Ethereum gas fees may be the difference between Ethereum becoming a Trillion dollar asset and losing to a competitor. Understanding the details behind this can prepare YOU to make sound crypto decisions.

What a gas fee is, how to pay as little gas as possible, gas wars, and more. This guide will give those that don't fully grasp how to best handle gas fees a clearer understanding.

MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.

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Timestamps:

00:00 – Intro

02:45 – What is Ethereum and what are smart contracts?

06:32 – Why do we need gas?

10:00 – Why does the amount of gas matter?

14:45 – Why do the fees vary?

16:35 – What is a GWEI?

20:36 – How is the fee determined?

25:15 – Why is ETH so much more expensive than other networks?

31:08 – How will ETH lower its fees?

37:20 – When will we see ETH 2.0 and will it fix everything?

43:50 – Closing thoughts