Will the Ethereum 2.0 update reduce high gas fees? By Cointelegraph
Will the Ethereum 2.0 update reduce high gas fees?
Purpose of 2.0
The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees.
While the full effects of the update will not be felt until it is fully rolled out, some of the possible use cases for Ethereum 2.0 include:
The Ethereum platform’s popularity
The number of transactions on the Ethereum network
Addressing scalability and high gas cost concerns with Ethereum 2.0
Tips and tricks to spend less gas fees on Ethereum
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Education News Click Here
For the latest news and updates, follow us on Google News.