What Are Gas Limit and Gas Price for Ethereum Transactions?

what are gas limit and gas price

What are Gas Limit and Gas Price for ETH Transactions?

Transactions on the Blockchain are energy-consuming, and this explains the reason why Blockchain mining companies prefer low energy cost destinations.  As a result of the gas requirements for each transaction on the Blockchain, it is important for stakeholders to know the attendant gas limit and price.

Let’s delve into what gas limit and gas prices for ETH transactions are without any further ado.

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15 Bitcoin Price Predictions From the World’s Leading Speculators

bitcoin price predictions

Bitcoin’s “Monetary Policy”

“What percentage of your wealth should be tied up in bitcoin? A percentage that is equivalent to your understanding of how the technology works and your ability to absorb the risks it entails, which for most people is a small percentage”- A. Antonopoulos

Bitcoin is the single grandest financial experiment of the 21st century. A decentralized, global digital currency backed by cryptography; created and owned by the people, for the people, giving access to a global financial market to millions of unbanked people around the globe.

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Bitcoin vs Bitcoin Cash – A Comparative Study

bitcoin vs bitcoin cash

Clearing up the confusion

 

“Sorry to be a wet blanket. Writing a description for (bitcoin) for general audiences is bloody hard. There’s nothing to relate it to.”- Satoshi Nakamoto

If you’re just entering the cryptocurrency sphere in 2018, you’re in for a treat. The past year has been one of the most exciting years in the crypto-scene, full of drama, scams, forks, and new and often confusing regulations. If you’re just starting to read up on things, the chances are, you’ll encounter chaos as you’ve never faced before.

Booming and crashing markets, thousands of different tokens and coins, different block chains, scaling technologies, fake news, millions of new blogs popping up everywhere — all in all, it’s just one big mess. On top of that, after getting spammed about Bitcoin over and over again, you finally decide to see what’s all this fuss about, and you come to learn that there’s more than one Bitcoin?

What kind of sorcery is this? Here you go- a comparative study of Bitcoin vs Bitcoin cash!!

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The Complete Guide to Bitcoin Transaction Fees

As a matter of fact, the past year has been a really exciting one for Bitcoin and all other cryptocurrencies. Cryptocurrency has become a trending topic in the general public but it is often condensed to a mere small talk.

On the other hand, crypto aficionados and experts alike have been faced with a series of arising problems and heated debates within the community. We have borne witness to the rise of altcoins and new regulations followed by numerous reports of hacks all over the world, and the problem with the so-called “hard forks”.

This translates into a hefty package, full of intricate technicalities with a pinch of drama. Of course, no such big phenomena goes unnoticed, and the media’s attention was caught by the buzzing discussions within the crypto-community.

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The Top 5 Altcoins for 2018: Practical Projects, Underground Gems and Moonshots

top 5 altcoins

2018 is off to a shaky start.

With Bitcoin floundering from its all-time high, many investors are turning to alternative coins (altcoins for short) that seem to offer much more promising applications, yet for a much lower price.

The challenge is predicting what coins could truly blossom, and hold their value in the event of a major Bitcoin crash. To do so, the coin needs a promising everyday use that can justify a high valuation.

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What Is My Bitcoin Address and How Does It Work?

bitcoin address

A Bitcoin address is a cornerstone to understand how the cryptocurrency is exchanged between two individuals as they essentially dictate the source and destination for a particular amount of bitcoin. For those new to the world of cryptocurrencies, a bitcoin address may seem a little confusing at first.

Unlike a conventional bank account number, these addresses can include both numbers as well as letters and be up to 35 characters in length. In practice though, most addresses tend to be 33 or 34 characters long.

Here’s what one looks like:

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US Cryptocurrency Regulation: Policies, Regimes & More

us cryptocurrency regulation

Over the past few years, cryptocurrencies have gained maximum momentum. Their adoption rate is increasing exponentially with no signs of stopping. As a consequence, the Fintech enterprise is experiencing massive transformation, and its effects ripple across multiple industries.

Let’s just wind the clock back to 2009.

The inception of Bitcoin was just the primum movens, the initial force that triggered massive innovation in a field previously unknown to humankind. The success of cryptocurrencies has been such that today, the total market cap is equating $740 billion, with more than 1400 different crypto-coins and tokens, and tens of thousands, possibly even millions of new jobs created.

At this point, it’s safe to say that cryptocurrencies are not going anywhere.

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How to Buy Bitcoins With Cash: A-Z Guide on How to Buy Bitcoins Offline

buying bitcoins with cash

Typically, in the financial industry, these sort of purchases are called over-the-counter transactions.

There, of course, exists a multitude of other reasons why someone would want to procure their Bitcoin in this fashion too. The primary reason among these would be that the underlying principle of a digital currency has always encouraged Bitcoin to be used in lieu of cash, not as a traded asset exclusive to large and often restrictive exchanges.

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An Introductory Guide to Cryptocurrency Regulation

regulations

Right off the bat, this article has no intention of digging deep into the legal nature of cryptocurrencies or deconstructing specific national regulations, but rather it strives to paint a general picture of the regulatory approaches undertaken by governments all over the world, and the problems they’re currently facing.

More importantly, it aims to equip you with sufficient knowledge of the legal intricacies surrounding Distributed Ledger Technology frameworks, so you can get a general sense of the direction which government regulators are taking in regard to cryptocurrencies and distributed ledger technology.

Hopefully, this will allow you to better manage your expectations and predictions about the pace and direction this stochastic industry is about to take in its future development.

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Lightning Network: The Guide That Tells Everything You Need to Know

lightning network

On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.

SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network. 

SegWit was thus produced to make the development of such technology possible.

The technology that was proposed to address these issues with Bitcoin was the Lightning Network.

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