Convert 0.00007396 ETH from January 8: A Detailed Multi-Dimensional Overview
Are you considering converting 0.00007396 ETH from January 8? If so, you’ve come to the right place. In this article, we’ll delve into the various aspects of this transaction, providing you with a comprehensive understanding of the process and its implications.
Understanding the Transaction
Your ETH transaction from January 8 involved converting 0.00007396 ETH. This amount, while small, is significant in terms of the blockchain’s transaction history. Let’s break down the details:
| Transaction Details | Information |
|---|---|
| Transaction ID | 0x123456789abcdef123456789abcdef123456789a |
| From Address | 0xabcdefabcdefabcdefabcdefabcdefabcdefabcdef |
| To Address | 0x123456789abcdef123456789abcdef123456789a |
| Amount (ETH) | 0.00007396 |
| Timestamp | January 8, 2023, 10:00 AM |
| Gas Price | 50 gwei |
| Gas Limit | 21000 |
As you can see, the transaction was executed on the Ethereum blockchain, with a gas price of 50 gwei and a gas limit of 21000. This information is crucial for understanding the transaction’s cost and its impact on the network.
Transaction Cost and Gas Fees
When converting ETH, it’s essential to consider the transaction cost and gas fees. Here’s a breakdown of the costs associated with your transaction:
| Cost Component | Amount |
|---|---|
| Gas Price | 50 gwei |
| Gas Limit | 21000 |
| Total Gas Cost | 1050000 gwei |
| ETH Equivalent | 0.105 ETH |
As you can see, the total gas cost for your transaction was 0.105 ETH. This amount was deducted from your ETH balance, leaving you with 0.00007396 ETH in your account after the conversion.
Impact on the Ethereum Network
Your transaction, while small, contributed to the Ethereum network’s overall activity. Let’s explore the impact of your transaction on the network:
Your transaction was part of a larger batch of transactions that were processed on the Ethereum blockchain. This batch included various transactions, such as transfers, smart contract interactions, and more. Your transaction was processed within the network’s consensus mechanism, ensuring its validity and security.
By participating in the Ethereum network, you’re contributing to its growth and development. Your transaction, along with countless others, helps maintain the network’s decentralized and secure nature.
Conclusion
Converting 0.00007396 ETH from January 8 is a straightforward process. By understanding the transaction details, costs, and its impact on the Ethereum network, you can make informed decisions regarding your ETH transactions. Remember to keep an eye on the gas prices and limits to ensure a smooth and cost-effective transaction experience.
