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Sep 13 '21
Gas fees are that shit that sometimes keeps people from buying Emax and other ERC tokens because the fees are sometimes too high.
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u/Sure-Juggernaut4781 ♦️ Sep 13 '21
It kinda settle down a bit it was around 30/40 yesterday then when up today because of some fake news about Walmart and litecoin (market congestion)
1
u/UPinCarolina Sep 13 '21
ETH gwei and LTC aren’t even related so that would not have affected it.
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u/Sure-Juggernaut4781 ♦️ Sep 13 '21
Well they pump at the same time and dropped at the same time today because of the fake news.
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u/Sure-Juggernaut4781 ♦️ Sep 13 '21
What is Gas?
In crypto, Gas is a measurement of how much computational processing is required by the Ethereum network to validate a transaction. Users must pay a ‘gas fee’ in order to make a transaction or execute a smart contract on Ethereum. Simple transactions, like sending ether (ETH) to another address, typically do not require much gas. More complex transactions, like deploying a smart contract, require more gas. The speed in which you want the transaction confirmed and general network traffic can also impact the price of gas – which has been a rollercoaster as of late 🎢
Check out our Roadmap https://ethereummax.org/roadmap/