What are the potential risks of intrinsic gas being too low in the digital currency ecosystem?

3 answers

• Jan 14, 2022 · 3 years ago
  One potential risk of intrinsic gas being too low in the digital currency ecosystem is the possibility of network congestion. When the gas price is low, more transactions can be processed, which can lead to an increase in the number of transactions waiting to be confirmed. This can result in slower transaction times and higher fees as users compete to have their transactions included in the next block.
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• Jan 14, 2022 · 3 years ago
  Another risk is the potential for increased vulnerability to spam attacks. With low gas prices, it becomes cheaper for malicious actors to flood the network with spam transactions, clogging up the system and making it harder for legitimate transactions to be processed in a timely manner.
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• Jan 14, 2022 · 3 years ago
  From BYDFi's perspective, if intrinsic gas is too low, it can negatively impact the user experience on our platform. Transactions may take longer to confirm, leading to frustration for our users. To mitigate this risk, we continuously monitor gas prices and adjust our fee structure accordingly to ensure smooth and efficient transactions for our users.
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