When the DAO hack occurred, the Ethereum community was faced with a dilemma. The hacker had stolen Ether from the DAO and it was not clear how to best retrieve the stolen funds and return them to the rightful owners. After much discussion, the community decided that the best course of action was to hard fork the Ethereum blockchain. This meant that there would be two versions of Ethereum, the original blockchain and the new forked blockchain.

The original blockchain would be left unchanged and the new forked blockchain would have the DAO hack reversed. This decision was not made lightly, but it was felt that it was the best way to protect the Ethereum community and ensure that the stolen funds were returned to their rightful owners.

Anthony Di Iorio is a Canadian entrepreneur and cryptocurrency investor who co-founded Ethereum, a decentralized platform that runs smart contracts. He is also the founder of Jaxx, a digital wallet that supports multiple cryptocurrencies.

In December 2017, Di Iorio announced that he was leaving the Ethereum Foundation, the non-profit organization that supports Ethereum’s development. In an interview with Bitcoin Magazine, Di Iorio said that he wanted to focus on his other projects, including Jaxx and Decentral, a Toronto-based innovation hub that he founded.

Di Iorio’s departure from Ethereum comes as the platform is facing increasing scalability issues. Ethereum’s network has been congested in recent months due to the popularity of decentralized applications (dapps) built on top of it.

This has led to high transaction fees and slow transaction times.

Di Iorio believes that Ethereum will eventually scale to meet demand, but in the meantime, he wants to focus on other projects that are not as constrained by scalability issues. Jaxx, for example, is a digital wallet that supports multiple cryptocurrencies, including Ethereum.

Decentral is another one of Di Iorio’s projects that is not as constrained by scalability issues. Decentral is a Toronto-based innovation hub that focuses on blockchain technology and digital currencies.

The hub is home to Jaxx and several other startUPS working on innovative projects in the blockchain space.

Di Iorio’s departure from Ethereum is a loss for the platform, but it underscores the importance of scaling solutions for blockchain platforms. Without scaling solutions, Ethereum and other blockchain platforms will be unable to meet demand from users and developers.

If you’re an Ethereum user, you’ve probably noticed that your gas fees have been increasing over the past few months. And if you’re new to Ethereum, you might be wondering why gas fees are even a thing.

In this article, we’ll explain what gas fees are, why they’re necessary, and why they’ve been increasing lately.

What are gas fees?

In order to understand gas fees, we first need to understand a bit about how Ethereum works. Ethereum is a decentralized platform that runs smart contracts: programs that can automatically execute actions when certain conditions are met.

For example, let’s say you want to create a contract that will send 1 ETH to your friend every time you get paid. In order to do this, you’ll need to write a program that will execute the following actions:

1. Check if you’ve received any ETH.
2. If you have, send 1 ETH to your friend’s address.

3. Repeat 1 and 2 every time you receive ETH.

This might seem like a simple task, but it’s actually quite complex when you consider all the different ways that things can go wrong. For example, what if your friend’s address changes? Or what if you accidentally send ETH to the wrong address?

To make sure that these kinds of contracts work as intended, every time a contract is executed, it costs a small amount of ETH in gas fees. Gas is basically like fuel for the Ethereum network: it’s what’s used to power transactions and keep things running smoothly.

Why have gas fees been increasing?

There are a few reasons why gas fees have been increasing lately. First of all, Ethereum has been growing in popularity, which means that more and more people are using it for their transactions.

This increased demand has led to higher gas prices.

Secondly, there’s been an increase in the number of complex smart contracts being executed on the Ethereum network. These contracts often require more gas than simple ones, which puts upward pressure on prices.

Finally, there have been some recent changes to the way that gas is priced that have also contributed to higher fees. Specifically, the “base fee” (the amount of ETH charged per unit of gas) has tripled in the past month or so.

What does this mean for users?

In short, it means that users are paying more for their transactions than they were before. For example, let’s say you wanted to send 1 ETH to your friend using a smart contract like the one we described earlier. A month ago, this transaction would have cost around $0.30 in gas fees.

Today, it would cost around $0.90.

As the DeFi craze continues to sweep across the crypto world, yield farmers are looking for new and innovative ways to maximize their earnings. One such method that has gained popularity in recent months is staking Shiba Inu (SHIB) tokens on Ethereum.

SHIB tokens are the native currency of the Shiba Inu network, a decentralized meme-based cryptocurrency project. The project’s tongue-in-cheek approach and Dogecoin-esque aesthetics have endeared it to many in the crypto community.

The SHIB token itself is an ERC-20 token built on the Ethereum blockchain. This means that it can be easily stored in any Ethereum wallet and traded on popular cryptocurrency exchanges.

For yield farmers, staking SHIB tokens is an attractive proposition. Stakers can earn rewards in the form of another ERC-20 token called LEASH.

These rewards are paid out daily and are proportionate to the amount of SHIB tokens staked.

So why are Ethereum whales buying SHIB tokens?

There are a few reasons. Firstly, as yield farming becomes more popular, the demand for SHIB tokens has increased.

This has driven up the price of SHIB, making it an attractive investment for those looking to cash in on the DeFi boom.

Secondly, staking SHIB tokens is a great way to earn LEASH rewards. As mentioned above, these rewards are paid out daily and can add up over time.

For Ethereum whales with large amounts of SHIB tokens, this can be a significant source of income.

Finally, by buying SHIB tokens and staking them on Ethereum, whales can help to increase the adoption of DeFi protocols and applications. By doing so, they can play an important role in driving the growth of the DeFi ecosystem as a whole.

As the second-largest cryptocurrency by market capitalization, Ethereum has attracted a lot of attention from investors and users in recent years. Ethereum’s smart contract functionality allows for the development of a wide range of decentralized applications (dapps) that have the potential to revolutionize many industries.

However, one of the challenges that Ethereum faces is high network fees. In this article, we’ll take a look at some of the reasons why Ethereum network fees are so high and whether this is likely to change in the future.

One of the main reasons why Ethereum network fees are so high is because of the large number of transactions that are being processed on the network. Due to the popularity of Ethereum and the increasing number of dapps being built on it, the network is currently processing a large number of transactions.

This has led to congestion on the network and higher fees for users who want their transactions to be processed quickly.

Another reason for high Ethereum network fees is the way in which gas prices are calculated. Gas is used to power transactions on the Ethereum network and gas prices are set by miners.

Miners have an incentive to set gas prices high as they receive rewards in ETH for processing transactions. As a result, gas prices have been rising in recent months, which has also contributed to higher fees for users.

It’s important to note that while Ethereum network fees are currently quite high, there are plans to address this issue in the future. The developers behind Ethereum are working on scaling solutions that will help to reduce congestion on the network and lower fees for users.

Additionally, new protocols like EIP 1559 could change the way in which gas prices are calculated, which could lead to lower fees in the future.

Overall, high network fees are currently one of the challenges facing Ethereum. However, there are plans to address this issue and reduce fees for users over time.