Ethereum’s Fees Are Too Damn High

[Pagla]

This past weekend, a crypto investor named Zhu Su fired off a series of tweets about the state of the Ethereum blockchain.

“Yes I have abandoned Ethereum despite supporting it in the past,” he wrote. “Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.”

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Something worth considering before evaluating this claim is that Su’s investment firm, Three Arrows Capital, is betting big on an Ethereum competitor called Avalanche. The value of $AVAX, the network’s native cryptocurrency, recently surged to an all-time high, so it’s possible Su was just riding high in the moment.

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[Astra]

Well, each of us has the right and the opportunity to use the cryptocurrency that is most beneficial for this. I also barely use ERC-20 tokens for a long time due to the high transaction prices on the ethereum network. But I store ethereum for a different reason. I am confident that after the successful completion of the Ethereum 2.0 update, the popularity and price of this coin will grow dramatically.
The ethereum network certainly has this time complexity. But from time to time, the fee is still going down to acceptable values. I think that the attitude towards bitcoin will be approximately the same if it loses the opportunity to grow rapidly in price, because its transaction fees are also high.