Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: tonymillions84 on December 18, 2020, 05:28:08 PM
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
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I believe in Ethereum long-term, but until 2.0 is launched I'd stick to Tron if I need to use a dapp or otherwise.
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Every day at a certain time, the price of gas falls and at this time you need to make transactions, and of course I completely agree with you and hope that Ethereum 2.0 in 2021 will solve this problem, but I also have seen how many cryptocurrency projects which were on the Ethereum blockchain switched to other blockchains due to the fact that transactions on the Ethereum blockchain have become very expensive.
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In my opinion this topic should be in Ethereum discussion.
Anyway, the problem of Eth high gas fee is not surprising and aren't new. There are times it decrease and time to increase. Yeah, if we are sick and cannot absorb this kinda bad system. Then time to migrate and try another block chain for more convenient and affordable ways.
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Until now I still use TRON to overcome the high fees. Because in my opinion, TRON is easier, faster, and cheaper to use compared to other altcoins.
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Yes you are right gas fees is to much because eth price is to much pump wait for few when eth stable gas fees will be at same price we see later dont worry it will be ok.
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If all these new projects coming to the space want to indeed build real project that will gain mass adoption, is time to try new blockchains, I just spend $7 for a $70 transaction, who in the world think this is sustainable. All these people that think this is sustainable must be living in Kukuki land. What I don't understand is why these developers and not trying out new blockchains that are faster. Polkadot, Solano, Cosmos even Binance chain
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It is really very confusing to pay for gas in the ethereum network, maybe we will not rush to switch to other blockchains and wait for ETH 2.0 and the problem with scalability will eventually be solved, for example, I am already used to working with the ethereum blockchain and do not want to switch to another one.
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Ethereum's high transaction cost issue has been around since bullrun 2017 & ETHKitties event, but the community still loves Ethereum, DeFi projects in 2020 also choose Ethereum over other platforms with lower transaction costs. The reason is that Ethereum has a huge community of supporters and the Ethereum #DevelopmentTeam is working very effectively.
Going back to the problem that you set up: SOLUTION FOR ETH HIGH FEES. I think we have several solutions:
+ Wait for the development of ETH2.0 in 2021. If ETH2.0's scalability reaches 1K tps, we will see transaction costs go down;
+ A few projects use other platforms to relieve pressure on the Ethereum network. I think Cardano & Polkadot are the best options.
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It is not easy to migrate their token network into another one because of the fees that are very high in the ERC20 platform.
I personally also feel bad about this high fee. I always need to check and recheck again at a certain time that the fees are lower than usual. Sometimes, I found the right time getting low fees but it must need more checks
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
We should wait til eth drops.
gas fee high now, eth still have a long way till eth 2.0 (https://www.google.com/amp/s/cointelegraph.com/news/eth-2-0-confirmed-for-dec-1-launch-just-hours-before-deadline/amp) so it will drop meanwhile. We have to wait a long time. Constantly creating new projects, constantly transacting tokens, so gas fees are unlikely to decrease.
Everything we Need to Know About Ethereum 2.0 (https://www.coindesk.com/everything-you-need-to-know-about-ethereum-2-0)
I believe in Ethereum long-term, but until 2.0 is launched I'd stick to Tron if I need to use a dapp or otherwise.
Agree, I use USDT (trc-20) wallet for USDT transactions. Many people are now trying to find alternative ways.
We should know the latest updates. We are constantly speculating. However, it is still difficult to say what is going to happen in the future.
Ethereum 2.0 Beacon Chain Goes Live as ‘World Computer’ Begins Long-Awaited Overhaul (https://www.google.com/amp/s/www.coindesk.com/ethereum-2-0-beacon-chain-goes-live-as-world-computer-begins-long-awaited-overhaul%3famp=1)
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This is really huge amount of fees, better to use other alternative if you have that chance to use another coin, there are lots of crypto if you are transferring coins from exchange, instead of paying huge amount of transaction fee using ETH, why not use other coin to transfer your fund, coins that also good in speed but don't charge that high but i believe that ether team will consider the issue from the next year.
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Hopefully the full launch and operation of Ethereum 2.0 when it is done can reduce dramatically the exorbitant and sometimes laughably high gas fees the users of the network have to endure every day. This is not what we signed for when we enter cryptocurrency, and it is really time that Ethereum developers got to listen fully with what is happening in the ground, otherwise the future of this second biggest cryptocurrency can be jeopardized. But what I know is that changes will not be happening all at once, so it is possible that the easing of gas fees can be done gradually and not abrupt -- anyway we are waiting for that maybe by 2021.
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I also noticed that gas prices are too high. Therefore, I myself start using the Tron coin, since the commissions there are very low and fast.
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unfortunately eth 2.0 is not completely 100% complete. and maybe this is the impact of that so that the cost of gas becomes expensive because of the density of the network in ethereum. it makes me try to hold back on sharing small transactions.
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The average price of Gas is now 30-40 Gwei, which is about $ 1.5. For one-time transfers, this is a small price, but if you need to transfer several hundred transactions daily, then this becomes a problem. The commission should be significantly lower, then even more projects will be launched on the Ethereum blockchain.
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When Ethereum 2.0 starts to work in full, because the network fees are very high, you need to pay 1-2 dollars for the transfer from the wallet, and the exchanges take about $ 5 for the withdrawal of the ERC -20 tokens >:(
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migrating to other blockchain is not a bad idea at all. it will surely cut some high fees but is that really a guarantee that the project will gain supporter and will eventually turn into success? We'll as we see and observe a for the past months or even these days. even with the surges of gas fees many developer still choses ethereum blockchain for a start. why? well maybe beacuse ethereum is popular among all and it has a large community supporters.. Plus the fact that ethereum has a user friendly interface that makes the newbie easily to understand and navigate.
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As we know, ETH 2 is not fully operational, there are several steps that need to be done by developers such as sharding that has not been done. But strangely, even though the transaction fees on the ethereum network are high, we still see new projects and users are still trading with tokens that exist on the ether network, this shows that ethereum still holds the trust of investors and traders because ethereum is the developer of the first Dapps which was popular with ICO then DeFi
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While the Ethereum platform is very popular and user-friendly, high gas fees are a big problem. Each transfer costs more than- $2-$10 depending on the time, which is very difficult. Many people use tron for this many times. However, I believe that with the completion of version 2.0 of Ethereum, we can get rid of the high gas fee after 2021.
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There is no other way except to have to wait for fees to come down, because it is impossible that transaction fees will always be high. But if you are forced to have to make transactions when the fees are high, then what can you do? we must be willing to lose money for these high costs.
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There is no other way except to have to wait for fees to come down, because it is impossible that transaction fees will always be high. But if you are forced to have to make transactions when the fees are high, then what can you do? we must be willing to lose money for these high costs.
Anyway, the excitement around the DeFi project has not subsided yet. This affects the bandwidth of the Ethereum network. Therefore, I believe that users are also to blame for the fact that they themselves inflate the cost of the transaction so that their transaction is processed in the first place.
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There is no other way except to have to wait for fees to come down, because it is impossible that transaction fees will always be high. But if you are forced to have to make transactions when the fees are high, then what can you do? we must be willing to lose money for these high costs.
If we just wait, then nothing will happen or change. Just waiting is just like ignoring high transaction fee or showing that it is ok with you. Community should always pick on devs and remind all the time how dreadful situation is. Maybe even warn them with migrating to other blockchain (from project developers point of view).
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There is no other way except to have to wait for fees to come down, because it is impossible that transaction fees will always be high. But if you are forced to have to make transactions when the fees are high, then what can you do? we must be willing to lose money for these high costs.
Yes, when we need money, high fees are not a problem. Especially for me, who is a bounty hunter, I often experience gas fees that are almost greater than the rewards I received, but I keep doing these transactions because I need money :(
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
ETH 2.0 got multiple phase. Only phase I is going on. So please be patient, they always plan big. More things are on the way. Atleast we have to wait for the phase II. As per me phase II will solve the gas problem.
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Gas fees is the biggest inconvenient matter while transaction to ETH . The rate is burden for treaders and hunters .we want free from extra gas fees and better exchange . I don't know when extra charge decrease and how ?
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Miners are increasing their Hastrate to accelerate the number of congested transactions on the ethereum network, because of this, the cost of Gas is high. With ETH 2, miners will turn to be validators for every transaction on the ETH network, this happens because the developer wants to solve the current problem. this so as not to happen continuously in the future.
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I was also surprised after launching Eth-2 it's still high fees. Believe me i generally use doge for the high transaction fees. That's why polkadot prochain comes up to solve single chain problem issue. I think DOT will surely solve this huge problem.
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I was also surprised after launching Eth-2 it's still high fees. Believe me i generally use doge for the high transaction fees. That's why polkadot prochain comes up to solve single chain problem issue. I think DOT will surely solve this huge problem.
People say that Ethereum 2.0 is not working in full swing right now. I think that the first thing Ethereum devs care was launching staking program. Not a secret that Ethereum 2.0 was released raw. We have to wait till they do some updated to blockchain. Even though I still dont think it will majorly help.
