Crypto Traders have become all too familiar over the years with extreme gas prices. Gas is the name given to fees that must be paid on blockchain networks in order to complete a transaction. They are directly correlated with traffic on the network, when traffic is high, so are gas fees.
ETH has largely remedied this problem by moving from a proof of work (PoW) consensus mechanism to proof of stake (PoS) in a transformation known as “The Merge.” This has dramatically reduced gas fees on the network, however, fees still can be as high as $10 or $20, meaning small or micro-transactions do not make sense much of the time.
To ameliorate this, Seasonal Tokens has created a bridge between ETH and MATIC that allows these transactions to use the Polygon network. Polygon gas fees are so small they are nominal. Traders can now easily make transactions without devaluing the trade through excessive gas fees. This should make the ecosystem even more efficient.
If you are interested in learning more, check out Seasonal Tokens.
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