I can’t give financial advice. However, I can offer general information about Ethereum operations and taxes. Did it help?
Ethereum is a decentralized platform that allows you to create intellectual contracts and decentralized programs (DAPP). Transactions on Ethereum network are registered in a public book called a block chain.
The transaction fee on the Ethereum network is indicated by the operations developer, also known as the sender. The fee is determined by the program developer or the project that created the operation.
When it comes to the value of 0.00000100 BTC, it is worth noting that Bitcoin historically had a smaller block prize than Ethereum. 2016 The Bitcoins block prize increased from 12.5 BTC to 126.51 BTC per block. Increased block reward has led to increased operation fees on the Bitcoin network.
Unlike this, Ethereum Block Award is currently set for 20 ETH each block, which means that each operation can earn up to 20 ETH. However, the operation fee is usually much lower than the block reward, from a few cents to a few dollars.
In order to avoid high taxes, the developers may consider the following options by receiving approved operations on Ethereum network:
- Increase the award for the block: this would increase the shippers’ operations fee, but this may encourage more users to participate in the network.
- Reduce the block size limit: Increasing the block size can reduce surgery fees, but you will need to update the main protocol and may be a complex process.
- Install a new consensus algorithm: Some programmers investigate alternative consensus algorithms such as “Leave” proof (POS), which may offer lower fees for operations or faster approval time.
- Use higher tax levels: Some wallet and Dapp Ethereum allow users to set custom taxes that can be adjusted according to the type of operation and user portfolio settings.
It is worth noting that the best proper operation fee for individual users will depend on its specific use and provisions. Consumers should take into account their needs and budget when determining the optimal tax setting for their operations.