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The Ethereum network has entered its most extended period of token deflation since &#8220;the Merge.&#8221; A New Ethereum Gas Guzzler The ETH supply is shrinking again. Ethereum gas fees spiked...

Ethereum’s Supply is Shrinking Again. Here’s Why

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&lt;!-- SC_OFF --&gt;&lt;div class=&quot;md&quot;&gt;&lt;p&gt;Yesterday, Gaurav posted a proposal on how to bring IBC to Ethereum via ZK-Snarks.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Sypnosis:&lt;/strong&gt; The current problem surrounding ETH &amp;lt;&amp;gt; Cosmos is that verifying signatures on-chain, on Ethereum is a gas guzzler. With ZK tech, Gaurav proposes a way to reduce this cost drastically without changing the core structure of IBC.&lt;/p&gt; &lt;p&gt;Wrote a thread below as well to simplify the proposal.&lt;/p&gt; &lt;p&gt;Appreciate RTs/likes and let me know what you think about it! :)&lt;/p&gt; &lt;p&gt;&lt;a href=&quot;https://twitter.com/SatriaPamudji/status/1569895091837468674?s=20&amp;amp;t=tcaAtrMaOEEHLgC1GDir-g&quot;&gt;https://twitter.com/SatriaPamudji/status/1569895091837468674?s=20&amp;amp;t=tcaAtrMaOEEHLgC1GDir-g&lt;/a&gt;&lt;/p&gt; &lt;/div&gt;&lt;!-- SC_ON --&gt; &amp;#32; submitted by &amp;#32; &lt;a href=&quot;https://www.reddit.com/user/satriapamudji&quot;&gt; /u/satriapamudji &lt;/a&gt; &lt;br/&gt; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/ethereum/comments/xdroch/bringing_ibc_to_eth_cosmos_via_zksnarks/&quot;&gt;[link]&lt;/a&gt;&lt;/span&gt; &amp;#32; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/ethereum/comments/xdroch/bringing_ibc_to_eth_cosmos_via_zksnarks/&quot;&gt;[comments]&lt;/a&gt;&lt;/span&gt;

Bringing IBC to ETH <> Cosmos via ZK-snarks

Gas fees, the fees users pay to transact and to use applications on the Ethereum blockchain, has been on the rise for quite some time, both in monetary terms and in terms of the ire of the users. 

Gas DAO drops GAS tokens, becomes gas guzzler of the day

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Ethereum’s Supply is Shrinking Again. Here’s Why

Bringing IBC to ETH <> Cosmos via ZK-snarks

Gas DAO drops GAS tokens, becomes gas guzzler of the day

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