Expensive Transaction fees in Both Bitcoin and Ethereum are sign of failure!

[pacar_tiri]

in my opinion the most expensive to make transactions is on the ethereum network because if you look at bitcoin there are still methods or ways to make transfers with very cheap fees, I often do it by doing it on the mempool network so it's definitely cheaper and better using bitcoin instead of ethereum.

I agree, I think Ethereum fee is so high.
Until now Ethereum dev didn't have good  solution for this problem.
Many investors suffered about it

[yurez]

The Ethereum network is increasingly frustrating to me due to its huge fees. I have almost given up on transactions on the Ethereum network and prefer to use Polygon (Matic) and Binance Smart Chain.

[masterrex]

in my opinion the most expensive to make transactions is on the ethereum network because if you look at bitcoin there are still methods or ways to make transfers with very cheap fees, I often do it by doing it on the mempool network so it's definitely cheaper and better using bitcoin instead of ethereum.

I agree, I think Ethereum fee is so high.
Until now Ethereum dev didn't have good  solution for this problem.
Many investors suffered about it

Yes, it is, and since I wrote this Thread in early February 2021 but until now it has not been fixed even the EIP-1559 was already implemented it seems that no relief was delivered with almost a year of waiting but I don't understand on the developer's side despite that many setbacks Ethereum developers are boosting that Ethereum today is already a deflationary token because they burn the gas fees at the expense of its users.

[therozaq]

I think they will fix it soon. Because this problem cannot continue for so long, they will lose their holders so soon. This is my personal opinion. But I still respect Ethereum.

Soon ? I think the developers  didn't have good solution for this problem this why until now bitcoin and Ethereum transaction fee are so high.

[DAMKAR]

I think they will fix it soon. Because this problem cannot continue for so long, they will lose their holders so soon. This is my personal opinion. But I still respect Ethereum.

Soon ? I think the developers  didn't have good solution for this problem this why until now bitcoin and Ethereum transaction fee are so high.

Yes, I think It's big problem for us, trader and Investor
Alywas suffering while do transaction.
Hopefully dev will fix this problem soon.

[Beattysuhita]

Bitcoin and Ethereum are big coins, I think it's natural to have expensive transaction fees. But unfortunately for Ethereum, there are so many tokens that are based on the ERC20 network and at this high cost, many people are disappointed.

[gurunanakji777]

Most of us have to pay hefty transaction fees when dealing with Bitcoin or Ethereum and this is the major problem we are facing so many trader use other coins where transaction charges are less. For eg: BSC and Tron is doing good with meager transaction charges as compared to BTC and Ethereum. The effect is most of the new projects are now BSC-based and nowadays Polygon is also attracting the dev of new projects.

[cheezcarls]

These gas fees are exorbitant and we can't do anything about it. Not even Binance Smart Chain, Polygon and Solana could control theirs despite it's still low but with drawbacks as well. In El Salvador, I think they are using the Lightning Network for BTC transactions (correct me if I'm wrong) and ETH 2.0 might be the problem-solver for this exorbitant gas fees that we have experienced in Ethereum.

[elbans89]

These gas fees are exorbitant and we can't do anything about it. Not even Binance Smart Chain, Polygon and Solana could control theirs despite it's still low but with drawbacks as well. In El Salvador, I think they are using the Lightning Network for BTC transactions (correct me if I'm wrong) and ETH 2.0 might be the problem-solver for this exorbitant gas fees that we have experienced in Ethereum.

Hopefully ETH 2.0 will be problem solver, But after ETH 2.0 has launched, I see Ethereum gas fee is still high.
I think Ethereum dev didn't have good solution yet.

[mu_enrico]

The trend is now pegging these coins (BTC & ETH) so users can use BSC, MATIC, etc. cheap tx fees to move the pegged coins. Yes, I also think it's a failure, but the market still decides the values aren't based on the tx fees, and they still have some workaround to cut fees via pegged coins. In other words, the market doesn't care about the fees! Crazy isn't it?

[alltalk]

What failure do you mean here? A failure of Ethereum and Bitcoin to give us a cheap transaction fee? I don't think it is a failure sign of both Ethereum and Bitcoin. A high transaction fee is caused by too many transactions that happened lately. If there is a significant increase in transactions, it means there are more people to be active in the crypto industry. Instead, it is a sign of the success in crypto industry.

[KaliLinux]

The Ethereum network is increasingly frustrating to me due to its huge fees. I have almost given up on transactions on the Ethereum network and prefer to use Polygon (Matic) and Binance Smart Chain.

Likewise, the only problem is that, we still, unfortunately, have to keep dealing with that Ether network and its high transaction fees because some projects that we hold are still on there and some I have even decided not to transact cos the fees is going to be much more than what I am getting from the coins  Polygon and BSC are the go-to networks now.

[satpol_PP]

Lately, more and more users are already pissed and moving away or temporarily halted using Ethereum because of expensive fees while others are started to look for better alternatives or even migrated to the Binance Smart Chain (BSC) and Tron Network which is much faster and sustainable transaction fees, compared to Ethereum.

Question how it will affect the Ethereum base tokens or ERC20 tokens in the short term?
Following that many are not happy with these intentionally impose transaction fees. Just imagine I was sending $70 worth of ERC20 tokens and It takes 45 minutes to confirm with the transaction fee of $26 for me that was too much It was a shame on the Ethereum side. they are slowly eaten by greed. drop your fearless opinion below!!!

Yeah, I think It's the failure.of project development.
Dev team of bitcoin and Ethereum should have good solution for high transaction fee problem
Until now, Not yet.

[de_prof]

Yeah, I think It's the failure.of project development.
Dev team of bitcoin and Ethereum should have good solution for high transaction fee problem
Until now, Not yet.

Keep calm, I think project team will have good solution to reduce gas fee.
Although several people said It's impossible, but I believe dev team will solve this problem

[Freemind]

Keep calm, I think project team will have good solution to reduce gas fee.
Although several people said It's impossible, but I believe dev team will solve this problem

It is not that the developers have no solution because it is impossible to fix the problem. After all the time that has passed, the only possible solution will be the (full and functional) launch of ETH 2.0. What it does seem is that the developers do not care at all about the situation in which many users are now, and that is a very negative point for decentralization, it seems that Ethereum has become a chain only for people with a lot of money. They have had enough time to find solutions and also to implement them.