gas_fees
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#GasFeeImpact
The concept of incentives for work paid in fees (gas) was introduced to compensate miners for their work on maintaining and securing the blockchain—in addition to receiving block rewards.
After the proof-of-stake algorithm was rolled out in September 2022, a portion of the gas fee became the reward for staking ETH and participating in validation—the more a user has staked, the more they can earn.
Originally, gas fees were a product of a gas limit and the gas price per unit. In August 2021, Ethereum changed its calculations for gas fees to use a base fee (a set fee for the transaction set by the network), units of gas required, and a priority fee. The priority fee is a tip to the validator that chooses a transaction—the more you tip, the higher the chances are that your transaction will be processed faster.1
Gas and the Ethereum Virtual Machine (EVM)
Ethereum, as a platform and system, is designed to be used by others to create more use cases for blockchain and cryptocurrency. For this reason, it is commonly called the Ethereum Virtual Machine, because applications can be created that run on it. The EVM is essentially a large virtual computer, like an application in the cloud, that runs other blockchain-based applications within it.
#gas_fees
The concept of incentives for work paid in fees (gas) was introduced to compensate miners for their work on maintaining and securing the blockchain—in addition to receiving block rewards.
After the proof-of-stake algorithm was rolled out in September 2022, a portion of the gas fee became the reward for staking ETH and participating in validation—the more a user has staked, the more they can earn.
Originally, gas fees were a product of a gas limit and the gas price per unit. In August 2021, Ethereum changed its calculations for gas fees to use a base fee (a set fee for the transaction set by the network), units of gas required, and a priority fee. The priority fee is a tip to the validator that chooses a transaction—the more you tip, the higher the chances are that your transaction will be processed faster.1
Gas and the Ethereum Virtual Machine (EVM)
Ethereum, as a platform and system, is designed to be used by others to create more use cases for blockchain and cryptocurrency. For this reason, it is commonly called the Ethereum Virtual Machine, because applications can be created that run on it. The EVM is essentially a large virtual computer, like an application in the cloud, that runs other blockchain-based applications within it.
#gas_fees
#gas_fees If the network experiences high traffic, gas prices may increase.
On the other hand, they could decrease if there is not much traffic.
Therefore, understanding network congestion and timing transactions accordingly can help users manage their gas costs effectively
On the other hand, they could decrease if there is not much traffic.
Therefore, understanding network congestion and timing transactions accordingly can help users manage their gas costs effectively
After the #Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 #gas_fees According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, Base will be reduced from $0.58 to $0.01.
join @Dr Walaa Eddine to get more info and gifts 🎁🔥
$ETH $ARB $OP #HotTrends
join @Dr Walaa Eddine to get more info and gifts 🎁🔥
$ETH $ARB $OP #HotTrends
🔺🔺$STRK ______🔥 for STRK updates ⏫️⏫️⏫️
Starknet Introduces Blob on X Platform, Reducing Gas Fees to $0.01
STARK - BUY
Reason: StarkNet's successful implementation of blob technology demonstrates its technical prowess, likely attracting more users and investors.
Signal strength: HIGH
Signal time: 2024-03-13 15:58:47 GMT
#strkusdt #strk/usdt #StarknetUpdate #gas_fees #SignalAlert
Always DYOR. It’s not a call for smth, but our POV on the most likely asset move amid the event. What’s yours?
Starknet Introduces Blob on X Platform, Reducing Gas Fees to $0.01
STARK - BUY
Reason: StarkNet's successful implementation of blob technology demonstrates its technical prowess, likely attracting more users and investors.
Signal strength: HIGH
Signal time: 2024-03-13 15:58:47 GMT
#strkusdt #strk/usdt #StarknetUpdate #gas_fees #SignalAlert
Always DYOR. It’s not a call for smth, but our POV on the most likely asset move amid the event. What’s yours?
