“Ethereum’s L2 transaction fees have dropped to “virtually zero,” a major milestone for the digital asset. This was stated by Vitalik Buterin, the co-founder of the blockchain of the second cryptocurrency by capitalization, Cointelegraph writes. “We went from $0.5-10 to $0.01, practically zero.” Optimism and Arbitrum — Ethereum’s two main tiers — have reached this milestone. […] Rolaps are quickly becoming safer, they are finally available,” he commented. According to the expert, earlier […]”, — write: businessua.com.ua
Ethereum’s L2 transaction fees have dropped to “virtually zero,” a major milestone for the digital asset. This was stated by the co-founder of the second blockchain by the capitalization of cryptocurrency Vitalik Buterin, writes Cointelegraph.
“We went from $0.5-10 to $0.01, practically zero.” Optimism and Arbitrum — Ethereum’s two main tiers — have reached this milestone. […] Rolaps are quickly becoming safer, they are finally available,” he commented.
According to the expert, previously high commissions were one of the main problems in the adoption of cryptocurrencies.
Buterin recalled that he had to pay more than $800 for a single privacy-preserving transaction.
The co-founder of Ethereum also noted a significant improvement in such a parameter as the time of transaction confirmation after switching to the Proof-of-Stake consensus algorithm in September 2022.
“Now I can confidently confirm my transactions in 5-15 seconds,” he added.
In conclusion, Buterin urged industry participants to create practical solutions for the new wave of mass adoption, but not at the expense of decentralization.
The bull market and the FedBitMEX ex-CEO Arthur Hayes noted the risks of falling stocks and other risky assets a few days after the meeting Fed September 18. He based his forecast on the collapse of carry-trade positions in the yen due to the reduction in the difference in interest rates between the United States and Japan.
“We saw what happened a few weeks ago when USD/JPY collapsed from 162 to 142 in 14 days of trading, almost causing a mini financial meltdown. We will see a repetition of this financial stress,” the expert said.
The expert called Ethereum an “internet bond” with a yield of 4%, which is now inferior in attractiveness to US Treasury bills.
Hayes expressed confidence in the rapid start of a bullish cycle for the second-largest cryptocurrency by market capitalization, as soon as this disparity in favor of ether disappears as the Fed’s policy eases further.
We will remind you that in September, the ex-CEO of BitMEX explained the fall of bitcoin with a lack of liquidity.
Hayes previously called the first cryptocurrency a safer safe-haven asset than gold because of the lack of national control. He predicted the market’s exit from the bearish side since September amid expectations of the launch of new stimulus in the US.
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