gas_fees
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BNB Chain has announced a gasless payment solution for stablecoins USDT, USDC, and FDUSD.
đ” BNB Chain has announced a gasless payment solution for stablecoins USDT, USDC, and FDUSD.
The development will be carried out in partnership with centralized exchanges. The initiative aims to simplify the use of stablecoins, allowing for faster integration into everyday life. $BNB
đ Bitget Wallet and SafePal have already integrated the gasless solution. The Binance Web3 wallet and Trust Wallet will follow suit soon.
#BNBAnalysis #stabilcoin #gas_fees #DODOEmpowersMemeIssuance
The development will be carried out in partnership with centralized exchanges. The initiative aims to simplify the use of stablecoins, allowing for faster integration into everyday life. $BNB
đ Bitget Wallet and SafePal have already integrated the gasless solution. The Binance Web3 wallet and Trust Wallet will follow suit soon.
#BNBAnalysis #stabilcoin #gas_fees #DODOEmpowersMemeIssuance
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Ethereum developers launch an initiative to reduce the cost of gas fees.
Ethereum continues to face the challenge of high gas costs, crucial for transactions and smart contract execution. Initiatives such as choosing schedules with lower demand and EIP-4844 seek to significantly reduce these costs.
https://criptokio.com/noticias/desarrolladores-ethereum-iniciativa-reducer-coste-gas-fees/
#Ethereumâ #gas_fees
Ethereum continues to face the challenge of high gas costs, crucial for transactions and smart contract execution. Initiatives such as choosing schedules with lower demand and EIP-4844 seek to significantly reduce these costs.
https://criptokio.com/noticias/desarrolladores-ethereum-iniciativa-reducer-coste-gas-fees/
#Ethereumâ #gas_fees
After the #Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 #gas_fees According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, Base will be reduced from $0.58 to $0.01.
join @Dr Walaa Eddine to get more info and gifts đđ„
$ETH $ARB $OP #HotTrends
join @Dr Walaa Eddine to get more info and gifts đđ„
$ETH $ARB $OP #HotTrends
During a bull run in cryptocurrency, people might experience losses for various reasons. Here are five common ones to watch out for:
Lack of Research: Investing without researching the fundamentals of a cryptocurrency can lead to losses.
Overleveraging: Using too much leverage can result in significant losses, especially if the market becomes volatile.
FOMO (Fear of Missing Out): Making rushed investments out of fear of missing out can lead to buying at peak prices.
Poor Risk Management: Not setting stop-loss orders or investing more than one can afford to lose can result in substantial losses.
Ignoring Market Cycles: Failing to understand market cycles may lead to buying high and selling low, which goes against profitable trading strategies.
Approach investing cautiously and ensure you're well-informed about the assets you're investing in.
#SPIX #gas_fees #hfm #HYVE
Lack of Research: Investing without researching the fundamentals of a cryptocurrency can lead to losses.
Overleveraging: Using too much leverage can result in significant losses, especially if the market becomes volatile.
FOMO (Fear of Missing Out): Making rushed investments out of fear of missing out can lead to buying at peak prices.
Poor Risk Management: Not setting stop-loss orders or investing more than one can afford to lose can result in substantial losses.
Ignoring Market Cycles: Failing to understand market cycles may lead to buying high and selling low, which goes against profitable trading strategies.
Approach investing cautiously and ensure you're well-informed about the assets you're investing in.
#SPIX #gas_fees #hfm #HYVE
Fat Finger or Money Laundering:User Pays 4,000x the ETH Normal Fee
An anonymous crypto user has reportedly made a costly mistake, spending 34 ETH in gas fees to transfer just over $2,200 worth of Ether. This blunder resulted in a staggering $90,000 fee for a transaction that should have only cost a few dollars. According to data from Etherscan shared by a user called DeFiac on August 11, the user paid 34.26 ETH in gas fees (approximately $89,200 at current rates) to send 0.87 ETH, valued at around $2,262. At the time, Ethereum gas fees were as low as 2-4 Gwei, meaning a typical transfer would only set someone back about $5. This means the user overpaid by an incredible 1,783,900%.
Mistakes like these, often referred to as "fat-finger" transactions, are not rare in the crypto world. For instance, on October 10, 2023, an NFT trader accidentally paid 1,055 ETH (around $1.6 million) for an NFT that was only worth $1,000. Similarly, on April 6, a collector on OpenSea spent 100 ETH (about $191,000) on a free NFT mint, which led to allegations of wash trading. Even major players in the industry can slip up; in May 2021, Crypto.com mistakenly transferred $7 million to an Australian user, Thevamanogari Manivel, who then used the funds to purchase a luxury mansion in Melbourne and transferred around $4 million overseas. She was later sentenced to 209 days in jail for "trading in proceeds of crime."
While the excessive gas fee could be a simple error, it might also hint at a more complex scheme, such as money laundering. Users must be aware of which Ethereum validators are processing their transactions and ensure they are sent correctly. The anonymous user would have needed to coordinate closely with these validators to prevent funds from being misallocated. An October 2023 report highlights the importance of understanding crypto staking in this context.
#ETHđ„đ„đ„đ„ #ETHć€§æ¶š #gas_fees #gwei
Mistakes like these, often referred to as "fat-finger" transactions, are not rare in the crypto world. For instance, on October 10, 2023, an NFT trader accidentally paid 1,055 ETH (around $1.6 million) for an NFT that was only worth $1,000. Similarly, on April 6, a collector on OpenSea spent 100 ETH (about $191,000) on a free NFT mint, which led to allegations of wash trading. Even major players in the industry can slip up; in May 2021, Crypto.com mistakenly transferred $7 million to an Australian user, Thevamanogari Manivel, who then used the funds to purchase a luxury mansion in Melbourne and transferred around $4 million overseas. She was later sentenced to 209 days in jail for "trading in proceeds of crime."
While the excessive gas fee could be a simple error, it might also hint at a more complex scheme, such as money laundering. Users must be aware of which Ethereum validators are processing their transactions and ensure they are sent correctly. The anonymous user would have needed to coordinate closely with these validators to prevent funds from being misallocated. An October 2023 report highlights the importance of understanding crypto staking in this context.
#ETHđ„đ„đ„đ„ #ETHć€§æ¶š #gas_fees #gwei
