Ethereum Fees and Vitaliks New Proposal | Ivan on Tech

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Ethereum Fees and Vitaliks New Proposal

Welcome to this episode of Ivan on Tech. In this episode Ivan is chilling by a lake and talks about the Ethereum fee market, bitcoin fee market and in general cryptocurrency fee markets. The fee's and transactions are picked by the miners. The miners will choose the blocks with the highest transaction bids to mine. For example if 4 people bid $1 and 1 person bids $10 then the miners will choose to mine the most profitable for them. This creates a bad situation and transaction costs can get out of hand for no real reason.

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Vitalik has thought about this issue and a new proposal aims to help facilitate transaction fees and make them more fair and equal. You can learn more about this topic and see some ducks in this episode of Ivan on Tech.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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