Why is Ethereum gas split into a base fee and a tip? A lot of people can't explain it!
The protocol automatically calculates the base fee based on usage in the previous block. If usage was above the target, the fee goes up; if it was below the target, it goes down.
With a base fee in place, wallets can calculate a reasonable fee based on on-chain conditions, so users don't have to keep guessing how much to pay.
Don't invest borrowed money; it can affect your judgment and lead you to make bad decisions.
$ETH 2538.36(+1.21%)
#ETH
The protocol automatically calculates the base fee based on usage in the previous block. If usage was above the target, the fee goes up; if it was below the target, it goes down.
With a base fee in place, wallets can calculate a reasonable fee based on on-chain conditions, so users don't have to keep guessing how much to pay.
Don't invest borrowed money; it can affect your judgment and lead you to make bad decisions.
$ETH 2538.36(+1.21%)
#ETH