In a recent Tweet, CZ, CEO of Binance, has tweeted a picture highlighting the transaction cost, or gas, of $6.80 for the equivalent of a $16.08 transaction, asking “What's going on here?”
The tweet has opened the floodgates for hundreds of comments until Vitalik Buterin himself made a quick appearance urging projects to use scaling tools such as zkSync and Loopring to help offset the excess costs. He also suggested that Binance could be part of a wider solution by supporting the projects.
Plugging short-term scaling solutions is admirable by Buterin, but it does raise questions about the usability of the network as a whole.
Ethereum is now looking at several important and imminent developments. First, Ethereum 2.0 is preparing for takeoff on August 4 which, CGN hopes, will reaffirm the status of the Ethereum blockchain as one of the top gambling destinations.
Meanwhile, there have been many calls to find a way to boost the value of Ethereum which, the community and observers thought, was severely undervalued. That is understandable given how active Ethereum has become in terms of gambling and other use case potential.
The cryptocurrency has been one of the most traded tokens in gambling transactions, generally second only to Bitcoin.
We have put together a handy list of the best Ethereum casinos you can find and experience first-hand on the market today.