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I was transferring Ethereum a few days ago and paid a commission of about $ 1.50. But this morning when transferring Ethereum, I paid $ 0.35 per transaction. At the same time, I did not manually enter any gas restrictions like last time.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
tron and ELROND these are 2 very low cost GAS platforms but have not attracted investors. Ethereum is gaining traction, but gas fees are so high that small investors are increasingly influencing investors.
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Until now I still use TRON to overcome the high fees. Because in my opinion, TRON is easier, faster, and cheaper to use compared to other altcoins.
rhyme we are always looking for solutions to the cost of GAs. The gas cost is too high, making us feel depressed. But I believe ETH2.0 will fix it soon to attract more investors for the future
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
tron and ELROND these are 2 very low cost GAS platforms but have not attracted investors. Ethereum is gaining traction, but gas fees are so high that small investors are increasingly influencing investors.
Yes, I am making the decision to leave Ethereum. And you guys, after the gas fee is taking away the money that I have a hard time earning
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
tron and ELROND these are 2 very low cost GAS platforms but have not attracted investors. Ethereum is gaining traction, but gas fees are so high that small investors are increasingly influencing investors.
Yes, I am making the decision to leave Ethereum. And you guys, after the gas fee is taking away the money that I have a hard time earning
If ethereum does not change gas fees I will leave it and invest in new platforms and promise to grow for the future.
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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.
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I see ethereum transaction fees are not too high anymore because there is already ethereum 2.0 which has been launched and has provided many developments and can provide very cheap transaction fees, if it is still high then maybe you can use another altcoin.
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I believe this is just a problem if you are going to withdraw small amount from ethereum blockchain and also the same with the bounty payment during the distribution since the team is not willing to pay the high gas fee. I hope that the eth 2.0 will be the end of this problem.
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I agree with you. The best coin ether for me. Here I am abundantly simple.But now that there are so many free transactions, we are having a lot of problems.I hope that the eth 2.0 will be the end of this problem., if it is still high then maybe you can use another altcoin. Even though I still dont think it will majorly help.
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Does anyone know if it is possible for project to migrate from ethereum blockchain to other? I've seen some projects announced to do this, but I've forgotten their ANN topics and social accounts to check their success.
How do you think, if fees keeps like that, will devs started to think of migration to a cheaper, faster blockchain?
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expensive gas, do transactions when gas is cheap, is a solution that is very easy to think of and you are more patient to wait for cheap gas,
I personally use Tron for trasaction because it is friendly and fast.
If it is mandatory to use Erc, I will wait until the gas price matches the available funds
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expensive gas, do transactions when gas is cheap, is a solution that is very easy to think of and you are more patient to wait for cheap gas,
I personally use Tron for trasaction because it is friendly and fast.
If it is mandatory to use Erc, I will wait until the gas price matches the available funds
extraordinary, this is really the very right solution you have done because indeed in an expensive gas situation it is looking for time when cheap gas to make transactions, usually it is when the traffic is high then the gas will be high, otherwise if the traffic is low then the gas will be adjust. but usually people are lazy to see that and just get the execution done so quickly.
Yes, there are many who suggest using alternatives if there are any and it just so happens that you say that tron is one that can be done. but back again to the person whether they want to bother a little or do accept what happened. it all depends on the individual now in matters like this.
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Until now I still use TRON to overcome the high fees. Because in my opinion, TRON is easier, faster, and cheaper to use compared to other altcoins.
Yes exactly what i am doing right now .I use Tron to reduce the high fees .It is very easy to use and the blockchain is well established .Justin sun are doing hard work on the eth serge on high fees where a huge amount of transaction are happening daily .Vitelik could do something better to reduce the fees.
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Until now I still use TRON to overcome the high fees. Because in my opinion, TRON is easier, faster, and cheaper to use compared to other altcoins.
Yes exactly what i am doing right now .I use Tron to reduce the high fees .It is very easy to use and the blockchain is well established .Justin sun are doing hard work on the eth serge on high fees where a huge amount of transaction are happening daily .Vitelik could do something better to reduce the fees.
You can reduce the commission yourself without any problems, although the tranzation will take a little longer than usual. I recently lowered the price manually to 30 cents and the transaction went through in less than a minute.
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Thank you brother. Beautifully created a topic. Here for exchanging etherium and if you do, the gas fee is higher so it is disliked by everyone and makes everyone's tuhin smaller. I would say let Etherium solve this problem
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You can reduce the commission yourself without any problems, although the tranzation will take a little longer than usual. I recently lowered the price manually to 30 cents and the transaction went through in less than a minute.
In times of higher Gwei, if you set gas trigger at lower Gwei, it will take longer time than expectation. Nobody wants to face such longer time which sometimes can take more than one day. Better to wait for morning hours when transaction pressures is slightly lower can set lower Gwei and make transactions. Using TRON, XLM network can be cheaper way of transactions. And final solutions of this problem is to wait for longer time until Ethereum 2.0 successfully completed all the three phases which may take more than 1 year.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
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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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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
I think this is right but not all. Because Ethereum has its real investor. The investor will keep investing in ETH no matter what happens. Investors who go away only that have small funds, but behind the Ethereum there are solid investor support it
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If in my opinion, I will continue to use etherum because the transactions are flexible, the solution is to just monitor the gas price because the gas price fluctuates every hour when the gas price drops, do the transaction
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
I think migration is the best solution to avoid big losses of amount just for the successful transaction. The only problem to us bounty hunters is we don't have voice for the project developers for choosing which blockchain they should use for best.
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If in my opinion, I will continue to use etherum because the transactions are flexible, the solution is to just monitor the gas price because the gas price fluctuates every hour when the gas price drops, do the transaction
Actually, we have had so many Ethereum layer 2 projects. This solutions reduce a lot of fee for transactions.
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There are better options fo3 developers like Polkadot which is a great alternative for developers who are developing on ETH. People have to pay a fee as as much as 100$ for a transaction which is ridiculous. But it is not easy for ETH developers to overcome this. They are trying their best.
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Ethereum gas is currently much more fee. Due to which everyone is facing loss. Everyone is suffering with Ethereum Gas Fee. Everyone has to exchange a token with a lot of fee gas. And there are a lot of etherium gas fees to pay for exchanging dollars. If it is not corrected then everyone will suffer a lot.
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If Ethereum lowers its gas fee it will become a correction. It will never be corrected if it is reduced. Currently everyone is suffering the most due to the excess of etherium gas fee. Cryptocurrency is used for most purposes. Ethereum is now loved and trusted by everyone.
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Can someone suggest any other valuable advice then just wait till the fee will be low again? Because this is not a solution.
As long as traders get profit, they dont really care about fees imo. Devs, switching to other then Ethereum blockchain could be a solution, but are they ready to do it, or do they want to do it?
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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
High gas fee stuck up the transactions of bounty payments. Some hunters are impatient to receive their tokens they cannot even wait for one month to wait the low gas fee. The solution to high gas fee is navigate to another blockchain that has lower transaction fee. That is the only solution that I think.
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I believe in Ethereum long-term, but until 2.0 is launched I'd stick to Tron if I need to use a dapp or otherwise.
Now i try to avoid Ethereum network other than bound to bounty payment. Now tron, xlm, usdt are the best choice for transaction, withdraw from exchanges etc.
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Now fees is high, sometimes it's too high than original amounts. Lower gas fees is now a dream. There is only a solution for this problem is to wait as long as the development progress of 3 phases of ethereum aren't completed. One year is a long time to wait but not other option in hand.
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Etherium Wallet is currently one of the most popular wallets in this cryptocurrency. Most bounty managers currently use Ethereum Wallet as a wallet in their bounty campaigns.Most of Ethereum's sites are positive. But a bad side of it is its extra gas free.It is often seen that even if some projects are paid, its gas fee does not rise.
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Generally, in any case, common sense dictates that as the price of Ethereum rises, the price of transactions will increase. Of course, in 2017 and early 2018 the situation was a little different, but at that time the load on the network was not so great compared to the current period. I think that fees can remain at the level of Bitcoin fees.
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Ethereum blockchain is very popular with project developers and it should be available. Many people have tokens in their wallets, received for bounties, which are impossible to sell now because of the high cost of gas. I'm waiting for Etherium-2 to solve this problem.
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^ ethereum's gas fee really disturbs the convenience of transferring between tokens. Just imagine, I need a $6 fee to transfer tokens from a personal wallet to an exchange wallet, hopefully, eth 2.0 makes a big change to the transaction fee.
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I do not think there is a solution for etherum high gas fees to be honest; as long as you want to conduct a transaction on the etherum blockchain; you either wait for a cheap gas fee or continue with the present rate. Else you migrate your investments to other cheap blockchains
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A portion of the transaction is to be shared with the ETH blockchain as our gas fee. 2.0 ETH 2021 will solve this problem. The price of gas fee falls at a certain time every day, we have to transact at this time. Really a lot of gas fees at ETh if this problem is not solved small traders like us will lose a lot of dividends.
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Gas costs went up when ethereum started to go up, the price has been around since 2017.
indeed, there is no other choice but to move to a platform other than ethereum which has lower gas costs.
the advice on using tron is excellent. because the cost of tron gas is very low. can also use cardano.
cardano also has cheaper gas costs for transactions.
