Why did fil reduce gas fees
fil Why reduce gas fees Before starting the Filecoin main network, due to the need for storage mining, fil will forward the stored data to the network. As time goes by, storage costs continue to increase, making it impossible for users to obtain files by paying gas fees. But why did Filecoin reduce gas fees? To address the above issues, Filecoin has designed a new reward mechanism: when a block is submitted and waiting for verification (i.e. executing a transaction), it will automatically send a token as a reward to a certain amount of money in the block. If no one accepts or refuses the proposal in the block, it will trigger another block for collateral Therefore, in cases where gas costs are high, we can set a fixed gas cap for each miner to increase weekly bids without having to bear the corresponding gas fees, making the entire network more secure, reliable, and scalable. So, for the current large number of users who use Fil, their biggest concern is how to calculate their effectiveness on the chain and then minimize the consumption of these effectiveness? So now everyone is more concerned about why Fil has reduced gas fees, because Filecoin is an open source project that is the infrastructure of a distributed storage ecosystem and one of the largest applications currently available. But at the same time, Filecoin also has some other innovations and improvements, such as optimizing the FIL pledge proceeds, such as using a combustion destruction mechanism.
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