Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi | Crypto Briefing

Key Takeaways

  • Transaction and gas costs on Ethereum have surged in 2020
  • While the increase in Gas costs coincided with the DeFi craze, data shows that the sector is not the primary reason behind Ethereum’s clogged network
  • The Ethereum-based Ponzi scheme Forsage drives transaction fees up because of its expensive registration procedure

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