Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: admin on August 24, 2020, 06:22:25 PM
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Ethereum killer app have not yet materialized, but the erc20 token economy is a good thing going for ethereum
thousands of airdrops and bounty distributions every minute ...
But as the transaction fee reaches and surpasses the 1$ per transaction,
projects will reconsider airdrops and maybe some bounties ...
on average an airdrop can reach 2000-10000, is it worth it for any project to spend 10000$ for simply spreading their tokens ?
ICO/IEOs might still do airdrops but i doubt we will see much community tokens in the future ....
Or .... another token platform with better fees will take the leading role from ethereum ...
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The transaction fees this time around is damn high, some of these projects doing bounties/airdrop now are really spending hell of money for transaction fees, to worsen the situation, i received bounty token that the transaction fee value is higher than the value of the token I received. Tron blockchain is doing well regardless because their fees are almost free.
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Ethereum will survive even though the scaling problem is not really solved by additional 3rd party protocols. But the application of Shardings in ETH 2.0 solves this problem more completely. I expect transaction speed to increase from 15 tps to 1000-10000 tps to meet the needs of the users on this flagship platform.
EOS, TRON, WAVES, Cardano, Credits ... all still have opportunities, competition is necessary for the technology to develop and bring more benefits to the crypto community.
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Now there is information that the Ethereum team has taken certain measures to reduce gas charges and this problem can be considered solved for now. OMG's second-tier network was created to support USDT transactions and this has enabled transaction costs to be reduced by up to 70 percent. Now gas charges are returning to normal.
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There are many projects whose budget for bounty hunter is 10,000 dollars. They use the Ethereum platform to distribute their tokens. But even if they were to deliver $10,000, there would be a further $10,000 fee. That's unfortunately a bad thing. Which I think could destroy the platform. I think Ethereum's popularity is declining. Because many ERC-20 tokens are delivered every second. So I think the popularity of this platform will decrease. Projects will start using another wallet. Which is never good for erc20.
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There are many projects whose budget for bounty hunter is 10,000 dollars. They use the Ethereum platform to distribute their tokens. But even if they were to deliver $10,000, there would be a further $10,000 fee.
Very expensive and detrimental to the project owner who has to send a large fee! Is this the reason coins / tokens are delayed to bounty hunter due to high ethereum gas fees?
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There are many projects whose budget for bounty hunter is 10,000 dollars. They use the Ethereum platform to distribute their tokens. But even if they were to deliver $10,000, there would be a further $10,000 fee.
Very expensive and detrimental to the project owner who has to send a large fee! Is this the reason coins / tokens are delayed to bounty hunter due to high ethereum gas fees?
As far as I know, bounty hunters are always accuse of dumping the price of a token/coin, so projects are finding ways to delay or creating a much more preferable payment method for hunters. I am part of previous campaigns that distributed the payments in 3 batches. But yeah, high ETH gas fees today might be one excuse they can use.
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This is indeed a serious problem. With this very high cost I am sure the Crypto project will think again if they want to use the Ethereum platform for their project.
The Bounty and Airdrop Program, which tens of thousands of participants participate in, will cost a lot of money if the Crypto Project is still running on the Ethereum platform.
Unless Ethereum gets tidy up soon, and these expensive transfer fee are over soon.
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Ether gas fee increasing rapidly. It is not a green signal for ethereum. In this platform we see that if any project owner pay any amount of the money to any bounty hunter then his expense will be approximate same amount so here is a great problem to use this platform. That is why people get demotivated by the platform and it will definitely be the downfall of ethereum.
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Ether gas fee increasing rapidly. It is not a green signal for ethereum. In this platform we see that if any project owner pay any amount of the money to any bounty hunter then his expense will be approximate same amount so here is a great problem to use this platform. That is why people get demotivated by the platform and it will definitely be the downfall of ethereum.
No need to panic. The problem with high gas prices has already been resolved. True, I did not make transactions with ethereum or the tokens of this platform, however, many write that after the creation of the second level OMG network, the gas price has decreased significantly. The ethereum team responded quickly to this issue.
