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Author Topic: Solution for ETH high fees  (Read 19480 times)

Offline Widecoin

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Re: Solution for ETH high fees
« Reply #210 on: August 20, 2021, 09:09:55 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.

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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Re: Solution for ETH high fees
« Reply #210 on: August 20, 2021, 09:09:55 AM »

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Re: Solution for ETH high fees
« Reply #211 on: August 20, 2021, 11:16:18 AM »
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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Offline yohananaomi

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Re: Solution for ETH high fees
« Reply #212 on: September 13, 2021, 02:44:30 PM »
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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Re: Solution for ETH high fees
« Reply #213 on: September 15, 2021, 11:51:01 PM »
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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Re: Solution for ETH high fees
« Reply #214 on: September 19, 2021, 03:47:14 PM »
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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Re: Solution for ETH high fees
« Reply #215 on: September 21, 2021, 05:55:51 PM »
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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Re: Solution for ETH high fees
« Reply #216 on: October 09, 2021, 10:20:19 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.

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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Re: Solution for ETH high fees
« Reply #216 on: October 09, 2021, 10:20:19 AM »


Offline bmw1

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Re: Solution for ETH high fees
« Reply #217 on: October 11, 2021, 11:47:18 AM »
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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Re: Solution for ETH high fees
« Reply #218 on: October 11, 2021, 02:22:26 PM »
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.
« Last Edit: October 11, 2021, 02:32:45 PM by Mahindra »
Mahindra

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Re: Solution for ETH high fees
« Reply #219 on: October 12, 2021, 09:09:37 AM »
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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Re: Solution for ETH high fees
« Reply #220 on: October 12, 2021, 02:50:37 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.

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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Offline EAA-ALLAH

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Re: Solution for ETH high fees
« Reply #221 on: October 14, 2021, 11:21:14 AM »
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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Re: Solution for ETH high fees
« Reply #222 on: October 14, 2021, 02:32:19 PM »
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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Re: Solution for ETH high fees
« Reply #224 on: October 16, 2021, 11:58:18 PM »
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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