gas fees

Global Innovation Leader at Ernst & Young Paul Brody discusses his CoinDesk article titled “2022 Is the Year of Ethereum,” offering insights into why Ethereum will become the dominant blockchain ecosystem. Brody explains how layer 2 solutions like Polygon resolve the issue of Ethereum’s gas fees and gives his perspective on competing projects like Solana and Cosmos.

Jan 7, 2022

CoinDesk Research Associate George Kaloudis joins the “First Mover” panel to discuss the 2021 CoinDesk Annual Report. Topics include the decline of bitcoin dominance, Ethereum gas fees triggering the rise of scaling-focused altcoins like Polygon and Solana, and how El Salvador’s legalization of bitcoin impacted the crypto market. Plus, a look into the future of bitcoin mining as Kazakhstan, the country that became second only to the US in bitcoin mining hashrate, is suffering the worst protests in 30 years and internet blackouts.

Jan 6, 2022

John Wu, President of Ava Labs, best known for building the “layer 1” Avalanche blockchain, discusses the outlook for layer 1 tokens and the wider crypto markets. This comes as gas fees on “layer 2” solution Ethereum remain near all-time highs. Meanwhile, Ava Labs has been chosen for Mastercard’s Crypto Accelerator Program.

Dec 9, 2021

Ethereum miners are not happy about EIP 1559, a planned fee-structure overhaul mechanism meant to correct sky-high gas fees. Ethereum miners are making efforts to hold up the network, causing developers to push for a faster timeline for launching Ethereum 2.0.

Mar 15, 2021

An Ethereum proposal called EIP 1559 will result in a major update to address rising transaction fees. "The Hash" panel discusses why Ethereum miners and developers are at odds over this and whether or not the plan will actually make gas fees more affordable.

Mar 5, 2021

Ethereum transaction fees, called "gas fees," have been rising along with ETH's value, hitting an all-time-high. "The Hash" team discusses what spillover impact this is having on DeFi products.

Feb 22, 2021