Crypto Currency

  Transaction Fees on the Network Are Blowing : Frightening Development In Ethereum Network: Criminal Detected Trading on the Ethereum network has never been this expensive. According to data transferred by blockchain analytics firm Glassnode, transaction fees on the ETH network broke a record, and a  $ 7 million transaction fee was paid within 24 hours on Thursday.  Of course, all of this goes to miners, and miners' income is constantly increasing. So what is the danger of this situation? Transaction Fees on the Network Are Blowing ​It is thought that one of the main reasons for the increase in transaction fees in the Ethereum network, especially since 2020, is decentralized finance (DeFi) applications. Thousands and even millions of people using DeFi applications are clogging the network by making continuous transactions. This situation puts more strain on Ethereum, which is already suffering from scalability problems. In addition to decentralized cryptocurrency exchanges such as

Ethereum Is A Dark Forest? The Bots And The Fees : Image by  Tumisu  from  Pixabay   According to  Dan Robison , " Ethereum Is A Dark Forest ", infact there are bots waiting to take your funds locked in DeFi. In the Ethereum network there are bots specialized in anticipating and copying pending transactions. These robots are a legacy of automated trading. This space is known as a mempool and hosts thousands of vulnerable smart contracts and transactions. Most of us don't know what they are, but DeFi programmers are able to detect them and take advantage of them thanks to automated bots. These (arbitrage) bots monitor smart contracts found on the Ethereum network to locate pending transactions, with the ultimate goal of stealing money locked in transactions. It appears Dan Robinson was browsing a Uniswap Discord channel when he found a message that caught his eye: it was a person who needed to retrieve Uniswap tokens worth around $ 12,000. These tokens were accidentally bl