A person paid a fee of $82,000 for a single transaction on the Ethereum network
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Answer A person paid a fee of $82,000 for a single transaction on the Ethereum network
What distinguishes cryptocurrencies is the speed of conversion and the low fees compared to traditional currencies.
But what we will discuss in this topic is different from what is prevalent.
Where a person made a strange deal the day before yesterday, where he created a smart contract on the Ethereum network and set a fee of 656 Ethereum, equivalent to $82,000.
It is not clear whether what this person did was wrong or intentional?
Hudson Jameson got the big fee charged, who caught everyone’s attention on Twitter with his tweet on the topic:
Someone wanted to get their Ethereum transaction in a reallll bad chain. $76,000 transaction fee.
Read:KuCoin launches WAN token staking program
– Hudson Jameson (@hudsonjameson) March 13, 2020
Many claimed that the fees listed were the result of an error with a customer linked to ETH.
Some have suggested that the fee was a bug in the CoinOne script and that the fee might be related to it.
Tweet embed Pocket wallet. script error? 🙂 pic.twitter.com/i41a5HGBHN
– binghan.auth.eth (@stiucsib86) March 13, 2020
However, some claim that it may not have been an accident after all.
Ethereum tumbled in the last 48 hours and lost about 50% of its value.
In any case, the deal remains a mystery but an anomaly during an already bad day in the cryptocurrency markets.
Ethereum price crash:
It’s been a brutal week for cryptocurrencies, and the downside and pressure revealed some deep issues with Ethereum.
For example, there has been a common argument that DeFi applications will grow in popularity during the recession caused by the coronavirus.
In fact, the opposite happened.
Read:Institutional Investors Buy $2.8 Billion of Bitcoin Through ‘Grayscale’ in Late 2020
Major Ethereum holders also decided to get rid of Ethereum coins in the past days.
Read:Now you can buy Coca-Cola with Bitcoin
This also refutes the argument that there is a build-up between large portfolios, which means that there is an upward momentum that will occur.
In addition, Ethereum witnessed a significant increase in fees at all levels yesterday and today.
Perhaps this can be linked to the last transaction made on the network of 656 Ethereum.
We must also bear in mind that the PLUS Token scam still holds a large number of Ethereum which is not yet sold in the market.
According to estimates, the PLUS token scam project owners have around 800,000 Ethereum units.
Read also:
A group of Ethereum developers infected with the Corona virus from an Ethereum conference
Ethereum coin loses 50% of its value and falls to its lowest level in two years
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