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Author Topic: Solution for ETH high fees  (Read 19367 times)

Offline tonymillions84

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Solution for ETH high fees
« on: December 18, 2020, 05:28:08 PM »
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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Solution for ETH high fees
« on: December 18, 2020, 05:28:08 PM »

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Offline dragononcrypto

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Re: Solution for ETH high fees
« Reply #1 on: December 18, 2020, 05:30:04 PM »
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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Re: Solution for ETH high fees
« Reply #2 on: December 18, 2020, 05:38:50 PM »
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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Offline Master107

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Re: Solution for ETH high fees
« Reply #3 on: December 18, 2020, 05:48:14 PM »
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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Re: Solution for ETH high fees
« Reply #4 on: December 18, 2020, 05:56:34 PM »
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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Re: Solution for ETH high fees
« Reply #5 on: December 18, 2020, 06:52:28 PM »
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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Offline disconnectme

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Re: Solution for ETH high fees
« Reply #6 on: December 18, 2020, 07:04:13 PM »
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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Re: Solution for ETH high fees
« Reply #6 on: December 18, 2020, 07:04:13 PM »


Offline Evgenklm

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Re: Solution for ETH high fees
« Reply #7 on: December 18, 2020, 09:15:12 PM »
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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Offline MrSpasybo

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Re: Solution for ETH high fees
« Reply #8 on: December 18, 2020, 09:30:46 PM »
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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Online I-Bit

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Re: Solution for ETH high fees
« Reply #9 on: December 18, 2020, 11:09:31 PM »
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

Offline Nostoman

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Re: Solution for ETH high fees
« Reply #10 on: December 19, 2020, 01:05:26 AM »
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 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

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
« Last Edit: December 19, 2020, 01:16:57 AM by Nostoman »

Offline ranaprime

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Re: Solution for ETH high fees
« Reply #11 on: December 19, 2020, 04:20:13 AM »
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.

Offline TomPluz

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Re: Solution for ETH high fees
« Reply #12 on: December 19, 2020, 06:17:55 AM »
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.

Offline Andruha1993

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Re: Solution for ETH high fees
« Reply #13 on: December 19, 2020, 07:16:58 AM »
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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Offline Baroksz

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Re: Solution for ETH high fees
« Reply #14 on: December 19, 2020, 08:07:28 AM »
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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