Ethereum Gas Price is Rocket High Now
Have you noticed that the average gas price of Ethereum has been up a lot in last 2 days. Now the gas price for an average 5 minutes transaction is costing above at least 45 gwei now, which is around USD$0.40 plus. Furthermore, if you need to send out a token transaction, which requires much higher gas limits that will even cost you a fortune too.
Here is the screenshot I just took a few minutes ago.
If you have a urgent transaction and need to be confirmed within few minutes, you should review the ethgasstation.info and/or gastracker. I found both sites providing the most updated and accurate gas price related information always. It is extremely important to follow the suggested gas price and limited at the moment for all urgent and important transaction, or you may get hours long pending transaction and may even failed or rejected later.
I hope it will help out a bit if you have not noticed about the situation and good luck!
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I love the idea and intention of people starting cryptos, but the fact is that it should be low in transaction fees; the whole idea of crypto is to have instant and cheap transactions. It seems like crypto world is going out of that track.
then you should try EOS!
There was a lot of discussion about EOS, but I was unable to try and research on EOS because I'm very much into PRIVACY, everyone said it is better than ETH.
I'll check that out. Thanks for the info.
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