Olumide Ogunjobi

Countries have been buying the idea of digital currency as a legal tender. Unlike traditional paper bills or metal coins, these digital currencies are secure tokens that the country’s central bank directly issues. Imagine being able to pay for any commodity, travel fee or easy swap of your currency with your phone and internet with ease and speed. Central Bank Digital Currencies (CBDCs) promise to redefine how people access money.

Being an integral part of Ethereum blockchain, gas fee becomes a matter of concern for its users. Amid Ethereum’s struggling position, the recent average gas fee drop has surprised the users. It recently fell down to the lowest level in the last five years, to $0.05 per transaction, sitting at 0.808 gwei. Users have to pay fees while  transferring funds, swapping tokens, using decentralized apps, or running smart contracts.

Like traditional financial markets, futures contracts have entered the crypto industry as well. Many people are quite familiar with trading in stocks and commodities, but now the crypto world is evolving and so is trading cryptocurrencies. Bitcoin (BTC) is the first and the biggest cryptocurrency in the world. Bitcoin futures contracts are carried out by traders on crypto exchanges like Binance, Bybit and many others.