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S NOM šµš©āļø
@snomleon
When the battle for blocks begins in the Ethereum network, the one who pays the most wins. Welcome to the world of gazvarov: where commissions can soar higher than the asset itself. āŖļø Gas war is a situation in which many users simultaneously try to send transactions to the blockchain, competing with each other, raising the price of the commission (gas price) so that their transaction is confirmed as quickly as possible. In the case of NFT, gazvars pass with the aim of quickly minting NFT and subsequently reselling them at higher prices. Since the blockchain (especially Ethereum and L2-networks) can process a limited number of transactions per block, only the most "generous" applications enter there with a sharp increase in activity.
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S NOM šµš©āļø
@snomleon
ā When does this happen? š· NFT-drops / mints: rare collections with a limited number of tokens. š· Airdrops: mass output of tokens with a limited window for receipt. š· Launch of DeFi protocols: especially if promised profitability or incentives. š· IDO/ICO: initial token offering, when the "first" gets the advantage. As part of these auctions, users set the price of the paid commission higher than others in order to have time to process the transaction earlier. ā Gasvari is a digital arms race where resources are limited and demand is insane. Whoever understands the rules gets an advantage. The rest pay for burned gas.
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