Post
Topic
Board Altcoin Discussion
Re: Beginner question about transaction fee
by
tvplus006
on 24/01/2023, 20:21:27 UTC
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...

The cost of the transaction fee depends on the network bandwidth, the complexity of the operation and the price of ETH. In the second half of 2023, it is planned to hold a fork of Shanghai, which is aimed at reducing commissions in the network. Vitalik Buterin promises that this hard fork will increase the throughput to 100,000 transactions per second, which will significantly reduce the commission on the network.