Ethereum (ETH) Gas Usage Once Again Reaches Nearly 100% of Block Limit⠀ ⠀ The Ethereum (ETH) network is going through another period of heightened activity, following a temporary low for gas usage in February. The Etherscan data for gas fees show a significant growth of usage in the past month.⠀ ⠀ On Thursday, gas usage was near 100% of the block limit, meaning the network was near capacity. The price of gas was slightly higher, 7 gWei for the fastest transactions. Based on ETH Gas Station, an unidentified smart contract burns up to 18% of all gas.⠀ ⠀ There are many reasons for increased gas usage, going beyond the movement of ETH coins themselves. Peak gas usage was noted during the rapid bull market at the end of 2017, as well as during 2018, which was a bumper year for token sales. Almost daily ICO offerings meant constant increases in gas usage.⠀ ⠀ #bitcoin #valuable #reality #ethereum #cryptocurrency #blockchain #altcoins #income #eth #btc #crypto #steemit #dashcoin #litecoin #coinbase #ripple #xrp #investing #money #finance #monero #travellife #exoticlife #freedom #visionary #inspiration #success #entrepreneur #teamcrypto101 (at New York, New York) https://www.instagram.com/p/BvSKUzugCaO/?utm_source=ig_tumblr_share&igshid=o3sfcngvhlhs