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I think the high transaction issue of etherum blockchain will be resolved soon, it is the handiwork of etherum block miners who are taking profits from every angle of transaction sent on the etherum blockchain.
Do you think a wider adoption of trx or dao will give etherum the much needed break?
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It is true that at this time the price of gas for delivery is very expensive and this can be detrimental to the bonty and airdrop project developers, but in my opinion there is no platform that will replace the suitable etherum at this time.
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Ethereum gas fees have started rising. If it continues to grow in this way, the whole cryoto world will be threatened. Because millions, billions of transactions are made within seconds. That is the current amount of gas fee. As a result, the distrubation team, the hunters are being harmed. They are being harmed and many may refrain from these transactions. They are also being harmed, which means I think if the gas fee is not reduced. If this continues, people who use Ethereum wallet will be eliminated. So there is a possibility of declining popularity.
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There is a spread of that token or project. Their tokens are ERC-20 platform supported. So I think most of the tokens are transacted from erc20 wallet. If a large amount of dollars is taken as a ransom for the transactions, then the owners, i.e. the CEO, will suffer a lot in doing the transactions. Because if the gas fee is more than the amount that will be distributed to the hunters, then it will not be possible to transact. Because if the amount of gas fee is high, they will suffer. So I think gas free should be reduced to some extent. It must be considered to increase the popularity of ETH wallet. There are many uses of this erc20 wallet.
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Transaction fees should be considered when transaction fees become high, if ethereum doesn't solve this problem in the future, there is a chance that many projects will choose another coin that has low transaction fees, and minter could be one of those candidates.
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Due to the increase in Ethereum transaction fees, many project teams have decided not to do any more token distrubation. Because no team wants to spend that much to distribute. Due to the tean will suffer losses. The projects are being damaged and the hunters are not paying due to the transaction. The project team is not able to keep its promise. This is bad news for hunters. Many of those who use the Eth wallet of that transaction are giving up. Trying to find other ways of projects. Decided to create a wallet on the website. So I think if these things give a little discount. Then it must be good.
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Yes, this high transaction fee has increased so much that you have to pay a lot of dollars to transfer a token. For example, if a coin has to be transacted, it is seen that 3$ -5$ transaction gas fee has to be paid. People are struggling to transfer tokens. People are facing a lot of losses. And facing many losses. Previously it was seen that a gas fee of 12 to 15 cents was deducted for transferring a token and now a gas fee of 3 to 5 dollars is deducted. Therefore, we are all eager to reduce the Ethereum transaction gas fee, people will benefit a lot.
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I do not think there is any form of downfall for the etherum blockchain, it is widely adopted, utilized and used with its easy and advantageous smart contracts. Hence for a very long time, we are all engaged with etherum one way or the other.
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Yes, this high transaction fee has increased so much that you have to pay a lot of dollars to transfer a token. For example, if a coin has to be transacted, it is seen that 3$ -5$ transaction gas fee has to be paid. People are struggling to transfer tokens. People are facing a lot of losses. And facing many losses. Previously it was seen that a gas fee of 12 to 15 cents was deducted for transferring a token and now a gas fee of 3 to 5 dollars is deducted. Therefore, we are all eager to reduce the Ethereum transaction gas fee, people will benefit a lot.
I'm suffering a lot recently for this high demand of the Ethereum transaction gas fees. Most cases transaction were failed and reverted but lost ETH as well. Its' weird to handle a long time, we want low fees.
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Higher transactions fees already victimed us acutely. I have some coins in my Ethereum wallet but if I transfer it any exchange Wallet, it will cut fees more than coins /tokens value. So i decide that I never transfer it from Myetherwallet.
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Yes high transactions fees is a reason of ethereum price goes down this a bad news of ethereum based many new projects especially new airdrops , bounties I have many airdrop and Bounty tokens but it's transactions fees is higher than token value.
