🗂️ Crypto Basics | Gas Fees
· Key point: Since the 2021 London upgrade (EIP-1559), Ethereum gas fees have been split into two parts: a base fee and a tip. The base fee is burned.
· Why it matters: Charging for every computation helps prevent malicious programs from clogging the network with operations like infinite loops.
· In practice: Before signing, check the estimated fee shown in your wallet. If it seems unusually high, stop.
$ETH 2403.75(-0.9%)
#ETH
· Key point: Since the 2021 London upgrade (EIP-1559), Ethereum gas fees have been split into two parts: a base fee and a tip. The base fee is burned.
· Why it matters: Charging for every computation helps prevent malicious programs from clogging the network with operations like infinite loops.
· In practice: Before signing, check the estimated fee shown in your wallet. If it seems unusually high, stop.
$ETH 2403.75(-0.9%)
#ETH