me, you probably came away with a very loose grasp of CREATE2. So, let’s break down exactly what it is and what it does. What is CREATE2? CREATE2 is an upgrade to …
Back in the day, you only had a couple of choices when it came to choosing which decentralized exchange (DEX) to use. But, nowadays it feels like there is a new DEX launching every month. At face value, this seems like a good thing for users because there are more options. And while this isn’t …
