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Gas Network - Blog

Introducing Gas Network

We’re thrilled to introduce Gas Network, a new decentralized oracle protocol from Blocknative designed to bring Web3 gas markets fully onchain. If you’ve ever felt the pain of unpredictable fees, endless guesswork around gas prices on different chains, or sudden spikes that leave you paying way too much, then you understand the challenge we’re here to solve.Gas Network Mission & Problem SpaceGas Network unifies multi-chain gas data and simplify fee management across all chains. Our core visio...

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Posts tagged with

ethereum(20)

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Gas Network - Blog

Introducing Gas Network

We’re thrilled to introduce Gas Network, a new decentralized oracle protocol from Blocknative designed to bring Web3 gas markets fully onchain. If you’ve ever felt the pain of unpredictable fees, endless guesswork around gas prices on different chains, or sudden spikes that leave you paying way too much, then you understand the challenge we’re here to solve.Gas Network Mission & Problem SpaceGas Network unifies multi-chain gas data and simplify fee management across all chains. Our core visio...

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Posts65

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Gas Network - Blog

Bringing web3 gas markets onchain

Gas Network - Blog

Bringing web3 gas markets onchain

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Gas Network - Blog

TL;DR on Gas Network ⛽

Gas prices are at the core of every onchain interaction. Learn how chains, bridges, wallets, solvers and more can leverage Gas Network for a better, more interoperable Ethereum ecosystem

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Gas Network - Blog

TL;DR on Gas Network ⛽

Gas prices are at the core of every onchain interaction. Learn how chains, bridges, wallets, solvers and more can leverage Gas Network for a better, more interoperable Ethereum ecosystem

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Gas Network - Blog

Beginner Basics of Crypto + Further Learning Resources

I often receive requests for reading materials/learning resources from crypto-curious folks who want to dive deeper. Below is a curated list of recommended crypto 101 reading/listening/watching. Expect this to grow and change over time. Have resources to add? Please message me @mcutler. In efforts to simplify the journey, this reading guide is divided into five sections:Learn about Money: This is a deeper topic than many expect.Learn about Bitcoin: Where it all began. Learn about Ethereum: "L...

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Gas Network - Blog

Beginner Basics of Crypto + Further Learning Resources

I often receive requests for reading materials/learning resources from crypto-curious folks who want to dive deeper. Below is a curated list of recommended crypto 101 reading/listening/watching. Expect this to grow and change over time. Have resources to add? Please message me @mcutler. In efforts to simplify the journey, this reading guide is divided into five sections:Learn about Money: This is a deeper topic than many expect.Learn about Bitcoin: Where it all began. Learn about Ethereum: "L...

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Gas Network - Blog

A Definitive Guide to Ethereum EIP-1559 Gas Fee Calculations: Base Fee, Priority Fee, Max Fee

When Ethereum upgraded its core gas-fee marketplace with EIP-1559, transactions moved from a first-price auction to a hybrid system involving base fees and tips. As we have previously covered, this introduced new levels of complexity for transacting on-chain. To help further clarify this, today we will explain the new terms and how to approach the core variables associated with EIP-1559 transaction fees.The New Terminology of EIP-1559 TransactionsFirst, a refresher: EIP-1559 changed how Ether...

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Gas Network - Blog

A Definitive Guide to Ethereum EIP-1559 Gas Fee Calculations: Base Fee, Priority Fee, Max Fee

When Ethereum upgraded its core gas-fee marketplace with EIP-1559, transactions moved from a first-price auction to a hybrid system involving base fees and tips. As we have previously covered, this introduced new levels of complexity for transacting on-chain. To help further clarify this, today we will explain the new terms and how to approach the core variables associated with EIP-1559 transaction fees.The New Terminology of EIP-1559 TransactionsFirst, a refresher: EIP-1559 changed how Ether...

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Gas Network - Blog

EIP-1559 Updates Across the Blocknative Mempool Data Platform

Ethereum's core gas fee marketplace mechanism is set to be upgraded at approximately 5:00am PST on August 5, 2021 – when EIP-1559 goes live as part of the London Hard Fork at block 12,965,000. This will update how Ethereum transaction fees are calculated, moving from a first-price auction to a hybrid system involving base fees and tips. Given that this change impacts every Web3 builder and trader, we have updated our core Mempool API, Gas Platform, Gas Estimator, and Mempool Explorer to ...

