Post
Topic
Board Press
Re: [2018-07-18] ‘Wow’: Ethereum Fees Higher Than Bitcoin’s For First Time Ever
by
Snaic
on 18/07/2018, 21:36:06 UTC
Ethereum traders were feeling the pressure July 18 after average transaction fees on its network surpassed Bitcoin’s for the first time in history.
Full article on Bitcoinist
Here it is necessary to take into account that in the last week the transaction fees on ethereum were strongly raised in price. The gas level for the transaction in the ethereum was periodically raised from the usual 21,000 to 150,000 or more. Accordingly, the total amount of commission fees increased. At the same time, due to the drop in the number of transactions in bitcoin, commission fees in recent months are falling. So this is not a good statistic for ethereum.