Ethereum Gas Fees Explained, ConstitutionDAO, ENS and Web3

496 Views23 Nov 2021 13:05

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SUMMARY

When you operate on Ethereum (sending a transaction, minting an NFT...), you are consuming power
The Ethereum Virtual Machine is like an operative system running simultaneously on thousands of machines that anybody can access to execute the programs on Ethereum
The Ethereum blockchain is currently going through a peak in block space demand

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