Tag: transaction

Cardano daily transaction volume surges but ADA prices slump

[ad_1] The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari. Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH) at $5.25 billion according to Messari, Cardano is in second place in that category and is closing in on the top position for this metric. #Cardano just surpassed $LTC and $ETH in transaction volume.…

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Bitcoin Energy Per Transaction Metric Is Misleading

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[ad_1] Environmentalists say Bitcoin uses too much energy. The world can’t afford it. It’s not worth it. That’s what they say. So, it must be true. Or must it? If you’re reading this, you’re probably aware of the popular anti-Bitcoin “energy per transaction” narrative. You’ve seen it in many major media publications. It goes something like this: “According to Digiconomist, a single bitcoin transaction uses the same amount of power that the average American household consumes in a month — which equals roughly a million times more in carbon emissions…

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QuickSwap lets users avoid Ethereum transaction fees with Polygon

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[ad_1] As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience.  Since getting acquainted with Polygon around the time of its launch in late 2019, Sameep Singhania has been an avid supporter of projects built on the protocol. In 2021, he created QuickSwap, a decentralized…

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Bitcoin and Ethereum transaction fees sink 95% from all-time highs

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[ad_1] The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months. Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the transaction in bytes and how many transactions a coin has gone through in the past (as these need to be checked every time a coin is moved). Supply and demand for space also dictate the…

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Is the bull run over? BTC loses $50,000 as transaction fees surge

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin tumbles 10% in 12 hours and falls below $50,000 for first time since March Things were looking markedly bearish for Bitcoin following last weekend’s swift and sudden correction, which caused Bitcoin to crash by 20% in a single hour. Within minutes last Sunday,…

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