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Bracher

About

Username
Bracher
Location
South Africa
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Job title
Software Developer
Company
iPlan
Location
South Africa
Posts
3

Comments

  • Thanks @Stephan_Tual‌ this sheds some light on the situation. I was more thinking in the line of having gas price linked to the average rate per processed byte or block chain. This will allow the gas price to go up and down as processing demand increases or decreases etc. But I understand that the cost of storage would…
  • What I don't understand is, why does the gas price need to be stated explicitly if the average cost per processed byte can be determined as @Chris613 also stated in an earlier post. The only way I can see a use for specifying the gas price when executing a contract function is if the gas price acts as some form of…
  • @Stephan_Tual: Thanks for the great tutorial. I'm just struggling to understand the concept behind the gas pricing. Does the gas price act as some form of transaction fee which in turn implies that all transactions will have at least some amount of ether cost associated with it, which the "consumer" (in this case the…