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This is HODL.FM. The world’s only publication in crypto that remembered to wish you a wonderful, and  generous Ramadan.Today we are talking about gas costs and how Ethereum’s recent upgrade will leapfrog innovation. Some peeps seeing frog and thinking about their PEPE coins. Anyway, let’s jump into the agenda of the day.Related: <a href="https://hodl.fm/kalshi-betting-options-bitcoin-ethereum" rel="noopener noreferrer nofollow">Kalshi Prediction Market Launches Crypto Betting in US Dollars</a><h2 id="header-0">Ethereum fees be like, “We are not sending your $10 without a $50 tip”</h2>We could drone on and on about high network fees but after the Dencun upgrade, degens will no longer complain about the cost of sending their decentralized emails over Ethereum.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/140280c7d7394d8a9911d0908c9e8e35.png" />Source: <a href="https://medium.com/coinmonks/a-short-guide-to-ethereum-gas-fees-5c4c53a05feb" rel="noopener noreferrer nofollow">CoinMonks</a>Dencun, the latest upgrade on <a href="https://hodl.fm/uniswap-v4-ethereum-dencun-upgrade" rel="noopener noreferrer nofollow">the largest altcoin network rolled out last week</a>.Why? Definitely for three good reasons:<ul><li>Modify the block reward and delay the difficulty bomb (this is meant to make things easier for the transition to Ethereum 2.0).</li><li>Improve the proof of stake consensus algorithm</li><li>Implement various  Ethereum Improvement Proposals (EIP) which include EIPs 1559 for improving the fee structure,2929 for boosting security and stability, as well as 2537 for improving privacy and scalability.</li></ul>By achieving the above three, Ethereum has managed to boost scalability, improve network security, and most importantly, reduce gas fees.So what has reduced gas fees got to do with you? Besides, you were still sending your $50 using other affordable networks which charge less than $0.01. Well, imagine if you had to pay $100 to mint an NFT worth $15. It gets more serious at the height of a bull market with meme coins launching left, right, and centre.Reduced fees on Ethereum make the network less costly and more healthier to build. <h2 id="header-1">READ MORE ON <a href="https://hodl.fm/category/news" rel="noopener noreferrer nofollow">HODL</a></h2>

A Drop of Ethereum Fees Will Spark a Ripple Effect in Crypto Adoption

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