Iran conflict leads to Hormuz Strait blockade, impacting global fertilizer supply chains and other markets. Urea prices have risen to $601, affecting agricultural production costs. Meanwhile, WTI crude oil approaches $90, and Bitcoin has also risen due to safe-haven demand, demonstrating market interconnectedness. Urea price increases are mainly due to production reliance on natural gas, with the blockade directly affecting transportation routes.
Ethereum founder Vitalik Buterin proposed a new fast confirmation rule that guarantees Ethereum transactions become irreversible within 12 seconds, aiming to improve the existing mechanism that requires 6.4 minutes for final confirmation. This proposal relies on the majority of validator nodes being honest and network latency being below 3 seconds. If these prerequisites hold, it can effectively enhance user experience.