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PrashantNagawade
PrashantNagawade
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The gas limit for single send transaction is about 21000 gas which turns out to be 0.000378 ether per 21000 gas, roughly equal to 0.4 US$.

Now I am creating my own Ethereum based crypto-coin, and I want to keep its conversion rate as 1 coin = 1 US$ and about 0.02 US$ as transaction fees.

But if my traders send 1 or just half coin, then also for this transaction, if they have to pay the whole gass limit then it will be of no use as it will be more of a loss.

So, my question is, is there any other way to avoid this much fee? Or instead, can we combine multiple transactions up to a limit and then send it as a 'single transaction' to miners??

Thanks in advance.

The gas limit for single send transaction is about 21000 gas which turns out to be 0.000378 ether per 21000 gas, roughly equal to 0.4 US$.

Now I am creating my own Ethereum based crypto-coin, and I want to keep its conversion rate as 1 coin = 1 US$.

But if my traders send 1 or just half coin, then also for this transaction, if they have to pay the whole gass limit then it will be of no use as it will be more of a loss.

So, my question is, is there any other way to avoid this much fee? Or instead, can we combine multiple transactions up to a limit and then send it as a 'single transaction' to miners??

Thanks in advance.

The gas limit for single send transaction is about 21000 gas.

Now I am creating my own Ethereum based crypto-coin, and I want to keep its conversion rate as 1 coin = 1 US$ and about 0.02 US$ as transaction fees.

But if my traders send 1 or just half coin, then also for this transaction, if they have to pay the whole gass limit then it will be of no use as it will be more of a loss.

So, my question is, is there any other way to avoid this much fee? Or instead, can we combine multiple transactions up to a limit and then send it as a 'single transaction' to miners??

Thanks in advance.

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PrashantNagawade
PrashantNagawade
  • 239
  • 1
  • 5
  • 19
Source Link
PrashantNagawade
PrashantNagawade
  • 239
  • 1
  • 5
  • 19

Unaffordable gas limit for my Ethereum based crypto-coin

The gas limit for single send transaction is about 21000 gas which turns out to be 0.000378 ether per 21000 gas, roughly equal to 0.4 US$.

Now I am creating my own Ethereum based crypto-coin, and I want to keep its conversion rate as 1 coin = 1 US$.

But if my traders send 1 or just half coin, then also for this transaction, if they have to pay the whole gass limit then it will be of no use as it will be more of a loss.

So, my question is, is there any other way to avoid this much fee? Or instead, can we combine multiple transactions up to a limit and then send it as a 'single transaction' to miners??

Thanks in advance.