Right now I can see that Ethereum has fee is very high and it's annoying, I thought after the Ethereum upgrade the gas will be lower? Ethereum is at 1500$ imagine what will happen at 10,000$ per Ethereum.
Once a network experience heavy traffic or a very congested network, it is expected that there will be a high fee and slow transaction because there's always prioritization of miners.
Main Question
Assuming I hold 0.001 ETH mainly for a gas fee only and the value was 0.56$ then price surge up, is the increment going to be on the Sats? E.g ( 0.002 ETH ) or the increment is going to be on the value? E.g 0.001 ETH = 1.06$?
Sats? We're not talking about Bitcoin, they're totally different from the Ethereum network.
It's
(WEI) a denomination of ETH.
Yes, it's the value that the fee always matters.
For a better understanding read this how
transactions of Ethereum work and what is
GAS.