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Rising Gas Fees in the Run-up to Ethereum 2.0 Upgradeby@michaelgarbade
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Rising Gas Fees in the Run-up to Ethereum 2.0 Upgrade

by Michael Garbade3mAugust 10th, 2020
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Miners on the world’s second-largest blockchain protocol voted to increase the gas limit from 10 to 12.5 million Gwei. This increase of 25 percent in miner fees contributes to the more than 75 percent rise year-to-date. Gas fees are a measure of economic activity on the blockchain protocol. The rising fees point to an increase in usage of the Ethereum network. The community has a mixed reaction to the increasing gas fees as the network gears up for the Etheruem 2.0 upgrade scheduled for July.

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Michael Garbade

Michael Garbade

@michaelgarbade

Co-founder/CEO - Education Ecosystem

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Michael Garbade@michaelgarbade
Co-founder/CEO - Education Ecosystem

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