Blockchain And Distributed Ledgers: Mathematics, Technology, And Economics by Lipton Alexander;Treccani Adrien; & Adrien Treccani

Author:Lipton, Alexander;Treccani, Adrien; & Adrien Treccani [Alexander Lipton & Adrien Treccani]
Language: eng
Format: epub
Publisher: World Scientific Publishing Company
Published: 2021-09-15T00:00:00+00:00

Figure 6.4 ETH supply growth chart: (a) the total number of ETH, in millions; (b) the number of ETH mined per day, in thousands. Own graphics. Source: etherscan.io.

In contrast to Bitcoin, the transaction fee is mandatory; it can be calculated as follows:

(6.1)

Occasionally, Ethereum suffers from uncomfortably high transaction costs, making it unsuitable for high-scale projects or retail applications. In its current form, the platform would not, for instance, be capable of hosting a retail payment token without overflowing the blockchain and suffering from surging and highly volatile transaction costs. In 2020, Ethereum’s cumulative transaction fees dominated those of Bitcoin, as illustrated in Figure 6.5.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.