In the world of Ethereum, PulseChain, and other blockchain networks, transactions are powered by a unit of computational work known as “gas.” To execute a transaction, users must pay a gas fee to incentivize miners to process it. The cost of these gas fees can fluctuate significantly, and it’s a critical factor when interacting with the blockchain.
The Gas Fee Game
It often happens that a NFT drop or a new DeFi project leads to increased demand for transactions. As a result, gas fees surge, and a simple transfer can then cost a few tens of dollars. Ending Ethereum HEX stakes is very expensive, especially if they are long-term stakes. People were forced to pay hundreds of dollars to end their stakes, and that was the main reason why PulseChain was born.
Setting a limit transaction with a lower gas fee than the actual required amount is a common practice, but not everyone is familiar with these techniques, and they may remain pending for days, weeks, or even longer if the gas doesn’t go down to the desired level. PulseChain transactions are so cheap that it isn’t even necessary to set a lower fee manually; however, when it comes to transactions like minting XENFTs in bulk, it may make sense to go for the cheapest possible fee to save on gas.
Handling Pending Transactions
Pending transactions can be a source of frustration when the network is congested. When your transaction is stuck, waiting for it to be included in a block may be the simplest solution. However, if you don’t want to wait, you can try speeding it up. Many wallets, like MetaMask, allow you to adjust gas fees to get your transaction processed more quickly.
In situations where a pending transaction isn’t budging, you may need to reset your wallet. For MetaMask users, this can involve clearing activity and nonce data to free up the transaction queue, but this is a rather last-resort task.
When you want to unstack a transaction, it’s important to always check on the block explorer if it’s really pending on chain or if it’s simply an issue with your wallet. Go to check your address on one of the PulseChain explorers:
If the transaction is pending, proceed with speeding it up, cancelling it, or replacing it. If it’s not pending, then you can refresh the page, log out, and log in to MetaMask once again, resetting the wallet and updating it. If nothing works, then you may consider transferring your seed phrase to another wallet on another browser. If you want to reset the wallet, go to your Advanced Settings and choose “Clear activity and nonce data”. This will erase the activity from your wallet.
Sometimes the Speed up function of MetaMask won’t simply work. What you can do then is go to the MetaMask setting and toggle on the nonce button.
The next step is to go to the pending transaction and take the nonce number. Then you need to cancel the existing transaction by sending 0 PLS to the very same address you started off from and inserting the nonce number from the pending transaction.
The gas fee must be set higher than it previously was. Sending an aggressive gas fee should do the trick. This way, the previous transaction will not pass through, and only the 0 PLS transaction will be executed. Now you can go and transact normally.
If you have a pending transaction and some other pending transactions on top of it, you need to do the above operation on the first transaction that got stuck. You need to take the nonce of that first transaction and send 0 PLS with a higher gas. Trying to move transactions on top will do nothing, so keep that in mind.
Dealing with Failed Transactions
A failed transaction can be costly, especially when minting NFTs like XENFTs. It may occur due to high gas fees, limited ETH in your wallet, or low gas limits. To avoid future “out of gas” errors, increase the gas limit for your transactions before sending them; however, the gas limit is usually set automatically by the contract. This can be done through advanced gas controls in your wallet, but it’s not recommended to set it lower than what it requires.
If you’re unsure about the appropriate gas fee, check what others have paid for similar recent transactions on etherscan.io. Analyzing successful transactions with the same contract can provide insights into the right fee to use. Having more ETH in your wallet in cases where gas spikes happen is what can prevent the out-of-gas issue.
Setting a Limit Gas Transaction
Sometimes people prefer setting their own gas limit rather than paying for what the market is currently at. This can be done by going into the Advanced settings of the gas fee and bidding on the price. This involves setting a Max base fee lower than the current market rate and patiently waiting for your transaction to be executed. MetaMask will warn you by saying that the Max base fee is low for current network conditions. Ignore the message and Save the value. Your transaction will be executed as soon as the gas fee goes down to your desired level. It’s important to note that if you set it too low, it may not pass and remain pending, blocking your wallet. Monitoring gas prices and adjusting the limit is essential to avoid lengthy delays.
Troubleshooting Common Issues
Wallet connectivity issues can be addressed through basic steps like reloading the website, logging out and logging back into your wallet, or switching accounts. Sometimes, disconnecting from a website and reconnecting your wallet can resolve stubborn connectivity problems. Advanced settings in wallets like MetaMask can also provide additional control over network and site connections.
RPC (Remote Procedure Call) errors may occur, leading to data retrieval issues. If you encounter RPC errors, consider changing your RPC to resolve these problems. You can manually adjust your RPC in MetaMask or use third-party services like chainlist.org to select a more reliable RPC.
Stuck Ethereum transactions and high gas fees can be frustrating, but they are challenges that cryptocurrency enthusiasts must learn to navigate. With a better understanding of gas fees, the ability to save on fees is very high. A simple glimpse on a gas tracker website can tell you when is the best way to transact which is the most basic step even a complete beginner can take to save on fees and protect himself from pending transactions.