Ethereum

<ul class="news-points"> 
 <li><strong>Vitalik Buterin hints that the drive to push Ethereum often circles back to the lucrative gas fees.</strong></li> 
 <li><strong>According to Buterin, when fees skyrocket, it is a handful of big players who reap the rewards.</strong></li> 
 <li><strong>The Ethereum co-founder thinks users should be worried about capture as a risk on the Ethereum network.</strong></li> 
</ul> 
<p>According to Steven Nerayoff, a former <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum</a> advisor, the drive to push Ethereum often circles back to the lucrative gas fees. Nerayoff made this statement via a post on X (formerly Twitter), where he explained that when fees skyrocket, it is not the average user but a handful of big players who reap the rewards, especially if ownership and mining are as concentrated as suspected.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;">The drive to push Ethereum, as Vitalik himself hints, often circles back to the lucrative 'gas fees'. When fees skyrocket, it's not the average user but a handful of big players who reap the rewards, especially if ownership &amp; mining are as concentrated as suspected.… <a href="https://t.co/aeVq4zbzlk" target="_blank" rel="nofollow">https://t.co/aeVq4zbzlk</a> <a href="https://t.co/C98gjEpsAH" target="_blank" rel="nofollow">pic.twitter.com/C98gjEpsAH</a></p>— Steven Nerayoff (@StevenNerayoff) <a href="https://twitter.com/StevenNerayoff/status/1734696863948059022?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 12, 2023</a>
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<p>Citing a portion of Ethereum’s whitepaper, Nerayoff noted that Ethereum’s ICO Legal Opinion estimated gas fee…</p>
<p>The post <a href="https://coinedition.com/disguised-whales-behind-ethereums-inflated-gas-fees-vitalik-buterin/">Disguised Whales Behind Ethereum’s Inflated Gas Fees: Vitalik Buterin</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Disguised Whales Behind Ethereum’s Inflated Gas Fees: Vitalik Buterin

Coin Edition

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