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The trouble with gas.
A little over a month after its original release, Vether met its first challenger: Ethereum's gas properties. Vether originally allowed for unpriced (often considered "worthless") ERC-20 tokens to be burned for Vether, but Blurr, a member of the Discord channel, pointed out that Chi Gastokens could be used to exploit Vether, making it possible to burn less ETH for a larger share of VETH.
Although this still would allow for burning, this would change Vether from a Proof-of-Value asset to a Proof-of-Work asset. The community discussed and came to a consensus to retain the Proof-of-Value property by moving to a token upgrade which would disable that function and hence avoid any future issues related to gas on Ethereum.
This upgrade was deployed soon afterwards on June 24, 2020.
A series of generative art collections generated from on-chain transaction records on Ethereum to represent moments of blockchain history with NFTs.
This collection page is no longer in use.
Migrate your HASH NFT to the new ERC-721 HASH collection contract on https://hash.pob.studio
New collection page: https://opensea.io/collection/hash-by-pob
To learn more about HASH by Pob Studio visit: https://www.pob.studio/hash
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Vether V2 - Blurr
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The trouble with gas.
A little over a month after its original release, Vether met its first challenger: Ethereum's gas properties. Vether originally allowed for unpriced (often considered "worthless") ERC-20 tokens to be burned for Vether, but Blurr, a member of the Discord channel, pointed out that Chi Gastokens could be used to exploit Vether, making it possible to burn less ETH for a larger share of VETH.
Although this still would allow for burning, this would change Vether from a Proof-of-Value asset to a Proof-of-Work asset. The community discussed and came to a consensus to retain the Proof-of-Value property by moving to a token upgrade which would disable that function and hence avoid any future issues related to gas on Ethereum.
This upgrade was deployed soon afterwards on June 24, 2020.
A series of generative art collections generated from on-chain transaction records on Ethereum to represent moments of blockchain history with NFTs.
This collection page is no longer in use.
Migrate your HASH NFT to the new ERC-721 HASH collection contract on https://hash.pob.studio
New collection page: https://opensea.io/collection/hash-by-pob
To learn more about HASH by Pob Studio visit: https://www.pob.studio/hash
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