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Author Topic: Transaction fees: the biggest problem for crypto community in future?  (Read 4668 times)

Offline pealr12

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #15 on: April 03, 2021, 06:04:28 PM »
The reason why we need an alternative ASAP, because clearly this one's we have already failed in that department, but btc and eth has such high transaction fees, this has been affecting many small time traders especially, this is a problem already happening now before reaching the future.

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #15 on: April 03, 2021, 06:04:28 PM »

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #16 on: April 03, 2021, 10:09:15 PM »
Ethereum gas fees are just too high and small traders can no longer cope with it, presently now the Ethereum blockchain is mainly used by the rich this will actually lead to people looking for an alternative network with low fees, presently many projects has turned away from using the Ethereum blockchain and therefore uses the BSC network which seems to be more preferable because of its low fees.

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #17 on: April 03, 2021, 11:38:47 PM »
I am wondering that the initial reason why crypto exists is that it has a low fee for transactions, different from banks. The crypto will have fast transactions with very affordable fees. But in fact, it doesn't really be implemented right now. Right now, the fee is no matter, because whether the fee is high enough, we must be willing to cover it. ANd the high fee really makes the bad reputation of the crypto itself
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #18 on: November 21, 2021, 05:35:33 PM »
Of course, no one is happy with the current transaction fees, especially in Bitcoin and ethereum. But the ethereum network continues to be successfully updated and it is hoped that this problem will nevertheless be resolved as early as next year. But nothing positive can be said about bitcoin so far. This problem has not been globally resolved.
Since now there are so many platforms that attract with their novelty, of course, gas charges will be one of the main topics where users will choose which network to use. The future belongs to those ecosystems that will use very low or even completely free transactions.

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #19 on: November 21, 2021, 07:00:33 PM »
Transaction fees that are too large are certainly a problem if people get big results, they may not be affected by transaction fees, but maybe people with results that are not too big will think before selling if the transaction fees are too large.
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #20 on: November 21, 2021, 07:57:24 PM »
Ethereum gas fees are getting as frightening as ever. Imagine where I have to pay a $60 fee to sell a $50 token. Crazy, isn't it? Its preventing one from selling his or her dusts in the wallet

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #21 on: November 22, 2021, 04:53:57 AM »
Of course, no one is happy with the current transaction fees, especially in Bitcoin and ethereum. But the ethereum network continues to be successfully updated and it is hoped that this problem will nevertheless be resolved as early as next year. But nothing positive can be said about bitcoin so far. This problem has not been globally resolved.
Since now there are so many platforms that attract with their novelty, of course, gas charges will be one of the main topics where users will choose which network to use. The future belongs to those ecosystems that will use very low or even completely free transactions.

Me too, I also suffering because of high transaction fee
As OP said, Transaction fees: the biggest problem for crypto community in future?
I think Its not big problem for future, but for now.
Many investors complain about high gas fee.

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #21 on: November 22, 2021, 04:53:57 AM »


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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #22 on: November 22, 2021, 05:01:57 AM »
Ethereum gas fees are getting as frightening as ever. Imagine where I have to pay a $60 fee to sell a $50 token. Crazy, isn't it? Its preventing one from selling his or her dusts in the wallet

This is so bad actually and we are talking here of cryptocurrency...isn't it one of the benefits of using cryptocurrency to pay just a very small negligible fee for every transaction? I used to be paying not more than $.20 cents in the past with Ethereum transactions but now that it could just be a big dream. Yet, the Ethereum people seem to have a hard time fixing this problem on their faces...are they really that inutile enough or maybe they are delaying the solution to further enrich those people making big bucks out this situation? I am so tired of not being able to move my tokens and coins because of the unbelievable gas fee!!



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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #23 on: November 22, 2021, 07:09:17 AM »
Ethereum gas fees are getting as frightening as ever. Imagine where I have to pay a $60 fee to sell a $50 token. Crazy, isn't it? Its preventing one from selling his or her dusts in the wallet

I also think like that, EIP-1559 doesn't have a big impact on current problems, high fees can still be seen when making transactions, I'm just waiting for Altair at the end of the year, if this is successful, then both chains can run without any problems and we can immediately enjoy low gas fees
https://www.google.com/amp/s/cointelegraph.com/news/ethereum-2-0-inches-closer-with-the-beacon-chain-s-altair-upgrade/amp
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #24 on: November 22, 2021, 03:58:45 PM »
Until now I'm still having a problem of transaction fee of ethereum because I really want to move my ERC20 tokens to the exchanges but the fee is really insane.. In the future the gas fee will increasing more and I think the traders will still do transaction because they are big whales and we small time traders are no hope using ethereum network..

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #25 on: November 22, 2021, 04:26:53 PM »
Until now I'm still having a problem of transaction fee of ethereum because I really want to move my ERC20 tokens to the exchanges but the fee is really insane.. In the future the gas fee will increasing more and I think the traders will still do transaction because they are big whales and we small time traders are no hope using ethereum network..
Why is that? After all, we are promised to reduce it to quite acceptable levels. Only when this will happen is a big question. Personally, I believe that this will happen, otherwise Ethereum will collapse, and I no longer believe in that.
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #26 on: November 22, 2021, 05:07:07 PM »
Some blockchain transaction projects have a very good price, but if we talk about transactions on the Ether network, they are very highly inflated. Of course, the Ether needs to do something about this problem, maybe everything will settle after the platform update.
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #27 on: November 22, 2021, 05:39:08 PM »
There are many alternative that we can actually use now unlike before we all depend on the Ethereum network. The Ethereum network charging fees is not coming down soon because there is not intention from them for now. What is helping Ethereum now is because of it popularity and strongness.
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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #28 on: November 22, 2021, 05:52:03 PM »
Some blockchain transaction projects have a very good price, but if we talk about transactions on the Ether network, they are very highly inflated. Of course, the Ether needs to do something about this problem, maybe everything will settle after the platform update.

Ethereum has updated with Ethereum 2.0.
Ethereum team has launched Ethereum 2.0, but not solve this problem.
High gas fee is still be problem, many people complain about it.

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Re: Transaction fees: the biggest problem for crypto community in future?
« Reply #29 on: November 22, 2021, 07:34:01 PM »

Do you think transaction fees will be one of the biggest problems for the crypto community in the future? Is 100k tps enough for  market demand?

Of course, transaction fees will be one of the biggest problems for.the crypto community in the future, I hope the project team will solve this problem, because will have bad effect for crypto world.
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