Post
Topic
Board Altcoin Discussion
Topic OP
ETHEREUM: THE RAPID FLUCTUATIONS IN GAS FEES
by
Rebek
on 03/11/2021, 21:50:35 UTC
The ETH  blockchain is a crazy place to play now. So I initiated a transaction  about 6 hours ago, the transaction took  6 hours  before it finally got confirmation on the Ethereum blockchain network,  I nearly did the   cancel/replace option.  First and foremost, I did my checks on ethgasstation  and etherscan.io/gastracker before initiating  the whole transaction  and realised  the "cheapest" gas fees was 98 Gwei. So to be on the safer side, I decided  to use 100 Gwei (~$24) yet look at the stress I've been through  all day. ETH blockchain  is messed up now.  What happened  to ETH 2.0?.

Imagine  if the transaction  had failed after 24 hrs, I would have no choice but to cancel/replace the pending  transaction  with a higher gas fees. Clearly,  with a failed transaction, ~ $60 worth of ETH  would just go  waste🗑