Press Release Today TheBitTimes.com

Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS. Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired token s dubbed POLS.  In a Nov. 16 X (formerly Twitter) post Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network saying the spike could’ve been due to the launch of a new Polygon-based nonfungible token (NFT) collection. What is going on on @0xPolygon POS chain? 6m transactions in last 24 hrs. 170 TPS on average. 1mn+ MATIC burnt by the protocol. The chain worked smoothly, gas fees went crazy though but no reorgs or 0 blocks etc. I hear there is some game Baby Shark Launching, could that be the… — Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) November 16, 2023 The reason for the uptick in network activity and sudden spike in gas fees seems ...

Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours. A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220 for a high-priority transaction on Ethereum while other screenshots showed figures around the $100 mark. Bitcoin users meanwhile, reported fees that were around $10 for high-priority transactions. While this is relatively low, the average Bitcoin (BTC) transaction cost has hovered around $1 over the last three months, according to BitInfoCharts. BTC fees haven’t been this high since May. #Saitama #SaitaRealty To Add to Below Post This isn't even Height of Bull Run Already #ETH Gas Fees are Extortionate $175.79 T...

“Lightning is great and something we’ll integrate,” Armstrong said in response to an allegation that he was “ignoring” the network. Bitcoin (BTC) layer 2 scaling solution Lightning may feature on the cryptocurrency exchange Coinbase in some capacity, according to its chief Brian Armstrong. In a tweet on April 8, Armstrong said that “Lightning is great and something we’ll integrate” in response to a tweet criticizing him for “actively ignoring” the network. My tweets auto-delete after some number of months, so there is no search history. Lightning is great and something we ’ll integrate . — Brian Armstrong (@brian_armstrong) April 8, 2023 Armstrong provided no further details on what a Lightning integration with Coinbase would involve or when it could be expected. Coinbase, along with Binance and the now bankrupt FTX, has been called out in the past for not integrating the Lightning network which enables faster and cheaper BTC transactions than the Bitcoin base network. Accordi...