MUFEX, the decentralized exchange (DEX) founded by industry veterans, is making waves in the DeFi space by providing a trading experience that closely resembles centralized exchanges (CEX) while leveraging the benefits of decentralization. With lightning-fast order processing and a diverse range of order types, MUFEX is rapidly emerging as the go-to platform for CEX users seeking a seamless transition to decentralized trading. MUFEX's professional yet easy-to-use interface sets it apart from other DEX platforms. It introduces innovative features such as…
EIP-1559
ETH Price Roars towards $3K as Radical EIP-1559 Upgrade Goes Live
The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in. The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…
2 years ago 
702 views
London Hard Fork Expected to Boost ETH’s Price by Ushering in EIP-1559
The highly anticipated Ethereum (ETH) hard fork upgrade code-named London is scheduled on the ethereum network on Thursday, according to the countdown on Ethereum.org. The primary improvement in this hard fork will be a change in how transaction fees work. But, unfortunately, it will also start to destroy coins to trim the pace at which the supply of Ether tokens grows. The upgrade EIP-1559 will ultimately affect how the network handles transaction fees. The move will make transaction fees more…
2 years ago 703 views
Why Ethereum Developers Take Too Long to Work on the Spiking Gas Fees?
There are over 4,000 crypto coins globally, and Ethereum is the second-largest and currently trading slightly above $3,500. Ethereum has maintained its position since its launch in 2015. If that makes sense to you, I guess we both know the platform behind the decentralized finance world is nowhere close to a scam project. As you probably know, Ethereum is an open-source platform running on its Ethereum blockchain that has been monumental in the crypto space. It has been a pretty…
2 years ago 938 views
Ethereum EIP-1559 Could Solve the Current GAS Crisis: An Overview
Since its establishment in July 2015 by Vitalik Buterin, Charles Hoskinson, and others, Ethereum has grown immensely to be the leading blockchain network regarding decentralized finance (DeFi) and smart contracts. Its native coin, Ether, is also the second most valuable cryptocurrency after Bitcoin. However, its massive growth has brought various challenges, notably network congestion due to scalability issues and exorbitant gas (transaction) fees, among other problems. To solve the challenges that have continued to hamper the network's growth, Ethereum developers…
2 years ago 891 views