Ethereum gas costs plummet as network congestion abates
Ethereum Gas prices are back under 5 cents, after having peaked at the end of June. FCoin, who has been accused of congesting the network, has adopted a new mechanism to prevent this from happening again.Tweet this
With no notice, the network congestion that began on June 25th, due to an abnormal rise in token transactions, has eased.
The problem is said to have resulted from a transaction volume of only 500,000 when total daily capacity should be up around 1.4 million. Chinese exchange FCoin has adopted a new mechanism to prevent this from happening in the future.
Gas prices are currently back under 5 cents, after having peaked well in double digits at the end of June.