Ethereum takes the lead in the number of commissions collected

For the first time in history, the number of commissions collected on the Ethereum network over a 24-hour period exceeded the bitcoin indicator, Trustnodes draws attention.

According to the Messari portal, Ethereum miners raised $ 207,000 from user fees and bitcoin miners $ 180,000. The median commission was $ 0.16 and $ 0.20, respectively.

As you can see in the image above, other networks are many times inferior to the leaders. $ 915 commissions were paid on the Litecoin blockchain, and $ 156 on Bitcoin Cash. Their resources are not in great demand by users, while Bitcoin and Ethereum are close to the limit, processing on average 1 MB for 10 minutes each.

Ethereum is trying to increase its manufacturing capabilities by 25% by voting miners. One of the largest miners, Ethermine, says it focuses on 10 million units of gas, while now the value is 8.7 million compared to the recent 8 million.

The increase in the limit is slow in part due to the fact that some miners, for example, F2Pool, periodically vote either for an increase or for a decrease. “Most likely they are using the default settings in the Parity client,” said an Ethermine spokesperson. “Parity targets 8 million by default, but starts voting for 10 million when the blocks are full.”

Ethermine themselves admit that they used to use standard settings too until they were pressed by the public. Thus, smaller miners can use the same settings without worrying about changing them.

Along with the computing capabilities of the network, commissions are also growing. According to EthGasStation, the cost of an ordinary ETH transaction is now around $ 0.14. Token-based transactions cost twice as much, and interaction with a smart contract can cost $ 1-2 depending on the type.

The main culprit, however, is not Tether, which is actively transferring its USDT tokens from the Bitcoin blockchain to the Ethereum blockchain, but a kind of gambling application.

The upcoming hard fork Istanbul brings with it certain improvements in the calculation of gas and the necessary space per gas unit and will contribute to a further increase in the limit. The Ethereum test network is expected to be activated in October.