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Can blockchain transactions be too cheap? Ask Ethereum DLNews 20 Aug 2024

Can blockchain transactions be too cheap? Ask Ethereum 💸

Transaction fees on Ethereum, the premier smart contract network, have reached an unprecedented low.

This drop in fees marks a significant shift in Ethereum's usual transaction cost, potentially influencing how users engage with the network.

The reasons behind this decrease could include reduced demand or improvements in network efficiency.

Continued low fees might have long-term implications for Ethereum's competitive position in the cryptocurrency space.

Quelle: www.dlnews.com ↗

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