The Ethereum network saw a $1.3 billion transaction The tra | DeFi Check
The Ethereum network saw a $1.3 billion transaction
The transaction was recorded by Whale Alert, a service that tracks large movements of cryptocurrencies. The commission, which was paid on the transfer, was $0.61.
Commissions on the Ethereum network were down 90% in June compared to May. According to the BitInfoChats service, as of July 1, the average commission per transaction in the network of the largest alcoin by capitalization is $1.7. At the end of June, that figure was dropping to its lowest value since December 2020, $1.
Ethereum developers will release an update to London in July as part of the altcoin's transition to the 2.0 protocol. This solution will scale the original blockchain and make it more user-friendly. The main feature of Ethereum 2.0 is the network's transition to the Proof-of-Stake (PoS) consensus - it will replace the Proof-of-Work (PoW) consensus on which the blockchain currently operates.
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