GPT-4o is OpenAI’s most advanced AI model, surpassing its predecessors in speed, cost-efficiency and multimodal capabilities.
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Ethereum co-founder Vitalik Buterin has come up with a new protocol, EIP-7706, with an intention to overhaul the gas fee structure on the Ethereum blockchain. This new model introduces a third category of gas fee meant to be applied only to call data—that is, the information that gets relayed to smart contracts through transactions. That would be meant to help, in turn, reduce costs by segregating call data charges from transactions that are data heavy but light in computational demand. Further improvements in overall efficiency are synchronized in the management of execution, blob storage, and call data fees in Buterin’s dynamic model.
Currently, Ethereum has separate policies for the pricing of transaction execution, data storage, and access to data. EIP-7706 aims to unify the first two and build on them with the newly proposed call data fees. Call data costs being introduced explicitly may severely cut the theoretical maximum size of call data per block, which in turn may result in cheaper transactions on average.
This is in line with Ethereum’s constant moves to solve problems related to high gas fees that have always affected the network since its inception. The consensus of proof of stake was one such step, reducing costs, and this latest promise by Buterin only puts more credibility into those initial promises by further fine-tuning the fee structure to perfectly match the widely varying demands in Ethereum transactions.
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Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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CoinShares’ revenue, gains, and other income reached 43.9 million pounds ($55 million) in the first quarter of 2024, a 216% increase year-over-year.
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Founders: Roy Sheinfeld, Roi Erez and Yaacov Slama
Date Founded: 2018
Location of Headquarters: Remote
Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes
Number of Employees: 11
Website: https://breez.technology/
Public or Private? Private
Roy Sheinfeld says the time for orange pilling is through.
Sheinfeld, one of the three founders of Breez, a company that provides a software development kit (SDK) to institutions looking to utilize the Bitcoin Lightning Network, believes that while bringing people into the Bitcoin fold via education has helped broaden the Bitcoin community, it won’t be the driving force in onboarding the next wave of Bitcoin users.
“I was orange…
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The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop’s stock.
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Former CFTC Chair J. Christopher Giancarlo founded the Digital Dollar Project and currently works as an advisory board member for the Chamber of Digital Commerce.
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A Dutch court found Tornado Cash developer Alexey Pertsev guilty on Tuesday, sentencing him to 64 months in prison.
Pertsev was accused of laundering $1.2 billion of crypto through Tornado Cash, per an indictment earlier this year. He stood trial back in March.
“The court concludes that the suspect consciously accepted the significant chance that the charged Ether resulting from a crime was deposited in [crypto system], as a result of which he was guilty of laundering it,” a translated version of the ruling said.
“In view of all this, the court was of the opinion that it was foreseeable from the start that Ether resulting from crime would be deposited in [crypto system] due…
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Dan Tapiero, the legendary macro investor in digital assets, has high expectations for Bitcoin. On May 14, 2024, the investment guru made a social media forecast on X that Bitcoin can explosively rocket off from $65,000 to $90,000 soon after sideways overlapping flag-type consolidation is complete. According to him, the pattern suggests that Bitcoin is setting itself up for another colossal price breakout. His confidence in Bitcoin’s potential comes amid broad optimism in the future of cryptocurrencies.
Despite the uncertainty over what will cause this surge, Tapiero’s history makes him quite a credible figure. He has founded and led firms that have held over $1.2 billion worth of investments and had a track record of keen market analysis. Like his fellow investor, Raoul Pal, Tapiero, therefore calls for the community to seize the moment. There is no better time for those who believe in cryptocurrency.
The State of Wisconsin Investment Board had recently made a big move in investing $99 million into iShares Bitcoin ETF. This shows interest and trust in Bitcoin investments by an institutional investor. The iShares Bitcoin ETF allows traditional investors to gain market exposure through the Bitcoin price action without necessarily holding the asset themselves. The purchase very much demonstrates a view that Bitcoin is an asset of real value.
Source: SEC Official Website