High transaction fees will be the downfall of Ethereum ?

[pacar_tiri]

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.

Yes, I think binance smart chain will be good alternate platform beside ERC20. Because I see ERC20 gas fee is so high, I hope the team  will have good solution for Ethereum, because BSC will replace ERC20 soon

[Batch18-19]

Yes sir you made a right point. Currently the Ethereum platform is set to lose their popularity. In the past most campaigns used the Etherium platform but now The Ethereum platform is being replaced by the Binance Smart Chain platform. It seems to me that Ethereum is losing its popularity due to over-transactions.

[Freemind]

Personally, I don't think Ethereum is going to be forgotten and both users and projects abandon it overnight. If it is true that it is losing a lot of popularity in favor of BSC and Tron, but Ethereum will not disappear, when the current problems are solved and ETH 2.0 is finally released I am sure that Ethereum will be born again. But the truth is that now it is giving us a lot of problems, and if people find alternatives, which exist, they may not use Ethereum again, who knows.

[Dark Knight]

 The biggest problem with the Etherium platform is the extra transaction fees.These transaction fees have now increased the most.Earlier the transaction fee was not so high. But over the last 2-1 months these transaction fees have risen sharply.Everyone is suffering from the problem.I can't pay the token sale for the transaction fee even though I have the token in my wallet.Selling a token if the income is 50$  It turns out he has to pay a 25$ transaction fee. It costs more than we earn.

[Fawpac2]

Yes, Ethereum will lag far behind due to high transaction fees.  Can't Go Back Allready backed up.  People are now moving from the Etherium platform to the Binance smart chain platform.  All current projects are now moving towards the Binance Smart Chain platform.  However, if the Ethereum source transaction fee is not withdrawn, the Ethereum platform will lag far behind.

[Monster5]

Yes sir Most gas free on etherium platforms It takes.Due to which all investors and users Can't deposit any token as they like.It is seen that additional gas free is required to make the deposit.If it feels like gas free then of course in a few days Etherium platforms will lose their popularity.

[Freemind]

@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.

[piqulhdt28]

This is the reason why many bounties are now using the TRX and BSC platforms, because if using the ERC20 platform it will cost a lot of money when distributing tokens to bounty hunters, a very large fee will give many losses to the bounty project. I think TRX and BSC are new options for a project if don't want to incur large costs

[bitbit97]

@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.

Lets imagine Ethereum team solves high transaction fees issue. Do you think that people will migrate back to Ethereum or will keep using BSC further? There is also a chance, that with time, something similar to swaps with high fees appear on BSC; and would say a huge chance. I think that BSC will repeat the destiny of ETH with both, positive and negative cases.

[Freemind]

@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.

Lets imagine Ethereum team solves high transaction fees issue. Do you think that people will migrate back to Ethereum or will keep using BSC further? There is also a chance, that with time, something similar to swaps with high fees appear on BSC; and would say a huge chance. I think that BSC will repeat the destiny of ETH with both, positive and negative cases.

I don't know if people would use the Ethereum chain again, what if most of the projects migrate to BSC, for example, and it works flawlessly?. Why would they use Ethereum again?. Also, I don't think what is happening to Ethereum will happen to BSC in the future, Binance developers know very well that they cannot make the same mistakes as their biggest competitor. I think Ethereum will be used less and less after the current problem, but I can logically be wrong.

[Chiblex]

From what we see, indeed it could happen, ethereum will lose trust and peoples will migrate to another network... after that maybe ethereum will be able to fix their problem, but it will already be abandoned by many people... currently many people still use ethereum because many of the tokens they have are based on the ethereum network, and peoples may be forced to pay large fees to transact ...

[Freemind]

@Chiblex I've also thought that on occasion, but it's never entirely clear to me. I think if users and teams find better options like BSC, for example, why would they go back to Ethereum?. Maybe they will continue to use Ethereum until they have sold all the tokens they have on that chain and then stop using it, it may sound sad, but it could very well happen since people are so tired.

[AGM]

I agree with you that ether gas fee behind the downfall of ether but there is no headache for the ether authority about it. However, it is certain that ether will not be able to survive in market in near future. At present most of the transactions are being done Binance Smart Chain

[Criminal]

I think the Ethereum community is working indifferently at the moment. Even though Ethereum's popularity has dropped so much, they are not taking any action on this issue. Ethereum's popularity has declined, however One of the reasons for its declining popularity is the extra transaction fee.However, if they do not pay attention to this issue, then maybe their popularity will lose more.

[Mas Bro]

Yes, you are right, if the Ethereum #DevelopmentTeam  doesn't immediately address the problem of high gas fees, I believe Ethereum's popularity will plummet even further. Especially now that many smart blockchain platforms are starting to emerge and many new projects are using it. Due to low gas fees.