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Gas Network - Blog

EIP-1559 Updates Across the Blocknative Mempool Data Platform

Ethereum's core gas fee marketplace mechanism is set to be upgraded at approximately 5:00am PST on August 5, 2021 – when EIP-1559 goes live as part of the London Hard Fork at block 12,965,000. This will update how Ethereum transaction fees are calculated, moving from a first-price auction to a hybrid system involving base fees and tips. Given that this change impacts every Web3 builder and trader, we have updated our core Mempool API, Gas Platform, Gas Estimator, and Mempool Explorer to ...

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Gas Network - Blog

Comparing Ethereum Gas Estimators: How Blocknative Gas Platform Stacks Up

Gas impacts every Ethereum participant, and estimating a competitive gas price alongside market volatility is a complex task. This challenge is particularly evident under periods of extreme market volatility — such as Black Thursday in 2020 and the crypto crash in May of 2021 As we have previously explored, the mempool acts as a competitive gas fee marketplace because miners are incentivized to include – that is, confirm – transactions with the highest gas price. Understanding how the mempool...

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Gas Network - Blog

Comparing Ethereum Gas Estimators: How Blocknative Gas Platform Stacks Up

Gas impacts every Ethereum participant, and estimating a competitive gas price alongside market volatility is a complex task. This challenge is particularly evident under periods of extreme market volatility — such as Black Thursday in 2020 and the crypto crash in May of 2021 As we have previously explored, the mempool acts as a competitive gas fee marketplace because miners are incentivized to include – that is, confirm – transactions with the highest gas price. Understanding how the mempool...

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Gas Network - Blog

ETH Gas 101: An Introduction to Ethereum Gas for Traders and Builders

The principle behind Ether (ETH) gas is straightforward. For your transaction to become part of the Ethereum blockchain, you must pay gas fees to transact. And the amount of gas you must pay varies from block to block — depending upon mempool congestion. The gas price paid for each transaction acts as an incentive to miners for your transaction to be included in a block. The fee miners collect for this process needs to be attractive, but paying a high gas price can result in a profit loss for...

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Gas Network - Blog

ETH Gas 101: An Introduction to Ethereum Gas for Traders and Builders

The principle behind Ether (ETH) gas is straightforward. For your transaction to become part of the Ethereum blockchain, you must pay gas fees to transact. And the amount of gas you must pay varies from block to block — depending upon mempool congestion. The gas price paid for each transaction acts as an incentive to miners for your transaction to be included in a block. The fee miners collect for this process needs to be attractive, but paying a high gas price can result in a profit loss for...

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Gas Network - Blog

A Builder’s Introduction to the Mempool

The mempool is often referenced as a waiting room for pre-chain transactions, but “waiting room” is too passive of a term. It suggests it’s a casual place for transactions to hang out while they wait to be confirmed on-chain. In reality, it’s more like a battle zone. Bots can force their way in to exploit arbitrage opportunities. Transactions can change out of sight, leaving you and your traders unprepared for battle. Traders are your end-users, so you are building for them. The more attracti...

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Gas Network - Blog

A Builder’s Introduction to the Mempool

The mempool is often referenced as a waiting room for pre-chain transactions, but “waiting room” is too passive of a term. It suggests it’s a casual place for transactions to hang out while they wait to be confirmed on-chain. In reality, it’s more like a battle zone. Bots can force their way in to exploit arbitrage opportunities. Transactions can change out of sight, leaving you and your traders unprepared for battle. Traders are your end-users, so you are building for them. The more attracti...

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Gas Network - Blog

Introducing Simulation Platform: A Net-New Capability for the Ethereum Ecosystem

We are excited to introduce our new Ethereum Simulation Platform and provide every member of the ecosystem with ready access to live transaction simulations of pending marketable internal transactions. Simulation Platform unlocks profit potential for traders and helps protocols intercept malicious transactions before they can get confirmed on-chain. This is a new class of mempool Lego brick that serves to further level the playing field in Ethereum's Dark Forest. Introducing Blocknative ...

