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Author Topic: Timeline for Solving Gas Fees  (Read 4222 times)

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Re: Timeline for Solving Gas Fees
« Reply #15 on: May 20, 2022, 09:40:29 AM »
The issue of high gas fee is gonna take long time, and you may understand that Ethereum platform has come along way; getting to the transaction fees adjustment will take time considering that miners may not generally agree on the proposer. I think high gas fee isue will definitely linger for a long time, may be when there is major upgrade like the full functional of the Ethereum 2.0

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Re: Timeline for Solving Gas Fees
« Reply #15 on: May 20, 2022, 09:40:29 AM »

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Re: Timeline for Solving Gas Fees
« Reply #16 on: May 21, 2022, 08:34:34 AM »
I see big coins that have very widely used networks such as blockchain and ethereum that have very high costs because of very different algorithms, if you want to enjoy low fees then you have to change networks to BSC because with the BSC network it has very high transaction fees. cheap and can provide very good transaction speed.

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Re: Timeline for Solving Gas Fees
« Reply #17 on: May 21, 2022, 12:26:39 PM »
A very good commission is now for a transaction on the Air, if such a commission remains and most projects will come to this platform in the future. That's just the bottom of the problem, then it will grow again and the money will start sticking out of the transaction.
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Re: Timeline for Solving Gas Fees
« Reply #18 on: May 21, 2022, 08:42:30 PM »
There is no certain time to fix the problem of Gas Fees. I only expect Vitalik and his team to respond seriously to this Gas Fees problem.

But Ethereum developer seems didn't have good improve for their projects to solve high gas fee.



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.

Well, now we've an expected timefranme for the initial phase of ETH 2.0 as recently Vitalik Buterin along with other core developer claimed that the merge  from POW to POS might be happened in August. Also Vitalik Buterin said, it could happen in september or october if there's any hiccups or potential risks.
Check this out: https://twitter.com/WuBlockchain/status/1527470665124937728
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Re: Timeline for Solving Gas Fees
« Reply #19 on: May 30, 2022, 09:57:34 AM »
I think Ethereum gas fee always depending on Ethereum price.
We know ETH price is low know, and we will see the gas fee will go down.
It will always happen.
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Re: Timeline for Solving Gas Fees
« Reply #20 on: June 01, 2022, 01:13:02 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?


Gas fee is going down, It's good for us.
We should always check it in gas track.
Ethereum gas fee is so high lately.
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Re: Timeline for Solving Gas Fees
« Reply #21 on: June 08, 2022, 04:36:28 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?

I think no solution for gas fee problem of Ethereum.
Until now, every investors and traders waiting Ethereum 2.0 launched completely, but no solution.
Alternate smart contract platform offering this problem.

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Re: Timeline for Solving Gas Fees
« Reply #21 on: June 08, 2022, 04:36:28 AM »


Offline cheezcarls

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Re: Timeline for Solving Gas Fees
« Reply #22 on: June 11, 2022, 03:33:06 PM »
For now, we just have to live with the uncontrollable and exorbitant gas fees of Ethereum. However, we consider ourselves lucky when ETH gas fees was lowered in a specific date and time, but of course we do not know when will this be happening again for us to save fees in either transferring ERC20 tokens, swapping on Uniswap, add or remove LP, etc.
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Re: Timeline for Solving Gas Fees
« Reply #23 on: June 12, 2022, 02:14:15 AM »
The highest Ethereum price we saw was above four thousand dollars but then if the transaction free had been less then the Etherium price would not have been so dumping. I don't think there will be a pumping of Ethereum Price if the transaction free is not reduced.

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Re: Timeline for Solving Gas Fees
« Reply #24 on: June 16, 2022, 09:20:25 PM »
The highest Ethereum price we saw was above four thousand dollars but then if the transaction free had been less then the Etherium price would not have been so dumping. I don't think there will be a pumping of Ethereum Price if the transaction free is not reduced.

We know gas fee always depend on traffic and Ethereum price.
I think Ethereum dev should have good solution for their gas problem.
Current gas is lower, but It's still expensive
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Re: Timeline for Solving Gas Fees
« Reply #25 on: June 17, 2022, 04:20:44 AM »
the cost of sending using cryptocurrency depends on the blockchain network you use, for example the Ethereum network which as long as no one is using it, the gas fee for making transactions will still be cheap but when many platforms are using it, the gas fee will increase.
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Re: Timeline for Solving Gas Fees
« Reply #26 on: June 18, 2022, 09:42:11 AM »
the cost of sending using cryptocurrency depends on the blockchain network you use, for example the Ethereum network which as long as no one is using it, the gas fee for making transactions will still be cheap but when many platforms are using it, the gas fee will increase.
I think if you want to make transactions using low fees, it's better to use other networks such as the Tron network, BSC or others which have low fees and can make transactions faster and this method is usually used for arbit markets.

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Re: Timeline for Solving Gas Fees
« Reply #27 on: June 18, 2022, 03:25:46 PM »
Some time ago I saw the price of Eth Gas Fee which was cheap, but unfortunately it was also the same as the price of the Erc20 Token that I had which was also very cheap.
So it's the same for me it's useless, actually if we want to wait the price of ETH gas will also be cheap. 
Because Eth Gas also fluctuates, depending on the density of traffic on the Ethereum platform. 
But unfortunately sometimes when we need it, Eth Gas is suddenly very expensive and that makes us disappointed.

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Re: Timeline for Solving Gas Fees
« Reply #28 on: July 03, 2022, 04:32:32 PM »
the cost of sending using cryptocurrency depends on the blockchain network you use, for example the Ethereum network which as long as no one is using it, the gas fee for making transactions will still be cheap but when many platforms are using it, the gas fee will increase.
Yes, it all depends on how dense the traffic on the Blockchain is. And because this Ethereum Blockchain is a big Blockchain that has a lot of Crypto products, so the Ethereum Network will not be lonely. So we have to be very good at monitoring Ethereum gas prices before we use it.


 

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