Ponzis and marketing schemes are among the biggest gas guzzlers on Ethereum right now
May 22, 2020, 12:49PM EDT · 4 min read
- Ponzis, pyramids, and similar schemes are now among the top spenders of Ethereum transaction fees
- This is due to the rising gas prices, which put pressure on legitimate projects but barely affect lucrative platforms including scams
- While measures like EIP 1559 aim to provide short-term relief for the gas price problem, the real solution lies in improving Ethereum’s scalability, according to Vitalik Buterin.
Ponzis and investment marketing schemes are amongst the biggest spenders of transaction fees on Ethereum today.
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