When ethereum gas rises like this it's not only investors who get the impact, but also bounty hunters. Many hunter bounty payments have been postponed due to high gas costs
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This time ETH fee is very high and i hope that in future the fee is low and we know that in the crypto market soon the fee is low because the ETH coin go high more in future.
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The solution for ETH High Key has created a very beautiful and valuable topic. Thank you very much. There are many members about it. I don't know anything but those who are new to reading your valuable posts will get a much better benefit. I had no idea about it but we can know a lot by reading some of the senior brothers posting these.
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We are suffering from the same problem that you are suffering from. Currently most bounty managers in cryptocurrency are using My Ethereum Wallet as a wallet in their bounty campaigns. But One of the biggest problems with Etherium Wallet is its excess gas free.But recently it has been heard that if Ethereum can successfully bring their 2.0 technology to the market, then Ethereum's gas free will be greatly reduced.
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If the Ethereum authority don't think about the fact i think new developers who are the new they should change their decision and try to find out other platform link torn. It will be better decision.
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Now at this time the ETH gas fee is high and the new upcoming projects are going to choose the TRON wallet becasue the price of the TRON wallet is very low and i hope that in future most of the projects we saw their because of fee.
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Now at this time the ETH gas fee is high and the new upcoming projects are going to choose the TRON wallet becasue the price of the TRON wallet is very low and i hope that in future most of the projects we saw their because of fee.
a new project using the Tron wallet is a good thought for now. because ethereum costs are really high for now.
but it is unlikely that new projects will use the Tron wallet. because almost all projects prefer to use a simpler and faster ethereum wallet
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I think it is not possible to reduce Ethereum transactions for fee without Ethereum community. At present, due to Ethereum's additional transactions, people are leaving Ethereum platform and moving to other platforms.However, in certain countries, the fee transaction of Ethereum at certain times can be noticed a little less.
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Etherium is the most popular and a smart blockchain platform. I believe that Ethereum's higher gas fees will go down one day. Gas fees are likely to be reduced when Ethereum 2.0 is launched.
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Until now I still use TRON to overcome the high fees. Because in my opinion, TRON is easier, faster, and cheaper to use compared to other altcoins.
Yes, I think TRON is good options, when Ethereum gas fee is so high. I see many investors have used TRON, they said TRON is more faster, easier and cheaper..I think Ethereum team should have good solution for high gas fee
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It is very sad to pay gas fees on the ethereum network. But switching to another blockchain is not easy for tokens and coins because of the very high gas fees on the ERC20 platform. Better not rush to another blockchain and wait for ETH 2.0 and hopefully solve the gas fees problem.
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It is very sad to pay gas fees on the ethereum network. But switching to another blockchain is not easy for tokens and coins because of the very high gas fees on the ERC20 platform. Better not rush to another blockchain and wait for ETH 2.0 and hopefully solve the gas fees problem.
gas prices within the Ethereum network are growing for a reason. The fact is that this is a real indicator of the demand for the platform among developers of new projects and the congestion of the network due to expensive projects, which causes such a problem with expensive commissions. any platform can exhibit the same symptoms as erc20, associated with high fees and bandwidth problems, if its market demand increases.
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I prefer to wait for the Ethereum transaction fees to drop rather than having to switch networks especially since it is the Tron network, however ERC-20 tokens are better than tokens from the Tron network. Wait until Ethereum 2.0 is fully released and get the usual normal, cheap eth gas.
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I prefer to wait for the Ethereum transaction fees to drop rather than having to switch networks especially since it is the Tron network, however ERC-20 tokens are better than tokens from the Tron network. Wait until Ethereum 2.0 is fully released and get the usual normal, cheap eth gas.
you're right, it's better to wait until everything returns to normal. because coins based on ethereum will have a high value.
almost a few projects that stand on the ethereum platform have high marks. because the coin price will follow the platform that is followed. so when the price of ethereum goes up, the price of other altcoins will also go up
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To me, it is a thumbs down to the ETH team, if the purpose of ETH 2.0 is to reduce the price of transactions gas fee, and if it be so, it was arrenged to take charge exorbitantly from the users of the Ethereum platform, making exploitation of its users because a new version is coming up. This needs to be corrected sooner than later, otherwise the evolving technology will take its place, popularity and backers away, leaving it on a point zero level. Already, the Ethereum platform is losing its users and abandoning their coins because the price of moving out the coin is almost or even bigger than the coin that is to be moved out.
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Binance chain BSC is also a good choice for making projects. The price of BNB touches near to 650$, but the gas fees is still very low. This is the best thing about this BSC chain. But if we see the ethereum chain its gas fees increases as its price increases. I think the team have to reduce the gas fees otherwise community is leaving. Because it can costs 30,40$ per transaction.
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Right now many tokens migrating binance smart chain which is good move for them, the fee is very very low. The eth gas fee is still having a problem, I don't know what will be the future of ethereum if this gas problem is not resolve.
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I agree with you. You have made a very beautiful post which is very painful for Bounty Hunters now. At present, most of the projects are using trust wallet, BNB etc. wallet due to the transaction fee problem, so there is some relief from the transaction fee. If the transaction fee continues like this on Ethereum platform, other platforms including trust wallet will be used more.
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Tokens cannot be tenespared at present due to the cost of etherium gas fees. Because cryptocurrency is now increasing the price of etherium coins, gas fees are being incurred extra. However, this gas fee will cost less very soon. I think the situation will return to normal.
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Many people are beginning to worry about the high gas fees. and until now I don't think there is a best solution that can be implemented. and indeed such information is needed by many people in crypto.
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This time the ETH gas is so much high but i hope that in future the fee is going to be low becasue almost projects now move to the TRON wallet becasue fee is very low and that is also so much secure and the ETH again make their fee low and the new projects will again start to use the ETH wallet.
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At the present time it is seen that from the Etherium platform What a lot of gas it takes to Withdraw a token.Which is why most investors are currently using the Etherium platform Leaving these is being added to the Binance platforms.Thus, if the etherium platforms are gas free Then it will be seen that at one time Ethereum platform has lost their popularity.
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Everyone had problems with Ethereum transaction fees. In fact, Ethereum's popularity plummeted due to the extra transaction fees. Ethereum transaction fees seem to be much lower at present than before. Therefore, the price of Etherium will increase.
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The problem of extra transaction fee on Ethereum platform I don't think can be solved without Ethereum community. Because they are responsible for additional transactions on this platform. However, they have to pay the compensation of additional transaction fee. Because they have already lost a lot of popularity.So I think they should give the most importance to this issue
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Binance chain BSC is also a good choice for making projects. The price of BNB touches near to 650$, but the gas fees is still very low. This is the best thing about this BSC chain. But if we see the ethereum chain its gas fees increases as its price increases. I think the team have to reduce the gas fees otherwise community is leaving. Because it can costs 30,40$ per transaction.
I think the best solution for Ethereum high fees, We can migrate to other smart contract platform..Maybe binance smart chain is the best choice now, TRC20, waves etc. I think many investors have the same problem now, high gas fee.
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For now, there is no big solution for the high fee of Etheruem transaction. However, we can anticipate paying high fees by checking the rate at first before doing the transactions. I commonly always check and recheck the fee trackers on how much gwei.. It may be happening in a certain time where the gwei is much lower, however of Corus not too significant. I can still spend about $10 for one-time transaction
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For now, there is no big solution for the high fee of Etheruem transaction. However, we can anticipate paying high fees by checking the rate at first before doing the transactions. I commonly always check and recheck the fee trackers on how much gwei.. It may be happening in a certain time where the gwei is much lower, however of Corus not too significant. I can still spend about $10 for one-time transaction
Just like I did, always check the transaction fee or Gas Eth before sending the token. But I am often disappointed because it turns out that Eth's gas costs are very difficult to come down, I have to be extra patient waiting for Gwei to come down and it is feasible to make a transaction. Ethereum should have heard complaints from the community about this high cost, because what many people fear is that Ethereum will be left behind and move to BNB with its BSC.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Yes, I see many projects have migrated to other block chain because Ethereum gas fee is so high. I believe Ethereum team has plan to solve this problem. Maybe Ethereum 2.0 will be the best solution
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Yes, I see many projects have migrated to other block chain because Ethereum gas fee is so high. I believe Ethereum team has plan to solve this problem. Maybe Ethereum 2.0 will be the best solution
This problem will be solved Not only with the help of the Ethereum 2.0 update, but also over time, the popularity of DeFi will decrease and the load on the Ethereum network will also decrease, which will definitely affect the cost of transactions. but nevertheless, one must take into account the fact that the popularity of the platform not only increases the cost of Ethereum, but also accordingly increases the cost of transactions due to the complex bandwidth.
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Right now many tokens migrating binance smart chain which is good move for them, the fee is very very low. The eth gas fee is still having a problem, I don't know what will be the future of ethereum if this gas problem is not resolve.
I think Ethereum's transaction will solve the additional problem very soon.Because Ethereum's transaction fees are so high, many Ethereum platforms are Leaving.If this problem is not solved then Ethereum will lose its popularity So I think it will solve the problem of Ethereum 'platform quickly
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If you haven't already, it's better to postpone transacting with the ethereum network... many projects have changed their network instead of using the ethereum network which has very high fees... I myself prefer to postpone the transaction because I see the fees I have to spend now are more than $50/transaction. ..
