Warning: Illegal string offset 'symbol' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 114

Warning: Illegal string offset 'name' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 115

Warning: Illegal string offset 'price_btc' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Illegal string offset 'price_btc' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Division by zero in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 117

Warning: Illegal string offset 'rank' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 130

Warning: Illegal string offset 'market_cap_usd' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'market_cap_usd' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'percent_change_1h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_1h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_24h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_24h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_7d' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'percent_change_7d' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'available_supply' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 137

Warning: Illegal string offset 'max_supply' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 138

Warning: Illegal string offset 'symbol' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 114

Warning: Illegal string offset 'name' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 115

Warning: Illegal string offset 'price_btc' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Illegal string offset 'price_btc' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Division by zero in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 117

Warning: Illegal string offset 'rank' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 130

Warning: Illegal string offset 'market_cap_usd' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'market_cap_usd' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'percent_change_1h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_1h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_24h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_24h' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_7d' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'percent_change_7d' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'available_supply' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 137

Warning: Illegal string offset 'max_supply' in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 138

Warning: Cannot modify header information - headers already sent by (output started at /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/plugins/virtual_coin_widgets/includes/data.php:114) in /homepages/38/d758579568/htdocs/clickandbuilds/MagicCryptocurrency/wp-content/themes/crypterio/inc/extras.php on line 1111
Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level – Magic Cryptocurrency

Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level

Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level

Blockchain Ethereum Fees
September 19, 2019 by magiccryptocurrency
66
Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion. Gas limit on course to become 10 million per block As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees.  “Given the current #Ethereum network
Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level



Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion.

Gas limit on course to become 10 million per block

As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees. 

“Given the current #Ethereum network congestion we have started to test raising the block gas limit to 10M gas,” mining pool Bitfly tweeted on Sept. 14.

The move follows considerable upticks in Ethereum network usage, largely due to stablecoin Tether (USDT), which has shifted its reliance from Bitcoin via the Omni Layer to the Ethereum blockchain.

According to research data from monitoring resource Coin Metrics, as of Sept. 15, Ethereum users paid almost as much in daily transaction fees as Bitcoin users: $182,899 versus $185,993, respectively. 

Since Sept. 1, the average Ethereum transaction fee has increased from just over $0.11 to just under $0.39, data from Bitinfocharts shows.

Ether benefits before Bitcoin break

Gas is the token, which Ethereum users pay for performing any operation on the network. A shift to 10 million gas per block is considerable, and would translate to a total capacity increase of 25%. 

News of the changes appeared to buoy market of Ethereum’s native token, Ether (ETH), which earlier this week put in solid gains as other cryptocurrencies tracked sideways. 

A sudden dip in Bitcoin (BTC) subsequently sent altcoin markets lower, ETH/USD still holding onto support above $200 at press time.





Source link