Why do some public blockchains have very low fees and produce blocks lightning-fast, while others are more expensive and slower?
First, the basics: Different public blockchains choose different consensus mechanisms and design trade-offs, so their block times, confirmation speeds, and fees vary.
The reasoning behind it: When comparing public blockchains, don’t just look at their advertised transactions per second. Also consider how decentralized their validators are, how many times they’ve gone down, and whether people are actually using their applications.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain. It is used to pay gas fees and for staking. Current price: 2564.92.
Don’t stake all your savings on a single judgment.
#ETH
First, the basics: Different public blockchains choose different consensus mechanisms and design trade-offs, so their block times, confirmation speeds, and fees vary.
The reasoning behind it: When comparing public blockchains, don’t just look at their advertised transactions per second. Also consider how decentralized their validators are, how many times they’ve gone down, and whether people are actually using their applications.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain. It is used to pay gas fees and for staking. Current price: 2564.92.
Don’t stake all your savings on a single judgment.
#ETH