TLDR
August itself saw an aggregate daily transaction cost of $3.68 million, a 240 percent rise from the previous month. Elastos VP of Technology, Kiran Pachhai, explains how the mainchain-sidechain architecture is designed to reduce gas fees by 1000%. The more popular Ethereum gets, the less efficient it gets, causing it to significantly slow while charging ridiculous gas fees. The network is now facing the longest congestion due to massive traffic and has reached its most extended bottleneck. The Philippines Securities and Exchange Commission has condemned a dapp as a possible Ponzi scam.via the TL;DR App
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Written by ishanpandey | Building and Covering the latest events, insights and views in the AI and Web3 ecosystem.
