Believe it or not, there are actual times that make the use of cryptocurrencies, such as Ethereum, better. And, to benefit the most from your cryptocurrency supply, you might want to consider using it in specific hours, as revealed by a new study.
According to research published by Flipside Crypto, Ethereum blockchain has specific patterns of congestion. In other words, if you choose to use Ethereum outside of these rush hours, you may actually have to pay lower gas prices, which is a godsend to many owners out there.
Of course, an exodus from rush hours could lead to more congestion in other time frames, but then again, the hard data you have can direct you out of this and analyze patterns to predict when new congestions would occur – sort of like smart cities navigate you out of traffic jams.
As it turns out, the busiest hours for the Ethereum blockchain are between 1pm UTC and 6pm UTC, with the majority of traffic concentrated in those hours. The least busy periods remain between 9 pm UTC and 11 pm UTC.
Making sure that you complete transactions around those hours is always the best way to sort out your planned ETH transfers for the day and save yourself a pretty penny on gas fees, which have plagued the community, but thankfully a little less so now that the layer-two solution has arrived.
Ideally, Ethereum should be able to scale its blockchain enough to avoid burdening consumers with hefty gas prices, and this is the goal the company is working towards. In the meantime, you can enjoy slightly better payouts in Ethereum casinos if you visit 1xBit, FortuneJack, and 1xBit.