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Crypto De Nostradame
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💫 The number of daily transactions on the Arbitrum network doubled to over 2 million.
💫 The number of daily transactions on the Arbitrum network doubled to over 2 million.
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📢 Breaking News 🔸️On May 9, an outflow of $11.2 million was recorded in spot Bitcoin ETFs. 🔸️Grayscale saw an outflow of $43.5 million, while BlackRock reported an inflow of $14.1 million. 🔸️Cryptocurrency market overview | 10 May 🟢 Market cap: $2.45 trillion (+2.69%) 🟢 BTC dominance: 50.80% (+0.27%) ⚡️ Fear and Greed Index: 66 (greed)
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Vitalik Buterin Made His Move for Ethereum! Everything Can Change! In his latest article published on his personal blog, Buterin introduced the concept of 'Multidimensional Gas Pricing', which aims to transform the management of network resources as an improvement proposal to solve the fundamental problems facing the Ethereum network. In his latest improvement proposal, Buterin believes that by pricing different resources separately, the efficiency and scalability of the Ethereum network can be increased and the groundwork can be prepared for a stronger and more sustainable network infrastructure. Currently, Ethereum offers a simplified approach to resource pricing by combining all resources into a single gas size, but Buterin emphasized that this needs to be changed, noting the inefficiencies inherent in this method that lead to significant efficiency losses. To solve this problem, Ethereum's co-founder introduced EIP-4844, a groundbreaking improvement proposal that will bring multidimensional gas pricing to the network for the first time. This improvement proposal calls for the addition of a new blob data space to the #Ethereum network, which reduces aggregation costs and increases transaction throughput. Buterin also pointed out the problems caused by increasing the size of the data space and suggested introducing separate gas sizes for operations that increase the size. However, he acknowledged the complexities surrounding gas fee limits on subcalls, emphasizing the need for careful implementation of multi-dimensional pricing. Buterin added that despite the potential advantages of multidimensional gas application, its implementation brings with it various complexities and problems. He underlined the importance of striking a nuanced balance between scalability gains and protocol economics. While Ethereum's co-founder acknowledged the possibility of more elegant solutions in the future, he added that improvement proposals need further research and refinement.
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