LD 77: Economics of Ethereum
- ethgas.io
- ethviewer.live
- Historical Gas prices
- Expensive txn
- Miners earn a block reward of 2 ETH + Gas fees
- A block has a gas limit
- Miners prioritize blocks with high gas price
- Users post txns with a Gas price, Gas fee = Gas price x Gas used
- in times of congestion, txns with low Gas price are stuck
- Spammers must pay Gas fees!