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

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Quick Take

  • Ponzis, pyramids, and similar schemes are now among the top spenders of Ethereum transaction fees
  • This is due to the rising gas prices, which put pressure on legitimate projects but barely affect lucrative platforms including scams
  • While 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.

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Ponzis and marketing schemes are among the biggest gas guzzlers on Ethereum right now written by Yilun Cheng @ https://www.theblockcrypto.com/daily/66192/ponzis-ethereum-gas-transaction-fees?utm_source=rss&utm_medium=rss May 22, 2020 Yilun Cheng

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