$GAS Gas Market Analysis (October 27, 2024)
**Current Price:** $3.905
**Market Sentiment:** Bullish
The natural gas market has displayed signs of bullish momentum today, driven by increased demand for heating as winter approaches. Current weather forecasts predict colder temperatures, which typically boost natural gas consumption. Additionally, recent reports indicate lower-than-expected inventory levels, further supporting prices. Analysts anticipate that these factors could propel gas prices higher in the coming weeks.
**Target Price:** $4.10
**Sell Price:** $3.85
Investors should keep an eye on weather patterns and supply chain dynamics, as these will be crucial in determining price movements. The market may remain volatile, so careful monitoring is essential for strategic trading decisions.
#GAS.24小时交易策略 #gas_fees #GAS/BTC #GasFeeSubscription $GAS
**Current Price:** $3.905
**Market Sentiment:** Bullish
The natural gas market has displayed signs of bullish momentum today, driven by increased demand for heating as winter approaches. Current weather forecasts predict colder temperatures, which typically boost natural gas consumption. Additionally, recent reports indicate lower-than-expected inventory levels, further supporting prices. Analysts anticipate that these factors could propel gas prices higher in the coming weeks.
**Target Price:** $4.10
**Sell Price:** $3.85
Investors should keep an eye on weather patterns and supply chain dynamics, as these will be crucial in determining price movements. The market may remain volatile, so careful monitoring is essential for strategic trading decisions.
#GAS.24小时交易策略 #gas_fees #GAS/BTC #GasFeeSubscription $GAS
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Gas Fee: The Invisible Cost of Crypto Transactions | 100-Day Challenge in the Crypto Space Day 80
Hello everyone! In today's 100-day challenge in the crypto space, let's talk about Gas Fee (transaction fee), which is an inevitable part of cryptocurrency transactions and blockchain applications. Gas Fee plays an important role in incentivizing miners or nodes in the operation of the blockchain, and it is also one of the costs that traders are most concerned about. So, what is Gas Fee? How does it work? And how can we reduce it? Let's explore today!
Toll on the highway 🚗
Imagine you're driving on the highway; the toll booths on the highway are like the Gas Fee system of the blockchain:
Toll on the highway 🚗
Imagine you're driving on the highway; the toll booths on the highway are like the Gas Fee system of the blockchain:
Fat Finger or Money Laundering:User Pays 4,000x the ETH Normal Fee
An anonymous crypto user has reportedly made a costly mistake, spending 34 ETH in gas fees to transfer just over $2,200 worth of Ether. This blunder resulted in a staggering $90,000 fee for a transaction that should have only cost a few dollars. According to data from Etherscan shared by a user called DeFiac on August 11, the user paid 34.26 ETH in gas fees (approximately $89,200 at current rates) to send 0.87 ETH, valued at around $2,262. At the time, Ethereum gas fees were as low as 2-4 Gwei, meaning a typical transfer would only set someone back about $5. This means the user overpaid by an incredible 1,783,900%.
Mistakes like these, often referred to as "fat-finger" transactions, are not rare in the crypto world. For instance, on October 10, 2023, an NFT trader accidentally paid 1,055 ETH (around $1.6 million) for an NFT that was only worth $1,000. Similarly, on April 6, a collector on OpenSea spent 100 ETH (about $191,000) on a free NFT mint, which led to allegations of wash trading. Even major players in the industry can slip up; in May 2021, Crypto.com mistakenly transferred $7 million to an Australian user, Thevamanogari Manivel, who then used the funds to purchase a luxury mansion in Melbourne and transferred around $4 million overseas. She was later sentenced to 209 days in jail for "trading in proceeds of crime."
While the excessive gas fee could be a simple error, it might also hint at a more complex scheme, such as money laundering. Users must be aware of which Ethereum validators are processing their transactions and ensure they are sent correctly. The anonymous user would have needed to coordinate closely with these validators to prevent funds from being misallocated. An October 2023 report highlights the importance of understanding crypto staking in this context.