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Currently the project developer has made a good choice to avoid high gas costs, the developer will choose the cross-chain feature if they want to avoid high gas costs, with tokens on some Tron, ETH, Bsc or other blockchains such as the one on USDT, then we will see this token on the network. Tron with lower transaction fees than Ethereum
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It is difficult for Ethereum to lower its transaction gas because Ethereum shipping costs depend on the Ethereum price itself.
Ethereum is cheap it will be cheap to send the tokens and if Ethereum it will be expensive to send the coins too.
This system may have been pre-set because to minimize losses to Ethereum miners.
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It is difficult for Ethereum to lower its transaction gas because Ethereum shipping costs depend on the Ethereum price itself.
Ethereum is cheap it will be cheap to send the tokens and if Ethereum it will be expensive to send the coins too.
This system may have been pre-set because to minimize losses to Ethereum miners.
you will have to use erc20 only for those projects that bring sufficiently large incomes to their owners. Based on this, I will not invest my funds in projects that cost much less than the cost of a transaction.
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Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Maybe for now the Binance Smart Chain is better and superior to Tron and Elrond because it has the bep20 token which is much loved by cryptocurrency investors and traders.
I am also sure that this bep20 will be the best community in the future because it has the full support of Binance.om which Changpeng Zhao always keeps on hugging.
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Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Maybe for now the Binance Smart Chain is better and superior to Tron and Elrond because it has the bep20 token which is much loved by cryptocurrency investors and traders.
I am also sure that this bep20 will be the best community in the future because it has the full support of Binance.om which Changpeng Zhao always keeps on hugging.
Today, many projects use bep 20 primarily because developers want to save money on development and attract as much attention as possible due to low commissions. but in the future, If a really promising project is aimed at lifelong existence with great demand in society, then it should use only the safest and highest quality platform, which is a full-fledged decentralized platform and this is by no means a Smart chain, but an erc-20. ;)
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Ethereum's gas fees have started to lower. Hopefully more will lower. Everyone started using the Binance network to increase Ethereum's gas fees. Now if Ethereum's gas fees go down, people will start using Ethereum again.
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Many people thought that the launch of Ethereum version 2.0 would solve the problem of gas, but it did not happen, but gas free has increased. However, the hope is that due to the high gas fees in Ethereum, most of the Project Trust Wallet Binance smart sets are being used more.
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Many people thought that the launch of Ethereum version 2.0 would solve the problem of gas, but it did not happen, but gas free has increased. However, the hope is that due to the high gas fees in Ethereum, most of the Project Trust Wallet Binance smart sets are being used more.
Indeed everyone hopes that there will be improvements with the emergence of ethereum 2.0, but it may not be as easy as turning your palms and being done. Obviously there is a fairly long process that must be done in order to fulfill what is desired and according to new information it will happen in July, if there are no other obstacles than the existing estimates.
but with many new projects looking for alternatives to the high cost burden of the ethereum platform, it is highly appreciated. because with that there will be good competition to find alternatives for improvement in the future, as long as it is for improvement we must continue to support it.
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For several days we were all suffering from the problem of extra etherium gas fees.The amount of etherium gas fees increased so much that everyone started feeling unbearable because of it.We all know that Etherium is a popular platform.But the increase in the amount of its gas fee caused frustration among all the users.But now the amount of etherium gas fee has come down to almost the previous position.I think the Ethereum platform will relocate to its previous position.
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Ethereum gas free has been reduced a lot compared to the past.Already the Ethereum platform takes much less gas free However, a few days ago, a lot of gas-free etherium platforms I think the gas free of the etherium platform will be further reduced later.
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Ethereum gas free has been reduced a lot compared to the past.Already the Ethereum platform takes much less gas free However, a few days ago, a lot of gas-free etherium platforms I think the gas free of the etherium platform will be further reduced later.
Exactly, ETH network could be recognized take high fees any more. Situation have changed, I made few transaction under 50 gwei recently, what I can say a smooth transaction. I wish this will continue, and upcoming days fees will go more lower.
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I think Ethereum's transaction free is a bit less than before.I sent a token about 15 days ago for deposit and two days ago I got confirmation that the deposit has been made. The good thing is that for only four dollars I have to deposit all my tokens I can. I think the Ethereum platform transaction problem will be solved very soon
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If the commissions in the Eth network do not become much lower in the near future, then many people will simply switch from the BSC network and newly emerging projects will build and use other networks. I really would not like that.
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Now everyone who works in cryptocurrency has to pay Ethereum transaction fee.But a few days ago, the amount of etherium transaction fees was much higher.Almost everyone was impatient with the problem.It has been found that if you earn 50$ from a bounty project, you would have to pay a transaction fee of 20$.But now this problem has been solved.Having trouble selling tokens from the wallet due to having excess transaction fees before.But now not everyone has to read that problem.Now Ethereum's transaction fee is in a very convenient position.
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Its a pity ethereum developers continue to footdrag the migration to ETH2.0 so as to reduce transaction fees I hope their developers know that BSC is a good and alternative network that perform the same role as ETH but with a moderate transaction fee and faster network, I believe new developers will be adopting BSC for their projects to attract more investors because of their cheap network and swiftness of transactions with a minimal gas fees.
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Gas Fee now costs much less in cryptocurrencies. A few days ago the amount of gas fee was so high that it is unthinkable. At present gas fees or transaction fees for transfer are much less costly. Gas fees are now back to normal.
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Despite the popularity of Etherium in cryptocurrencies, the price has not increased as much as the crypto market has. This is due to the extra gas fees. But it is good to see that the Etherium price is increasing a lot. The Ethereum price is pumping so much because of the fact that the Etherium gas fees has come down a lot.
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Ethereum's extra transaction fee annoyed me. I can't sell some tokens for this extra transaction fee. I would pray that Ethereum's transaction fee goes down. Is there any way to pay less transaction fee. If so, please let me know.
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Investors and Bounty Hunters each had a problem with Ethereum's additional transaction fees. The Ethereum transaction fee was found to be excessively high and selling any token on the Ethereum platform would cost a very high gas fee. Therefore, despite being the second most popular coin, the price has not increased in such a way. But now we can see that with the reduction of Ethereum transaction fees, the price of Ethereum is increasing exponentially. Already we have seen the Thorium price exceed $3k.
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The impact of the increase in ethereum to the new ATH makes the fees that must be issued for each transaction also increase and is also not fixed, it is different for each token we send... it also causes many projects to migrate to other networks... who knows how long the fee problem will be done, but we see ethereum developers don't fix it right away after a few months running..
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The impact of the increase in ethereum to the new ATH makes the fees that must be issued for each transaction also increase and is also not fixed, it is different for each token we send... it also causes many projects to migrate to other networks... who knows how long the fee problem will be done, but we see ethereum developers don't fix it right away after a few months running..
today this problem is practically minimal. for this period, Ethereum has reached almost $ 3,200, and the commission has dropped below $ 5. I believe this is a huge difference from the period when the commissions were from 40 to 100 dollars.
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Etherium is a good platform. Ether is very popular in cryptocurrency. Several days ago, investors had to face many problems due to the high amount of ether gas free.Everyone has a problem with cutting more gas free. But now that problem has been overcome. Now gas free extra is not cut. Has come to the previous position. Especially those who were small bounty hunters They have had more problems. Now that problem is no more.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Every people asked about the solutions of high gas fee. I think we don't have solution, just wait the gas fee goes down.
Etherreum team will solve this problem soon, As many people said It will happen at July this year
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I can't find any solution for Ethereum's High Gas Free on the current Ethereum platform Its gas free has been reduced a lot. Ethereum gas free takes a little less than before However, Ethereum's gas free should be further reduced. Then Etherium platforms will be able to gain more popularity. Everything can be done very easily from the Ethereum platform but the solution of the current in the extra gas free lage must be given very quickly.
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today this problem is practically minimal. for this period, Ethereum has reached almost $ 3,200, and the commission has dropped below $ 5. I believe this is a huge difference from the period when the commissions were from 40 to 100 dollars.
That's right, today I see that the change in shipping fees has changed and is already affordable, it must be fixed immediately because the benefits of ethereum are not only due to rising prices, but also because of fees... however, if it is not fixed immediately, many projects will migrate the network...
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Ethereum platform transaction fees have come down which is why Ethereum prices continue to rise. The Etherium transaction fee was increased so much that no one could sell any tokens on the Etherium platform or the investors who were there almost gave up investing in the platform. All the problems have been solved due to reduction in Ethereum transaction fees. Now that the Ethereum price is rising, everyone expects it to exceed 5,000 dollars this month.
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The cost of Eth gas is much lower nowadays, there is no longer any reason eth gas is expensive. Check now how much Eth Gas costs, the lowest one is 30 gwey ... It's pretty low in my opinion. I am sure Ethereum will continue to lower the cost of this Eth Gas, because they realize that if not then There is a threat that will surpass it and will make Ethereum worse off.
