Expensive Transactions on Ethereum: Problem and Possible Solutions

[DAMKAR]

Upgrade after upgrade and buzzwords after buzzwords and Ethereum is barely making twice as much tx a day as Bitcoin while being twice as expensive on average, to me it looks more like the fees are going down because high-volume tokens have migrated from eth to things like tron, (usdt) and not because of these "fixes" that didn't fix anything major!

Exactly, Vitalik Buterin will never solve this problem because currently the transaction fee problem on Ethereum is no longer possible to fix because it requires large costs and takes quite a long time. Meanwhile, Ethereum is a digital currency that has a high daily trading volume. It's quite high so it's impossible to stop its circulation just to fix high transaction costs and it's also not guaranteed to be successful.

I see that the Ethereum team has tried to solve the problem of high gas fees, although until now it has not been resolved. I also read several opinions like yours, such as the ethereum high gas fee problem will never be resolved. but ethereum will remain the priority of big investors after bitcoin became the first. Because we know ethereum has a very large community.

[Stompix]

Exactly, Vitalik Buterin will never solve this problem because currently the transaction fee problem on Ethereum is no longer possible to fix because it requires large costs and takes quite a long time. Meanwhile, Ethereum is a digital currency that has a high daily trading volume. It's quite high so it's impossible to stop its circulation just to fix high transaction costs and it's also not guaranteed to be successful.

You don't need to stop trading when you have a hard fork, Bitcoin didn't stop trading with Segwit or Taproot either!
Also, there are no high costs, it costs nothing to implement a change, just look at how Bitcoin did these, you just update and the chain continues on the updated protocol, validating new rules.
The problem with Ethereum is simple, Vitalik thinks that eventually his path will lead to scalability, and he refuses other updates that would fix the problem now, much like Bitcoin developers do, so it's more about pride than money!

Yes, that's right, upgrade after upgrade without any noticeable improvement on the Ethereum network. Many upgrades were launched about two years ago until now, the most recent of which was the Dencun upgrade, which promised to significantly reduce fees, but we have not noticed this until now

A long time ago I stopped caring about the eth upgrades.
There was an interesting one when they switched from PoW to PoS but the rest are like Windows updates.

[KryptoBull]

I see that the Ethereum team has tried to solve the problem of high gas fees, although until now it has not been resolved. I also read several opinions like yours, such as the ethereum high gas fee problem will never be resolved. but ethereum will remain the priority of big investors after bitcoin became the first. Because we know ethereum has a very large community.

As I checked, the Ethereum Foundation is no longer focused on sharding. They have abandoned this solution in favor of focusing on layer-2 for the time being, as this solution is easier to implement and is effective enough to meet user needs with a speed of 100k tps. After the DenCun upgrade, transaction fees on layer-2 solutions have dropped to a few cents, and users are experiencing and enjoying it to the fullest.

I don't know much more about the technology updates for Ethereum layer-1. It seems that they don't want to focus on improving layer-1 right now. This could be a task for the future, after layer-2 is good enough and no further updates are needed to make them interact better with layer-1.

[Stompix]

As I checked, the Ethereum Foundation is no longer focused on sharding. They have abandoned this solution in favor of focusing on layer-2 for the time being, as this solution is easier to implement and is effective enough to meet user needs with a speed of 100k tps.

But they still call it sharding!
They just found out one better hyper ultra mage cool name for it, it's now called: Proto-Danksharding!

The problem is that they still need the main net, just as Bitcoin, so the results are:
ETH: Avg. Transaction Fee   0.0019 ETH ($6.32)
Avg. Transaction Fee   0.00011 BTC ($7.12)

This counting the fact that Bitcoin has by default a lower TPS, it's flooded with consolidations and ordinals and it's still there in terms of cost for a tx. So, as my previous message, a lot of hype for not so much tangible results!

[legend45]

Upgrade after upgrade and buzzwords after buzzwords and Ethereum is barely making twice as much tx a day as Bitcoin while being twice as expensive on average, to me it looks more like the fees are going down because high-volume tokens have migrated from eth to things like tron, (usdt) and not because of these "fixes" that didn't fix anything major!

