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BitInfoCharts. "Ethereum - Avg. Transaction Fee." Jack Dorsey vs. Vladimir Tenev on Bitcoin transaction fees Have you ever wondered what is the best blockchain to send USDT and why Ethereum blockchain is so expensive (is it?) in terms of gas fees, and what is the best alternative? The transaction fees paid do not end up with the creator of the Ethereum wallet. Instead, you pay for transactions that miners perform in the network. Ethereum’s gas fees incentivize validators to operate nodes and keep the blockchain live. Under a proof-of-work system, gas fees are paid to miners for processing transactions. In the forthcoming proof-of-stake system, gas fees will go to stakers for lending their ether (ETH) to the protocol. "Because you see the transaction fees for Bitcoin and Ethereum, no one would ever use that database to build anything on, right? My analogy for non-copyright people is, would you want to fill your car at $50, you know, week after week, and then one week at $600? And that's effectively what high gas fees are on Ethereum," he said. Visit Website.
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To some degree, this perhaps explains why Bitcoins adoption and appeal has become so widespread in the last few years.. During its initial years, bitcoin had limited popularity and would occasionally breach the double-digit threshold but would soon return to the single-digit price range. Litecoin transaction fee costs only $0.03 to $0.04 for a single transaction. For Micro Ether futures, it's the CME CF Ether Reference Rate.
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