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Article • about 3 years ago

Orchid: Tackling High Gas Fees on Ethereum with Multi-Chain Compatibility

Orchid
Orchid: Tackling High Gas Fees on Ethereum with Multi-Chain Compatibility
Summary
  • Ethereum's high gas fees have been a constraint on its growth and scalability, preventing potential users and developers from participating in Ethereum projects.
  • The London Hard Fork introduced a base fee and priority fee system to calculate transaction costs, reducing mining profits but not significantly decreasing fees for users.

Source: https://blog.orchid.com/gas-fees-explained-a-deep-dive-into-ethereums-transaction-fee-structure/

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