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Yes, reducing high transactions is very important. Because for this high transaction fee today we cannot take coins from one place to another. You have to pay a lot of dollars to transfer. In this we have fallen into a lot of confusion. Not only us but people all over the world have fallen into a lot of confusion. So please wet this transaction is 70 percent down.
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There is no denying, the transaction fees on Ethereum platform are quite high right now. I spent above $2 on a $30 worth of Eth yesterday, that's is too high.
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I also hope this can happen, because the high ETH fees so far have made some investors and traders reluctant to carry out various transactions, hopefully in the future many will take over ETH.
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High transaction fees will be the big problem to invest big in eather. The authority should look at the problem and find out why gas fees so high in ether. If it is continuing day by day the traders will kick ether one day so before the price decline solve the problem
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The high fee incident is serious problem to all small person in crypto who wants to send token from the wallet to exchange. $1 or $2 transaction fee is big enough and hard to believe to exchange the token into $10 or just $50. I hope Eth team will look at this problem and solve soon.
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The high fee incident is serious problem to all small person in crypto who wants to send token from the wallet to exchange. $1 or $2 transaction fee is big enough and hard to believe to exchange the token into $10 or just $50. I hope Eth team will look at this problem and solve soon.
It seems that the ethereum team and Buterin are taking measures to bring the gas level for transactions on the ethereum back to normal as soon as possible. However, it will be in a few more months, or rather in July. Buterin also said that the total renewal period for the ethereum network, which was previously calculated for two years, is being reduced.
Ethereum, although it lost a little in its image due to the problem with high transaction fees, and because of this, this coin now has a delay in price growth, but later it will catch up.
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Ethereum is currently the biggest problem due to the excess of transaction fees. It is seen that the biggest problem of those who do bounty at present is the reason why more champion Etherium platform is not able to do any more transactions. Can actually do but no one is able to transact due to such extra transaction fees. In this way, if the transaction fees continues to increase, but the Etherium price will come down and lose popularity.
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Thank you very much sir for sharing such an important post with us. And I'm very happy and delighted to hear what you've discussed.Then there will be a lot of benefits at the present time and we will be able to transact in a very good way.This is a lot of good news for us.
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There are problems in the ethereum network due to high transaction fees and they are really big. However, at the same time, they are temporary, and in a few months, already in July, they should be resolved as part of the improvements to Ethereum 2.0. Therefore, I do not think that anything will happen to ethereum in this short time. Because of these problems, ethereum is growing relatively weakly in price compared to the rise in the price of bitcoin. However, in the fall, I think this coin will catch up.
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Ethereum's collapse started with a high fee for each transaction.
Lots of investors expressed their grief on Twitter social media and said "they don't want to pay millions of dollars just for the transaction fee from erc20".
I am also disappointed with what they have done with Ethereum so the transaction fee is expensive but yes crypotcurrency is like this and it's actually like this.
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Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.
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Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.
The fact is that very often it all depends on the time of day. At night, the load on the network is much lower and gas charges even fell below 83 gui. In any case, this problem will be resolved in the near future and high commissions will cease to worry us.
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Ethereum killer app have not yet materialized, but the erc20 token economy is a good thing going for ethereum
thousands of airdrops and bounty distributions every minute ...
But as the transaction fee reaches and surpasses the 1$ per transaction,
projects will reconsider airdrops and maybe some bounties ...
on average an airdrop can reach 2000-10000, is it worth it for any project to spend 10000$ for simply spreading their tokens ?
ICO/IEOs might still do airdrops but i doubt we will see much community tokens in the future ....
Or .... another token platform with better fees will take the leading role from ethereum ...
Of course sir you are a right one. The popularity of the current Ethereum platform has declined a lot. People now avoid Ethereum platforms because of the extra transactions on other platforms Accepting. In my opinion, if Ethereum's transaction fees are not normal, then Ethereum platform may lose their popularity.
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Currently, it is difficult to transact small amounts of tokens on the eth platform. It is not possible to make small transactions to increase the additional gas fee. So most users are currently suffering a lot. But it is better to wait for a better time. Such as Ethereum drops.
