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Author Topic: The popularity of ether is declining due to extra gas fees & poor transactions?  (Read 7632 times)

Offline collinsjie

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I don't see ether popularity declining. Ether is a very strong network that has bought the heart of many blockchains enthusiasts. The network is strong, secure and reliable. This is the quality that can't be compromised by ether. Other networks that are coming on board are still learning from the Ethereum network.
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I think the increase in the cost of gas for transactions on the ethereum network is due to the influence of the price of ethereum on the exchange increasing, but at this time the price has collapsed and the exchange value has decreased so the gas costs have become cheaper.
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Offline pelana vreo

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

The popularity of Ethereum is still increasing because I still see many new projects using this platform, BSC is the choice because of the low transaction fees, over time, its popularity will definitely increase because from some sources I have seen, the number of transactions on the network reaches 1.5 Billion

https://www.google.com/amp/s/cointelegraph.com/news/binance-smart-chain-surpasses-1-5-billion-lifetime-transactions/amp

Offline Afony

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It is necessary to look at how many transactions there were before they raised the price of the transaction, I do not think that the reputation of the ether is falling. Maybe if it only fell a little, but it can be seen on the market that Ether is slowly starting to slow down the growth rate.
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Yeah Al that sounds pretty crap to me, Looks like Ethereum is losing its popularity because of the extra gas fees and poor transactions. If Ethereum's network fees are high, many people will not be able to make any transactions. In that case Ethereum transactions are declining. And if you want to send 10 dollars, 20 dollars network fee is asked. In that case the loss is more than the profit. So it can be said that the popularity of Etherium is decreasing day by day.

Offline naitik01

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Ethereum transactions have had a slight impact due to ethereum's extra-increased fees. But its popularity has not decreased, just as its value is increasing.

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Offline gotbounty

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I also feel it, the popularity of ETH is decreasing because of the problem of gas fees. And it will be getting worse if there is no real solution from Ethereum developer. Now, people are thinking about the capacity of Vitalik as the CEO of ETH, why does he seem not respond it well? All ETH users are waiting for the solution of the expensive gas fees. But till now, there is no solution yet.
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Offline silkytakyaan86

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According to me , to some extent you are right. Ethereum increased fees is an issue but we cannot say that its popularity is decreasing.This is because Ethereum has a lot of value even today.  And its marketing is also enough

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Offline shadowdio

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Ethereum popularity declining? maybe for small time traders like me who can't afford the expensive gas fee.. but for the big whales they can afford it so they can still use ethereum network that is why the gas fee is still high and its never go down.

Offline EthereumDev_

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when looking at the very high gas fees on the ethereum platform, I think it is a natural thing because you have many users who are making transactions on the ethereum network, maybe you can use other networks to continue to enjoy transactions with very small fees.

Offline Azharul

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We know that ethereum network is the best valuable in the cryptocurrency world. Because it's the best currency after Bitcoin. So I think that gradually it's popularity will spread worldwide. But in this moment we can see that popularity of ethereum is going down. Because we can see that gas fee of ethereum is declining and we also see that it's lower transaction. I believed that gradually it's popularity will increase and it's price will be acceptable.
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Offline Derakelv

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The gas fee issue has always been one thing that has limited the Ethereum space and is definitely something that ought to be worked on. It has been my main hindrance in engaging with ETH related projects. It diverted my attention to other projects and I got to find out about Bitay.

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They’ve got 700,000 KYC approved users and an average daily trading volume of $55,000,000.

This is a project to be part of

Offline Muneeb22

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The poor transaction and the high fee is the main reason that the ETH coin popularity will be effected and this time the market is down and some of this reason will down the eth and i hope soon the ETH go high and that time i hope they reduce the fee also.

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Offline Afony

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Of course, the price of ether will decrease due to the fact that the transaction reaches a high limit at some times. Most projects are moving from the ether to the BSC platform due to low fees and fast transactions.
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Offline Manna

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However, when ETH gas fee drops, the amount of transactions of the users increases. However, the transaction fee is much lower on other platforms. For example, the transaction fee is much lower on Tron and bsc platforms.

 

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