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The cost of Eth gas is much lower nowadays, there is no longer any reason eth gas is expensive. Check now how much Eth Gas costs, the lowest one is 30 gwey ... It's pretty low in my opinion. I am sure Ethereum will continue to lower the cost of this Eth Gas, because they realize that if not then There is a threat that will surpass it and will make Ethereum worse off.
Yes, I see gas fee is low now. It will have good affect for Ethereum price. Current Ethereum price is $ 3,555. It is amazing and we can see Ethereum still has potential to grow.
I hope we will see Ethereum at 4,000 USD at this year.
Maybe It will happen at Q3.
Because I see this coin is the biggest smart contract platform and many projects have used ERC20.
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Investors have run into a lot of problems due to the large amount of gas free cutting in Etherium. But now he has passed the time. Now the gas free is back to the previous position. Etherium Good platform. This is the best platform for me and what has gained a lot of popularity in cryptocurrency.The current price of ether is about 35 thousand dollars. The popularity of this platform is growing day by day.Everyone thinks that the price of ether will reach হাজার 5,000 in a few days. The future of this platform is very good.
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Investors have run into a lot of problems due to the large amount of gas free cutting in Etherium. But now he has passed the time. Now the gas free is back to the previous position. Etherium Good platform. This is the best platform for me and what has gained a lot of popularity in cryptocurrency.The current price of ether is about 35 thousand dollars. The popularity of this platform is growing day by day.Everyone thinks that the price of ether will reach Thousand 5,000 in a few days. The future of this platform is very good.
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New projects are going to the TRX wallet becasue the TRX wallet fee is low and the ETH gas fee is high but now the fee is low and in future the fee is going down more in future.
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We are unable to transfer Etherium based coins due to additional Etherium network fees. Etherium authorities are not taking any decision in this regard. Two days ago the Etherium network fee was much lower but again the network has increased than before. Etherium authorities to make a decision on this matter as soon as possible.
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We are not able to solve this problem at the moment but we are waiting for the Etherium Authority to think about this very soon. However, a major change in the price of etherium is coming soon, so it is expected that the etherium gas fee will come down in the first six months of this year.
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We all know that Ethereum 2.0 technology will actually reduce transactions. However, if you try some tricks on token transactions now, I think the transaction will come down a lot. Before making such a transaction, the transaction should be done by checking the gas through the gas taker. Because by adopting this practice, I think it is possible to reduce gas fee a lot.
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In the past the amount of gas was so high that talking transactions could not be done in any way. Impossibly increasing the amount of jasmine there was a huge dollar cost gas fee to transfer the talk. But now it has been solved and gas costs much less.
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I hope so because now its very huge gas fees I spend in my transaction from etherium into my wallet. I have still pending transaction which I put in low gas fee, but still huge for me, its a now a week past by but still nothing received into my wallet.
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All the investors have been facing a lot of problems due to the large amount of gas free cutting in Etherium. But now that problem has been overcome and now it has returned to its previous position. We have to be patient for a while If you have to do that will go to the previous stage.
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All the investors have been facing a lot of problems due to the large amount of gas free cutting in Etherium. But now that problem has been overcome and now it has returned to its previous position. We have to be patient for a while If you have to do that will go to the previous stage.
I have always been loyal to the high fees within the Ethereum network. The fact is that it was not difficult to send assets with a sufficiently high value, but those tokens whose cost is much lower than the commission, then their developers should think about the effectiveness of their actions.
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I think Ethereum's popularity is declining because it is so gas-free. A few days ago the gas free of the Etherium platform was slightly reduced but now this gas free has been doubled again. I think Etherium platforms could lose popularity in the future if Ethereum does not come up with a gas free reduction solution.
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I think Ethereum's popularity is declining because it is so gas-free. A few days ago the gas free of the Etherium platform was slightly reduced but now this gas free has been doubled again. I think Etherium platforms could lose popularity in the future if Ethereum does not come up with a gas free reduction solution.
No, I don't agree with you, Ethereum still have good popularity and many investors have invested in Ethereum. You can see the Ethereum price now, It seems go strong and already touched 4K USD .
I think Ethereum will touch 4,500 USD soon.
Gas fee is so high, but I believe Ethereum team will have good solution soon. Maybe at the middle this year
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No, I don't agree with you, Ethereum still have good popularity and many investors have invested in Ethereum. You can see the Ethereum price now, It seems go strong and already touched 4K USD .
I think Ethereum will touch 4,500 USD soon.
Gas fee is so high, but I believe Ethereum team will have good solution soon. Maybe at the middle this year
The only solution that is expected is a hard fork that will not be implemented on the Ethereum chain until JulyThe only thing we can do is wait for it to be implemented in the network and for it to really work, in the meantime we can only wait and find alternatives (there are several) to Ethereum.
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The high transaction fees of the Ethereum platform have an effect on the Ethereum price. The transaction fee for the Ethereum platform is currently down a bit but the Ethereum price is suddenly rising so much. Due to high transaction fees on the Ethereum platform but no one was able to sell or invest in the Ethereum pair coins. That's why I think reducing the Ethereum transaction fee will actually solve all the problems.
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The high transaction fees of the Ethereum platform have an effect on the Ethereum price. The transaction fee for the Ethereum platform is currently down a bit but the Ethereum price is suddenly rising so much. Due to high transaction fees on the Ethereum platform but no one was able to sell or invest in the Ethereum pair coins. That's why I think reducing the Ethereum transaction fee will actually solve all the problems.
the high costs incurred by the ethereum platform, has been an issue that continues to be discussed so far. but there has been no improvement even though they have tried to do it, the last news is waiting until July, but whether it can reduce it, there is no guarantee.
With the increasing price of ethereum, the problem is not getting more resolved but increasing, there is no other way, so many have done it by changing to other platforms and other alternatives.
as long as for the common interest and reduce high costs any way can be done and there is nothing wrong with doing that as long as the goal is to improve and at least there can be alternatives that can be used. because no one wants what is obtained in the end can not be received as well as possible because of high costs.
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So what is the best solution? Just wait? Ethereum miners are not interested in fees reduction. Large and wealthy traders and investors does not care about fees, they either buy and hold, or deposit/withdraw crypto few times per day.
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So what is the best solution? Just wait? Ethereum miners are not interested in fees reduction. Large and wealthy traders and investors does not care about fees, they either buy and hold, or deposit/withdraw crypto few times per day.
Exactly, the only thing we can do is wait for July. Of course, miners don't want transaction fees to be lowered, it's more money for them, but from July they will have no choice but to accept reality or accumulate as many coins as possible by the time ETH 2.0 is released and they can use PoS. Little fish like us have to wait.
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So what is the best solution? Just wait? Ethereum miners are not interested in fees reduction. Large and wealthy traders and investors does not care about fees, they either buy and hold, or deposit/withdraw crypto few times per day.
Exactly, the only thing we can do is wait for July. Of course, miners don't want transaction fees to be lowered, it's more money for them, but from July they will have no choice but to accept reality or accumulate as many coins as possible by the time ETH 2.0 is released and they can use PoS. Little fish like us have to wait.
I wonder if miner understand that with high transaction fees they kill low budget traders and investors. Yesterday I have checked how much it would cost to do an exchange on uniswap and it showed that I would be charged for $300 for a transaction... I'm speechless.
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I wonder if miner understand that with high transaction fees they kill low budget traders and investors. Yesterday I have checked how much it would cost to do an exchange on uniswap and it showed that I would be charged for $300 for a transaction... I'm speechless.
The miners know perfectly well that they are hurting investors and traders with few funds, but they don't care. When ETH 2.0 is finally released and we can stake our coins the miners will be in a very different position than they are now and I won't mind. It is sad but true, as a song says that I really like ;).
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Due to the high transaction fees on the Etherium platform, various projects are currently moving to other alternative blockchain platforms. Because high gas fees are making the pockets of investors or hunters poor most of the time. So everyone is starting to turn their backs on the Ethereum platform. Why would anyone use the Ethereum platform where the Tron and ELROND platforms charge very little transaction fees. If this problem is not solved, the use of Ethereum platform will be reduced a lot. I hope this problem will be solved very soon.
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There is no best solution yet to reduce the GAS cost of Ethereum transactions because the more on the Ethereum blockchain the more choked up for delivery and the more expensive GAS costs.
Simply put, the more Ethereum type coins are used, the more transactions and the more expensive the transaction fees. I think this is law of POW Coin .
Until now, there is no such thing as the best solution to this problem even though Ethreum already has a type of Ethereum 2.0.
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If everything goes well with the Ethereum platform, sometimes its extra fee transactions can cause a lot of problems.However, occasionally Ethereum's transactions are much normal. So transactions should be done by monitoring Ethereum's platform regularly.
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In most of the projects I see Etherium platform being used more. It is very easy to use and important. Although ATM is easy and important to use, the biggest problem in Ethereum transactions is the non-gas fee. Everyone must be forced to solve this problem because of the excess gas. Everyone's pockets are being cut and their pockets are getting heavier. I hope such problems can be solved very quickly.
