Post
Topic
Board Altcoin Discussion
Re: Why Gas Fee is too High?
by
Imran232
on 22/03/2022, 23:04:41 UTC
After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.

With this, I'm able to express my feelings.

Let me clarify first, I don't have any technical knowledge, but as per my research, I got some information regarding etherum's high fees. First, it depends on the demands of users and how much users are sending or transferring funds through the Ethereum network. Actually, because of the ethereum network, lots of new projects are being built on the networks and they are transferring through the network. Because they need to share funds with other users, they need to transfer funds fast because that is the reason they paid high fees. As a result of the algorithms, the networks generate high fees; however, it is the users who generate high fees.Because of the high volume of transactions, the fees increase.is the simple logic regarding this topic. Actually, I think this, but others' opinions might be different. Thank you.