Ethereum: How important is the fee for speed of confirmation?

Importance of taxes in Ethereum: The way the transaction confirmation speed is affected

When building a bitcoin application, developers are often found by sending numerous transactions for testing purposes, without worrying about taxes. However, this approach can lead to significant delays and inefficiencies when it comes to the transaction confirmation speed.

The Ethereum network is designed to give priority to the security and integrity of its transactions over the speed with which they are confirmed. The structure of the taxes in Ethereum, introduced by Vitalik Buterin in 2015, aims to prevent spam and make sure that the miners have a reasonable stimulant to validate all the network transactions.

The role of taxes in transaction confirmation speed

In simple terms, Ethereum taxes are like a price for each transaction. They dictate how long it lasts for a transaction to be processed by blockchain nodes and network verified. The higher the tax, the slower the transaction. In your case, sending 0 taxes means you do not pay anything for each transaction.

Why do transactions take so long to confirm?

A few factors contribute to the slow confirmation times on Ethereum:

• The complexity of the transaction

  : The more complex transaction is (for example, using more gas parameters), the more time for processing.

• Network loading : During high network congestion periods, transactions may take longer to confirm due to processing capacity.

• Intelligent contract execution time : The time required to execute smart contracts on blockchain can have a significant impact on confirmation times.

Reality of confirmations of 45 minutes

As you first experienced, sending 0 taxes to your ETHERUM may lead to a significant delay in transaction confirmation times. For example:

• 0-mem transactions: 45 minutes (or more) for confirmation

• Great Value Transactions: A few hours or even days for confirmation

What can you do to optimize your transactions?

Although it may seem counterintuitive, sending taxes can effectively help accelerate transaction confirmation times. Here are some strategies you can try:

• Use transactions with a high fee : If you need your confirmed transactions quickly, consider increasing the tax to stimulate the miners to validate them faster.

• Choose more complex transactions : For example, if you use an ERC-20 token with several gas parameters, it may be worth paying a larger fee for these transactions to be processed more efficiently.

• Use optimized intelligent contracts

  

  : Some intelligent contracts in the Ethereum network are optimized for fast execution, which can help reduce transaction times.

Conclusion

While Ethereum taxes are designed to give priority to security and integrity over speed, understanding their role in transactions confirmation times is essential to optimize application performance. By considering the factors that contribute to slow confirmation times and using strategies such as high tax transactions or optimized smart contracts, you can work to reduce the addiction of your application for long confirmation periods.

Remember, as a developer who builds an Ethereum-based application, it is essential to achieve a balance between security, integrity and performance. By doing this, you will be able to build more efficient and scalable applications, while reducing the impact of taxes on user experience.

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