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We are waiting for the Ethereum EIP-1559 update, which will reduce huge fees. EIP-1559 will introduce a base fee, which will be determined by the block size. The blocks will have "target" and "maximum" sizes. If the target size is exceeded, the commission will be increased, and users who are not ready to pay can simply wait for a certain number of blocks.
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The solution for Ethereum to be able to lower its fee fees is not to move much Etheruem on the bockchain and erc20 tokens so that the Ethereum blockchain network is not congested.
The denser the Ethereum network, the more expensive the transaction costs will be because it collides with one another when we are sending Ethereum or tokens from erc20.
This is only my opinion and not financial advice , so becarefull with cryptocurrency for life better .
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At present, the transaction fee from Ethereum platform has been reduced a lot, now it is much less than before. Etherium is an advanced platform which has made this platform the most popular among all. So the Etherium platform is a good quality platform.
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Ethereum gas fees have been low for some time, but have not diminished. Ethereum gas fee costs have increased but it is becoming impossible to sell talking because of the additional gas fee costs currently being incurred. But if you can work according to your solution, then the amount of gas fee should be less.
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At present the gas free of the etherium platform has been greatly reduced. Transaction free on Etherium platforms is now much lower than before. Etherium is a popular platform due to which its popularity is increasing day by day and it is very easy to invest from this platform. So now there will be no problem with any etherium solution as the etherium gas free has been changed completely.
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Investors and traders have been temporarily deviating due to Ethereum's excess gas, but are now paying a little more attention to other platforms, so Ethereum will not be able to hold its own in the near future unless the Ethereum authorities take action.
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Very soon Etherium gas fee will be drop to cent. If nit than it will loss vale of investor
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Very soon Etherium gas fee will be drop to cent. If nit than it will loss vale of investor
Why would Ethereum transaction fees would cost 1 cent? Any proof of that or you are just guessing? It is still to long till London update release and I doubt that it will help. As long as miners earn a lot from broadcasting transactions, fees wont cost 1 cent.
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At present, the price of etherium gas fee has gone down a lot. I completed a transaction with just two dollars yesterday. I think the price of etherium is lower now and the gas fee is going down. When the price of etherium goes up, the gas fee will go up again.
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Ethereum's gas fee was increased. At present gas fees go up and down a lot. I think the extra gas fee is expensive for most transactions. So the level of transactions on this platform suddenly dropped a lot. But now that ethereum's transaction fees have dropped significantly, the volume of transactions is increasing again. Thus ethereum is becoming a popular currency. The demand for tokens and transactions on this platform is increasing all over the world.
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I think there is a solution, check the transaction fees on Sundays and Mondays, they are way less expensive than the other days, I do not know the reason behind that, but you can check yourself.
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Since the bullish period began, the ethereum network fee was not controlled... it is not possible to determine how much fee we have to spend and the higher the ethereum price resulted in the high fee price that we have to spend... for some reason the fee problem has not been resolved until now... .I better wait to send my tokens than I have to pay a very high fee...
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If we observe the price movement of Eth Gas Cost, the actual price is fluctuating. It's not always high, so for me, we better wait for Eth Gas Price to go down if we want to make a transaction. I think it is the best solution to overcome these high Eth Gas costs.
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If we observe the price movement of Eth Gas Cost, the actual price is fluctuating. It's not always high, so for me, we better wait for Eth Gas Price to go down if we want to make a transaction. I think it is the best solution to overcome these high Eth Gas costs.
It's the same as my strategy, I prefer to wait for the ETH fees to go down better than spending too much money paying fees to the miners, but I hope Ethereum team find a solution soon.
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We once saw that the price of etherium gas had dropped. But after a while, the price of gas was rising again. People were so annoyed that it became impossible to work for gas free. That's why I think gas fees should have been lower.
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Ethereum is the second most popular coin in the cryptocurrency. But the Ethereum price, despite being the second most popular coin, has not risen as much as Bitcoin because of the additional Ethereum transaction fees. But at present the price of Etherium is increasing due to the reduction in the transaction fees of Etherium.
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We once saw that the price of etherium gas had dropped. But after a while, the price of gas was rising again. People were so annoyed that it became impossible to work for gas free. That's why I think gas fees should have been lower.
There is a very important point that many forget about it, Ethereum high and very high fees do not affect the big traders who have a lot of money, when they make a transaction of 100k or 1mil. Paying 60$ for example is not too much for them. In contrast, high fees will affect the small and very small traders.
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But the Ethereum price, despite being the second most popular coin, has not risen as much as Bitcoin because of the additional Ethereum transaction fees. think the price of etherium is lower now and the gas fee is going down.
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Ethereum gas fees have been costly in the past which is why it is now resolved. The Binans smart chain is now the least costly cryptocurrency compared to the past. If A Binance is brought to the smart chain platform then the cost will definitely be much less.
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At present the gas free of Ethereum platform has been reduced a lot. Already much less gas free is required on this Etherium platform. Now the maximum amount of gas free has been reduced on the Ethereum platform. So I don't think there will be any problem to invest from Ethereum platform now.
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Now Ethereum gas fees are very low, I think Ethereum devs have to consider this as an opportunity to resolve ETH high fees in the future, and avoid what happened in the last six months.
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Commissions have decreased significantly in recent days as the number of traders has decreased because the markets are broken. If the markets improve again, there may be an increase in commissions. The Ethereum team has yet to find a solution to prevent congestion in the network. One reason: the market is corrupt and the number of transactions is low.
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I think now Eth gas fees are registering their All Time Low, I think they will remain low during all the bear market. What do you think guys ?
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They have already reduced the gas free of the Ethereum platform and now it takes a lot of gas free . The problem with Etherium is that it is transaction free which has already been resolved. And Etherium platform investors are growing more and more day by day so it is a popular platform that will go much further in the future.
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They have already reduced the gas free of the Ethereum platform and now it takes a lot of gas free . The problem with Etherium is that it is transaction free which has already been resolved. And Etherium platform investors are growing more and more day by day so it is a popular platform that will go much further in the future.
I don't know who you mean when you say "they". Ethereum transaction fees are not controlled by a single person or the #DevelopmentTeam , the fees go down when the network is used less, if there are fewer transactions, the cheaper the fees will be. In a few weeks, a hard fork will change that and transactions will always be cheaper, at least that's what the developers say.
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The cost is less than half of what it was a few days ago. Now the amount of gas fee has come down a lot. Now it is much less costly to transfer tokens which is why there is little benefit in transacting in cryptocurrency. There is no additional gas fee at present and now there is less cost.
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The gas free of the Etherium platform used to be plentiful a few days ago which caused a lot of problems among investors. However, at present the level of gas free of Ethereum platform has been reduced a lot And Etherium Extra Gas Free Now they have repeated that solution. So now there is no problem with gas free of Ethereum platform now it is very easy to invest in Etherium platform.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
I think Ethereum gas fee is lower now. You can do transactions now.
But I see many investors already hold their coins, didn't trading and just wait the market progress.
Me too.
I think wait and see.
Hopefully market will improve again soon.
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Ethereum gas free is becoming more and more normal nowadays.Even a few weeks ago, Ethereum gas was free However, Ethereum gas is now much less free than that.Hopefully Ethereum gas problem will be solved more quickly The Ethereum platform is very popular and the transaction free will definitely solve the problem.
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It was the high commissions of the Eth blockchain, which reached the level of about $70, that caused a massive exodus of investors in search of alternative networks with lower costs. This problem can be finally solved only with the transition to Eth 2.0. Now low commissions due to low network load, but if the load increases, high commissions will return.
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Ethereum gas free is becoming more and more normal nowadays.Even a few weeks ago, Ethereum gas was free However, Ethereum gas is now much less free than that.Hopefully Ethereum gas problem will be solved more quickly The Ethereum platform is very popular and the transaction free will definitely solve the problem.
Yes, I see. Ethereum gas is lower now.
So , I think Ethereum gas fee hasn't problem again.
We can do trading or transaction again.
At last month Ethereum gas fee is so high, but I think It because the Ethereum price is high.
Today we will see Ethereum price is low, gas fee also low.
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Ethereum transactions are slowly starting to come to a much more tolerable level. Gas fees on the Ethereum platform had increased so much a few days ago that Ethereum platform users were suffering from bison depression. And most investors were tempted to move to another platform where there are lower transaction fees. However, due to the fact that gas free has been reduced a lot, many people have started coming to the Etherium platform again.
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The Ethereum platform is the most popular and powerful platform. Most projects were conducted on the Etherium platform. In this opportunity, the transaction fee has gradually reached the highest level on the Ethereum platform. Which would easily snatch everyone's pockets. However, at present this problem has been solved to some extent, but at present the transaction fee is much lower on the Etherium platform.
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For some time the Ethereum gas fee was the biggest hurdle. Tokens cannot be transferred because of the high cost of etherium gas fees. The amount of gas fee is more expensive than the token with which I used to sell tokens. So the biggest obstacle was the gas fee.
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For some time the Ethereum gas fee was the biggest hurdle. Tokens cannot be transferred because of the high cost of etherium gas fees. The amount of gas fee is more expensive than the token with which I used to sell tokens. So the biggest obstacle was the gas fee.
