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Author Topic: Ethereum gas price ridiculously high  (Read 28366 times)

Offline DAMKAR

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Re: Ethereum gas price ridiculously high
« Reply #210 on: March 28, 2024, 01:35:48 PM »
The ETH blockchain is very robust, perhaps it is for that reason that we have good projects on the ERC-20 network and it is very true, in fact the latest projects that I have seen on the ERC-20 network of ETH are very good projects. and that makes the difference, so I think that's what makes this blockchain interesting, however GAS is something that is very Catastrophic for me , to throw Money away you have to have a lot of money for it to be worth the expense. fee, in reality this is something that affects a lot, for Someone who does projects and gne of 50usd or 100usd it is not profitable at all, it is an impressive thing, now, the deviations at these heights have already solved the problem, but alas Things continue to present themselves like this , they are people who don't Understand and are on the Verge of a new ATH.
The ecosystem on the Ethereum network is indeed trusted and very strong, the community support that Ethereum has is also very high, it is certain that when there are good projects created on the Ethereum network and they have a team that suits their field, many will be successful.

That's what we have been observing, even though Ethereum gas is very high, but why are more projects on Ethereum successful? Ethereum also still has a large community. Even though other platforms are cheaper and faster, why can't they overtake ethereum.

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Re: Ethereum gas price ridiculously high
« Reply #210 on: March 28, 2024, 01:35:48 PM »

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Re: Ethereum gas price ridiculously high
« Reply #211 on: March 28, 2024, 05:23:25 PM »
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.

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Re: Ethereum gas price ridiculously high
« Reply #212 on: March 29, 2024, 05:48:10 PM »
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.
This is natural, if the technology is not developed further, it will make this technology obsolete, eventually many will leave a program as good as Ethereum. However, if Ethereum developers are able to overcome the problem of high transaction fees, then it is certain that Ethereum users will not leave and will still provide support to Ethereum.

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Re: Ethereum gas price ridiculously high
« Reply #213 on: March 29, 2024, 09:39:00 PM »
The ETH blockchain is very robust, perhaps it is for that reason that we have good projects on the ERC-20 network and it is very true, in fact the latest projects that I have seen on the ERC-20 network of ETH are very good projects. and that makes the difference, so I think that's what makes this blockchain interesting, however GAS is something that is very Catastrophic for me , to throw Money away you have to have a lot of money for it to be worth the expense. fee, in reality this is something that affects a lot, for Someone who does projects and gne of 50usd or 100usd it is not profitable at all, it is an impressive thing, now, the deviations at these heights have already solved the problem, but alas Things continue to present themselves like this , they are people who don't Understand and are on the Verge of a new ATH.
The ecosystem on the Ethereum network is indeed trusted and very strong, the community support that Ethereum has is also very high, it is certain that when there are good projects created on the Ethereum network and they have a team that suits their field, many will be successful.

That's what we have been observing, even though Ethereum gas is very high, but why are more projects on Ethereum successful? Ethereum also still has a large community. Even though other platforms are cheaper and faster, why can't they overtake ethereum.

We believe in the blockchain network, in ETH projects even though the fees are very high, they prefer the network because it has been and has been present all the time in the best projects, so their confidence is strong, I couldn't say less than the other networks, because the other networks are quite strong and very well programmed like the ones that are sounding now like Solana, Polygon, but the ERC-20 network itself is very strong and provides security in part, security is always very good for every project, in this aspect we can say that things are different, the degree of confidence of the devs is more inclined towards the ERC-20 network regardless of gas costs.

In 2017 there were many projects, congestion was created and everything, but the network was quite powerful, it still remains that way, except that to solve the gas problem it takes much more time and programmers working day and night, that That was what Buterin said about this.
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Offline doc

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Re: Ethereum gas price ridiculously high
« Reply #214 on: March 30, 2024, 07:58:26 AM »
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.
This is natural, if the technology is not developed further, it will make this technology obsolete, eventually many will leave a program as good as Ethereum. However, if Ethereum developers are able to overcome the problem of high transaction fees, then it is certain that Ethereum users will not leave and will still provide support to Ethereum.

I often read a lot of complaints from investors about the ethereum gas fee problem, it is expensive and the ethereum team never had a way to solve it. We know this is an old problem and has not yet been resolved.

Offline Litzki1990

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Re: Ethereum gas price ridiculously high
« Reply #215 on: March 30, 2024, 09:44:36 AM »
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.
The popularity of the Ethereum platform has not decreased compared to before because the problem of excessive transaction fees of Ethereum is not new, we have seen it for a long time. Already the number of investors on the Ethereum platform is low only because of its high transaction fees but the popularity of Ethereum has definitely increased in that proportion. Many people may try to avoid this platform due to the problem of extra transaction fees of Ethereum, but there are many investors who invest a lot of money but do not see these transaction fees too big. Ethereum has grown in popularity. However, if the problem of high transaction fees is solved, its popularity will increase manifold.

