Challenge #2 Diving in DeFi world; GasNow ethereum gas prediction tool

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If you're quite familiar with decentralized finance you would probably notice that basically DeFi centered project are base on ethereum network.

With these major development on ethereum blockchain there have been high congestion in conduction of transaction on the etherscan and has resulted to high increase in transaction fee, which mean there are limited miners who are available to complete and execute the block transaction in the required specified time.

SparkPool, one of the biggest Chinese crypto mining pools, has developed GasNow, a system to forecast gas fees after the devs in the team saw a huge difference between the quoted gas fees from ETH Gas Station and the actual fees charged by the network.

these gas fee are calculated base on SparkPool mining pending transaction mempool whereas all valid transaction are waiting to be confirmed by ethereum network.

GasNow is open for use to public users being a decentralized tool and have been integrated on some wallet such as imTokem, MathWallet to predict more accuracy of pending data queue are to be increased on the tool.

These new development has been introduced to increase the scalability of DeFi system with more secure and transparent system for users.

https://decrypt.co/43046/gasnow-the-hot-new-tool-that-predicts-ethereum-gas-prices

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