The fact is that very often it all depends on the time of day. At night, the load on the network is much lower and gas charges even fell below 83 gui. In any case, this problem will be resolved in the near future and high commissions will cease to worry us.
I somehow did not pay attention to the fact that the transaction fees on the ethereum network depend on the time of day. Although this is logical. At night, there are fewer users and the load on the network should decrease.
These difficulties exist, but they are temporary. The ethereum update is ongoing and hopefully these issues will go away from July.
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It will be very interesting to see how the price of ethereum and, accordingly, the commissions within the network will be formed, when we see not only a full-fledged upgrade of Ethereum 2.0, with the transition to POS, but also the burning of a significant amount of commissions, which will make Ethereum a deflationary asset. Based on this, the demand for Ethereum will rise, the price of Ethereum will rise, and it should be borne in mind that along with a decrease in the transaction price, the value of gwei may increase.
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Right now that drop isn't reflected too much in Ethereum's price. But if in the number of users and projects that are "abandoning" it to seek better conditions in the Binance Smart Chain or in the Tron chain. If the solution does not really arrive until July as some developers say, the drop will be tremendous in all respects.
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Ethereum will survive even though the scaling problem is not really solved by additional 3rd party protocols. But the application of Shardings in ETH 2.0 solves this problem more completely. I expect transaction speed to increase from 15 tps to 1000-10000 tps to meet the needs of the users on this flagship platform.
EOS, TRON, WAVES, Cardano, Credits ... all still have opportunities, competition is necessary for the technology to develop and bring more benefits to the crypto community.
Yes i also think so. Ethereum is a really good blockchain. And with update 2.0 it will be able to survive the difficulties it is facing now. The competitors are taking advantage of this. I am eagerly waiting for the ETH 2.0 and hope to see a decrease in transaction fee.
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In fact, the transaction fee is getting bigger and bigger. We can see how much the gas fee right now, it is always more than $8 per transaction even at the low speed. Well, I don't know whether Ethereum will solve this case or not. But the fee has really made many people hate ERC20 tokens
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@Bit this situation has not only caused what you say. Many users are also abandoning Ethereum in favor of BSC or Tron, much cheaper and faster. I find it incredible that after all the years of Ethereum development no one was able to see the problem and look for a solution before it happened. If it really is resolved in July, a lot of people will go back to using Ethereum, but if it is not fixed...
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Yes sir you have given us the correct information. Because at present the gas fee is increasing in such a way that the token cannot be transferred. The token costs three times more than what we will sell, due to which we cannot sell the token. In all cases the etherium gas fee is three times the cost.
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If it is serious and will happen, maybe it is after the launch of Ethereum 2.0. In facts of ar until now, the fee gas is getting higher and higher again. We can not see how the ERC20 tokens will be valuable enough if the gas fee is getting higher again. I personally feel really bad about this problem
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It's May be a good point about Ethereum price remaining constant, now a days most of the projects are launching on BEP-20 and trading appears on pancakeswap. Because pancakeswap basics trading system on Binance smart chain plafrorm.
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What I've been wondering for a few days is what will happen when Ethereum goes PoS. The miners will stop receiving their income, and unfortunately that makes me think that this situation is going to last too long. I find it hard to believe that we are still like when this problem started, with no solution.
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What I've been wondering for a few days is what will happen when Ethereum goes PoS. The miners will stop receiving their income, and unfortunately that makes me think that this situation is going to last too long. I find it hard to believe that we are still like when this problem started, with no solution.
The fact is that the situation with the transition to the POS consensus algorithm will only change for the better. The fact is that not only miners will stop receiving income and, accordingly, increase the cost of transactions, but also burning the ethereum that paid for the transactions will only increase the value of ethereum in the cryptocurrency market.
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It's May be a good point about Ethereum price remaining constant, now a days most of the projects are launching on BEP-20 and trading appears on pancakeswap. Because pancakeswap basics trading system on Binance smart chain plafrorm.
