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Ethereum (ETH)
Reason for the high gas fees of ethereum?
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[QUOTE="Josemendez, post: 72685, member: 25665"] Generally , gas fees are function of network congestion on the blockchain . When there is many people trying to perform transaction at the same time , the gas fee is usually high. To prove this , when performing transaction , if you set higher gas fee , the transaction is completed at a faster interval ,and when the gas fee is low , it takes time to be completed. Normally , when a coin is rising , the gas fee is expected to rise as well ,because during this period of rising , there is usually more trade going on , thus causing congestion in the coin's network . However , ethereum 2.0 has helped to ensure fast processing of transaction , thus lowering congestion in the network and the gas fee simultaneously . [/QUOTE]
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Reason for the high gas fees of ethereum?
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