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Author Topic: I'm scared of ethereum gas fee  (Read 1894 times)
shawonngp
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October 22, 2020, 09:49:41 PM
 #201

The same question crossed my mind because of this problem when I was doing some transactions several days ago. We were really worried about it and had to pay a higher gas fee for the transaction. Hopefully, this will be addressed soon with the release of Policy 2.0. Sooner or later the fees will be normal. If all goes well, gas prices will fall and output will increase through transactions. I pray and hope that the high fees will come to an end.

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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October 22, 2020, 11:13:40 PM
 #202

because it still uses POW, it is only natural that gas costs can be very high. but take it easy because ETH has a plan that converts PoW into PoS, so the gas costs will be cheaper later because the block verification costs are more efficient and environmentally friendly.

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October 22, 2020, 11:54:12 PM
 #203

Everybody is scare of ETH gas fee now, the purpose of blockchain is to be cheaper than that of traditional way of doing transactions. But ETH has been doing the opposite for almost two months now.

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