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RE: The Steemit Crypto Academy Week 4: All About the Ethereum Blockchain

in SteemitCryptoAcademy • 5 years ago

Good Bro. And Prof. Gbenga
Nice breakdown.

It is true the gas fees on Etherum based transactions has been considerably high thereby discouraging Alot of people and even causing a migration to other cheaper networks.

Ethereum's aim is to let people send cryptocurrency to anyone for a small fee (but this is not the same again as ETH gas fee can go up to $100 )1. In fact, recently, an entity paid $2.6 million as gas fee to send $130 2.

Please refer back to statement as I have quoted above.

I will be making my submission soon. Thanks.

5 years ago in SteemitCryptoAcademy by
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     5 years ago 

    Hello @samsuccess, I find it really hard to comprehend what you meant in your comment. This to be precise

    Please refer back to statement as I have quoted above.

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       5 years ago 

      There was a correction to be made, so I was drawing your attention to it. I do understand what you meant but I hope others will.
      Thanks.

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         5 years ago (edited)

        I have checked that over and over again and that quote doesn’t need correting... please share the correct thing if you can..

        N.B: I haven't edited the post so the post hasn't changed from its initial look when i posted.

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           5 years ago 

          Ethereum's aim is to let people send cryptocurrency to anyone for a small fee (but this is not the same again as ETH gas fee can go up to $100 )1. In fact, recently, an entity paid $2.6 million as gas fee to send $130 2.

          I was considering it should be 2.6 million USD as gas fee to send 130 Eth.

          I might be wrong but that's what I thought. Please correct me.

          Thanks

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             5 years ago (edited)

            Sincerely I am really surprised that you didn’t see the dollar sign behind the figure. Anyway, thanks but the post was okay

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