$ETH
Gas fees on Ethereum (ETH) prioritize transactions by incentivizing miners to process higher-paying ones first. Used by ETH, Polygon (MATIC), and$ARB
Arbitrum (ARB), gas fees measure computational effort in “gas units.” Users bid higher fees during network congestion to expedite transactions, as seen in DeFi or NFT minting surges. MATIC’s layer-2 solution reduces gas costs, while ARB’s Optimistic Rollups batch transactions for efficiency. High fees ensure network security but can exclude low-value transactions, favoring wealthier users. ETH’s PoS reduces energy costs but not necessarily fees. MATIC and ARB enhance affordability but rely on Ethereum’s security. Balancing accessibility and prioritization remains a challenge. $QI
#GasFees #Ethereum #Blockchain #Scalability #Crypto
Do high gas fees deter you from using Ethereum?