Ethereum’s Buterin Cards Project Becomes Top Gas Guzzler
The Buterin Cards project, which aims to upload 2,015 non-fungible tokens (NFTs) paying homage to Vitalik Buterin, co-founder of the Ethereum blockchain, has become the top gas guzzler on the Ethereum network. It accounted for 13.1% of the total gas units used over the past three hours, surpassing Uniswap and Tether’s public address. The project uses a unique NFT minting process called JPEG mining, where image data is stored on-chain rather than just metadata. Miners receive cards featuring images of Vitalik Buterin as they mine. The project has generated significant transaction fees, with 318.31 ETH worth $665,670 in the past 24 hours.
What are Buterin Cards?
The Buterin Cards project is an initiative that aims to create 2,015 NFTs dedicated to Vitalik Buterin. These NFTs are unique as they use a process called JPEG mining, which stores image data directly on the blockchain instead of just storing metadata. The smart contract verifies the correctness of the data by computing its hash to prevent miners from uploading arbitrary data. As miners work on mining these NFTs, they are rewarded with cards featuring varying quality levels of Vitalik Buterin’s image. This innovative project has gained significant attention and has contributed to increased gas usage on the Ethereum network.
Hot Take: Ethereum’s Buterin Cards Project Drives Gas Usage
The Buterin Cards project on Ethereum has become a major driver of gas usage on the network. With its unique approach to NFT minting using JPEG mining, it has attracted significant attention and transaction activity. By dedicating 2,015 NFTs to Vitalik Buterin, the project has paid homage to one of the key figures in the Ethereum blockchain. However, this surge in gas usage has also highlighted the scalability challenges faced by Ethereum. As the demand for NFTs and other decentralized applications continues to grow, Ethereum will need to find solutions to handle increased transaction volumes and reduce gas costs for users.
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