GasPrice
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#Binance #GasPrice #cryptotrading
Gas price refers to the cost of processing a transaction on a blockchain network.When a user initiates a transaction,the network requires a certain amount of computational resources to validate and execute the transaction.
Gas price refers to the cost of processing a transaction on a blockchain network.When a user initiates a transaction,the network requires a certain amount of computational resources to validate and execute the transaction.
EARLIER TODAY, #ETHEREUM AVG. GAS PRICE DROPPED TO 1.048 GWEI ($0.06)
An all Time low.‼️
The low price of transacting is a result of the flight of activity away from Ethereum's base layer to its layer 2 networks.
This drop is significant for several reasons-
➡️ Lower fees make the network more accessible to a broader audience
➡️Lower fees allows on chain transactions to be become much cheaper for users, prompting discussions about their long-term effect on the network.
Have you traded on ETh Blockchain recently? What do you think about the fees?
#CryptoNewss #ETHEREUM #GasPrice #LowestCPI2021
An all Time low.‼️
The low price of transacting is a result of the flight of activity away from Ethereum's base layer to its layer 2 networks.
This drop is significant for several reasons-
➡️ Lower fees make the network more accessible to a broader audience
➡️Lower fees allows on chain transactions to be become much cheaper for users, prompting discussions about their long-term effect on the network.
Have you traded on ETh Blockchain recently? What do you think about the fees?
#CryptoNewss #ETHEREUM #GasPrice #LowestCPI2021
