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Author Topic: Do you think the extra gas fee is the only obstacle to improving ether?  (Read 10516 times)

Offline Confero

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #90 on: December 28, 2021, 11:04:42 PM »
If we often transact tokens from the Ethereum Blockchain or what we often call the ERC20 token, then we will get used to this Eth Gas fee. For me this is not a problem now, because Eth Gas is really starting to drop, and this is not a problem for Ethereum.  Ethereum will see an increase, even if Eth Gas is high above average.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #90 on: December 28, 2021, 11:04:42 PM »

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #91 on: December 30, 2021, 12:39:06 PM »
If we often transact tokens from the Ethereum Blockchain or what we often call the ERC20 token, then we will get used to this Eth Gas fee. For me this is not a problem now, because Eth Gas is really starting to drop, and this is not a problem for Ethereum.  Ethereum will see an increase, even if Eth Gas is high above average.

Transaction fees have dropped, but lately we see too much difference in a few hours. 24 hours ago they were three or four times more expensive than now, and that makes it impossible for users with less funds to move their tokens. It is clear that Ethereum will not die, but if it continues in this way it will end up becoming a chain only for whales. The fact that Tron has become (for months) the favorite chain to move USDT is a clear example of what I have said.
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Offline Muneeb22

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #92 on: December 30, 2021, 05:49:51 PM »
The extra gas fee is regularly down the value of the ERC20 wallet becasue so many new projects will go to the TRC20 wallet and also to the BNB wallet which is not good for the ERC20 wallet becasue this will effect that.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #93 on: December 31, 2021, 12:03:50 AM »
Ether is a popular and unique name in cryptocurrency world. Who posits at the top. But the amount of gas that has been charged for some time is beyond the expectation of many. People are not even able to transfer their assets due to the lack of additional gas fee. In such a situation do not you think that the excessive gas fee is the obstacle for its improvement?

sure, the excessive gas fee is the obstacle for its improvement..I think Ethereum team should have good improve for their project to reduce the high gas fee. That's annoying.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #94 on: December 31, 2021, 07:19:45 AM »
Ether is a popular and unique name in cryptocurrency world. Who posits at the top. But the amount of gas that has been charged for some time is beyond the expectation of many. People are not even able to transfer their assets due to the lack of additional gas fee. In such a situation do not you think that the excessive gas fee is the obstacle for its improvement?
Gas fees are currently a problem when we trade on Dex and send tokens to the erc20 wallet, we can't send tokens for $ 10 with a gas fee of $ 20, it will cost us a lot of money. i want ether network fee back like 2017 to 2019
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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #95 on: December 31, 2021, 08:08:50 AM »
Ohh, after reading this thread, now I can relate why I have most of the payments in my capital wallet in BTC and few in ETH, but can anyone tell me why this gas fee is only associated with ether and not any other coin? Shall I not accept Ether into my business?

Transaction fees can be more expensive or cheaper depending on the congestion of the Ethereum network among other factors, if you want to know more you can read the following article, it is very useful: https://ethereum.org/en/developers/docs/gas/

Accept or not Ethereum in your business is something that only you should decide, you can ask your customers and also add other chains so that they have more variety when making payments.

Thanks for the link buddy, I will read that.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #96 on: December 31, 2021, 01:53:33 PM »
The transaction of the Ether network is not always high, you can catch the moment for withdrawal, but not always. If they had one price per transaction it would be better for all users.
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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #96 on: December 31, 2021, 01:53:33 PM »


Offline Hisbullah

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #97 on: January 02, 2022, 11:55:13 AM »
Ether is a popular and unique name in cryptocurrency world. Who posits at the top. But the amount of gas that has been charged for some time is beyond the expectation of many. People are not even able to transfer their assets due to the lack of additional gas fee. In such a situation do not you think that the excessive gas fee is the obstacle for its improvement?

Yeah, I think high gas fee is the big problem.
It will reduce the popularity of Ethereum because many projects has migrated to other smart contract platform
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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #98 on: January 04, 2022, 04:37:11 PM »
Dex has been one of the major factors that accelerated the bull run but unluckily, the retail investors couldn't enjoy much because the transactions fee is huge enough to consume the profits they all make.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #99 on: January 07, 2022, 03:55:20 AM »
The transaction of the Ether network is not always high, you can catch the moment for withdrawal, but not always. If they had one price per transaction it would be better for all users.
Of course, it's not always the ether network that will always be high, if you want to see every transaction at https://etherscan.io/gastracker so you can avoid expensive prices. but all bounty hunters seem to have been confused when they get coins with the ether network, because they are usually more expensive than the results obtained.
not even a few Devs have to postpone distribution, waiting for costs to fall.
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Offline Beattysuhita

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #100 on: January 09, 2022, 03:18:19 PM »
Yeah, I think high gas fee is the big problem.
It will reduce the popularity of Ethereum because many projects has migrated to other smart contract platform
For the popularity of Ethereum I don't think it will go down, because we all know that Ethereum is the second coin that has a very large community. Even though there is now a new network, Ethereum is still number one. But I also hope that the usual high cost of Eth Gas can be resolved soon.

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #101 on: January 12, 2022, 07:30:00 PM »
Dex has been one of the major factors that accelerated the bull run but unluckily, the retail investors couldn't enjoy much because the transactions fee is huge enough to consume the profits they all make.

It all depends on the importance that each person gives to their privacy and the country in which we live. If in the country where we live the government legislation clearly establishes that its citizens cannot own or buy cryptocurrencies, we must use any available DEX and pay high transaction fees, if on the contrary, in the country where we live, there is no legislation against, we can use any CEX using our data and paying cheaper transaction fees, although logically some of those things can be mixed.
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Offline Freemind

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #102 on: January 15, 2022, 05:24:06 PM »
For the popularity of Ethereum I don't think it will go down, because we all know that Ethereum is the second coin that has a very large community. Even though there is now a new network, Ethereum is still number one. But I also hope that the usual high cost of Eth Gas can be resolved soon.

I don't think this is a drop in value. But the truth is that it is losing market share compared to other chains. More than 90% of the projects that appeared in the last 6 months have chosen Binance Smart Chain, Tron and other cheaper and faster chains. The developers realized that Ethereum's limitations are not just the problem of high transaction fees, they realized that they are a problem even when it comes to investing, and they don't want to lose potential investors, that's why they use other chains.
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Offline Muneeb22

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #103 on: January 15, 2022, 07:54:43 PM »
Extra gas fee is always lost their future projects and this time so many new projects which is going to the BNB and also to TRX wallet becasue of the low fee and this time so many peoples will like this type of projects and wallets.

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