Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising
The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which the chain is now. Emin Gun Sirer, Founder and CEO of Ava Labs, the company behind Avalanche, stated that Avalanche will be able to scale regardless of its growth. Ethereum Facing Heat in Social Media The high fees that users have to pay to transact on Ethereum L1 are prompting supporters....
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Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down. An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs.The official Twitter account for social media token project Unite announced on Feb. 10 that the project was no longer in active development, adding that the original idea for the project had been rendered unfeasible by the recent gas price spike. The average cost of using Ethereum increased 35,600% since....
In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and it’s not just bitcoin on people’s minds.
Experts List Most Mentioned Cryptos on Russian Social Media
Brand Analytics, a company specializing in media monitoring in the CIS area, has recently published a report ranking the most popular cryptocurrencies, according to the frequency of their appearance in Russian-language conversations on social media. To assess interest....
AVAX’s price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance. AVAX’s price remains strong below the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area. The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement.....
There’s been a lot of focus on cryptocurrency social media platforms lately. Now, a new application is coming to the market called Akasha, which aims to launch its alpha release this month. Centralized Social Media Soon to Be a Memory. The past few months have had quite a bit of news concerning platforms like Steemit, Synereo and the Yours Network. A new....
I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms […]