Media about us

Why Is Gas Still A Thing When Using Blockchains?

Apr 17, 2024

Post image

The concept of “gas” when paying transaction fees has been introduced to the masses with Ethereum, where all usage of the platform requires paying a fee in Ether (ETH), the native token of the platform. The concept of paying for using a particular network or payment system is nothing new, but traditional finance and merchants have always “hidden” the extra fees from buyers. Why isn’t the same being done in blockchain?

The answer is complex, but boils down to inertia from “getting used to” older solutions. There are a lot of improvements already developed, many more under development, but the question is, as always, “when will they be used?”

Let’s see how the gas experience came to be, and how it might be fixed for good in the future. Read Full Article


Media about us