follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: What Are Ethereum Gas Fees, and Why Are They So High?  (Read 1094 times)

Offline ExtraPoint

  • Sr. Member
  • *
  • *
  • Activity: 593
  • points:
    10850
  • Karma: -5
  • SolarBox
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 18, 2023, 06:10:48 PM
    • View Profile

  • Total Badges: 20
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
What Are Ethereum Gas Fees, and Why Are They So High?
« on: September 19, 2022, 05:43:10 AM »
The Ethereum gas fee is the charge you pay when performing any transaction on the Ethereum blockchain. The Ethereum blockchain operation requires a certain amount of computational effort, which cryptocurrency miners perform

http://www.makeuseof.com/best-ethereum-mining-software/

Altcoins Talks - Cryptocurrency Forum

What Are Ethereum Gas Fees, and Why Are They So High?
« on: September 19, 2022, 05:43:10 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline cryptoworld1

  • Plagiarism strike
  • Full Member
  • *
  • Activity: 248
  • points:
    14546
  • Karma: 2
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: April 11, 2024, 07:05:32 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    Search Karma too active, 25 Posts in one day
Re: What Are Ethereum Gas Fees, and Why Are They So High?
« Reply #1 on: September 01, 2023, 06:21:04 PM »
Ethereum can process 15 transactions per second and with millions of users using the blockchain at the same time, the network gets congested. When you make a transaction, it competes with other transactions to get in the next block and get sent to the network to get validated. So, if the network is congested and your competitor might pay something extra to push the transaction ahead of others. This increases the gas fees.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod