A new Ethereum test net has been built – and it’s years ahead of schedule

A zkEVM test network may change the landscape of Ethereum scaling in the near future, as it will be the first of its kind. Yesterday, zkSync, a protocol responsible for creating Ethereum scaling platforms, announced the test network release of an Ethereum Virtual Machine compliant Zero-Knowledge rollup (zkEVM) years ahead of schedule. The EVM is …

Why Ethereum users tolerate such high gas costs

Why Ethereum users tolerate such high gas costs

Ethereum is a pricey smart contract blockchain, but Konstantin Anissimov believes it is worthwhile. The variable and occasionally exorbitant gas fees associated with Ethereum have been a hot topic of discussion. The network’s fees are frequently cited by critics as a fatal defect that renders it ineffective, allowing a “ETH killer” to dethrone it as …