retard here, can someone please explain what the actual fuck ethereum fees are? like what is the purpose / cause of them and why the fuck havent they been minimised or completely removed by now

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Anonymous Tue Feb 16 06:54:10 2021 No.28853789 [Reply] [Original]

retard here, can someone please explain what the actual fuck ethereum fees are? like what is the purpose / cause of them and why the fuck havent they been minimised or completely removed by now

>>	Anonymous Tue Feb 16 06:57:25 2021 No.28853941 >>28853789 Block size is limited, so you can fit a limited amount of transactions in it. When demand is high, prices go up.

>>	Anonymous Tue Feb 16 06:57:57 2021 No.28853967 ethereum census is PoW (proof of work) just like bitcoin, meaning in order to validate a block on the chain, they need to be mined. When congestion on the network is high, there is a need for more resources to mine the blocks.

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