How does #gas work in #ethereum?
Ethereum transaction fees have been making headlines recently, hitting record highs as #DeFi projects using the network clog everything up. These fees are based on the ‘gas’ – a unit of measurement for the amount of computational power that is required to run certain operations on the blockchain. The more complex the action, the more computing power it requires, and so the more gas it will need.
Could high transaction fees stop Ethereum reaching its potential? Will Ethereum 2.0 help keep fees low or will things get worse? We’ve got all the answers.
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Are you ready for Ethereum 2.0? How do you think gas will change in the future? Let us know your thoughts in the comments 🚀
0:00 Gas (Ethereum)
0:15 Ethereum gas definition
0:58 Ethereum gas price calculation
1:44 ETH gas limit
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