The price of Gas ETH has dropped a lot in the past, and we can send tokens at that time. Actually, the high price of Gas is indeed a big obstacle, but it is important to know that the price of GAS Eth is not always high. So make sure we check it first before we make a transaction.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
I think no solutions yet, because ETH high fee is big problem for trader and investors.
Several projects migrated to BSC, but in my opinion It's not good solutions.
ERC20 market is bigger than BSC.
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Honestly there is a ways on how Ethereum solutions high fees because it can destroy to all bounty hunters and investors if the ETH will continued high fees but for me it is not a good image right away how comes the transactions will goes into gas fees and I think it will change into a small fees for the people joined in cryptocurrencies.
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At this moment, the price of Ethereum coins has fallen to below $2K, therefore the price per transaction will be cheap. The most solution while waiting for ETH 2.0 to come is when sending Ethereum, there is a function of self-setting the gas price therefore we could save more gas when we set it to low but not the lowest otherwise your coins may get stuck in the network.
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ETH gas fees aren't expensive anymore because the people who are transferring their ERC20 tokens are not as many as before. Just check again how much the price of ETH or ERC20 gas fees is. It is only about 16 Gwei and usually the price of ETH or ERC20 gas fees is below 20 Gwei currently. There is no need for a solution for ETH/ERC20 gas fees now, there is no problem with the price.
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ETH gas fees aren't expensive anymore because the people who are transferring their ERC20 tokens are not as many as before. Just check again how much the price of ETH or ERC20 gas fees is. It is only about 16 Gwei and usually the price of ETH or ERC20 gas fees is below 20 Gwei currently. There is no need for a solution for ETH/ERC20 gas fees now, there is no problem with the price.
You're right, but only partly from my point of view. Right now that problem does not exist, but if we were in a bull run it would be a problem again, a solution is necessary. The solution to this problem is called "London", a hard fork that will be integrated into the Ethereum network during the month of August, after integrating the hard fork, the problem will be resolved permanently.
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There are many ethereum scaling solutions existing already.
I personally like Polygon/Matic with its plasma child chain.
And there are other layer 2 solutions coming, like Optimism with its rollups tech.
All these will enable lower transaction costs, as they are not happening directly on mainnet.
At the same time they will help reduce congestion on mainnet, as existing and new projects can use them and thus cool down gas prices a bit.
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The definitive solution (London hard fork) will be implemented on the Ethereum network between August 3 and 5. That's what Tim Beiko, an Ethereum developer, has said on his blog. If you want more information you can find it at this link: https://blog.ethereum.org/2021/07/15/london-mainnet-announcement/
Starting August 5, transaction fees will be much cheaper, according to information from developers. Hope to see if it really works as well as they say.
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The definitive solution (London hard fork) will be implemented on the Ethereum network between August 3 and 5. That's what Tim Beiko, an Ethereum developer, has said on his blog. If you want more information you can find it at this link: https://blog.ethereum.org/2021/07/15/london-mainnet-announcement/
Starting August 5, transaction fees will be much cheaper, according to information from developers. Hope to see if it really works as well as they say.
thanks for the link.
I'm looking forward to this too. But I'm a little skeptical about the magnitude of its impact.
It sure will improve things, but for the definitive solution we still will have to wait for Ethereum 2.0 (for which London is helping paving the way).
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Recently, with the recovery of the market, gas fees increased again after a period of decrease to 10 gwei like last month. Hopefully the August update will change this and bring gas back to 3-5 gwei. DeFi is the main driver of the market, so I hope Ethereum doesn't miss this bull run.
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thanks for the link.
I'm looking forward to this too. But I'm a little skeptical about the magnitude of its impact.
It sure will improve things, but for the definitive solution we still will have to wait for Ethereum 2.0 (for which London is helping paving the way).
You welcome. I understand you, I am not sure it is a "magic" solution as we have been told in many places, but at least I think it is nice to see how they advance in the search for solutions. There are only a few days left until the block that will load the hard fork arrives, so we can really discuss what it does and if it really works or not.
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There is no instant and easy solution for this one, many things already try but all will answered by eth developer itself. We can mention about doing transaction in low fees hour, use stable coin, change network or wait until 2.0 release which one better is up to you. I choose to wait and playing asset in btc, swap into eth for saving, this move will do because eth developer still try with 2.0. Eth still have chance to grow up so saving with btc is my final answer.
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Today "London" is integrated into the Ethereum chain. What I have not been able to find anywhere is whether the alleged improvements will be noticed immediately or will take some time. From what I see at the moment everything is the same, we may have to wait a few hours, but I'm not sure. If anyone has more information, I'd appreciate it if we could share it here, to be able to comment on the news and how it works for us.
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it hasn't happened yet. Will happin in ~50min
Count down: https://ethernodes.org/london (https://ethernodes.org/london)
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I think ethereum gas transaction fees started this year, and it was because of the bull market we have been experienccing. The gas fee helped in the rise of BSC (binance smart chain), which is good to decongest the ethereum network and bring effective networks competition and further development globally.
Again, if other smart chain networks can come up stronger to competing with ethereum platform, it will heip to reduce gas fees from ethereum network because many will have alternative to launch their projects.
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The London hardfork took place but the gas still did not decrease, as the market became more active and the number of transactions coming from the NFT was causing the Ethereum network to become severely congested. Hopefully the upcoming layer-2 solutions will be adopted and enable Ethereum's speed up to 1K-10K tps.
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It seems that "London" does not improve or regulate transaction fees as we expected. I'm not sure if the community expected much from this hard fork or the developers haven't clearly explained what the hard fork should do after entering the mainnet, but it is clear that it does not affect the transaction fees. We may have to wait longer, but it is clear that when the price of Ethereum rises again, the price of transaction fees will also go up and that will cause more users to search for cheaper chains every day.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
It would be the best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain.
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It would be the best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain.
Since "London" was announced, one of the features that users expected was a significant drop or regulation of transaction fees. After implementing the hard fork on the Ethereum chain, we have seen that absolutely none of that has happened. I hope they can fix it somehow in the near future, otherwise every day there will be fewer users as they will prefer to use other cheaper chains.
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if it is sustainable, of course there is no other solution by following everything that happens by looking at the emerging projects using what platform and if it has started to change it's better to just follow and move all coins with the erc20 platform to a platform that is more accepting and still as good in the transaction.
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It would be the best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain.
Yes, all people expect that the new version of Ethereum can fix the problem in gas fees. But I am not really sure that the problem will be easy to fix because the high gas fees are also influenced by many transactions in the Ethereum chain. How can this be fixed? Vitalik won't decrease the number of transactions in the Ethereum chain. Well, you are right, it is a very expensive fee for a single transaction.
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It would be the best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain.
Yes, all people expect that the new version of Ethereum can fix the problem in gas fees. But I am not really sure that the problem will be easy to fix because the high gas fees are also influenced by many transactions in the Ethereum chain. How can this be fixed? Vitalik won't decrease the number of transactions in the Ethereum chain. Well, you are right, it is a very expensive fee for a single transaction.
Yes, ERC gas fee is so expensive. I also agree with you, I think etehruem 2.0 has not solved this problem more .
Maybe team project doesn't have good solution for this.problem now. So keep wait and gust vitalik and teh team as soon as has good improving for their problem
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It would be the best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain.
Yes, all people expect that the new version of Ethereum can fix the problem in gas fees. But I am not really sure that the problem will be easy to fix because the high gas fees are also influenced by many transactions in the Ethereum chain. How can this be fixed? Vitalik won't decrease the number of transactions in the Ethereum chain. Well, you are right, it is a very expensive fee for a single transaction.
Yes, ERC gas fee is so expensive. I also agree with you, I think etehruem 2.0 has not solved this problem more .
Maybe team project doesn't have good solution for this.problem now. So keep wait and gust vitalik and teh team as soon as has good improving for their problem
What you say is another problem within the problem. The Ethereum team has had enough time to fix the problem caused by the high cost of transaction fees. During that time, many people have been unable to move their tokens, have been unable to make investments, and have been frustrated. Ethereum is still the king of smart contracts, but if the team does not solve this problem, that reign could pass to other chains that each day gain more users.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
Talking about solution of ETH gas fee, we should do transaction at the right time when low gas fee
But It's the matter.
And I see Ethereum 2.0 haven't good solution for this problem.
Hopefully we will see the Ethereum team improve their projects immediately.
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Honestly, the amount of etherium that sits above the network fee, it can be seen from there to suffer a lot of losses. I've been connected to the cryptocurrency world for over a year and have never seen Ethereum's network fees go down. So it is not at all possible to say whether this network will be solved or not. Because when I go to exchange 20 worth of tokens, I see a 32 to 35 network fee. So it seems that there is no solution.
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At present, the price of Ethereum has gone up, but the price of Ethereum Ethereum platform is more gas free, which is why investors have to face a lot of losses. I think Ethereum platforms should reduce gas free in a short time. Then in the future Etherium platforms will be able to go further.
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The Ethereum platform is the second most popular cryptocurrency platform. Now that the price of ether has gone up a lot it is positive for investors in etherium but investors are facing a lot of losses due to high gas. Due to the high gas content of the Etherium platform, this problem is expected to be resolved soon. Etherium will become more popular in the coming days. Etherium platform is my best platform in cryptocurrency.
