Latest Posts with GAS tag

GAS

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Moving BNB (Ethereum) to BNB (Smart Chain) without huge gas fees

18 Oct 2021 2 minute read 2 comments SpoilerAlert

Before you read this, don’t forget to sign up for a free publish0x account to earn free crypto just for reading articles. Claim and/or tip at the bottom of each post. Binance Smart Chain has been a blessing for reducing gas fees and opening DeFi to m...

WHY is Ethereum GAS so expensive?

31 Aug 2021 1 minute read 0 comments CTN

I just read that data storage on most blockchain networks is much, much more expensive than traditional online storage systems. It was mentioned in a recent post that in May 2021 the cost to store one megabyte of data directly on Ethereum was approxi...

OpenSea’s “Gas Free” NFT Marketplace on Polygon

15 Aug 2021 3 minute read 10 comments Freelance_Ghostwriting

As an artist and photographer, I’ve been minting NFTs on OpenSea. Everything is digital today, and I believe NFTs are the future of art and photography, even though it is mainly a “collectibles” marketplace right now. I have chosen to use the Polygon...

Why Is DeFi Expensive

26 Jul 2021 6 minute read 4 comments CryptoWingnut

In a previous article, I talked about gas prices, I talked a little bit about what determines how much gas you pay for a transaction. Earlier today, I was talking to a friend, who was complaining about needing to pay $5 in gas to withdraw from a posi...

Gas Prices

1 Jul 2021 5 minute read 1 comment CryptoWingnut

In today’s post we are going to take a look at what gas prices are on a network such as Ethereum (ETH). Gas powers the transactions and is how you pay your transaction fees, so it is important to understand them beyond just a couple of numbers that s...

Ethereum Gas Explained

27 Jun 2021 5 minute read 7 comments RelyOnCrypto

The amount of computing work required to accomplish particular operations on the Ethereum blockchain is measured in gas. The name itself was not picked at random. Similarly, to how gasoline fuels a car and allows it to drive, gas fuels transactions o...

Ethereum Wallets and Gas Explained

12 Jun 2021 6 minute read 4 comments RelyOnCrypto

An Ethereum wallet, also known as a node, is a computer program that stores your private key, or "secret password," and allows you access over your coins. It also gives you a public Ethereum address, which others will use to send you Ether, Ethereum'...

Ethereum Layer 2 Scaling

6 Jun 2021 4 minute read 0 comments RelyOnCrypto

Since the network's inception, one of the most widely discussed subjects has been Ethereum scaling. After a time of significant network congestion, the scaling argument always heats up. One of the earliest instances of this occurred during the 2017 c...

Ethereum and its challenges towards ETH2.O From Berlin to London.

11 May 2021 1 minute read 0 comments AJ78

The start of 2021 brought with it never-before-seen levels in gas transaction fees on the Ethereum blockchain. As you surely know, last April, this Blockchain was updated with the well-known "Berlin update". With block number 12,244,000 reached and p...

Moving Altcoins Between Exchanges

2 May 2021 1 minute read 3 comments SBenbow

Don't you just hate high gas or transaction fees? When you are trading in relatively specialist altcoins, such as WAX, you may need to move your funds between exchanges.  But they all want a piece of the action. Low Fees For the newbies out there (l...