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Author Topic: Transaction fee of etherium  (Read 13045 times)

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Re: Transaction fee of etherium
« Reply #120 on: June 29, 2022, 02:54:05 AM »
DeFi makes transactions on the Ethereum network high cost because users increase gas fees to be able to make transactions quickly, this has been thought by other project developers, that's why we look at Waves and Neo.
But BSC, Matic and Solana changed everything, transactions were fast but had many problems like security and congestion. All of that will be a choice and people can choose according to the function they need
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Re: Transaction fee of etherium
« Reply #120 on: June 29, 2022, 02:54:05 AM »

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Re: Transaction fee of etherium
« Reply #121 on: June 29, 2022, 03:32:50 PM »
Yes that's right Ethereum fees are high. Around 45$ this is why small investors do not want to invest in Ethereum. Due to which the market of Ethereum will also decrease. Can request Ethereum platform in future. This will have to be decided by the moderator. It is expected that the Ethereum gas fee will be reduced.

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Re: Transaction fee of etherium
« Reply #122 on: June 29, 2022, 04:00:00 PM »
When the price of the Ether project has fallen, then the transaction price falls, so it should not be. Why the developers of the Ether project do not make a more stable transaction in their network.
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Re: Transaction fee of etherium
« Reply #123 on: July 16, 2022, 01:21:00 PM »
When the price of the Ether project has fallen, then the transaction price falls, so it should not be. Why the developers of the Ether project do not make a more stable transaction in their network.

That was supposed to happen at the (full) launch of ETH 2.0. Going from PoW to PoS technology, transaction fees would be cheaper by changing the architecture. But it hasn't been fully launched yet, so the Ethereum network (the miners) continue to charge based on network usage. Some sources claim that the full release will be this year, but after so many delays, I think the smart thing to do is wait for the release to be next year, although I hope I'm wrong and that this year the launch is a reality.
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Re: Transaction fee of etherium
« Reply #124 on: August 15, 2022, 07:15:19 PM »
Yes that's right Ethereum fees are high. Around 45$ this is why small investors do not want to invest in Ethereum. Due to which the market of Ethereum will also decrease. Can request Ethereum platform in future. This will have to be decided by the moderator. It is expected that the Ethereum gas fee will be reduced.

but if you look at it now, the fees of on ethereum seems to be lower than it was a while ago, although not optimal. but there has been a new project that has started moving on the ethereum network because it is not as usual, but indeed we are waiting for the refinement of eth2.0 so that it can be released as soon as possible.
so that trust in ethereum will return again with the new system even though we only hear claims from them and have not been proven.

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Re: Transaction fee of etherium
« Reply #125 on: August 16, 2022, 09:12:12 AM »
If I think it's true that high gas prices can cause etherum to be left behind by investors, this is a big problem that is happening on the etherum network for now.
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Re: Transaction fee of etherium
« Reply #126 on: August 19, 2022, 03:08:31 AM »
The etherium transaction gas fee has been increased so much that many dollars are being deducted to transfer any token.  If this is the case with the Etherium platform, then the Etherium platform will fall far behind.  From here, all investors will move to another platform. As soon as possible, its transaction gas fee should be reduced.  What do you think about this?
Very soon the fee problem will be solved because Ethereum now converting their system form POW to POS. The point is for a more efficient network at lower costs. The network will be able to handle more transactions with less energy. It will lower gas fees and be better for the environment but either way you can still mine eth if you want. There’s a hard fork being developed to continue mining eth(ethw)
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Re: Transaction fee of etherium
« Reply #126 on: August 19, 2022, 03:08:31 AM »


Offline mahadev

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Re: Transaction fee of etherium
« Reply #127 on: August 19, 2022, 08:57:20 AM »
If I think it's true that high gas prices can cause etherum to be left behind by investors, this is a big problem that is happening on the etherum network for now.

Ethereum is still the King of smart contract paltform mate, although many people said about gas fee problem.
I think investor still believe in ERC20, don't leave this platform to alternate platform.
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Re: Transaction fee of etherium
« Reply #128 on: August 19, 2022, 01:14:35 PM »
With the decrease in the price of cryptocurrencies on the market, transactions on the Ether network have become minimal. Now we need to wait for the increase and see what the transaction price will be.
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Re: Transaction fee of etherium
« Reply #129 on: August 25, 2022, 03:49:15 PM »
With the decrease in the price of cryptocurrencies on the market, transactions on the Ether network have become minimal. Now we need to wait for the increase and see what the transaction price will be.

The less activities in DeFi is truly responsible for drop in transaction cost of Ethereum chain. I believe that before the next bull market session, Ethereum upgrade will be completely released and the network experience will become very better.
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Re: Transaction fee of etherium
« Reply #130 on: August 27, 2022, 01:44:33 PM »
The etherium transaction gas fee has been increased so much that many dollars are being deducted to transfer any token.  If this is the case with the Etherium platform, then the Etherium platform will fall far behind.  From here, all investors will move to another platform. As soon as possible, its transaction gas fee should be reduced.  What do you think about this?
Very soon the fee problem will be solved because Ethereum now converting their system form POW to POS. The point is for a more efficient network at lower costs. The network will be able to handle more transactions with less energy. It will lower gas fees and be better for the environment but either way you can still mine eth if you want. There’s a hard fork being developed to continue mining eth(ethw)
Like the Bitcoin (BTC) network, ETH gas fees compensate the network’s mining participants in order to reward them for verifying transfers. Despite numerous delays, we’d just have to wait a little for ETH’s multi-phase Ethereum 2.0 upgrade designed to improve scalability, security, and efficiency. Ethereum 2.0 will be changing from a proof-of-work consensus to a proof-of-stake model. Not only will this significantly improve transaction throughput (Ethereum 1.0 can process around 30 transactions per second, while 2.0 promises to complete 100,000 per second), but it will also significantly reduce gas fees by decreasing the amount of computing power needed for each transaction.

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Re: Transaction fee of etherium
« Reply #131 on: August 27, 2022, 02:05:40 PM »
If, as they say, when the price of the Ether platform increases, when the network update takes place, it will be unchanged, it will be cool. Most investors understand when the transaction price on the network was reckless and high.
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Re: Transaction fee of etherium
« Reply #132 on: August 27, 2022, 09:40:40 PM »
Ya every one need ethereum fees down but nothing will change for fees for 1 year I think so we should wait for 1 year may be if fees got low it will be good for every one still waiting we have to wait for it.
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Offline Mahindra

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Re: Transaction fee of etherium
« Reply #133 on: August 28, 2022, 04:10:05 PM »
We noticed that when the market was at its peak, Ethereum's transaction fees were almost as high. The reason why everyone was worried about this was that no one wanted to invest in the platform due to the high transaction fees. But currently I have seen that the market price of Ethylium has decreased a lot. And transferring all tokens on the Key Ethereum platform requires the lowest transaction fees ever. Ethereum's transaction fees have been greatly reduced so that everyone feels comfortable to transact.
Mahindra

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Re: Transaction fee of etherium
« Reply #134 on: August 29, 2022, 07:39:43 PM »
Ethereum platform is a popular platform with maximum transactions from this platform.And many coins are invested from this platform and the future of these coins is good. Due to which Ethereum transaction fees are currently reduced compared to before. Due to the low transaction fees of Ethereum, many advantages are available in all transactions.

 

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