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Author Topic: Solution for ETH high fees  (Read 19958 times)

Offline whyrqa

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Re: Solution for ETH high fees
« Reply #105 on: April 22, 2021, 05:16:49 PM »
I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum  owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.

Yes, I see many projects have migrated to other block chain because Ethereum gas fee is so high. I believe Ethereum team has plan to solve this problem. Maybe Ethereum 2.0 will be the best solution
This problem will be solved Not only with the help of the Ethereum 2.0 update, but also over time, the popularity of DeFi will decrease and the load on the Ethereum network will also decrease, which will definitely affect the cost of transactions. but nevertheless, one must take into account the fact that the popularity of the platform not only increases the cost of Ethereum, but also accordingly increases the cost of transactions due to the complex bandwidth.

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Re: Solution for ETH high fees
« Reply #105 on: April 22, 2021, 05:16:49 PM »

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Offline Sasa

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Re: Solution for ETH high fees
« Reply #106 on: April 22, 2021, 06:39:48 PM »
Right now many tokens migrating binance smart chain which is good move for them, the fee is very very low. The eth gas fee is still having a problem, I don't know what will be the future of ethereum if this gas problem is not resolve.
I think Ethereum's transaction will solve the additional problem very soon.Because Ethereum's transaction fees are so high, many Ethereum platforms are Leaving.If this problem is not solved then Ethereum will lose its popularity So I think it will solve the problem of Ethereum 'platform quickly
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Re: Solution for ETH high fees
« Reply #107 on: April 22, 2021, 11:21:21 PM »
If you haven't already, it's better to postpone transacting with the ethereum network... many projects have changed their network instead of using the ethereum network which has very high fees... I myself prefer to postpone the transaction because I see the fees I have to spend now are more than $50/transaction. ..

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Re: Solution for ETH high fees
« Reply #108 on: April 22, 2021, 11:33:38 PM »
-snip-

Currently the project developer has made a good choice to avoid high gas costs, the developer will choose the cross-chain feature if they want to avoid high gas costs, with tokens on some Tron, ETH, Bsc or other blockchains such as the one on USDT, then we will see this token on the network. Tron with lower transaction fees than Ethereum

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Re: Solution for ETH high fees
« Reply #109 on: April 24, 2021, 08:07:22 AM »
It is difficult for Ethereum to lower its transaction gas because Ethereum shipping costs depend on the Ethereum price itself.
Ethereum is cheap it will be cheap to send the tokens and if Ethereum it will be expensive to send the coins too.
This system may have been pre-set because to minimize losses to Ethereum miners.
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Re: Solution for ETH high fees
« Reply #110 on: April 24, 2021, 05:19:42 PM »
It is difficult for Ethereum to lower its transaction gas because Ethereum shipping costs depend on the Ethereum price itself.
Ethereum is cheap it will be cheap to send the tokens and if Ethereum it will be expensive to send the coins too.
This system may have been pre-set because to minimize losses to Ethereum miners.
you will have to use erc20 only for those projects that bring sufficiently large incomes to their owners. Based on this, I will not invest my funds in projects that cost much less than the cost of a transaction.

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Re: Solution for ETH high fees
« Reply #111 on: April 25, 2021, 06:03:03 AM »
Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Maybe for now the Binance Smart Chain is better and superior to Tron and Elrond because it has the bep20 token which is much loved by cryptocurrency investors and traders.
I am also sure that this bep20 will be the best community in the future because it has the full support of Binance.om which Changpeng Zhao always keeps on hugging.
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Re: Solution for ETH high fees
« Reply #111 on: April 25, 2021, 06:03:03 AM »


Offline whyrqa

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Re: Solution for ETH high fees
« Reply #112 on: April 25, 2021, 05:05:48 PM »
Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Maybe for now the Binance Smart Chain is better and superior to Tron and Elrond because it has the bep20 token which is much loved by cryptocurrency investors and traders.
I am also sure that this bep20 will be the best community in the future because it has the full support of Binance.om which Changpeng Zhao always keeps on hugging.
Today, many projects use bep 20 primarily because developers want to save money on development and attract as much attention as possible due to low commissions. but in the future, If a really promising project is aimed at lifelong existence with great demand in society, then it should use only the safest and highest quality platform, which is a full-fledged decentralized platform and this is by no means a Smart chain, but an erc-20.  ;)

Offline Ricky

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Re: Solution for ETH high fees
« Reply #113 on: April 26, 2021, 05:40:14 PM »
Ethereum's gas fees have started to lower. Hopefully more will lower. Everyone started using the Binance network to increase Ethereum's gas fees. Now if Ethereum's gas fees go down, people will start using Ethereum again.
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Re: Solution for ETH high fees
« Reply #114 on: April 27, 2021, 12:42:04 AM »
Many people thought that the launch of Ethereum version 2.0 would solve the problem of gas, but it did not happen, but gas free has increased.  However, the hope is that due to the high gas fees in Ethereum, most of the Project Trust Wallet Binance smart sets are being used more.

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Re: Solution for ETH high fees
« Reply #115 on: April 27, 2021, 06:31:58 AM »
Many people thought that the launch of Ethereum version 2.0 would solve the problem of gas, but it did not happen, but gas free has increased.  However, the hope is that due to the high gas fees in Ethereum, most of the Project Trust Wallet Binance smart sets are being used more.
Indeed everyone hopes that there will be improvements with the emergence of ethereum 2.0, but it may not be as easy as turning your palms and being done. Obviously there is a fairly long process that must be done in order to fulfill what is desired and according to new information it will happen in July, if there are no other obstacles than the existing estimates.

but with many new projects looking for alternatives to the high cost burden of the ethereum platform, it is highly appreciated. because with that there will be good competition to find alternatives for improvement in the future, as long as it is for improvement we must continue to support it.
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Offline ExtraPoint

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Re: Solution for ETH high fees
« Reply #116 on: April 27, 2021, 07:48:25 AM »
For several days we were all suffering from the problem of extra etherium gas fees.The amount of etherium gas fees increased so much that everyone started feeling unbearable because of it.We all know that Etherium is a popular platform.But the increase in the amount of its gas fee caused frustration among all the users.But now the amount of etherium gas fee has come down to almost the previous position.I think the Ethereum platform will relocate to its previous position.

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Re: Solution for ETH high fees
« Reply #117 on: April 28, 2021, 03:23:42 PM »
Ethereum gas free has been reduced a lot compared to the past.Already the Ethereum platform takes much less gas free However, a few days ago, a lot of gas-free etherium platforms I think the gas free of the etherium platform will be further reduced later.

Offline mrjoy15

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Re: Solution for ETH high fees
« Reply #118 on: April 28, 2021, 04:28:11 PM »
Ethereum gas free has been reduced a lot compared to the past.Already the Ethereum platform takes much less gas free However, a few days ago, a lot of gas-free etherium platforms I think the gas free of the etherium platform will be further reduced later.
Exactly, ETH network could be recognized take high fees any more. Situation have changed, I made few transaction under 50 gwei recently, what I can say a smooth transaction. I wish this will continue, and upcoming days fees will go more lower.

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Re: Solution for ETH high fees
« Reply #119 on: April 28, 2021, 07:08:06 PM »
I think Ethereum's transaction free is a bit less than before.I sent a token about 15 days ago for deposit and two days ago I got confirmation that the deposit has been made. The good thing is that for only four dollars I have to deposit all my tokens I can. I think the Ethereum platform transaction problem will be solved very soon
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