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Re: Ethereum gas price ridiculously high
« Reply #216 on: April 03, 2024, 03:54:55 PM »
As for my opinion why gas price high,due to network congestion, causing driving feels up to all transactions when it is crowded ,gas prices tend to skyrocket to compete the transaction ..many coins offering lower gas payment ,  this is there advantage but  still they' can't be overtake Ethereum any more people still patronising Ethereum. Why ? Because they still believe Ethereum will dominate the market in future.
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Re: Ethereum gas price ridiculously high
« Reply #216 on: April 03, 2024, 03:54:55 PM »


Offline TopT3ns

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Re: Ethereum gas price ridiculously high
« Reply #217 on: April 04, 2024, 06:07:33 AM »
As for my opinion why gas price high,due to network congestion, causing driving feels up to all transactions when it is crowded ,gas prices tend to skyrocket to compete the transaction ..many coins offering lower gas payment ,  this is there advantage but  still they' can't be overtake Ethereum any more people still patronising Ethereum. Why ? Because they still believe Ethereum will dominate the market in future.
   to o
Exactly, when transactions become very busy, miners need a lot of time to validate them, so miners might choose a transaction method that has a fairly high transaction fee to be completed first, which is why transaction fees become very expensive when the network is busy.

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Re: Ethereum gas price ridiculously high
« Reply #218 on: April 07, 2024, 05:44:41 PM »
As for my opinion why gas price high,due to network congestion, causing driving feels up to all transactions when it is crowded ,gas prices tend to skyrocket to compete the transaction ..many coins offering lower gas payment ,  this is there advantage but  still they' can't be overtake Ethereum any more people still patronising Ethereum. Why ? Because they still believe Ethereum will dominate the market in future.
   to o
Exactly, when transactions become very busy, miners need a lot of time to validate them, so miners might choose a transaction method that has a fairly high transaction fee to be completed first, which is why transaction fees become very expensive when the network is busy.
That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.

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Re: Ethereum gas price ridiculously high
« Reply #219 on: April 12, 2024, 03:21:27 PM »
That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.
When you want to make transactions with relatively cheap fuel costs, using another network may not necessarily be the right way because not all coins are registered or supported on other networks. So remain careful when you want to make cryptocurrency transactions with different networks.

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Re: Ethereum gas price ridiculously high
« Reply #220 on: April 14, 2024, 04:32:05 PM »
That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.
When you want to make transactions with relatively cheap fuel costs, using another network may not necessarily be the right way because not all coins are registered or supported on other networks. So remain careful when you want to make cryptocurrency transactions with different networks.
Before making a transaction with another network, check whether this coin can use another network, I think almost all coins can use the Binance smart chain. because BSC is an alternative smart contract platform that is very popular after ethereum. And so far I haven't had any problems when switching networks to BSC and TRC20. Have you ever had problems with this? What coin and network do you use?

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Re: Ethereum gas price ridiculously high
« Reply #221 on: April 16, 2024, 04:52:33 PM »
Before making a transaction with another network, check whether this coin can use another network, I think almost all coins can use the Binance smart chain. because BSC is an alternative smart contract platform that is very popular after ethereum. And so far I haven't had any problems when switching networks to BSC and TRC20. Have you ever had problems with this? What coin and network do you use?
Everyone can use the BSC network, but there are markets that do not have liquidation, so when you sell tokens using the BSC network as long as there is no liquidation from the market, you will never be able to sell the tokens even though there is smart contract support from the BSC network.

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Re: Ethereum gas price ridiculously high
« Reply #222 on: Today at 03:45:09 PM »
Before making a transaction with another network, check whether this coin can use another network, I think almost all coins can use the Binance smart chain. because BSC is an alternative smart contract platform that is very popular after ethereum. And so far I haven't had any problems when switching networks to BSC and TRC20. Have you ever had problems with this? What coin and network do you use?
Everyone can use the BSC network, but there are markets that do not have liquidation, so when you sell tokens using the BSC network as long as there is no liquidation from the market, you will never be able to sell the tokens even though there is smart contract support from the BSC network.
If that happens, of course there will definitely be other smart contract alerts besides the Binance smart chain. If there is no liquidation in the market, we can use the Solana network, Tron or maybe other networks. because usually the market provides several networks there, we look for one with cheaper gas fees and faster transactions

 

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