Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: TomPluz on March 18, 2022, 06:06:46 AM
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Traffic and the Ethereum price are the basic factor that influence gas fee.
I think no solution for gas fee problem, If the developer team didn't have good improve for their project
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Traffic and the Ethereum price are the basic factor that influence gas fee.
I think no solution for gas fee problem, If the developer team didn't have good improve for their project
the problem is that if the price of supporting coins is high, then there will be consequences and this is clearly a dilemma. but they must be able to provide the best service so as not to be left behind. I agree, my friend, that the #DevelopmentTeam must always provide innovation so that there is always maximum improvement in everything.
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I have no idea of the solution to the high fees of ethereum. But due to its high fee, I have definitely suffered a lot. Tokens lying in the Ethereum blockchain that have been damaged. Due to this fee, I could neither withdraw nor trade them. Well I hope so. There will be some solution for this.
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The cost of sending tokens on the ethereum network has now dropped to under $1 usd, however some tokens have different contracts and they have gas limits on being able to send tokens, with Ethereum prices currently over $1k and transaction fees sending under my $1 thought it was good.
https://etherscan.io/tx/0x656d0d4f6bd83d7bf77c1f48cb5c3b28b9ba0f9e675582cce08cc6f235135bc0
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The cost of sending tokens on the ethereum network has now dropped to under $1 usd, however some tokens have different contracts and they have gas limits on being able to send tokens, with Ethereum prices currently over $1k and transaction fees sending under my $1 thought it was good.
https://etherscan.io/tx/0x656d0d4f6bd83d7bf77c1f48cb5c3b28b9ba0f9e675582cce08cc6f235135bc0
The Ethereum network is indeed the best at storing, transacting or preparing a new idea. However, since it was hit by the increasing cost of nets or can be called gas. Eth began to be abandoned by some circles except for a whale. But slowly getting here the gas is starting to show a friendly state and it can be said that only in the current state the costs are starting to show cheap. I can only hope that it will continue like this in the future. Because it is undeniable that the eth network is the best network for myself.
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Because it is undeniable that the eth network is the best network for myself.
The Ethereum network is popular with their smart contract and POW system, I also saw a decrease in swap fees on platforms like Uniswap, it looks like the Beacon chain has been activated, because the number of Ethereum in the Beacon chain making Deposits for Validators continues to grow
(https://i.imgur.com/kEbiuRX.jpg)
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in my opinion, the biggest weakness of the current etherum network is the cost of gas, so many project developers switch to other networks such as bnb, polygon is cheaper than etherum, for now etherum has not found a solution to reduce gas costs, etherum split has not affect the cost of gas, if this is still sustainable etherum will lose a lot of developers in the network.
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This time the ETH fee is high but soon it will reduce baceuse almost new project will go in BSC and in TRX wallet and this is the the best choice becasue the BSC and the TRX wallet fee is so small and that is so much secure wallet like the ETH wallet and that is the main reason that the new projects will choose these two wallets almost.
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After a long time, the time has come for solving the gas fees of ethereum. The client developers are currently working to a soft deadline of 19th September 2022, but this could change depending upon the success of the final testnet merge (Goerli) in mid-August. After this the fee will also be reduced and the transaction will also become faster.
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About new update coming in ethereum will solve the gas fees it will be to much low about 1$ may be it will be soon in September it will happen guys be ready ethereum boom boom also price will be huge.
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If they update their Ether system, which will be in September, will lead to the cost of a transaction on the network, which will be in the limit of $ 1, it will be very difficult to believe it.
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If they update their Ether system, which will be in September, will lead to the cost of a transaction on the network, which will be in the limit of $ 1, it will be very difficult to believe it.
Yeah, I don't believe September Ethereum will be lower around 1$.
Ethereum 2.0 didn't solve their gas fee problem.
be realistic, gas fee wlays depends on traffic and price.
So, It's impossible to happen
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About new update coming in ethereum will solve the gas fees it will be to much low about 1$ may be it will be soon in September it will happen guys be ready ethereum boom boom also price will be huge.
Recently, the transaction fees on the ethereum network have dropped a lot. There is a drop to $0.2 per transaction. Right now CoinMarketCap is showing 20 gwei per transaction, 100 gwei is pretty reasonable. If this fee remains even at the current level, then we can assume that this problem for the ethereum network has been resolved. I wonder how the gas fee will change after the long-awaited network upgrade next month?
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If they update their Ether system, which will be in September, will lead to the cost of a transaction on the network, which will be in the limit of $ 1, it will be very difficult to believe it.
Yeah, I don't believe September Ethereum will be lower around 1$.
Ethereum 2.0 didn't solve their gas fee problem.
be realistic, gas fee wlays depends on traffic and price.
So, It's impossible to happen
their team says like that, wherever there will always be changes but it all ultimately depends on the real situation. so it's possible that the fact that fees cannot be reduced is something to understand too, because what you( Anshor (https://www.altcoinstalks.com/index.php?action=profile;u=34308) ) said is clearly true that fees will also look at trading traffic and current ethereum prices.
but it's better to wait for the full release of eth2.0 and we can see when it happens, because right now there are improvements although maybe not perfect.
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About new update coming in ethereum will solve the gas fees it will be to much low about 1$ may be it will be soon in September it will happen guys be ready ethereum boom boom also price will be huge.
It's almost similar to Polygon, but I'm not sure the gassl fee has a limit, because no one regulates the network, I've seen mint transactions on the polygon network more expensive than usual, will it happen in the Beacon chain, let's see next september, I'm still waiting for a lot of updates from the ethereum developer
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Everything should change with the update of the Ether platform, the transaction fee should be regulated and be one constant price. Ether should have a lot of new appearances on the platform, at least planned.