Exactly, Vitalik Buterin will never solve this problem because currently the transaction fee problem on Ethereum is no longer possible to fix because it requires large costs and takes quite a long time. Meanwhile, Ethereum is a digital currency that has a high daily trading volume. It's quite high so it's impossible to stop its circulation just to fix high transaction costs and it's also not guaranteed to be successful.

I see that the Ethereum team has tried to solve the problem of high gas fees, although until now it has not been resolved. I also read several opinions like yours, such as the ethereum high gas fee problem will never be resolved. but ethereum will remain the priority of big investors after bitcoin became the first. Because we know ethereum has a very large community.

The ethereum team should immediately solve the problem of high gas fees, because the competition for using the network is very large, rather than later ethereum will be abandoned by its fans. Even though the community is very large, small investors are very concerned about the high cost of gas.

[pacar_tiri]

Upgrade after upgrade and buzzwords after buzzwords and Ethereum is barely making twice as much tx a day as Bitcoin while being twice as expensive on average, to me it looks more like the fees are going down because high-volume tokens have migrated from eth to things like tron, (usdt) and not because of these "fixes" that didn't fix anything major!

Exactly, Vitalik Buterin will never solve this problem because currently the transaction fee problem on Ethereum is no longer possible to fix because it requires large costs and takes quite a long time. Meanwhile, Ethereum is a digital currency that has a high daily trading volume. It's quite high so it's impossible to stop its circulation just to fix high transaction costs and it's also not guaranteed to be successful.

I see that the Ethereum team has tried to solve the problem of high gas fees, although until now it has not been resolved. I also read several opinions like yours, such as the ethereum high gas fee problem will never be resolved. but ethereum will remain the priority of big investors after bitcoin became the first. Because we know ethereum has a very large community.

The ethereum team should immediately solve the problem of high gas fees, because the competition for using the network is very large, rather than later ethereum will be abandoned by its fans. Even though the community is very large, small investors are very concerned about the high cost of gas.

I feel that the Ethereum developers will not solve this problem because the very high gas fees will only be fixed when they replace all the systems that have been installed and that requires a lot of money and also takes a very long processing time. This is Ethereum which has shortcomings with high gas fees, if you still want to provide support to Ethereum then you have to accept this, if you don't want to accept it then you can move to another network.

[Jun]

Every problems because theirs sulotion,but first let us consider, a higher price indicates faster processing , the speeds. And urgency  of transaction   determined the costs ,    but I believe this problems can be solved later s

[Legion]

Every problems because theirs sulotion,but first let us consider, a higher price indicates faster processing , the speeds. And urgency  of transaction   determined the costs ,    but I believe this problems can be solved later s

Regarding the problem of gas fees for carrying out transactions on the Ethereum network, I don't think this can ever be fixed, the Ethereum developer has said that this will be difficult to do and requires very large costs, so it will just be a waste of time, Developer If we've talked about it like that, we just need to wait for the time when Ethereum has cheap gas fees for making transactions.

[DAMKAR]

Every problems because theirs sulotion,but first let us consider, a higher price indicates faster processing , the speeds. And urgency  of transaction   determined the costs ,    but I believe this problems can be solved later s

Regarding the problem of gas fees for carrying out transactions on the Ethereum network, I don't think this can ever be fixed, the Ethereum developer has said that this will be difficult to do and requires very large costs, so it will just be a waste of time, Developer If we've talked about it like that, we just need to wait for the time when Ethereum has cheap gas fees for making transactions.

ethereum gas fees are high, but it still has this large community which makes ethereum devs less concerned about improving the project so that it can overcome high gas fees. ethereum remains the second priority coin after bitcoin, but will eventually be replaced by cheaper platforms

[de_prof]

Every problems because theirs sulotion,but first let us consider, a higher price indicates faster processing , the speeds. And urgency  of transaction   determined the costs ,    but I believe this problems can be solved later s

Regarding the problem of gas fees for carrying out transactions on the Ethereum network, I don't think this can ever be fixed, the Ethereum developer has said that this will be difficult to do and requires very large costs, so it will just be a waste of time, Developer If we've talked about it like that, we just need to wait for the time when Ethereum has cheap gas fees for making transactions.

