#GasFeeImpact Gas fees can significantly impact the cryptocurrency and blockchain ecosystem .High gas fees can make transactions more expensive for users, potentially pricing out smaller transactions or less affluent users.
WHY IT IS IMPORTANT?
Gas fees protect blockchain networks from potential attacks. Without this financial barrier, malicious actors could flood networks with endless computational loops at no cost.
UPCOMING NEWS
Emerging layer 2 scaling solutions, like Optimism or Polygon, aim to reduce gas fees and improve scalability, but their impact is still being studied.
