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Author Topic: Timeline for Solving Gas Fees  (Read 4183 times)

Online TomPluz

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Timeline for Solving Gas Fees
« on: March 18, 2022, 06:06:46 AM »


We know that for so many months now, the biggest problem we the people the crypto users deal with Ethereum is its incredible high gas fees for transacting business under the network. I was not able to convert many of my tokens and coins under the Ethereum because the cost of transferring made things unprofitable, in the first place. And for the past many months, developers in the Ethereum network failed to offer real, solid and effective solutions for the matter. Now, am wondering, is there already an estimated timeline for solving this problem...like saying that after the introduction of this and that we can expect things to be back normal? Or is it the same...still lost into the unknown?

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Timeline for Solving Gas Fees
« on: March 18, 2022, 06:06:46 AM »

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Offline dekafee79

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Re: Timeline for Solving Gas Fees
« Reply #1 on: March 18, 2022, 03:00:14 PM »
I think It will take the time , for the Ethereum team to solve gas fee problem.
Because I also read from several analysis, this problem is difficult to solve and maybe never.
Talking about timeline for solving gas fee, I think it will solve for the few week or  month.
Keep realise is better than have false hope.

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Re: Timeline for Solving Gas Fees
« Reply #2 on: March 18, 2022, 08:50:38 PM »
Cryptocurrency transactions through the Ethereum blockhain already long time are for the rich people and therefore I already forgot when I last time used the Ethereum blockchain, it is also unknown when the price of gas on the Ethereum blockchain will be the same as it was several years ago, so for now we just have to hope and wait that this will happen soon.
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Re: Timeline for Solving Gas Fees
« Reply #3 on: March 19, 2022, 02:14:50 PM »


We know that for so many months now, the biggest problem we the people the crypto users deal with Ethereum is its incredible high gas fees for transacting business under the network. I was not able to convert many of my tokens and coins under the Ethereum because the cost of transferring made things unprofitable, in the first place. And for the past many months, developers in the Ethereum network failed to offer real, solid and effective solutions for the matter. Now, am wondering, is there already an estimated timeline for solving this problem...like saying that after the introduction of this and that we can expect things to be back normal? Or is it the same...still lost into the unknown?

The problem is that we don’t know when this will end. Since Vitalik Buterin dropped 2.0 to the trash and introduced the consensus layer, there are no guarantees or promises if this actually solves the exorbitant and uncontrollable gas fees that we are experiencing these days.

As of right now, our hopes of a controlled gas fee of ETH is still up in the air indefinitely.
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Re: Timeline for Solving Gas Fees
« Reply #4 on: March 19, 2022, 03:21:02 PM »
New and small investors face many problems due to the large amount of gas free cutting.But I've seen some of their news that it will never be possible to cut gas free. It is not possible for them.However, if we all talk together in the timeline, we can come up with a solution.
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Re: Timeline for Solving Gas Fees
« Reply #5 on: March 27, 2022, 03:31:55 AM »
always interesting to be a subject of discussion about the high gas transaction.  Everyone will feel irritated if they can't make transactions when the coin price goes up.  The team should think about this and come up with the best solution.
It is big problem that always become an nightmare for investors, traders,bounty hunters and other.
We can reduce the gas fee, seek the right time. by always check the gas tracker.
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Re: Timeline for Solving Gas Fees
« Reply #6 on: April 10, 2022, 07:05:08 AM »
I guess there is no solution to solve the gas fees, we were waiting the eth 2.0 to solve this problem but still nothing happens.. The only way that we can afford to pay at low fee is to wait, always check the gas fee time to time because sometimes that the gas will sudden to go down..

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Re: Timeline for Solving Gas Fees
« Reply #6 on: April 10, 2022, 07:05:08 AM »


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Re: Timeline for Solving Gas Fees
« Reply #7 on: April 10, 2022, 06:39:27 PM »


We know that for so many months now, the biggest problem we the people the crypto users deal with Ethereum is its incredible high gas fees for transacting business under the network. I was not able to convert many of my tokens and coins under the Ethereum because the cost of transferring made things unprofitable, in the first place. And for the past many months, developers in the Ethereum network failed to offer real, solid and effective solutions for the matter. Now, am wondering, is there already an estimated timeline for solving this problem...like saying that after the introduction of this and that we can expect things to be back normal? Or is it the same...still lost into the unknown?

