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?
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