From b8f6267098529c8cbdd4868194ed7ec8e98d497c Mon Sep 17 00:00:00 2001 From: lameenlade Date: Mon, 7 Jul 2025 15:13:21 +0100 Subject: [PATCH 1/2] Create Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen --- Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen | 2 ++ 1 file changed, 2 insertions(+) create mode 100644 Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen diff --git a/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen b/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen new file mode 100644 index 0000000..206492d --- /dev/null +++ b/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen @@ -0,0 +1,2 @@ +https://x.com/lameen2764/status/1942222487455948838?t=ghc5H307S1uLHlyzkeUntg&s=19 + From 142ea78a6e5c2504d6eb9629c6d533011c6d89ba Mon Sep 17 00:00:00 2001 From: lameenlade Date: Mon, 7 Jul 2025 15:38:27 +0100 Subject: [PATCH 2/2] Update Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen --- Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen | 10 ++++++++++ 1 file changed, 10 insertions(+) diff --git a/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen b/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen index 206492d..0258a59 100644 --- a/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen +++ b/Gas_gasfee_slippage_ wallet_ Oduyemi Al-ameen @@ -1,2 +1,12 @@ https://x.com/lameen2764/status/1942222487455948838?t=ghc5H307S1uLHlyzkeUntg&s=19 +Ether (ETH) is Ethereum's native cryptocurrency, acting as the fundamental asset for transactions and operations on the Ethereum blockchain. +Ethereum Gas and Fees: + * Gas: A unit measuring the computational effort for an operation on Ethereum. More complex operations consume more gas. + * Fee: The cost of a transaction, calculated as Gas Units Consumed × Gas Price. Paid in ETH. +EIP-1559 Fee Structure: + * Base Fee: A dynamic, protocol-set fee that is burned (removed from circulation), adjusted based on network congestion. + * Priority Fee (Tip): An optional payment to validators for faster transaction inclusion. + * Users specify a maxFeePerGas and maxPriorityFeePerGas. The protocol charges the sum of the actual base fee and priority fee, refunding any excess from maxFeePerGas. This system improves fee predictability. +Slippage: + * The difference between an expected transaction outcome (e.g., price, gas cost) and its actual outcome upon execute Users set "slippage tolerance" to manage this risk, preventing transactions if costs exceed a set threshold.