How to Optimize Transaction Costs
Navigating Ethereum gas fees in 2024: Strategies for optimizing transaction costs
Ethereum gas fees are the transaction fees that users pay to execute operations on the Ethereum network. Gas fees are determined by two factors: gas price and gas limit. Gas price is the amount of ether (ETH) that users are willing to pay for each unit of gas, measured in gwei (1 gwei = 0.000000001 ETH). Gas limit is the maximum amount of gas that users are willing to spend for a transaction, measured in units of gas. The total…