Ethereum Avg Transaction Fee exploding to almost 3$ !
Will they reach Bitcoin transaction fees? Any thoughts on this?
Is Ether growing so rapidly that tech can't follow fast enough?
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Maybe we should ask first how transaction costs are calculated. For ethereum that would be the amount of "Gas" x "cost of Gas" . For standard transaction (no smart contract) which's only purpose is to send or receive value the gas is fix at 21k, multiplied by the cost of gas.
A way to lower transaction costs would be to send multiple payments in one transaction. Any other thoughts on this?
Not good they start to act like banks
Well there will be solutions in the future, im sure :)
Yes shure :)