Sunday Thoughts – How are Gas Prices Going to Affect Usage of Ethereum?
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The last few days have been turbulent. Uniswap launched its token and did a free airdrop to everyone who has used the decentralized exchange in the past. Thousands of people received $1200, almost the same size as the stimulus check that US citizens received during the Corona crisis. It was free money. Many people got excited and wanted to claim their tokens as soon as possible. Unfortunately, the Ethereum blockchain has one big problem: block space is rare and costly. Gas prices exploded. They hit a record level of almost 1.000 gwei! How will this continue? How will these levels of gas prices affect the usage of Ethereum? Let’s talk about it!
Sunday Thoughts – How are Gas Prices Going to Affect Usage of Ethereum?
Sunday Thoughts – How are Gas Prices Going to…
Sunday Thoughts – How are Gas Prices Going to Affect Usage of Ethereum?
The last few days have been turbulent. Uniswap launched its token and did a free airdrop to everyone who has used the decentralized exchange in the past. Thousands of people received $1200, almost the same size as the stimulus check that US citizens received during the Corona crisis. It was free money. Many people got excited and wanted to claim their tokens as soon as possible. Unfortunately, the Ethereum blockchain has one big problem: block space is rare and costly. Gas prices exploded. They hit a record level of almost 1.000 gwei! How will this continue? How will these levels of gas prices affect the usage of Ethereum? Let’s talk about it!