- Дата: 27-03-2023, 14:38
Like every car, the Ethereum network wants fuel for its secure operation. We know it as gasoline. As Ethereum beneficial properties recognition, more decentralized finance (DeFi) transactions are adopting it. Unfortunately, because of the congestion of so many DApps and individual users, this gasoline charge keeps increasing. So, what is an Ethereum gas fee, and how can you save cash on them? What Are Ethereum Gas Fees, and Why Are They So High? The Ethereum gas price is the cost you pay when performing any transaction on the Ethereum blockchain. The Ethereum blockchain operation requires a certain amount of computational effort, which cryptocurrency miners carry out using Ethereum mining software. To maintain the Ethereum network operational and secure, miners receive ETH (the crypto coin of Ethereum) as a reward for his or her contribution to the community. The ETH coin rewards come from the gas payment. Cryptocurrency transactions are grouped in what is named a block.