Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is currently the second most expensive blockchain to send transactions on, after Bitcoin. The high cost of sending Ethereum transactions is due to the high amount of gas that is […]
How To Calculate Ethereum Gas Fees
When you send Ethereum, you are actually sending transactions. These transactions need to be processed by miners, and in order to incentivize them to do this work, they are rewarded in Ethereum’s internal currency, Gas. The amount of Gas that a transaction consumes is proportional to the amount of work that the miners need to […]
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