Can Flow Repeat Early Success? Vitalik Buterin Proposes Ethereum Gas Model Overhaul. How Does This Affect Raboo?

The post Can Flow Repeat Early Success? Vitalik Buterin Proposes Ethereum Gas Model Overhaul. How Does This Affect Raboo? appeared first on Coinpedia Fintech News

Vitalik Buterin, one of Ethereum’s co-founders, recently proposed overhauling the Ethereum gas model to overcome one of Ethereum’s greatest obstacles. Meanwhile, Flow’s NFT-based infrastructure aims to repeat its early success, proving it’s more than a flash-in-the-pan.

One new crypto that’s pressuring Flow is Raboo, a brand-new meme coin revolutionizing the market during its ICO. Analysts are wondering what the impact of the proposed Ethereum gas fee overhaul could have on this Ethereum-minted meme coin.

Flow: Scalable NFT platform searching for renewed growth

Flow quickly established itself as a leader in the NFT sector with its decentralized platform that provided a scaling solution for digital representation within Web3. Its superb efficiency and low-cost platform that uses the proof-of-stake (PoS) consensus mechanism is one part of Flow’s well-thought-out architecture that’s proven attractive to investors.

After a prolonged period in the wilderness, Flow’s price surged in Q1 of this year. After starting February at just $0.7113, it took flight during the bull run leading up to mid-March, peaking at $1.6436 for the first time since October 2022. This 130% increase, while symptomatic of the overall warming of the crypto market, has made Flow one to watch again in the second half of this year.

The proposed Ethereum gas model catches investor’s eyes

One of the drawbacks of Ethereum over the years is its high gas fees compared to newer, more scalable, and flexible blockchain systems. Vitalik Buterin proposes introducing a third gas fee to work alongside the current two, which pay for data storage and transaction execution.

While this sounds complicated, Buterin’s proposal recommends managing all three Ethereum gas fees with a model that simultaneously and automatically modifies the allocation of costs. As a result, developers could finally see improvements to the platform’s scalability.

The added potential of Ethereum ETFs could further boost Ethereum’s prospects this year as it looks to build on the solid gains accumulated in Q1.

Raboo: New crypto upstart gaining massive presale momentum

Nothing sets the pulses of crypto investors racing more than exciting new crypto hitting the market, and Raboo is one such coin that’s making the investors sit up and take notice.

This new crypto meme coin is far more than another rip-off wannabe; it’s the real deal with its compelling mix of innovative AI technology and SocialFi capabilities. While users can employ the proprietary Rabooscan tool to create new memes before monetizing them through the platform’s unique post-to-earn initiative, investors can enjoy staking their native $RABT tokens for passive income.

With an online NFT marketplace and voting rights, there are plenty of reasons why investors are flocking to this new crypto presale, which has already raised nearly $1.5 million in liquidity. Now in stage 3 of its ICO, priced at just $0.0042, Raboo is the best new crypto this year.

Conclusion

While analysts remain optimistic about Flow’s prospects in the second half of 2024, the jury remains undecided on Buterin’s Ethereum gas fee proposals. However, Raboo faces no such doubts as its presale goes from strength to strength. As a result, it’s no wonder experts are launching 100x predictions this year, making it a new crypto investment hotshot.

You can participate in the Raboo presale here.

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