Discover and read the best of Twitter Threads about #gasfee

Most recents (3)

(1/10) Due to the high cost of spamming the #network, #Ethereum miners are compensated for the energy consumed in verifying #transactions.

But what exactly is this compensation fee? Learn more below ⛽️🧵…
(2/10) ⚡️What is ETH Gas Fee? ⚡️

Gas fees are an efficient way to encourage #miners to continue confirming transactions and maintaining network security.

They are still the most despised component of #Ethereum for every user. 💸🔒
(3/10) People despise gas taxes not simply because they dislike taxes in general but also because they can be exorbitantly expensive if the #network is overburdened. 💱💲
Read 10 tweets
Many of you are aware of the current problems with #LUNC out of gas failing transactions. Good news first: A solution is in the works! But I want to explain to those who are interested what I researched and what @edk208 was so kind to confirm to me that they suspect similar …
When you make transactions of #LUNC or #USTC to the chain via #TerraStation (and by other means), first there is a simulated transaction done to get the estimated "Gas" that will be consumed by the transaction. The Station then takes this estimation, adds a bit of safety …
… amount to it and then sends the actual transaction.
What now happened is, that the code that calculates the actual tax on-chain, writes the tax spent to a storage for statistics. This can be queried per block, so it is a permanent and increasing storage. Putting anything …
Read 11 tweets
1.Well You guys asked and we couldn't handle the hype of delivering our @GuildOfGuardian report 🧵

Have a GOG read⬇️

#GOG is a mobile #blockchain multiplayer, fantasy, action RPG where players build their #NFT dream team of Guardians and compete in a #guild to earn epic rewards
2.The game is developed by @StepicoGame and built on @Immutable.

#GOG ambitious goal started in early 2020 and it is set to take off thanks to these 4 main areas where the GOG team wants to focus the most when making the #blockchain game.
3.@Immutable is a #layer2 #protocol that will in fact power the core technology that allows users to trade with zero #gasfee and with much higher #TPS (transactions per second) compared to @Ethereum.

This is a key point when it comes to #gaming infrastructure ⬇️
Read 32 tweets

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