Since the issue of the Ethereum network gas fee surfaced, I have been hearing of a certain upgrade, the Ethereum 2.0 coming as a solution since 2020 but unfortunately, nothing has happened till this date. The development plans of this upgrade has no fixed date but hopefully there Ethereum 2.0 will come in the future. I think the high gas fee solution is still pending. Thank you

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Offline elbans89

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Re: Timeline for Solving Gas Fees
« Reply #8 on: April 11, 2022, 08:31:29 PM »

Since the issue of the Ethereum network gas fee surfaced, I have been hearing of a certain upgrade, the Ethereum 2.0 coming as a solution since 2020 but unfortunately, nothing has happened till this date. The development plans of this upgrade has no fixed date but hopefully there Ethereum 2.0 will come in the future. I think the high gas fee solution is still pending. Thank you

You're right, I also heard about Ethereum 2.0 will solve about gas fee problem since 2020, but until now there isn't good solution yet.
I think Ethereum developer still working on it, but until when.
There are many investors complain about high transaction fee.
Maybe Ethereum will be leaved by investors and migrate to other smart contract platform.
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Re: Timeline for Solving Gas Fees
« Reply #9 on: April 17, 2022, 03:12:18 PM »
I think there is way to solve gas fee of Ethereum.
Ethereum developer should have good idea to improve their project and solve this problem.
We can check gas track  every time, but it's not solution.
I think It will bad effect to popularity of Ethereum at the coming years, projects will migrate to other smart contract platform.

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Re: Timeline for Solving Gas Fees
« Reply #10 on: April 18, 2022, 12:17:04 AM »
There is no certain time to fix the problem of Gas Fees. We even didn't hear that Vitalik wants to give his best efforts to decrease the Gas Fees. I know this Gas Fees problem is very annoying, but sadly we don't know the time to fix it. The Gas Fees never decreased, it is even getting higher sometimes. I only expect Vitalik and his team to respond seriously to this Gas Fees problem.
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Re: Timeline for Solving Gas Fees
« Reply #11 on: April 18, 2022, 02:07:07 PM »
If you remember the price of ETH gas, which is quite expensive, it's a headache and an eye pain. I once failed to sell tokens from the Erc20 network because the ETH Gas fee was quite expensive.  Indeed, the price of this gas is actually also fluctuating, meaning that the price goes up and down. But unfortunately at the lowest point for now, it is still very high when compared to last 2017-2018.
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Re: Timeline for Solving Gas Fees
« Reply #12 on: April 19, 2022, 02:51:02 AM »
We are forced to wait for The Merge of Ethereum to experience the power of POS. I think that's the only way to reduce transaction fees on Ethereum. Solutions like EIP-1559 do not help with this problem. I expect the POS update to arrive in 2022 and we have no further delays.

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Re: Timeline for Solving Gas Fees
« Reply #13 on: April 26, 2022, 05:15:15 PM »
There is no certain time to fix the problem of Gas Fees. We even didn't hear that Vitalik wants to give his best efforts to decrease the Gas Fees. I know this Gas Fees problem is very annoying, but sadly we don't know the time to fix it. The Gas Fees never decreased, it is even getting higher sometimes. I only expect Vitalik and his team to respond seriously to this Gas Fees problem.

Maybe it will never been resolved, because not easy to replace or build system.
ERC20 is smart contract platform which most popular than other platforms, has been integrated to many projects.
But Ethereum developer seems didn't have good improve for their projects to solve high gas fee.
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Offline lepbagong

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Re: Timeline for Solving Gas Fees
« Reply #14 on: May 20, 2022, 05:27:44 AM »
There is no certain time to fix the problem of Gas Fees. We even didn't hear that Vitalik wants to give his best efforts to decrease the Gas Fees. I know this Gas Fees problem is very annoying, but sadly we don't know the time to fix it. The Gas Fees never decreased, it is even getting higher sometimes. I only expect Vitalik and his team to respond seriously to this Gas Fees problem.

Maybe it will never been resolved, because not easy to replace or build system.
ERC20 is smart contract platform which most popular than other platforms, has been integrated to many projects.
But Ethereum developer seems didn't have good improve for their projects to solve high gas fee.

There will always be efforts to improve, even though it may not be as easy as imagined. if a problem occurs, it will be ensured that efforts to improve it will be made to be able to provide the best for those who have always hoped for such a change.
but we know that every time the price has gone up high then to lower the price there will always be obstacles and it can't be avoided. but because of their promise that eth2.0 will cut costs and speed will increase, so we'll just have to wait until eth2.0 is launched.
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MIX.NOW
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