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Transaction fees are currently $0.50. I doubt we’ll see such high gas fees after switching to proof-of-stake.
by halpmeh 4y ago
Transaction fees are currently $0.50. I doubt we’ll see such high gas fees after switching to proof-of-stake.
- LegionMammal978 4y agoWhich blockchain are you talking about? Ethereum switched to proof-of-stake almost 3 months ago now, and gas fees were pretty much unaffected from what I can tell.
- halpmeh 4y agoI was judging the tx cost from this: https://ycharts.com/indicators/ethereum_average_transaction_fee https://ycharts.com/indicators/ethereum_average_transaction_...
- simpsond 4y agoPoS hasn’t had much impact. The leveling out there is more like related to fewer transactions. Proto dank sharding, which may ship in 2023, should have a bigger impact on gas fees.
- LegionMammal978 4y agoIf you wanted to see the effects of the PoS switch (3 months ago), you'd have to choose a shorter timescale, like 6 months. It's been going down slightly, but not drastically, and only in proportion to the decrease in daily transaction count (as simpsond mentioned).