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Daksh Kaushal
@dakshkaushal.eth
I thought gas fees were simple. Turns out, they’re not. Here’s my dive into Ethereum gas, why fees fluctuate, and how devs optimize them. 🧵👇 #web3 #ethereum #crypto #web3Development
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Daksh Kaushal
@dakshkaushal.eth
2/ Gas fees are what you pay to execute transactions on Ethereum. But why do they keep changing? The answer: network congestion & computation cost. Every smart contract operation has a gas cost (e.g., storing data costs more than reading it). The more complex your contract, the higher the gas.
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Daksh Kaushal
@dakshkaushal.eth
3/ Then comes gas price (set in gwei). It’s like bidding for block space. Higher price = miners prioritize your transaction. But there’s a catch… EIP-1559 introduced a Base Fee & Tip model. Base fee adjusts dynamically per block, while tips (priority fees) incentivize miners. No more blind bidding!
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