Transaction fees: the biggest problem for crypto community in future?

[wilkine]

Very true, it's gonna be the biggest problem

[dekafee79]

Do you think transaction fees will be one of the biggest problems for the crypto community in the future? Is 100k tps enough for  market demand?

Of course, transaction fees will be one of the biggest problems for.the crypto community in the future, I hope the project team will solve this problem, because will have bad effect for crypto world.

I think team projects always improve their projects but don't think about how to reduce high fee, because till now, Ethereum 2.0 has launched, but didn't solve the gas fee
It seems nothing progress for gas fee.

[owlest]

Some blockchain transaction projects have a very good price, but if we talk about transactions on the Ether network, they are very highly inflated. Of course, the Ether needs to do something about this problem, maybe everything will settle after the platform update.

This problem has been observed for a long time and so far none of the updates have helped to cope with it. To be honest, as an ordinary person it is not entirely clear to me why nothing could be done with high commissions.

[masterrex]

I agree, as the cryptocurrency price surge, the transaction fees also surge. that's why it becomes unsustainable Just look at Ethereum, now it's unsustainable transaction fees, abusive and corrupt if that scenario will continue to happen and stay longer I'm sure Ethereum will lose most of its users. and only whales will remain, Ethereum become a useless Network nowadays. which was paving the way for Layer2 solutions.

[Oksana Ksyusha]

Really Ethereum commissions are very high. It is a very expensive network today. Swap is very very expensive and gas price is too high. Many users try to use for example Binance smart Chain, because it is much cheaper.

[gurunanakji777]

Yes, agreed most of the time Ethereum Gas fees remain on the higher side, and If someone wants to some small transaction that is not worth to do If you have to pay 8-10$ on one transaction and for Asian people, 8-10$ is like a one-day employment rate. On other blockchains, the value of the native coin of their blockchain is quite cheaper than Ethereum so they are charging nominal transaction charges if the value of their coin increase they will also charge high fees. This is a major concern and the dev should focus on reducing the fee so that we can also say to the world do transactions in cryptos with nominal charges but if we current scenario of gas fees that is something a subject of concern.

[Freemind]

Not only in the future, high transaction fees have been a problem for the community for far too long. If this situation continues the same for the next few months, Ethereum could suffer a loss of users, and it would seem normal to me. It is not normal or logical that users have to pay between $30 and $80 (Uniswap is much more expensive even) to move their tokens when there are much cheaper and faster networks.

[trofim21]

Ethereum is trying to solve this problem, and I think that within two years it will solve it, but today there are already many other projects where fees are almost zero, and in some even zero.

[UNIVERSE]

Exactly. Sometimes we need to soend more than $5o to only send tokens as balance $70. So it means thta the fee very big and we cannot avoid because there is no way especially for network ethereum.
I personally better to wait for lower fees or use another network as possible or if available

[Seerge]

There are many options that we can do to send a Cryptocurrency token, indeed some have very expensive fees but some also need low fees.  There will be strong competition between one Blockchain and another, this will definitely give us an advantage.

[Shahinaz]

yes transaction fees will be a problem for everyone who has small funds, especially those who achieve liquidity
at the time of delivery so that you hold ,  more until you get a profit that is commensurate with the transaction costs
but the fact is that the transaction fees until this moment still can't be solved, it's still the same   

[Zezari]

This will really be a problem for everyone, even to take bounty campaigns after they are completed, they need to distribute tokens, but the commission is large and they shift the entire fee to you. Of course, you can choose another platform that does not have such a large commission.

[Renampun]

Of course, as the price of the asset increases, the transaction fee charged will also increase in value, like ethereum for example. but I predict ethereum developers are already prepared for it and will definitely solve the gas fee issue in the future to continue to retain customers.

[owlest]

Of course, as the price of the asset increases, the transaction fee charged will also increase in value, like ethereum for example. but I predict ethereum developers are already prepared for it and will definitely solve the gas fee issue in the future to continue to retain customers.

They simply have to solve this problem. Indeed, for the community, it threatens to develop into something more, for example, a large-scale transition to alternative blockchains. And they already exist and are attracted by the low cost of transactions.

[LaZim]

Unfortunately, it is. People are starting to use the blockchain where transactions are cheap. As long as the coin is cheap, then the transactions are cheap. But as more and more people start using it, so does the transaction price.