High Gas Fees, How can we fix this?

By Juris Formaran | Less Trade Trader | 20 Aug 2020

Andreas M. Antonopoulos is a bitcoin advocate, tech entrepreneur, and author. 

He wrote and published the following books:

  • Mastering Bitcoin: Unlocking Digital Currencies 
  • Mastering Bitcoin 2nd Edition: Programming the Open Blockchain 
  • Mastering Ethereum: Building Smart Contracts and dApps 
  • The Internet of Money (Volume 1) 
  • The Internet of Money (Volume 2) 
  • The Internet of Money (Volume 3)

Today, he posted a video in his Youtube channel about skyrocketing network fees:

Here's the summary:

He said that it can be fixed probably in 3 ways by:

1. Increase the underlying block size which creates problems with decentralization

2. Implement various forms of side chains or

3. Implement a layer to technology

For more information watch the video below:

Happy Learning!

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Juris Formaran
Juris Formaran

Juris Doctor, Financial Management Degree Holder, Entrepreneur, Investor and Trader

Less Trade Trader
Less Trade Trader

As a trader and investor, We always need a strategy. A strategy that is simple, dynamic, and profitable. It must also applicable to your conviction in trading and personal circumstances. In order to create your own strategy in trading, a trader or investor must: 1. Learn it 2. Trade it 3. Earn from it 4. Repeat it. My blog will provide news, information, learning, and insights about cryptocurrencies to help you devise a strategy.

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