Why are transaction fees on some public blockchains almost negligible and blocks produced so quickly, while others are more expensive and slower?
Different public blockchains choose different consensus mechanisms and design trade-offs, so block times, confirmation speeds, and transaction fees can vary considerably.
When transferring between public blockchains, make sure the networks match. The same token is often represented by different contracts on different chains.
$ETH is the native coin of Ethereum, a layer 1 public blockchain, and is used to pay for gas and staking. Current price: 2254.74.
If anything is unclear, leave a comment and ask me.
#ETH
Different public blockchains choose different consensus mechanisms and design trade-offs, so block times, confirmation speeds, and transaction fees can vary considerably.
When transferring between public blockchains, make sure the networks match. The same token is often represented by different contracts on different chains.
$ETH is the native coin of Ethereum, a layer 1 public blockchain, and is used to pay for gas and staking. Current price: 2254.74.
If anything is unclear, leave a comment and ask me.
#ETH
