Ethereum (ETH) High Gas Price Periods and Gaming

By Maheen Hernandez June 28, 2020 Off
ethereum gas price ETH gaming

Vitalik Buterin of Ethereum recently expressed on how important it was to have active community members and not just weakly interested bystander. He clarified on how contributing is a costly signal and it takes more than a binary yes and no.

One of the community commentators reinstated on how important it was to have votes from true social media accounts when deciding facts and incentives.  He reinstated on how important it was to find a good solution to gauge a community, failing which what we get is only a bad solution.

The good thing is that anyone with an internet connection will be able to propose a change to the software.

Eric.eth was practical by stating, “I just gave $2,500 to the EIP-1559 Gitcoin Grant. If you’re someone that wants to see this EIP happen, put your money where your mouth is and let’s work together as a community to get it funded.”

Sydney Ifergan, the crypto expert tweeted:  “An ideal decentralized network without censor with idea filters in place on the Ethereum Network should soon become a reality. Expectation.”

Vitalik buterin tweeted, “Ethereum accounts are the decentralized competition to this. Of course you could just use plain private keys, but (i) ethereum already has the tooling and distribution, and (ii) ethereum smart contract wallets allow social recovery and other “what if things go wrong” features.”

So, the community is already digging in to sufficient details to be clear that the strength is real. Someone also expressed, what we need is a system which grows its collective intelligence at a scale, rather than becoming dumber and stiffer.

Ethereum (ETH) High Gas Price Periods and Gaming

Vitalik spoke about how Ethereum gaming projects are looking in to roll ups for short-term scaling today. He stated that they need cheap TXS and on how it was safe to use highly experimental technology since the value at stake seems to be a lot lower.  Gamers feel that they will not be able to play lot of games during high gas price periods.

As a general question Vitalik was trying to get some answer concerning the studies about any kind of Fancy Tech Surveillance, whether intrusive or not being effective at reducing R0s. The opinion in reply was that the early excitement concerning cutting-edge technology has given way to a lackluster role particularly for contact tracing apps.

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