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I think more and more projects are moving into ethereum because it is easy and flexible. My problem is the huge gas transaction that eats away peoples funds without them knowing how much they have loose in the name of paying for gas fees. the ethereum owner show hasten to open ethereum verson 2.0 which we all know will solve these issues. Maybe the right option is developers to consider migrating to other blockchains with less payment issues. Like tron and ELROND.
I think no solution for ETH high fee.
Etehreum team should have good solution, because we as trader and investors just do transaction on the time.
But I personally several time have high gas fee on ERC 20.
Maybe we can used another smart contract platform such as BSC.
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Currently the Etherium platform is the most backward due to the substantial increase in this gas fee.Currently the Binance Smart Chain platform is moving forward. And its popularity is growing the most. Etherium's popularity has plummeted. However, if the gas fee for the Ethereum platform is not reduced, the platform will lag far behind.
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Ethereum's gas free is much needed now more than ever before The gas fee for the Etherium platform has been doubled compared to the past, which is causing investors a lot of problems. And the investment in the tokens of this platform has also decreased a lot so I think the gas free of the Ethereum platform should be reduced very soon.
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the solution to make ethereum transaction fees cheaper is that the price of ethereum must be cheap and the conditions where the exchange is not crowded because if there are still many people who use ethereum it will make transaction fees very expensive.
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the possible solution is to wait for the time when the fees decreasing. Many people have complained about the expensive ETH transaction fees, but Vitalik seems not to respond well. I assume the high transaction fee, may be caused by the increase of ETH price lately. So, to have low ETH transaction fees, need to wait for the time of ETH price decreasing. We don't know when? It is very difficult to know the price move of ETH.
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Lowering the transaction fee from Ethereum is very difficult because maybe when everyone wants to send Ethereum faster then that person has to increase the Ethereum GAS fee and beat low-cost transactions.
It can be said that when the sender raises the Ethereum GAS fee, the sender who has a low fee is held back because it is the effect of democracy or the owner of the highest GAS fee that takes precedence.
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The solution is gas fee reductions, and I think it is possible for the continue growth of the platform. It may pose some difficulties but not impossible. The miners has to adjust these fees to enhance the further growth and adoptions of ethereum network.
The consequence of holding on the transaction high gas fees may hinder the progress ethereum platform. As a mater of facts, certain platforms has benefitted on this high gas fees by growing their networks, and if it is not reduce(ether fees) many more will switch to low gas fees networks.
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The solution is gas fee reductions, and I think it is possible for the continue growth of the platform. It may pose some difficulties but not impossible. The miners has to adjust these fees to enhance the further growth and adoptions of ethereum network.
The consequence of holding on the transaction high gas fees may hinder the progress ethereum platform. As a mater of facts, certain platforms has benefitted on this high gas fees by growing their networks, and if it is not reduce(ether fees) many more will switch to low gas fees networks.
what you said about the number of people who will switch platforms is already evident from the increasing number of new projects that have now moved to other platforms. because it's clear that they feel a lot of complaints when they have to send tokens with the ethereum platform, it's a very big cost to use. can't avoid that and the only way is to use a platform where the speed is still good and costs can be kept as low as possible.
it's not easy to get rid of people's need for ethereum and so far it still looks good and its market cap is still quite high. but no one can guarantee its sustainability if many will look for other alternatives. at least this is a signal for ethereum to fix it soon and there is no alternative ethereum to do.
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unfortunately eth 2.0 is not completely 100% complete. and maybe this is the impact of that so that the cost of gas becomes expensive because of the density of the network in ethereum. it makes me try to hold back on sharing small transactions.
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Gas fees on Ethereum have returned to the high level, 50-150 Gwei, which has caused many people to abandon Ethereum. EIP-1559 does not help with the transaction fee problem, hope ETH2.0 will be launched soon to serve the crypto community.
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I think from this case there are 2 solutions, the first is that you wait until the transaction fees go down or maybe you can try to make transactions using a different network from the ethereum network, such as the BSC network, because until now there is no more effective way to handle it. the problem of gas fees when transactions on the ethereum network are too large.
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A few days ago we saw that the network free of Ethereum platform was reduced a lot. But once again it is back to its previous position. Currently, much more gas free is required to remove any coin from the Etherium platform.Due to which investors have to face many kinds of problems. This is currently the biggest problem on the Ethereum platform. But I think this problem should be solved very soon.
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From my own experience I am saying that I do not survive a certain time when I make huge transactions from Ethereum platform. Ethereum's gas free at that time is much less. This is because the rate of transactions on the Etherium platform is relatively low during the time when I usually transact. You can use this method if you want.
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Gas fees on Ethereum have returned to the high level, 50-150 Gwei, which has caused many people to abandon Ethereum. EIP-1559 does not help with the transaction fee problem, hope ETH2.0 will be launched soon to serve the crypto community.
Ethereum 2.0.has launched mate, but not completely and didn't have solution for this case.
I think Ethereum gas fee is big problem.
Before many projects will go and migrate to bsc or ADA
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Gas fees on Ethereum have returned to the high level, 50-150 Gwei, which has caused many people to abandon Ethereum. EIP-1559 does not help with the transaction fee problem, hope ETH2.0 will be launched soon to serve the crypto community.
but the question is whether eth2.0 will be able to solve the problem of high gas costs? I don't think it will also solve if the price of ethereum will increase high. the impact of high prices will obviously always have an impact and there must be more solutions.
Ethereum 2.0.has launched mate, but not completely and didn't have solution for this case.
I think Ethereum gas fee is big problem.
Before many projects will go and migrate to bsc or ADA
It's clear that project migration is now very obvious, because almost all projects are already using binance and no one can afford to stop it. the project owner will also find it difficult if the price of gas costs is very high because it will erode his income. not yet as an investor and bounty hunter, of course it will also have a huge impact.
there is only a solution by doing renewable innovations so that prices can be suppressed, because there will still be problems if the price of ethereum is already high.
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From my own experience I am saying that I do not survive a certain time when I make huge transactions from Ethereum platform. Ethereum's gas free at that time is much less. This is because the rate of transactions on the Etherium platform is relatively low during the time when I usually transact. You can use this method if you want.
it is true that the effect of a fairly busy transaction will always make gas costs will automatically increase. waiting for the time when the transaction is low enough of course you have to be patient or you can also see here; https://etherscan.io/gastracker (https://etherscan.io/gastracker) , before you make a transaction, so you can determine lower gas costs.
but it looks like the cost of gas will not change quickly because at this time and maybe in the future the price of ethereum is already high, so it's only natural that the cost of gas will come with a price that is already high. other than that there will be changes that will be made by ethereum itself.
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I think it is better to invest on any token on Ethereum platform, long term investment. Because since there is an additional transaction fee. Again I think investing on these coins is good for long term investment planning. Because people have embraced the cryptocurrency industry. So the price of Ethereum will be great for the long term. The issue of additional gas fees has already been resolved.
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There is no other way to reduce the additional gas fee for etherium unless the etherium authorities take action .Etherium is completely controlled by Smart Contact System. If you want it, you can't control it with any authority.
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Currently, there is a problem in the history platform which is very sad for the investors. In particular, it takes a lot of transaction free to withdraw a token from the Etherium platform due to which no one wants to invest in the Etherium platform. Seems to lose popularity.
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Ethereum is a very popular coin and despite having a platform here suffers a lot for the gas fee.If the gas fee problem was solved on the Ethereum platform, it seems that it could have gained more popularity faster.Even though the demand is huge, gas fees will become more popular if not a problem Bounty Hunters often cannot exchange many tokens for gas fee problems.So we want to solve this problem so that we can use the platform more comfortably.
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Ethereum's additional transaction fee problem is not being addressed in any way.With the rise in the price of Ethereum coins, the transaction fee for transferring tokens on this platform is increasing.I think this problem should be solved as soon as possible otherwise everyone will fall into extreme discomfort.
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There is no other way to reduce Ethereum's excess gas fees. Occasionally Ethereum gas fees are relatively low. However, when trading on a decentralized exchange, you have to face excess gas which is a trade.
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There is no other way to reduce Ethereum's excess gas fees. Occasionally Ethereum gas fees are relatively low. However, when trading on a decentralized exchange, you have to face excess gas which is a trade.
all because of the cause and effect of the trade that occurs and this is normal where when the situation is busy then the price will automatically rise and when it is quiet there will be a decrease.
if you want to see first before the transaction, of course it can also be done by looking at: https://etherscan.io/gastracker
but it seems that if ethereum is the support it will obviously be difficult to find a cheap price if ethereum itself has reached a high price. it looks like the same will happen on other platforms.
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You can try to transact using a different network from the Etherium network,A few days ago we noticed that the network free of Ethereum platform has decreased a lot.But the question is whether eth2.0 can solve the problem of high gas consumption? But it is back to normal.Currently, much more gas free is required to remove any coin from the Ethereum platform.So we want to solve this problem so that we can use the platform more comfortably.
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The problem of ether today is a very high price per transaction and they don't fix it, let's see what happens when they open the platform. If this goes on, most of the Ether projects will have to switch to another BSC platform.