Most people know that when you want to send a cryptocurrency transaction, you need to pay a fee. But what many people don’t know is that the Ethereum network charges higher fees than Bitcoin. This can be a bit of a problem if you want to use Ethereum for transactions, because the fees can quickly […]
Where Do Ethereum Fees Go
When you send a transaction on the Ethereum network, you are charged a fee. But where does that fee go? The fee goes to the miners who are verifying and committing your transaction to the blockchain. Miners are rewarded for their work by being awarded new Ethereum tokens with each block they mine. The Ethereum […]
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Who Gets The Gas Ethereum
When you send a transaction on the Ethereum network, you must include a payment for the “gas” that will be used to execute it. This article explains who gets the gas Ethereum. When you send a transaction on the Ethereum network, you must include a payment for the “gas” that will be used to execute […]
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14 Min
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