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Author Topic: The popularity of ether is declining due to extra gas fees & poor transactions?  (Read 7635 times)

Offline Master107

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There are many blind fans of the Ethereum platform in this crypto universe.

To save money from high cost transaction fees wasn't and isn't blindness rather it is a form or practical approach to take advantage where you can save more.

Also business is business. Its about the product, benefits, community, quality, and excellence. We are all into it looking for the best.  ;)

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Offline Rifan Khan

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The Ethereum platform is one of the most popular platforms.  The gas fees of this platform are used by the platforms.  This platform will never go down.

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Offline aiviaa485

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Popular Ethereum indeed feels very sad to feel due to this decrease due to the very expensive transaction fees for every time sending Ethereum or tokens from ERC20.
I feel the same, namely the decline in Ethereum's trust for investors and traders but for development issues I still believe that Ethereum is still strong because it has Decentralized power.
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Online doc

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Popular Ethereum indeed feels very sad to feel due to this decrease due to the very expensive transaction fees for every time sending Ethereum or tokens from ERC20.
I feel the same, namely the decline in Ethereum's trust for investors and traders but for development issues I still believe that Ethereum is still strong because it has Decentralized power.

I think we all suffering about this problem at last month.
But today , Ethereum gas fee is cheaper.
So , I think thats not problem again.
The basic problem is when crypto currency market will bounce back and more valuable again.
and I think ERC 2.0 will solve the problem of gas fee.

Offline Trumpet

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A few days ago, Ethereum's Gas Fee was in such bad shape that people could not transfer any tokens from the Ethereum platform under any circumstances. However, it has been noticed for some time that Ethereum's gas fee has come down a lot. Hopefully in the future many more parts of Ethereum's gas fee will come down.
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Offline Doctor

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

Ethereum gas fee is going down mate, but the market is still recovering slowly.
At last month, several projects have migrated to BSC because ERC20 gas fee is so high.
But for now, almost all of crypto are going down and struggling.
I see there are several projects are failed.

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Offline Delgboke

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I think that's a business strategy in cryptocurrency industry for me etherum has already become popular in the Cryptocurrency system at this time it's only people that has enough fund can transact on etherum network due to the high level of gas fees, although people are looking for alternative to transact with low fees thanks be that binance smart chain here.
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Offline Mbah Jenggot

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

If you talked about popularity, I think ethereum is more popular although etheruem has gas fee issue.
Well, several projects have migrated to binance smart chain, but I think It's just alternate smart contract because ERC20 gas fee is so high.
Several people said thats temporary.
Ethereum 2.0 will have solution for this problems, they believe projects2 wil be back to ERC20.

Offline Lanirex

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Ethereum is still very popular in this Cryptocurrency, And Ethereum is also still ranked second on Coinmarketcap.  It is not easy to shift the popularity of Ethereum, because Ethereum is one of the Cryptocurrency platforms as a place for the growth of new Cryptos.

Offline jonathancool220

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Indeed, these costs have always been a difficult obstacle to stop because these costs are very sensitive to seek profit in every real business trade and investment, especially in cryptocurrencies which change every day at any time.
The fees for Ethereum have skyrocketed a lot and are now slowly starting to fall and of course the price is a little under 5 USD. But for transaction fees it should be stable below 1 USD to be more friendly to investors and traders.

Offline Duckenth

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Until now Ethereum is still a very popular Cryptocurrency, and in my opinion the expensive price of Gas eth does not reduce the popularity of Ethereum at all. Precisely now Ethereum is getting more and more popular, because the price of this Coin is getting higher. Many people choose Ethereum for Investment so that they get big profits.

Offline elbans89

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

Don't underestimate to Ethereum mate, Ethereum has big community and still the King of smart contract platform.
Ethereum is one of my favourite coin for long term investment.
BNB has good team and biggert exchange. I think time will tell.
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Offline bayiajaib

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

I agree, high Ethereum gas fee is the big problem, so I think Ethereum team should have good solution for this problem.
We all know about alternate smart platform such as BSC, waves and TRC20. They will be good alternate, while Ethereum gas fee is so high.

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

I think It will never  effect to Ethereum popularity because I see Ethereum team has good plan to finish Ethereum 2.0.
So, I see there are so many projects have still used ERC20.
I don't think Ethereum will be declined by developer and investors..That's my opinion for OP.

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Not solving the problem of high transaction fees is bad for Ethereum's reputation. Ethereum will continue to be used, of course, but only users with larger amounts of funds will use it, as transaction fees don't matter to them. In fact, if we look at the last 500 tokens added in Coin market Cap or Coingecko we can see that only between 10% and 15% have been created in the Ethereum chain, the rest use cheaper and faster chains.
« Last Edit: September 11, 2021, 11:23:14 AM by Freemind »
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