Yes, I think binance smart chain will be good alternate platform beside ERC20. Because I see ERC20 gas fee is so high, I hope the team will have good solution for Ethereum, because BSC will replace ERC20 soon
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Yes sir you made a right point. Currently the Ethereum platform is set to lose their popularity. In the past most campaigns used the Etherium platform but now The Ethereum platform is being replaced by the Binance Smart Chain platform. It seems to me that Ethereum is losing its popularity due to over-transactions.
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Personally, I don't think Ethereum is going to be forgotten and both users and projects abandon it overnight. If it is true that it is losing a lot of popularity in favor of BSC and Tron, but Ethereum will not disappear, when the current problems are solved and ETH 2.0 is finally released I am sure that Ethereum will be born again. But the truth is that now it is giving us a lot of problems, and if people find alternatives, which exist, they may not use Ethereum again, who knows.
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The biggest problem with the Etherium platform is the extra transaction fees.These transaction fees have now increased the most.Earlier the transaction fee was not so high. But over the last 2-1 months these transaction fees have risen sharply.Everyone is suffering from the problem.I can't pay the token sale for the transaction fee even though I have the token in my wallet.Selling a token if the income is 50$ It turns out he has to pay a 25$ transaction fee. It costs more than we earn.
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Yes, Ethereum will lag far behind due to high transaction fees. Can't Go Back Allready backed up. People are now moving from the Etherium platform to the Binance smart chain platform. All current projects are now moving towards the Binance Smart Chain platform. However, if the Ethereum source transaction fee is not withdrawn, the Ethereum platform will lag far behind.
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Yes sir Most gas free on etherium platforms It takes.Due to which all investors and users Can't deposit any token as they like.It is seen that additional gas free is required to make the deposit.If it feels like gas free then of course in a few days Etherium platforms will lose their popularity.
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@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.
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This is the reason why many bounties are now using the TRX and BSC platforms, because if using the ERC20 platform it will cost a lot of money when distributing tokens to bounty hunters, a very large fee will give many losses to the bounty project. I think TRX and BSC are new options for a project if don't want to incur large costs
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@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.
Lets imagine Ethereum team solves high transaction fees issue. Do you think that people will migrate back to Ethereum or will keep using BSC further? There is also a chance, that with time, something similar to swaps with high fees appear on BSC; and would say a huge chance. I think that BSC will repeat the destiny of ETH with both, positive and negative cases.
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@HashTags that is the main reason why people (users and teams) have gone to use the Binance Chain (BSC), it is cheap, fast and backed by the largest exchange in the world. That is also the reason why the Binance coin is increasing in price so much. If finally the Ethereum problems are not solved in July, as the developers say with the hard fork, I think Ethereum will lose more and more with each passing day.
Lets imagine Ethereum team solves high transaction fees issue. Do you think that people will migrate back to Ethereum or will keep using BSC further? There is also a chance, that with time, something similar to swaps with high fees appear on BSC; and would say a huge chance. I think that BSC will repeat the destiny of ETH with both, positive and negative cases.
I don't know if people would use the Ethereum chain again, what if most of the projects migrate to BSC, for example, and it works flawlessly?. Why would they use Ethereum again?. Also, I don't think what is happening to Ethereum will happen to BSC in the future, Binance developers know very well that they cannot make the same mistakes as their biggest competitor. I think Ethereum will be used less and less after the current problem, but I can logically be wrong.
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From what we see, indeed it could happen, ethereum will lose trust and peoples will migrate to another network... after that maybe ethereum will be able to fix their problem, but it will already be abandoned by many people... currently many people still use ethereum because many of the tokens they have are based on the ethereum network, and peoples may be forced to pay large fees to transact ...
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@Chiblex I've also thought that on occasion, but it's never entirely clear to me. I think if users and teams find better options like BSC, for example, why would they go back to Ethereum?. Maybe they will continue to use Ethereum until they have sold all the tokens they have on that chain and then stop using it, it may sound sad, but it could very well happen since people are so tired.
