High transaction fees will be the downfall of Ethereum ?

[IyemRoker]

Ethereum's collapse started with a high fee for each transaction.
Lots of investors expressed their grief on Twitter social media and said "they don't want to pay millions of dollars just for the transaction fee from erc20".
I am also disappointed with what they have done with Ethereum so the transaction fee is expensive but yes crypotcurrency is like this and it's actually like this.

[Tnoy30]

Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.

[Carbitcoin]

Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.

The fact is that very often it all depends on the time of day. At night, the load on the network is much lower and gas charges even fell below 83 gui. In any case, this problem will be resolved in the near future and high commissions will cease to worry us.

[AlviNess]

Ethereum killer app have not yet materialized, but the erc20 token economy is a good thing going for ethereum
thousands of airdrops and bounty distributions every minute ...
But as the transaction fee reaches and surpasses the 1$ per transaction,
projects will reconsider airdrops and maybe some bounties ...
on average an airdrop can reach 2000-10000, is it worth it for any project to spend 10000$ for simply spreading their tokens ?
ICO/IEOs might still do airdrops but i doubt we will see much community tokens in the future ....
Or .... another token platform with better fees will take the leading role from ethereum ...

Of course sir you are a right one. The popularity of the current Ethereum platform has declined a lot. People now avoid Ethereum platforms because of the extra transactions on other platforms Accepting. In my opinion, if Ethereum's transaction fees are not normal, then Ethereum platform may lose their popularity.

[Astra]

Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.

The fact is that very often it all depends on the time of day. At night, the load on the network is much lower and gas charges even fell below 83 gui. In any case, this problem will be resolved in the near future and high commissions will cease to worry us.

I somehow did not pay attention to the fact that the transaction fees on the ethereum network depend on the time of day. Although this is logical. At night, there are fewer users and the load on the network should decrease.
These difficulties exist, but they are temporary. The ethereum update is ongoing and hopefully these issues will go away from July.

[wxxyrqa]

It will be very interesting to see how the price of ethereum and, accordingly, the commissions within the network will be formed, when we see not only a full-fledged upgrade of Ethereum 2.0, with the transition to POS, but also the burning of a significant amount of commissions, which will make Ethereum a deflationary asset. Based on this, the demand for Ethereum will rise, the price of Ethereum will rise, and it should be borne in mind that along with a decrease in the transaction price, the value of gwei may increase.

[Freemind]

Right now that drop isn't reflected too much in Ethereum's price. But if in the number of users and projects that are "abandoning" it to seek better conditions in the Binance Smart Chain or in the Tron chain. If the solution does not really arrive until July as some developers say, the drop will be tremendous in all respects.

[robert20]

Ethereum will survive even though the scaling problem is not really solved by additional 3rd party protocols. But the application of Shardings in ETH 2.0 solves this problem more completely. I expect transaction speed to increase from 15 tps to 1000-10000 tps to meet the needs of the users on this flagship platform.
EOS, TRON, WAVES, Cardano, Credits ... all still have opportunities, competition is necessary for the technology to develop and bring more benefits to the crypto community.

Yes i also think so. Ethereum is a really good blockchain. And with update 2.0 it will be able to survive the difficulties it is facing now. The competitors are taking advantage of this. I am eagerly waiting for the ETH 2.0 and hope to see a decrease in transaction fee.

[Bit]

In fact, the transaction fee is getting bigger and bigger. We can see how much the gas fee right now, it is always more than $8 per transaction even at the low speed. Well, I don't know whether Ethereum will solve this case or not. But the fee has really made many people hate ERC20 tokens

[Freemind]

@Bit this situation has not only caused what you say. Many users are also abandoning Ethereum in favor of BSC or Tron, much cheaper and faster. I find it incredible that after all the years of Ethereum development no one was able to see the problem and look for a solution before it happened. If it really is resolved in July, a lot of people will go back to using Ethereum, but if it is not fixed...

[Sumaiya2]

Yes sir you have given us the correct information.  Because at present the gas fee is increasing in such a way that the token cannot be transferred. The token costs three times more than what we will sell, due to which we cannot sell the token.  In all cases the etherium gas fee is three times the cost.

[I-Bit]

If it is serious and will happen, maybe it is after the launch of Ethereum 2.0. In facts of ar until now, the fee gas is getting higher and higher again. We can not see how the ERC20 tokens will be valuable enough if the gas fee is getting higher again. I personally feel really bad about this problem

[H2O]

It's May be a good point about Ethereum price remaining constant, now a days most of the projects are launching on BEP-20 and trading appears on pancakeswap. Because pancakeswap basics trading system on Binance smart chain plafrorm.

[Freemind]

What I've been wondering for a few days is what will happen when Ethereum goes PoS. The miners will stop receiving their income, and unfortunately that makes me think that this situation is going to last too long. I find it hard to believe that we are still like when this problem started, with no solution.

[Spaffin]

What I've been wondering for a few days is what will happen when Ethereum goes PoS. The miners will stop receiving their income, and unfortunately that makes me think that this situation is going to last too long. I find it hard to believe that we are still like when this problem started, with no solution.

The fact is that the situation with the transition to the POS consensus algorithm will only change for the better. The fact is that not only miners will stop receiving income and, accordingly, increase the cost of transactions, but also burning the ethereum that paid for the transactions will only increase the value of ethereum in the cryptocurrency market.