#ETH🔥🔥🔥🔥 #ETH大涨 #gas_fees #gwei
Mistakes like these, often referred to as "fat-finger" transactions, are not rare in the crypto world. For instance, on October 10, 2023, an NFT trader accidentally paid 1,055 ETH (around $1.6 million) for an NFT that was only worth $1,000. Similarly, on April 6, a collector on OpenSea spent 100 ETH (about $191,000) on a free NFT mint, which led to allegations of wash trading. Even major players in the industry can slip up; in May 2021, Crypto.com mistakenly transferred $7 million to an Australian user, Thevamanogari Manivel, who then used the funds to purchase a luxury mansion in Melbourne and transferred around $4 million overseas. She was later sentenced to 209 days in jail for "trading in proceeds of crime."
While the excessive gas fee could be a simple error, it might also hint at a more complex scheme, such as money laundering. Users must be aware of which Ethereum validators are processing their transactions and ensure they are sent correctly. The anonymous user would have needed to coordinate closely with these validators to prevent funds from being misallocated. An October 2023 report highlights the importance of understanding crypto staking in this context.
#ETH🔥🔥🔥🔥 #ETH大涨 #gas_fees #gwei
BNB Chain has announced a gasless payment solution for stablecoins USDT, USDC, and FDUSD.
💵 BNB Chain has announced a gasless payment solution for stablecoins USDT, USDC, and FDUSD.
The development will be carried out in partnership with centralized exchanges. The initiative aims to simplify the use of stablecoins, allowing for faster integration into everyday life. $BNB
🔗 Bitget Wallet and SafePal have already integrated the gasless solution. The Binance Web3 wallet and Trust Wallet will follow suit soon.
#BNBAnalysis #stabilcoin #gas_fees #DODOEmpowersMemeIssuance
The development will be carried out in partnership with centralized exchanges. The initiative aims to simplify the use of stablecoins, allowing for faster integration into everyday life. $BNB
🔗 Bitget Wallet and SafePal have already integrated the gasless solution. The Binance Web3 wallet and Trust Wallet will follow suit soon.
#BNBAnalysis #stabilcoin #gas_fees #DODOEmpowersMemeIssuance
During a bull run in cryptocurrency, people might experience losses for various reasons. Here are five common ones to watch out for:
Lack of Research: Investing without researching the fundamentals of a cryptocurrency can lead to losses.
Overleveraging: Using too much leverage can result in significant losses, especially if the market becomes volatile.
FOMO (Fear of Missing Out): Making rushed investments out of fear of missing out can lead to buying at peak prices.
Poor Risk Management: Not setting stop-loss orders or investing more than one can afford to lose can result in substantial losses.
Ignoring Market Cycles: Failing to understand market cycles may lead to buying high and selling low, which goes against profitable trading strategies.
Approach investing cautiously and ensure you're well-informed about the assets you're investing in.
#SPIX #gas_fees #hfm #HYVE
Lack of Research: Investing without researching the fundamentals of a cryptocurrency can lead to losses.
Overleveraging: Using too much leverage can result in significant losses, especially if the market becomes volatile.
FOMO (Fear of Missing Out): Making rushed investments out of fear of missing out can lead to buying at peak prices.
Poor Risk Management: Not setting stop-loss orders or investing more than one can afford to lose can result in substantial losses.
Ignoring Market Cycles: Failing to understand market cycles may lead to buying high and selling low, which goes against profitable trading strategies.
Approach investing cautiously and ensure you're well-informed about the assets you're investing in.
#SPIX #gas_fees #hfm #HYVE
$GAS **Gas Price Analysis: Current Sentiment and Outlook**
As of today, the price of gas stands at $3.880, showing signs of bullish sentiment driven by increased demand and supply constraints. Seasonal factors, including rising heating demand as winter approaches, may push prices higher in the short term. Market analysts project a potential surge towards the $4.00 mark if current trends persist, supported by ongoing geopolitical tensions impacting supply chains.
