{"id":17084,"date":"2024-09-18T17:45:00","date_gmt":"2024-09-18T14:45:00","guid":{"rendered":"https:\/\/forklog.com\/en\/vitalik-buterin-highlights-rollup-accessibility-amid-fee-decline\/"},"modified":"2024-09-18T17:45:00","modified_gmt":"2024-09-18T14:45:00","slug":"vitalik-buterin-highlights-rollup-accessibility-amid-fee-decline","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-highlights-rollup-accessibility-amid-fee-decline\/","title":{"rendered":"Vitalik Buterin Highlights Rollup Accessibility Amid Fee Decline"},"content":{"rendered":"

Transaction fees on Ethereum’s Layer 2 have plummeted to “almost zero,” marking a significant milestone for digital assets, according to blockchain co-founder Vitalik Buterin, reports Cointelegraph<\/a>.<\/p>\n

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“From $0.5-10, we’ve moved to $0.01, practically zero. <\/em>Optimism<\/em> and <\/em>Arbitrum<\/em> \u2014 the two main layers of Ethereum \u2014 have reached this important milestone. [\u2026] <\/em>Rollups<\/em> are quickly becoming safer, they are finally accessible,”<\/em> he commented.<\/p>\n<\/blockquote>\n

According to the expert, high fees were previously one of the main hurdles in cryptocurrency adoption.<\/p>\n

Buterin recalled paying over $800 for a single privacy-preserving transaction.<\/p>\n

The Ethereum co-founder also noted significant improvements in transaction confirmation times following the transition to the Proof-of-Stake consensus algorithm in September 2022.<\/p>\n

\n

“Now I can calmly confirm my transactions in 5\u201315 seconds,”<\/em> he added.<\/p>\n<\/blockquote>\n

In conclusion, Buterin urged industry participants to develop practical solutions for the new wave of mass adoption, but not at the expense of decentralization.<\/p>\n

Bull Market and the Fed<\/strong><\/h2>\n

Former BitMEX CEO Arthur Hayes highlighted<\/a> the potential for a decline in stocks and other risky assets a few days after the Federal Reserve’s Fed<\/span> meeting on September 18. He based his prediction on the unwinding of yen carry trade positions due to the narrowing interest rate differential between the US and Japan.<\/p>\n

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“We saw what happened a few weeks ago when, over 14 trading days, the USD\/JPY rate plummeted from 162 to 142, causing almost a mini-financial crash. We will see a repeat of this financial stress,”<\/em> the expert noted.<\/p>\n<\/blockquote>\n

The specialist described Ethereum as an “internet bond” with a 4% yield, which currently pales in comparison to US Treasury bills.<\/p>\n

Hayes expressed confidence in the imminent start of a bull cycle for the second-largest cryptocurrency by market capitalization, once this yield disadvantage disappears with further easing of Fed policy.<\/p>\n

In September, the former BitMEX CEO explained Bitcoin’s decline by a liquidity shortage.<\/p>\n

Previously, Hayes called<\/a> the first cryptocurrency a more reliable safe-haven asset than gold, due to the absence of national control. He predicted<\/a> the market would exit its bearish sideways trend from September amid expectations of new stimulus measures in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"

Transaction fees on Ethereum’s Layer 2 have plummeted to “almost zero,” marking a significant milestone for digital assets, according to blockchain co-founder Vitalik Buterin, reports Cointelegraph. “From $0.5-10, we’ve moved to $0.01, practically zero. Optimism and Arbitrum \u2014 the two main layers of Ethereum \u2014 have reached this important milestone. [\u2026] Rollups are quickly becoming […]<\/p>\n","protected":false},"author":1,"featured_media":17083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1178,1146,1249,1150,200],"class_list":["post-17084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-blockchain-fees","tag-cryptocurrency-market-forecasts","tag-federal-reserve-system","tag-news-plus","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17084"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17083"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}