TheBlock
2020-05-22 16:49:14

Ponzis and marketing schemes are among the biggest gas guzzlers on Ethereum right now

Quick TakePonzis, pyramids, and similar schemes are now among the top spenders of Ethereum transaction feesThis is due to the rising gas prices, which put pressure on legitimate projects but barely affect lucrative platforms including scamsWhile measures like EIP 1559 aim to provide short-term relief for the gas price problem, the real solution lies in improving Ethereum’s scalability, according to Vitalik Buterin.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer