Network fees

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High Network Fees Explained

23 Oct 2020 4 minute read 5 comments Guarda Wallet

What is Gas? Gas, Satoshi, Should I refuel my car with Asian fuel? Not quite so. If you are a little familiar with the vast world of the ecosystem built by the Ethereum Foundation, the word “gas” will not cause you anxiety attacks. Just like satosh...

Ethereum Outpaces Bitcoin in Terms of Network Fees

13 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Ethereum (ETH) network has experienced considerable activity since the passing of many DeFi developments in Q2 2020. The latest data shows that Ethereum is outpacing Bitcoin with respect to network fees as well. Bitcoin's (BTC) average fee is $4...

Ethereum Surpasses Bitcoin in Daily Network Fees

9 Jun 2020 1 minute read 8 comments Abhimanyu Krishnan

The daily total network fees of the Ethereum (ETH) blockchain surpassed that of Bitcoin’s on June 6 and 7, an extremely rare occurrence for the network. This has been accompanied by heavy transaction activity, largely contributed to by Tether (USDT)....