• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Coinbase supports EIP-4844 release on Ethereum

Coinbase supports EIP-4844 release on Ethereum

user avatar

by dapp_writer005

3 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

Kodiak Finance: The New Era of Decentralized Exchanges on Avalanche

chest

In the dynamic DeFi environment, Kodiak Finance stands out as an innovative DEX on the Avalanche blockchain. The platform offers more than just asset exchange; it provides a comprehensive ecosystem for liquidity management and passive income generation.

user avatarMax Nevskyi

DoRac: Comprehensive Analysis of NFT Dog Racing, Tokenomics, Gameplay Systems, and Web3 Potential

chest

In-depth overview of DoRac: a Web3 dog racing game with NFT pets, breeding, token rewards, and a growing metaverse. Detailed analysis of gameplay, economy, and long-term potential.

user avatarElena Ryabokon

Oobit: An Innovative Payment Gateway for Cryptocurrency Transactions

chest

The Oobit app turns cryptocurrencies into a convenient means of payment, eliminating complexity and volatility. It allows you to easily spend bitcoins on daily purchases like regular money, making digital finance accessible to everyone.

user avatarMax Nevskyi

House of Poker: Comprehensive Overview of Blockchain Poker, Play & Earn Features, and Platform Potential

chest

A detailed overview of House of Poker: Web3 poker gameplay, USDC-based economy, social features, competitive modes, and the future of Massive Gaming’s blockchain casino platform.

user avatarElena Ryabokon

Numerai: A Decentralized AI-Powered Predictive Modeling Platform

chest

In the digital age, data is being called the new oil, but its value is only revealed through analytics. Numerai has created a unique decentralized hedge fund where a global community of AI specialists works instead of in-house analysts.

user avatarMax Nevskyi

Devomon Callisto: In-Depth Analysis of the Blockchain Game, Lore, Gameplay, and NFT Ecosystem

chest

A detailed review of Devomon: Callisto — its lore, gameplay, Evomon system, blockchain economy, tokens, and NFT features. Full breakdown of mechanics and Web3 RPG potential.

user avatarElena Ryabokon

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.