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What Are Gas Limit and Gas Price for Ethereum Transactions?

what are gas limit and gas price

What are Gas Limit and Gas Price for ETH Transactions?

Transactions on the Blockchain are energy-consuming, and this explains the reason why Blockchain mining companies prefer low energy cost destinations.  As a result of the gas requirements for each transaction on the Blockchain, it is important for stakeholders to know the attendant gas limit and price.

Let’s delve into what gas limit and gas prices for ETH transactions are without any further ado.

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15 Bitcoin Price Predictions From the World’s Leading Speculators

bitcoin price predictions

Bitcoin’s “Monetary Policy”

“What percentage of your wealth should be tied up in bitcoin? A percentage that is equivalent to your understanding of how the technology works and your ability to absorb the risks it entails, which for most people is a small percentage”- A. Antonopoulos

Bitcoin is the single grandest financial experiment of the 21st century. A decentralized, global digital currency backed by cryptography; created and owned by the people, for the people, giving access to a global financial market to millions of unbanked people around the globe.

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Here’s How Blockchain-Enabled Systems Can Reduce Slavery in Asia’s Fishing Industry

Unbeknownst to most people, slavery and forced labor are still rampant in the supply chains of most seafood companies even today.

What’s even worse is that the various stakeholders in the industry are either not in a helping position or are simply disinterested in resolving the issue, essentially leaving hundreds of thousands of forced laborers across the world to fend for themselves.

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How Blockchain Has the Potential to Empower Content Creators

The emergence of the Web 2.0 forever changed the face of the internet. User-generated content became the order of the day, as the modern-day internet was actualized. The World Wide Web was no longer a static network, but one in which information began to flow from different corners of the globe at breathtaking speed.

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Why We Rebranded to Unblock.net from Bitcoin-Price.com

Hello fellow blockchain enthusiasts!

These are interesting times, and it’s a blessing to be here while it all happened.

Many of you are familiar with the analogy of Bitcoin and Email.

When the internet began gaining traction in the 1990s, email was the first application of internet technology, which was just a P2P network of computers and intranets back then.

So first adopters and newcomers naturally thought that Email was the Internet.

And then it blew up and grew to what it is today.

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Who is Andreas Antonopolous, the Bitcoin Sherpa

“As the adage of the entire internet once went: I just replaced your entire industry with 100 lines of Python code, and that’s exactly what we’re doing with Bitcoin.”- Andreas M. Antonopoulos, The Internet of Money

The cryptocurrencies are one of the highest trending topics of 2018. The catchphrases “Bitcoin price” and “How to buy bitcoin” are both at the 5th place of the most searched phrases on Google in 2017. But how can this be? If Bitcoin is not a company or an organization of some sorts, who pays for all the marketing? Is there any advertisement at all?

How did Bitcoin get to be one of the most trending subjects in the world if there’s no one behind it? If we justify the skyrocketing rise in the price of Bitcoin by the “massive adoption,” and in turn, explain the massive adoption by the skyrocketing price — then we’re just creating a spiral leading us nowhere. It’s clear that we’re missing something, but what is it?

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Adhive ICO Review- AI and Smart Contract Powered Influencer Marketing

adhive ico review

Adhive ICO Review-  An Overview

Adhive claims to be the first platform that fully automates ad placement with influencers, using AI to recognize when the influencer has performed the advertiser’s task and smart contracts to automate the payout.

So without any further ado, let’s delve into a detailed review of Adhive’s ICO.

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Faceter ICO Review- Intelligent Video Surveillance

faceter ico review

 

Faceter ICO Review – An Overview

Faceter is a system which makes video surveillance smart, by giving eyes to cameras — computer vision, facial recognition, object detection and video content analysis, in real time. Most video surveillance systems are of little use, and therefore inherently inefficient since it is only possible to record data via videos and store video archives. They are therefore backward-looking and dumb in that they cannot, and are completely unable to react to a situation when it is actually happening in real time.

Faceter is the first decentralized surveillance system for consumers. Faceter makes video surveillance smart, giving brains to cameras, through enhanced face detection, object detection, and real-time video analysis. These features allow cameras to understand the situation and respond to it, offering much better security to all the customers.

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YourBlock ICO Review

yourblock ico review

YourBlock ICO Review- An Overview

YourBlock is aiming to be the first Blockchain based comparison and incentive-based personal data storage platform. YourBlock combines the security, privacy, and scalability of private storage with the data integrity, immutability and accountability of the public Ethereum Blockchain.

Consumers will be rewarded with discounted products and services and then rewarded with YBK Tokens for using the platform. YourBlock enables the consumer to interact securely with third parties, take up services, manage paperwork, communicate and record communication.

So without any further ado, let’s delve into a detailed review of YourBlock’s ICO.

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