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I agree with you that ether gas fee behind the downfall of ether but there is no headache for the ether authority about it. However, it is certain that ether will not be able to survive in market in near future. At present most of the transactions are being done Binance Smart Chain
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I think the Ethereum community is working indifferently at the moment. Even though Ethereum's popularity has dropped so much, they are not taking any action on this issue. Ethereum's popularity has declined, however One of the reasons for its declining popularity is the extra transaction fee.However, if they do not pay attention to this issue, then maybe their popularity will lose more.
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Yes, you are right, if the Ethereum #DevelopmentTeam doesn't immediately address the problem of high gas fees, I believe Ethereum's popularity will plummet even further. Especially now that many smart blockchain platforms are starting to emerge and many new projects are using it. Due to low gas fees.
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I believe they already scheduled July the proposed EIP 1559 its for eth fees market reform which promise to solve the ongoing problem most especially the very high fees on every transaction on eth chain if by July still not solved this issues the only hope I can see is the eth 2.0 upgrade but still its in the process and it takes years.
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@ice18 I agree with you. But anyway, even if the whole problem is solved in July, it seems to me a lack of respect towards users. In my opinion, such a large community cannot be practically paralyzed (only whales can work with ease) because they cannot move their funds. Ethereum developers should have something so important in mind.
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To this point the up rising of Binance Smart Chain will dominate the market in terms of airdrops, campaigns and lots of projects will adopt the BSC network as it has a low fee for transactions. If the awaiting of June for the ETH 2.0 is what will determine the reduction in the transaction fee, then the ETH Smart Contract has lost the battle. The competitive nature in the crypto space has no time to leave as waist, cause that same time is needful for another project to utilize and make effective use of it. As new projects has brought forth new technologies in terms of transactions, the smart ones move in to adopt it.
I only wish that the ETH 2.0 will have a useful feature to keep it at its position, cause the competition in the market is growing everyday and with every new project.
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as soon as the asset rises in price, then the commissions within the network will rise too. this applies not only to Ethereum, but also to binance Smart Chain , as well as Tron. It is worth observing Tron transactions, which recently were worth nothing, and today their value has also increased.
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there is a good thing when Ethereum's transaction fee rates increase. that is, ethereum prices will increase even higher.
because when fees are low, many new projects will emerge and stand on the ethereum platform. And of the many new projects there are 80% of them are scams and just throw away too much ethereum and cause prices to drop even more.
but when the fee price was high, some projects with deceptive objectives did not dare to set up projects on the ethereum platform.
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Transaction fees are very high like this. Who exactly benefits ?! Ethereum miners or who, because this is just outrageous, these high transaction fees will really knock Ethereum down.
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today I want to make a one token transaction, but after I saw the fee transaction it shocked me, because I have to spend at least $ 58 for one transaction... and I thought it was too high, therefore I decided not to send my token because I have to pay a lot of money for one token that I send. I think it's too big and very detrimental to send tokens on the ethereum network at this time ...
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~snip~
I still have ethereum and some new tokens from the airdrop, nothing I can do but some new projects have proven to make payments and I was surprised to see that, like the one in your post, they give gifts to users who took part in the airdrop, maybe the developers have a lot of money, but I don't think I will send a $ 10 token at a $ 10 fee. It will cost me a lot :o
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The Ethereum community was largely indifferent to the issue of their extra transaction fee.However, for some time now, it seems that Ethereum's free transaction has become somewhat affordable. Because yesterday I did a token transaction from the Ethereum platform where there is a lot of transaction.I did not high transaction fee.
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@Trumpet I think that not the whole community is indifferent to this problem, users with sufficient funds will be indifferent because they do not care about the cost of transactions, but for users with little money, it is a big problem when they want to send their tokens, and users with little money are also part of the Ethereum community.
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Ethereum killer app have not yet materialized, but the erc20 token economy is a good thing going for ethereum
thousands of airdrops and bounty distributions every minute ...