However, bearish indicators loom, including potential increases in production from OPEC+ and fluctuations in crude oil prices, which could lead to short-term corrections. Therefore, traders should monitor these developments closely.
**Sell Price Recommendation:** $3.850
**Target Price:** $4.00
Investors should remain cautious, as market volatility may lead to swift changes.
#GAS.24小时交易策略 #GAS.每日智能策略 #GasFeeSubscription #gas_fees #Write2Earn! $GAS
As of today, the price of gas stands at $3.880, showing signs of bullish sentiment driven by increased demand and supply constraints. Seasonal factors, including rising heating demand as winter approaches, may push prices higher in the short term. Market analysts project a potential surge towards the $4.00 mark if current trends persist, supported by ongoing geopolitical tensions impacting supply chains.
However, bearish indicators loom, including potential increases in production from OPEC+ and fluctuations in crude oil prices, which could lead to short-term corrections. Therefore, traders should monitor these developments closely.
**Sell Price Recommendation:** $3.850
**Target Price:** $4.00
Investors should remain cautious, as market volatility may lead to swift changes.
#GAS.24小时交易策略 #GAS.每日智能策略 #GasFeeSubscription #gas_fees #Write2Earn! $GAS
$GAS IGNITES WITH FURY!
In a lightning-fast 3 minutes, a surge of 357K USDT poured into $GAS , spiking volume by 11%! The price holds steady at $5.36 (-0.06%), but this is no ordinary move — it's a pressure cooker ready to blow!
With 24H volume at 3.53M USDT and the last signal just 2 days ago, the buyers are back, hungrier and more aggressive than ever. Is this the calm before a fiery breakout or the whisper of a calculated trap?
Volatility’s engine is roaring — are you fueling up for the ride or getting left in the dust?
$GAS is primed and ready. Will you ride the flames or get scorched?
#gas_fees #ETHHits4KAgain #VANAOpening
In a lightning-fast 3 minutes, a surge of 357K USDT poured into $GAS , spiking volume by 11%! The price holds steady at $5.36 (-0.06%), but this is no ordinary move — it's a pressure cooker ready to blow!
With 24H volume at 3.53M USDT and the last signal just 2 days ago, the buyers are back, hungrier and more aggressive than ever. Is this the calm before a fiery breakout or the whisper of a calculated trap?
Volatility’s engine is roaring — are you fueling up for the ride or getting left in the dust?
$GAS is primed and ready. Will you ride the flames or get scorched?
#gas_fees #ETHHits4KAgain #VANAOpening
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Ethereum developers launch an initiative to reduce the cost of gas fees.
Ethereum continues to face the challenge of high gas costs, crucial for transactions and smart contract execution. Initiatives such as choosing schedules with lower demand and EIP-4844 seek to significantly reduce these costs.
https://criptokio.com/noticias/desarrolladores-ethereum-iniciativa-reducer-coste-gas-fees/
#Ethereum✅ #gas_fees
Ethereum continues to face the challenge of high gas costs, crucial for transactions and smart contract execution. Initiatives such as choosing schedules with lower demand and EIP-4844 seek to significantly reduce these costs.
https://criptokio.com/noticias/desarrolladores-ethereum-iniciativa-reducer-coste-gas-fees/
#Ethereum✅ #gas_fees
$GAS Hello guys this is the short information for you regarding #GASUSDT unfortunately he is break the high resistance leval and bulish trend 📉
✅And anyone hold short sell position so please exite and any want yo be trade then make sure you tack position with buy side.
🔥new people make sure follow me for more updates. i hop this post is helpfull for your your treding journey.
#BinanceAlphaAlert
#USJoblessClaimsDrop
#MicroStrategyAcquiresBTC
#gas_fees
✅And anyone hold short sell position so please exite and any want yo be trade then make sure you tack position with buy side.
🔥new people make sure follow me for more updates. i hop this post is helpfull for your your treding journey.
#BinanceAlphaAlert
#USJoblessClaimsDrop
#MicroStrategyAcquiresBTC
#gas_fees
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