Cryptocurrency Q&A
Why is ETH network so expensive?
Why is ETH network so expensive?
Andrea
Wed Nov 13 2024
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6 answers
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I'm really curious about why transactions on the Ethereum network are so costly. It seems like every time I want to make a transfer or interact with a smart contract, I have to pay a hefty gas fee. What's the reason for this high cost?
6 answers
CryptoTamer
Fri Nov 15 2024
ETH gas fees are known for being high, stemming from various interconnected factors.
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emma_rose_activist
Fri Nov 15 2024
This increase in users and dApps has led to a heightened competition for network resources.
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ShintoBlessed
Fri Nov 15 2024
These factors primarily reflect the operational constraints and demand placed on the Ethereum network.
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Martina
Fri Nov 15 2024
One of the key reasons for high gas fees is network demand and congestion.
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EnchantedSeeker
Fri Nov 15 2024
As Ethereum's popularity continues to surge, the number of users and decentralized applications (dApps) has grown significantly.
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