But as the transaction fee reaches and surpasses the 1$ per transaction,
projects will reconsider airdrops and maybe some bounties ...
on average an airdrop can reach 2000-10000, is it worth it for any project to spend 10000$ for simply spreading their tokens ?
ICO/IEOs might still do airdrops but i doubt we will see much community tokens in the future ....
Or .... another token platform with better fees will take the leading role from ethereum ...
True the high gas fees is really killing Ethereum Network, since it cost a out $50 per transaction now so many projects have decided to launch on Binance Smart Chain instead, so that their investors won't be bothered about those insane gas fees, if the ETH 2.0 doesn't come out soon enough, Eth might lose its spot to Binance Smart Chain I just hope they release it soon.
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True the high gas fees is really killing Ethereum Network, since it cost a out $50 per transaction now so many projects have decided to launch on Binance Smart Chain instead, so that their investors won't be bothered about those insane gas fees, if the ETH 2.0 doesn't come out soon enough, Eth might lose its spot to Binance Smart Chain I just hope they release it soon.
I think there is no definitive date for ETH 2.0 yet. That is why the developers are trying to fix the current problem with the release of a hard fork in July. I honestly don't understand how it can take so long to solve something that affects so many people. They take too long and users and new projects won't wait.
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In my opinion if ethereum transaction fees is still maintaining high then we can see the downfall of ethereum in the future. The Binance smart chain will take it over because many tokens were migrating Binance Smart chain this is trendy now.
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ethereum transaction fees are very high which is a good thing for Ethereum price growth. because every new project based on ethereum or erc20 will think more deeply before executing the project. because if the project does not go as intended, it will only lose a lot of money by distributing some high-cost transactions.
look at the current Ethereum price continues to rise every day and maybe the price will continue to increase
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Ethereum is not affected by these high transaction fees, instead the Ethereum price will increase because Ethereum becomes an expensive coin. The concern is Ethereum-based tokens, because high transaction fees make people lazy to glance at tokens from the Ethereum platform. I hope that things get better soon and Ethereum transaction fees are back to normal.
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It has been a long time since ethereum paid attention to the problem of fees, the fees that we have to spend are too high and many people have lost due to very high fees, even failed transactions, ethereum still take fees... myself prefer to wait rather than sell tokens and pay fees high fees for sending multiple tokens...
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Ethereum has to think about things like this because Ethereum also has to stay in the cryptocurrency market so it doesn't fall.
There are so many events that are given by Ethereum to be able to reduce transaction fees, namely Ethereum 2.0, then the Berlin Hard fork and various things related to Ethereum must be able to reduce transaction fees.
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That's true @jonathancool220. The BSC and Tron chains are receiving users and projects every day. I cannot understand how Ethereum developers remain indifferent to a disaster that affects so many people. The hard fork that is supposed to solve these problems could have run on the Ethereum network in an earlier block and not leave everyone waiting until July.
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Etherium coins currently cost a hefty transaction fee. It costs more to sell than a token. It costs more to transfer tokens than can be found by selling tokens. In this way, if it continues for a long time, people will transfer more tokens.
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Yes sir you are right. Sometime in the middle we have seen that it has lost a lot of popularity only because of its extra gas fee. People have opted for finance smart chain platform by abandoning their platform. However, I have been noticing for some time now that Ethereum's transaction fee has become much more normal. Hopefully this is how Ethereum's transactions fee.
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As we can see already many years, the high transaction fees on the Ethereum blockchain did not affect Ethereum in any way, but on the contrary, the Ethereum price only grew and cryptocurrency transactions through the Ethereum blockchain became more and more, and therefore, even the cosmic prices for transactions through the Ethereum blockchain will not in any way reduce the popularity of the Ethereum blockchain.
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The gas field costs a little for Ethereum gas free transactions. If you buy and hold this token, it will be much better in the future. That way, if it continues for a long time, people will transfer more tokens.