GasTracker

GasTracker

Ethereum Classic ETC blockchain explorer.

GoPlus Security: The soaring Arbitrum Gas fee is due to the fact that L2 essentially uses a bidding model, and the more users there are, the more expensive it is: According to news on June 29, in response to today’s soaring Arbitrum Gas fee, GoPlusSecurity wrote an analysis that the essential reason is that L2 also uses a bidding model. Specifically, the cost of L2 is divided into two parts, one part is the L1 data submission fee, and the other part is the operation cost of the L2 sequencer itself. In theory, the first part is that the more people there are, the cheaper it will be for each person; the second part is that the more people there are, the more expensive it will be. "Although I know that the operating cost of L2 may be high in theory, I have never seen it in practice. This Arbitrum Odyssey event is so popular that it directly leads to the fact that the cost of L2 can be even higher than that of L1."

GoPlus Security said, "In fact, as long as the calculation is charged, all L2 will have this problem. Therefore, for each L2 project, this must be optimized." In terms of solutions, GoPlus Security believes that there are two main options for L2 , One is to optimize the billing model, and the other is to reduce the actual cost of Computational, such as Nitro. (Medium)[2022/6/29 1:40:11]

A trader paid more than $550,000 in gas fees to mint 1,000 Tubby Cats NFTs: Jinse Finance reported that Twitter user and BAYC #4098 holder cr0ss.eth revealed that according to Etherscan data, an NFT trader paid Minted 1,000 NFTs from Tubby Cats for over $550,000 in gas fees. It is reported that the minting transaction cost is 100 ETH, or about $270,994, but the NFT trader paid 204 ETH gas fees, or about $553,000, which means that in order to mint these 1,000 Tubby Cats NFTs, it cost a total of more than 300 ETH . [2022/2/24 10:14:06]

Dynamics | ETC will hold a conference call tonight to discuss the Gas-Limit issue: ETC officially tweeted that it will hold a conference call at 13:00 UTC on December 27 (21:00 Beijing time) to discuss the Gas-Limit (user The maximum amount of Gas willing to pay for performing an operation or confirming a transaction), the background of the meeting is that GasToken is filling up blocks with a size of 1 gb per day. The goal of the meeting is to provide miners and mining pools with useful information to help them make informed decisions. [2019/12/27]

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