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Author Topic: Solution for ETH high fees  (Read 19604 times)

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Re: Solution for ETH high fees
« Reply #45 on: December 26, 2020, 01:05:36 AM »
If ethereum does not change gas fees I will leave it and invest in new platforms and promise to grow for the future.
There is no solution to transaction fees because Ethereum cannot describe it to Ethereum miners.
And in my opinion, your statement is also worth choosing because it is the pure choice of investors.

Maybe Binance or BEP20 is the best choice for you and it's worth trying someday.

I agree mate, I think no solution for Ethereum high fees. It depends on what improve of Ethereum team. If Ethereum 2.0 launched will solve this problem, I think We will see a good thing for Ethereum gas. Hopefully It will be.

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Re: Solution for ETH high fees
« Reply #45 on: December 26, 2020, 01:05:36 AM »

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Re: Solution for ETH high fees
« Reply #46 on: December 26, 2020, 03:13:43 AM »
I hear about Ethereum layer 2: WRAP-Ethereum or Tokens ( ERC20). We can use this cross-chain to reduce transactions fee.
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Re: Solution for ETH high fees
« Reply #47 on: December 26, 2020, 03:42:13 AM »
I hear about Ethereum layer 2: WRAP-Ethereum or Tokens ( ERC20). We can use this cross-chain to reduce transactions fee.
Pardon but can you tell me when did WETH became a layer 2 solution? As far as I'm aware, it is only a converted ether to be compatible with ERC standards. It is mainly used in decentralized applications (dApps) but it oesn't really take off congestions on the ethereum blockchain.

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Re: Solution for ETH high fees
« Reply #48 on: December 27, 2020, 09:20:16 AM »
I agree with your opinion. As Ethereum transactions increase and strengthen, the problem of high gas prices should be resolved. If not, more people will wait until their payments are deemed more efficient

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Re: Solution for ETH high fees
« Reply #49 on: December 27, 2020, 09:42:51 AM »
I agree with your opinion. As Ethereum transactions increase and strengthen, the problem of high gas prices should be resolved. If not, more people will wait until their payments are deemed more efficient
Yes as of now using eth network is not advisable the fees is really high compared for example to tron which is a very big difference in fees the only advantage of eth is its popularity and huge userbase using the EVM and smart contracts which is the pioneer of SC just like btc even in high fees many want to buy btc.
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Re: Solution for ETH high fees
« Reply #50 on: December 28, 2020, 12:23:21 AM »
Due to huge amounts of Ethereum network fees, I can't trade my assets. When I enter my wallet for transfer then show you have not sufficient balance to transfer. But believe me ,I have more than 2.5 dollars eth balance in my wallet. Lol.
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Re: Solution for ETH high fees
« Reply #51 on: December 28, 2020, 12:27:44 AM »
I think ethereum gas fee is a big problem right now. Because users are suffering a lot. It costs a lot more to transact a token. At present the gas has not decreased. In the future, users would benefit.
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Re: Solution for ETH high fees
« Reply #51 on: December 28, 2020, 12:27:44 AM »


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Re: Solution for ETH high fees
« Reply #52 on: December 28, 2020, 02:22:01 AM »
I agree with your opinion. As Ethereum transactions increase and strengthen, the problem of high gas prices should be resolved. If not, more people will wait until their payments are deemed more efficient
Ethereum network still uses their own old version and recently launched Ethereum 2.0. This two version will continue side by side for sure of the 2.0 successfully works or not till the end of the whole three phases. Until completion, Ethereum old version will continue and all transactions will be completed with it. It has less scalability, and only 8-10 transactions per seconds, delay in transactions. All of the drawbacks push to high network fees. Solution is to wait until the whole process of ethereum 2.0

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Re: Solution for ETH high fees
« Reply #53 on: December 28, 2020, 08:14:54 AM »
Yes, gas fees are making investors go away and move to other blogchain. But I believe in the coming period ETH2.0 will fix it and bring it back to normal

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Re: Solution for ETH high fees
« Reply #54 on: December 28, 2020, 09:18:07 AM »
If you see Ethereum's transaction fees are very high then maybe you can use other altcoin platforms that have cheap transaction fees because until now there are many other altcoin platforms whose transactions are not too busy so they make fees cheaper than Ethereum, such as for example EOS.

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Re: Solution for ETH high fees
« Reply #55 on: December 28, 2020, 12:45:15 PM »
These Etherium tokens tend to be a little more gas free.  This is the bad side of this Etherium token.  To make the best of this Etherium token, its gas free can be reduced a little.  I think experts will find a solution.

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Re: Solution for ETH high fees
« Reply #56 on: January 29, 2021, 04:23:53 PM »
Ethereum's gas free has made everyone think a lot. But in the end I think there is a way to reduce the gas free of this ethereum again. But we have to wait a few more days. Because until Ethereum 2.0 launches, Ethereum's gas free will not decrease. That is why we have to be patient for some more time. If Ethereum's gas doesn't eventually go down, we'll have to use another platform.
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Re: Solution for ETH high fees
« Reply #57 on: January 29, 2021, 05:13:04 PM »
So far I still doubting their offered solution as it is not yet being tested by the whole community. In this case I'm more confident with the Smart Binance Contract because I've tried one and fees are small but you have to make sure your coins are supported by SBC.
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Offline kulkhan

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Re: Solution for ETH high fees
« Reply #58 on: January 29, 2021, 05:56:57 PM »
Eth Gas fee is Big Problem for all traders and Bounty Hunters. Recently Lounced Ethereum 2.0. I thik It will Creat Good Impact on Gass fees. For this High Gas Fees People Using Another wallet Like Trust wallet. Very Low Gas Fees in Trust wallet on Trajection. I Think Ethereum Authority will Consider This Issue.

Offline hobo66

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Re: Solution for ETH high fees
« Reply #59 on: January 29, 2021, 06:35:30 PM »
This is fact that Eth gas fee is very high. But all good tokens are using erc 20 smart contract so this why we have to pay.
Erlond or trx based token are not so good as compared to Eth. This is real problem for small small investor. Eth 2.0 may be solve the issue.
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