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Gas Network - Blog

Introducing Simulation Platform: A Net-New Capability for the Ethereum Ecosystem

We are excited to introduce our new Ethereum Simulation Platform and provide every member of the ecosystem with ready access to live transaction simulations of pending marketable internal transactions. Simulation Platform unlocks profit potential for traders and helps protocols intercept malicious transactions before they can get confirmed on-chain. This is a new class of mempool Lego brick that serves to further level the playing field in Ethereum's Dark Forest. Introducing Blocknative ...

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Gas Network - Blog

Understanding Ethereum Transaction Simulation — And Why It Matters

Transaction Simulation can unlock profit potential for traders and can help protocols intercept malicious transactions before they get confirmed on-chain. Today, transaction simulation is used by sophisticated, well-financed trading operations to help them see into the future. Like gas prices, slippage, confirmation order, and more, Transaction Simulation is rooted in the mempool. Simulation reveals all of the internal calls that execute inside a transaction. While these internal transactions...

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Gas Network - Blog

Understanding Ethereum Transaction Simulation — And Why It Matters

Transaction Simulation can unlock profit potential for traders and can help protocols intercept malicious transactions before they get confirmed on-chain. Today, transaction simulation is used by sophisticated, well-financed trading operations to help them see into the future. Like gas prices, slippage, confirmation order, and more, Transaction Simulation is rooted in the mempool. Simulation reveals all of the internal calls that execute inside a transaction. While these internal transactions...

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Gas Network - Blog

How Onboard.js Increases Web3 Signups and Engagement

ℹ️ Web3Onboard has joined the thirdweb family, please contact them for any support questions. In Web3, crypto wallets have largely replaced usernames and passwords as the primary method for accessing applications. But they still present many obstacles for developers — providing a crisp crypto wallet onboarding experience requires handling many edge cases and often involves custom code for every wallet an application wants to support. To increase Web3 adoption, Blocknative created and maintain...

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Gas Network - Blog

How Onboard.js Increases Web3 Signups and Engagement

ℹ️ Web3Onboard has joined the thirdweb family, please contact them for any support questions. In Web3, crypto wallets have largely replaced usernames and passwords as the primary method for accessing applications. But they still present many obstacles for developers — providing a crisp crypto wallet onboarding experience requires handling many edge cases and often involves custom code for every wallet an application wants to support. To increase Web3 adoption, Blocknative created and maintain...

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Gas Network - Blog

How real-time transaction monitoring transforms the NFT experience

Mintable is focused on driving NFT adoption. To accomplish this, they have built a marketplace for creators and end-users of digital collectibles. Their Web3 application makes it easy to trade and mint NFTs in seconds. Since launching in 2018, Mintable has leveraged Blocknative's mempool notifications to provide end-users with reliable and predictable blockchain transactions. Mintable recently launched V2 of their application. And to celebrate the launch of the next generation of Mintabl...

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Gas Network - Blog

How real-time transaction monitoring transforms the NFT experience

Mintable is focused on driving NFT adoption. To accomplish this, they have built a marketplace for creators and end-users of digital collectibles. Their Web3 application makes it easy to trade and mint NFTs in seconds. Since launching in 2018, Mintable has leveraged Blocknative's mempool notifications to provide end-users with reliable and predictable blockchain transactions. Mintable recently launched V2 of their application. And to celebrate the launch of the next generation of Mintabl...

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Gas Network - Blog

Blocknative Raises $5 Million to Illuminate the Dark Forest

We are excited to announce that we have raised $5 million in new financing, bringing our total raised to $7 million. Our latest round of financing is led by Blockchain Capital and includes participation from new investors IDEO CoLab Ventures, Coinbase Ventures, and Industry Ventures as well as existing investor Foundry Group. Over 200 projects use Blocknative in production – including Curve, Synthetix, Zapper, Gnosis Safe, Authereum, Bancor, RelayPay, dHedge, Gilded, Fairmint, Grid+, Pillar, ...

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Gas Network - Blog

Blocknative Raises $5 Million to Illuminate the Dark Forest

We are excited to announce that we have raised $5 million in new financing, bringing our total raised to $7 million. Our latest round of financing is led by Blockchain Capital and includes participation from new investors IDEO CoLab Ventures, Coinbase Ventures, and Industry Ventures as well as existing investor Foundry Group. Over 200 projects use Blocknative in production – including Curve, Synthetix, Zapper, Gnosis Safe, Authereum, Bancor, RelayPay, dHedge, Gilded, Fairmint, Grid+, Pillar, ...