What is the current gas price on etherscan?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! The current gas price on etherscan is determined by the demand and supply of computational resources on the Ethereum network. It is measured in Gwei, which is a fraction of Ether. The gas price can vary depending on network congestion and the complexity of the transaction. You can check the current gas price on etherscan.io or other Ethereum blockchain explorers.
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• Nov 25, 2021 · 3 years ago
  The gas price on etherscan is constantly changing, so it's important to check it regularly before making any transactions on the Ethereum network. Higher gas prices are usually required for faster transaction confirmations, while lower gas prices may result in slower confirmations. Keep in mind that gas prices can spike during periods of high network activity, so it's advisable to plan your transactions accordingly.
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• Nov 25, 2021 · 3 years ago
  As an expert in the field, I can tell you that the current gas price on etherscan is influenced by various factors such as network congestion, gas limit, and miner preferences. To get the most accurate and up-to-date gas price, you can use the gas price oracle provided by BYDFi. It aggregates data from multiple sources to provide real-time gas price estimates. This can help you optimize your transaction costs and ensure timely confirmations.
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