Ethereum, the blockchain platform that had the vision to dream bigger than simple transactions, is ever-changing. Now, a new proposal is on the table, one that aims to tweak the very engine that powers the network: gas. Will this change really improve security and stability, or will it cause new...
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...
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,...
On Wednesday, cybercriminals appeared to have hit Nobitex, Iran’s largest cryptocurrency exchange, in a concerted attack. That breach resulted in the loss of more than $90 million in digital assets. The pro-Israel hacktivist group Gonjeshke Darande, or Predatory Sparrow, took credit for the attack. The aftermath of this incident has...
The recent price action of Axelar (AXL) has been nothing short of eye-popping. However, is it another crypto pump, or does it imply something deeper that is occurring in the cross-chain ecosystem? I’d argue it’s the latter, and here’s why. We're not just witnessing a price surge; we're potentially seeing...
Vitalik Buterin says privacy is freedom. Freedom. It’s a dangerous word that we cavalierly throw about like confetti, particularly in the U.S. What does it mean in a world where every click, every purchase—and soon even every thought—is surveilled? It means our everyday actions are being surveilled and monetized more...
Just last week, hackers stole around $5 million worth of ZKsync’s native ZK crypto, raising alarm bells among crypto insiders. In this case, a compromised administrative account was the key that opened the door. This provided the attackers the opportunity to take control of unregistered tokens from a recent airdrop....
Five million dollars. Gone. Poof. Taken from ZKsync, currently one of Ethereum’s supposedly greatest beacons of hope in the Layer-2 scaling arms – sorry, race. They say user funds are safe. They say the protocol is secure. But does it feel that way? Does it sound that way? This isn't...