ethereum gas fees are high, but it still has this large community which makes ethereum devs less concerned about improving the project so that it can overcome high gas fees. ethereum remains the second priority coin after bitcoin, but will eventually be replaced by cheaper platforms

Actually ethereum dev has tried to solve this problem, but hasn't been able to. We've heard about ethereum 2.0 which was predicted to solve the high gas fee problem, but it turns out it can't. And what I've heard is that solving the high gas fee problem on ethereum requires a lot of funds, so ethereum devs don't really think about it and seem to be ignoring this problem. Even though we know that Binance Smart Chain and Solana offer cheaper and faster platforms, in my opinion it is likely that Ethereum will be replaced in the future.

[EthereumDev_]

ethereum gas fees are high, but it still has this large community which makes ethereum devs less concerned about improving the project so that it can overcome high gas fees. ethereum remains the second priority coin after bitcoin, but will eventually be replaced by cheaper platforms

If Ethereum still hasn't solved this problem then we can use other alternative networks that have transaction fees that are quite cheaper than Ethereum. We don't need to force Ethereum developers to fix this problem because there are many other networks that provide options for making transactions that are cheaper and faster. fast.

[legend45]

ethereum gas fees are high, but it still has this large community which makes ethereum devs less concerned about improving the project so that it can overcome high gas fees. ethereum remains the second priority coin after bitcoin, but will eventually be replaced by cheaper platforms

If Ethereum still hasn't solved this problem then we can use other alternative networks that have transaction fees that are quite cheaper than Ethereum. We don't need to force Ethereum developers to fix this problem because there are many other networks that provide options for making transactions that are cheaper and faster. fast.

you are right that there are still many networks that offer low gas fees and faster transaction speeds than ethereum, we should switch there rather than always waiting for the ethereum team to fix and find a solution for high gas fees, because this has been happening for a long time but they don't have a solution

[pacar_tiri]

you are right that there are still many networks that offer low gas fees and faster transaction speeds than ethereum, we should switch there rather than always waiting for the ethereum team to fix and find a solution for high gas fees, because this has been happening for a long time but they don't have a solution

Currently BNB and Solana might be an alternative for making transactions in cryptocurrency, currently market conditions are also not good, many coin prices have collapsed so there is a possibility that transactions are creeping up and using the BNB or Solana network to make transactions seems more profitable because it doesn't require a lot of money and time.

[salad daging]

you are right that there are still many networks that offer low gas fees and faster transaction speeds than ethereum, we should switch there rather than always waiting for the ethereum team to fix and find a solution for high gas fees, because this has been happening for a long time but they don't have a solution

Currently BNB and Solana might be an alternative for making transactions in cryptocurrency, currently market conditions are also not good, many coin prices have collapsed so there is a possibility that transactions are creeping up and using the BNB or Solana network to make transactions seems more profitable because it doesn't require a lot of money and time.

I know there are so many coins that offer cheaper transactions including the ones you mentioned (Solana and BNB) do you know that the Ethereum network remains expensive still many people interact on this network because of the vast ecosystem and so many Dapps so people may prefer on the Ethereum network than on other coin networks.

Where the Ethereum network has a lot of potential where you will get big rewards with new projects.
Like Eigen Layern with points earned for restaking your ETH.
Don't ETH is strong even though it is expensive people don't have a problem with this, it is worth Ethena where people add liquidity with high fees but greater returns.

[legend45]

you are right that there are still many networks that offer low gas fees and faster transaction speeds than ethereum, we should switch there rather than always waiting for the ethereum team to fix and find a solution for high gas fees, because this has been happening for a long time but they don't have a solution

Currently BNB and Solana might be an alternative for making transactions in cryptocurrency, currently market conditions are also not good, many coin prices have collapsed so there is a possibility that transactions are creeping up and using the BNB or Solana network to make transactions seems more profitable because it doesn't require a lot of money and time.

If we compare it with Ethereum, Solana and BNB are alternative smart contracts that we can use because we know that Ethereum's gas fees are very high. Market conditions are currently undergoing a correction. I agree with you Solana and BNB transaction fees are cheaper than Ethereum