standard GAS 60K
but is good if GAS over 100K, with gwei is high
Topic: Gas Price - page 2. (Read 612 times)
GAS is so overpriced, if it's too expensive to do smartcontracts on NEO then no ones going to use it. GAS needs to be cheap for the ecosystem to work.
the ethereum network has 2 different currencies: ether and gas. neo works the same way. ether is the basic unit of value that gets moved around, and gas is the fee that provides the incentive to move it. in neo, gas is separated out as a different token that can be traded.
May I know what is the purpose of gas price in myetherwallet? I am still confused about it and can someone please briefly explain it.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
It is transaction fee. PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
I don't know why this is confusing to you, when you send bitcoin you have to pay fee. When you send ethereum you have to pay fee - and that fee is called gas.
Gas Price is one account to other wallet transaction fee. When you transaction your token from your ether account to other ether account you will give transaction fees and it called gas price. It just my opinion. You will take more information on https://myetherwallet.github.io/knowledge-base/gas/what-is-gas-ethereum.html
May I know what is the purpose of gas price in myetherwallet? I am still confused about it and can someone please briefly explain it.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
Its the transaction fee if you are going to compare it to bitcoin terminology. I'm pretty sure that you want to send your tokens to a exchanges and you can't because its asking for gas. The best way to go over it is to deposit ETH on you myetherwallet account so that you can send your tokens to any exchanges and trade it. Goodluck.
May I know what is the purpose of gas price in myetherwallet? I am still confused about it and can someone please briefly explain it.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
It is transaction fee. PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
I don't know why this is confusing to you, when you send bitcoin you have to pay fee. When you send ethereum you have to pay fee - and that fee is called gas.
It serves like it is a fee for you to withdraw your coin from the my ether wallet site. But instead of transaction fees it is called gas price. But I could be wrong though, that's just how I understand it.
May I know what is the purpose of gas price in myetherwallet? I am still confused about it and can someone please briefly explain it.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
PS: I don't know if this topic is accepted in altcoin discussion since myetherwallet could store altcoins from ICOs then I think this topic is a good fit here.
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