Ethereum gas station.

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Avatar for alberdioni8406
4 years ago

I have on my domain of assets almost 90% of them in ERC-20 tokens built on top of the Ethereum network and I believe many of crypto enthusiasts have the same portfolio composed by projects created on the ETH mainnet. That is something which is painful this days as the network of Ethereum is seen some huge congestion and to conduct any transaction need to pay some big fees to make it processed and have it going thru!

Those transactions aren't cheap and due to DeFi (decentralized finances) projects those gas fees (the money needed to pay to process any transaction on Ethereum mainnet) have been facing some huge increase, some days it even reach $55 to pay miners to get funds go thru on the network and that is something I particularly don't see as good to small investors who are willing to take part on the DeFi projects and not only, it's something that is somehow opposed with the principles of decentralized assets:

  • Cheap, fast transactions where anyone can secure money in a personal wallet without have to pay huge fees to Banks (that isn't what is happening with Ethereum network).

But as the crypto ecosystem evolute also big inconveniences come along with it (glad that I still have BCH that is more fiable, reliable and the best with pennies to transfer money, the perfect solution to crypto) so to conduct transactions on Ethereum must also have knowledge on the best ways to pay those fees controlling the gas fees station to know which time is the best to send or receive your assets before the Ethereum 2.0 got released (which could reduce the fees on the ETH mainnet) so Gas Now brought by Spark Pool is a good tool to help in that way.

At Gas Now anyone could see the best time to conduct operations on the Ethereum network and of course all info is in really time, and particularly I love to use this tool and I know exact time to send my assets.

I know that is a tool which is important right now to avoid those high fees, but if anyone wanna interact with DeFi projects of course the fees may be different as this protocols also cover they transactions with customers funds*, so I advise you to evaluate the risks to deal with smart protocol for trading purposes or even liquidity mining.

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Take care.

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4 years ago

Comments

Nice

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4 years ago

Thank for sharing the important information 😉

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4 years ago

My pleasure 🙏

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4 years ago

Thanks for your sharing important tropic with us.we will helpful to this article.

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4 years ago

My pleasure to share it with read.cash community and thanks for passing by 🙌

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4 years ago

nice article.i'm new here.so plz support me

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4 years ago