Coinbase supports EIP-4844 release on Ethereum

Coinbase supports EIP-4844 release on Ethereum

user avatar

by dapp_writer005

4 years ago

Cryptocurrency exchange Coinbase starts cooperation with Ethereum Foundation and Optimism solutions. This integration will help to complete the update process for the Ethereum improvement proposal - EIP-4844. As a result, developers want to reduce gas fees by several times and increase the speed of transactions. Including, it is a question of reduction of a payment for operations in rollup-solutions. Also, Coinbase is conducting an EIP-4844 test for further work with cryptocurrency.

According to Brian Armstrong, director of Coinbase, scalability will add new use cases for cryptocurrencies.

Coinbase is supporting the release of the EIP-4844 update and believes it will help to attract more customers through enhanced security, ease of use and profitable transactions. Moreover, it contributes to the development of Web3.

The crypto exchange has already allocated a number of resources to test the EIP-4844 mechanism. At the moment, the team has a work plan and releases for Ethereum clients Prysm and Geth. Also, preparations are underway for the launch of the test network Devnet v1.

EIP-4844 regulates fees by adding a new transaction type for Ethereum. This system is compatible with previous versions and does not require additional settings.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other articles

Turning Repeated Questions Into an Editorial Brief

How to turn repeated reader questions into a focused, evidence-based article without mistaking a small signal for universal demand.

user avatarme1afon

Why People Share Privately but Stay Quiet in Public

A private message and a public post reach different audiences. Research suggests that difference can change what a sender chooses to share.

user avatarme1afon

Measuring the Readers Behind Social Clicks

A practical way to connect social posts to on-site engagement without mistaking a click or a session for proof that someone read.

user avatarme1afon

What an Open Algorithm Can—and Cannot—Tell You About a Live Feed

A practical guide to distinguishing published recommendation code from evidence about a live feed.

user avatarme1afon

Visibility Filters and Ranking Solve Different Problems

Why eligibility and predicted relevance are separate questions in the reviewed X For You pipeline.

user avatarme1afon

What a Feed Ranking Model Actually Predicts

How predicted actions personalize ranking, and why those estimates are not a formula for reach.

user avatarme1afon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.