Post
Topic
Board Altcoin Discussion
Re: Why is gas fee so high?
by
Holucoin10
on 31/07/2018, 12:45:54 UTC
as we know now the gas fee to send of a token is very high. what will be the reason?

they says that the etherium blockchain is congested.
[/quote

Apparently, higher Ethereum transaction costs must have a cause. As of right now, there are a lot of speculations regarding newly developed Crypto-exchanges spamming the Ethereum blockchain with transactions due to their voting process(es). It is possible that it’s indeed causing a hefty increase in the number of transactions, and it highlights the need for a scalable blockchain. If this situation continues, such high gas prices will become the new normal and cause a lot more issues down the line.