Finance News
By Maheen Hernandez
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The gas fees is a big problem in the Ethereum Network. Why you have to pay gas fees on Ethereum?
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Anytime you want to send a transaction or interact with a smart contract and you want to pay a fee, you want to pay the gas fee.
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So, the gas fee or the transaction fee that you see wherever you go confirm your transaction, it is effected by two things.
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Considering a situation where it is important to send ETH from one account to another that transaction will always cost you 21,000 units of gas – that is the gas cost, that is…
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So, how to determine the transaction fees is effected by two other things, the gas price can be looked at the gas station.
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So, when you take that one step further, and you multiply this by the price of Ether to get the actual dollar amount that you pay or whenever you are seeing this transaction…
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When thinking counter intuitively, the transactional cost is actually reflective of demand. So, people want to buy Ether, that making the Ethereum price go up when lot of…
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