# Пов'язані статті щодо Ethereum

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Ethereum", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Refuting the Ethereum 'Abandoning' ETH Narrative: What Does It Really Mean to Pay Gas Without ETH?

Title: Refuting the "Ethereum Abandoning ETH" Argument: What Does Paying Gas Without ETH Really Mean? The debate sparked by Vitalik Buterin's discussion of EIP-8141 (Frame Transactions), which suggests users could pay transaction fees without holding ETH, has led to extreme claims that ETH will lose its value. However, this perspective misunderstands the proposal. Currently, an Ethereum user initiating a transaction must also pay the network's Gas fee in ETH. EIP-8141 aims to decouple these actions. It allows a transaction to be split into separate "frames." A user could sign a transaction to, for example, send USDC, while a separate Paymaster account pays the required ETH Gas fee on their behalf. The user would then settle the cost with the Paymaster using USDC or another token. From the user's perspective, they pay in a stablecoin without interacting with ETH. Crucially, from the Ethereum protocol's perspective, the Gas is still paid in ETH; only the settlement layer between the user and Paymaster changes. This concept isn't entirely new; ERC-4337's Account Abstraction already allows similar Gas sponsorship. EIP-8141 seeks to integrate this capability more natively. The core goal is to drastically improve user experience by abstracting away the complexity of Gas, similar to how one pays with a credit card abroad without handling the local currency. It also enables atomic operations, like bundling token approval with a swap, which would revert together if the swap fails. Regarding ETH's value, the argument that "no ETH is needed" is incorrect. While users may not hold ETH, Paymasters and services must still acquire and spend ETH to pay network fees on the backend. The demand for ETH shifts from being distributed across millions of user wallets to being concentrated in the balances of these service providers. The key variable is whether this improved usability attracts significant new users and increases overall network activity. If it does, total ETH burned in fees could rise substantially. If it doesn't, the change merely reshuffles who holds the ETH needed for Gas. In summary, EIP-8141 aims to lower the entry barrier by hiding Gas complexity, betting that this will drive broader adoption and increase the fundamental utility—and thus demand—for the Ethereum network and ETH itself.

marsbit18 год тому

Refuting the Ethereum 'Abandoning' ETH Narrative: What Does It Really Mean to Pay Gas Without ETH?

marsbit18 год тому

Arthur Hayes Discusses Japanese Capital Repatriation, Fed Policy Direction, and AI Capital Misallocation

Arthur Hayes, CIO of Maelstrom, argues that a key catalyst for the next crypto bull run is the forced unwinding of Japan's massive yen carry trade. Japanese institutions, like the GPIF pension fund, are being pressured to repatriate capital, selling foreign assets (like US Treasuries) and buying yen. To prevent market disruption, Hayes expects the Fed to accelerate dollar liquidity creation, using facilities like the FIMA Repo to fund this shift. He identifies the EUR/JPY exchange rate as a critical leading indicator for this impending liquidity surge. Hayes also highlights a massive capital misallocation in AI, where companies with unsustainable unit economics are propped up by government spending driven by geopolitical narratives. He predicts eventual government bailouts for these AI firms, leading to further currency debasement. This combination of Japanese capital repatriation and wasteful AI spending will funnel unprecedented liquidity into scarce assets like Bitcoin and gold. Regarding the Fed, Hayes believes Chairman Warsh, despite past hawkish rhetoric, will ultimately accommodate government spending needs, keeping rates steady and using "technical" operations to expand the balance sheet. He is bullish on Bitcoin potentially breaking its all-time high by year-end, though the path will be volatile. For crypto allocations, Hayes favors Ethereum (ETH) as a high-risk/reward, large-cap play in the coming liquidity cycle, given its significant underperformance in the last cycle.

marsbitВчора 00:56

Arthur Hayes Discusses Japanese Capital Repatriation, Fed Policy Direction, and AI Capital Misallocation

marsbitВчора 00:56

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