Vitalik Buterin and Toni Wahrstätter recently introduced Ethereum Improvement Proposal (EIP) 7983 to accomplish this. This proposal’s goal is to introduce a protocol-level cap on transaction gas usage. Through this proposal, we hope to achieve increased network security, improved performance, and greater predictability in the execution of transactions. This initiative...
Vitalik Buterin’s proposal EIP-7983, to add a gas cap to individual Ethereum transactions, seems like a simple workflow-enhancing security improvement. We get it, the threat of DoS attacks is scary and transaction costs you can count on are nice to have. But is it that easy, or are we ignoring...
Are you feeling it? That sense of impending doom that’s been creeping into your thoughts, the one that tells you “perhaps the party’s over”? The altcoin dream, powered by the promise of 100x returns and disruptive technology, is dying. And trust me, as someone who’s witnessed many a crypto cycle...
Consider the case of Sarah, a gifted painter from Buenos Aires, unable to support herself despite her amazing artwork. Her art is amazing, but galleries charge 50-70% commissions and just getting access to a global marketplace seems out of reach. Sarah utilizes Ethereum-based NFTs to sell her art directly to...
The crypto market is an intoxicating, fast-moving environment where speculation and innovation collide with the promise of untold riches. We don’t report the news at BlockOpulent.com. That’s where we come in—we break it down and break it apart, translating the dense legislation into electric-eyed perspective. Now, all eyes on the...
Popular crypto analyst Michaël van de Poppe sees the crypto market setting new all-time highs. Van de Poppe is a proponent of the belief Bitcoin is in a build-up phase. He imagines Ethereum and Bittensor poised for some major long-term appreciation. He further shared that analysis with his 794,400 followers...
Ethereum continues to make waves in the crypto world, now trading at $2,563, a 2.2% gain today. Some analysts even foresee a much larger boom, with one such forecast estimating $8,500 by 2025. Three key factors serve to stoke this bullish sentiment. Increasing ETF demand, bullish signals from technical analysis...
Ethereum, the world’s largest and most established smart contract platform, is a work in progress. At BlockOpulent.com, we break down these happenings in order to ensure you’re always a few steps ahead. Today, we're diving deep into a proposal from Ethereum's co-founder, Vitalik Buterin, that could reshape how transactions are...
Now, Ethereum co-founder Vitalik Buterin and Ethereum Foundation researcher Toni Wahrstätter have joined together to propose a new Ethereum Improvement Proposal (EIP). Their intention is to limit gas per operation to a fixed amount. The new proposal, EIP 7983, seeks to place a max limit on gas used. If successful,...
$8,500 Ethereum by late 2025. Sounds fantastic, doesn't it? The headlines are screaming about ETF inflows, institutional adoption, and a "rounded bottom" formation since April 2025, suggesting the market cycle’s bottom is in. More than $1.5 billion poured into ETH ETFs this year! Are we seeing real, lasting demand for...
