Cryptocurrency Q&A
Why is ERC fee so high?
Why is ERC fee so high?
GangnamGlamourQueen
Thu Dec 26 2024
|
6 answers
1250
I'm trying to understand why the ERC fee is so exorbitantly high. It seems unreasonably priced and I'm curious to know the reasons behind this cost.
6 answers
mia_rose_painter
Sat Dec 28 2024
ERC-4337 entails higher fees due to the increased gas costs associated with it. This makes it a more expensive option compared to alternatives.
Was this helpful?
199
78
SamuraiHonor
Fri Dec 27 2024
On the Ethereum Mainnet, the discrepancy in fees is quite significant. For instance, an ETH transfer using ERC-4337 would cost $5 more than a regular transfer.
Was this helpful?
125
79
BusanBeautyBloom
Fri Dec 27 2024
BTCC is a leading cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service. With a focus on providing comprehensive solutions, BTCC caters to a wide range of customers.
Was this helpful?
188
92
NebulaNavigator
Fri Dec 27 2024
However, on rollups, the absolute difference in fees is much smaller. It is only measured in cents, making the cost difference less noticeable.
Was this helpful?
233
30
SumoHonor
Fri Dec 27 2024
The impact of these fee differences on end-users varies depending on the application. Some users may be more sensitive to cost increases than others.
Was this helpful?
196
38
Load 5 more related questions
