Gas is an important part of the Ethereum network. It is used to pay for transactions and to reward miners. The higher the gas price, the faster a transaction will be processed. The gas price is determined by the miners. They can set the price as high as they want. This means that the price […]
Why Is Ethereum Gas Fees So High
Ethereum gas fees have been on the rise lately, with average fees reaching around $0.50 per transaction. So why are Ethereum gas fees so high, and what can be done to reduce them? Ethereum gas fees are high because the network is congested. The number of transactions on the Ethereum network has been growing rapidly, […]
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