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wbnns.base.eth 🔵
@wbnns
Tomorrow (Wednesday) we're raising the gas target to 29 Mgas/sec; this helps keep fees low as more and more people use Base
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Bixby Snyder 🎩
@bixbysnyder.eth
Can you please explain this to me in a way that I can understand? I'm not familiar with what setting a gas target for GWEI or whatever does to reduce Base fees.
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wbnns.base.eth 🔵
@wbnns
Gas is what is paid as fees for transactions in each block. The less space there is in a block, the more expensive gas can be. So as more people use Base, if the gas target stays low, prices will go up. But if we increase the gas target, we create more space for gas which keeps gas costs low.
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Bixby Snyder 🎩
@bixbysnyder.eth
I really appreciate you taking the time to lay that out for me so clearly! Thank you @wbnns 35 $DEGEN
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