How does the block gas limit affect transaction fees in Ethereum?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the impact of the block gas limit on transaction fees in Ethereum. When the block gas limit is low, the fees tend to be higher due to increased competition among transactions. However, it's important to note that the block gas limit is not controlled by any specific exchange or platform. It is determined by the Ethereum network itself and is subject to change based on network conditions. As a user, you can optimize your transaction fees by adjusting the gas price and gas limit when sending transactions on the Ethereum network. Remember to consider the current block gas limit and market conditions to ensure your transactions are processed efficiently and cost-effectively.
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