Expensive Transaction fees in Both Bitcoin and Ethereum are sign of failure!

[legend45]

It must be taken into account that bitcoin and ethereum were the first cryptocurrencies and were not designed for such a large audience of users as they are now. However, in order to be competitive, each cryptocurrency must be updated and improved on time. The developers of ethereum delayed updating the ethereum network and therefore it is now losing its popularity. I hope that with the completion of the update within Ethereum 2.0, the ethereum coin will solve the problems with scaling and high transaction fees and return the shaken position of the altcoin leader.

I think Ethereum Dec didn't have good solution for their problem, high transaction fee
Many investors believe about Ethereum 2.0, but not yet

[Callisto]

I just don’t understand how else the community pays such huge commissions in these networks, and in principle it often happens that the transaction does not go through and the commission is withdrawn, it generally looks like some kind of swindle. There are a bunch of networks that take a minimum commission for a transaction, they just don’t have that hype like in the old networks of Ethereum and Bitcoin.

[mahadev]

I just don’t understand how else the community pays such huge commissions in these networks, and in principle it often happens that the transaction does not go through and the commission is withdrawn, it generally looks like some kind of swindle. There are a bunch of networks that take a minimum commission for a transaction, they just don’t have that hype like in the old networks of Ethereum and Bitcoin.

I think transaction fee  depends on traffic and the price of Ethereum.
I personally don't believe Ethereum Dev has good solution because I see the high gas fee is still high til today

[Noverteno]

I agree, wholeheartedly. The high transaction fees of these blockchains is a sign of failure. Plain failure. That is stopping Ethereum and Bitcoin from being a media of transaction or a store of value. I hope they fix it some day

Bitcoin and ethereum were the first cryptocurrencies in this market and they were not designed for such a large current number of transactions. With an increase in demand, these coins simply need to be updated in a timely manner in accordance with the requirements of the time, and then there would be no problems. Therefore, I do not consider high transactions in these networks as a sign of their failure. Ethereum, albeit very late, solves these issues and transactions in its network have already dropped to acceptable sizes. But the same cannot be said for bitcoin. Despite the still high demand, this coin is very poorly updated, so it can expect failures in the future.

[Afony]

If these projects have such a problem and in the future everything will be difficult for them with transactions, this does not mean that these projects will go into the background. Although now the market has fallen so much, transactions on the network have decreased by a very low amount.

[ashraf786100]

The network fees for Bitcoin and Ethereum are extremely high. Polygon and Solana, as network projects, must have outstanding assets to keep them going till the next bull. I also see that they publish a lot of NFT on the network. Now that we are in the NFT period.