BEAMSTART Logo

Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants

Coin Telegraph LogoCoin Telegraph2 mo ago

Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants - Coin Telegraph

Quick Summary:

Traders using builders to execute their complex trades could save a significant chunk of their gas fees as they no longer have to pay for failed transactions.

However, with the introduction of EIP-3651, the coinbase software will remain warm to begin with, thus requiring a lower gas fee to access it.

Doing so would reduce fees for calls that make transfers to the COINBASE address, which is frequently used in systems like Flashbots (do they not have a Twitter???


More Pictures

Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants - Coin Telegraph (Picture 1)

or

Article Details

Author / Journalist: Cointelegraph By Prashant Jha

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-08 @ 10:40:53 (2 months ago)

News Timezone: GMT -5:00

Ranking: #65 (out of 3887 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 1503029

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants" has 397 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants" was covered 2 months ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #1503029
  • URL: https://beamstart.com/news/ethereum-shanghai-upgrade-eip-3651-16679051377118

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.