Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: ranaprime on February 24, 2021, 09:16:20 AM
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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?
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It seems to me that the extra gas fee will make it very difficult for the Ethereum platform to move forward in the future. Because many have already abandoned this Ethereum platform to other platforms One of the reasons for this is that Ethereum is free of additional transactions. If the Ethereum community does not pay attention to this issue, a major landslide on their platform could occur in the future.
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I'm not sure if high transaction fees are Ethereum's main obstacle, but what I do know is that at the moment it is a drag on its reputation. The number of people who are suffering the consequences is enormous and if there is a solution, I think they should do everything possible to implement it in the chain, otherwise the number of users who will look for (and are already looking for) alternatives will be huge.
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I think that this summer the situation with high gas prices should be resolved. The team plans to hard fork London in July this year, which will significantly improve scalability. Today it is already known that it is her USDT via uniswap that takes up a larger part of the Ethereum bandwidth. Developers understand that this problem needs to be solved very quickly.
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if you find gas price too high, set it lower. There has been no problem getting transactions included in within minutes with the lowest 128 Gwei price. at https://ethgasstation.info/ its high of course but we have no choice
price selection could be more intuitive and not hidden under advanced settings in some of the wallet user interfaces
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Excessive high cost of gas is an obstacle for any blockchain platform that is serious about surviving for a long time; so this does not apply just to etherum. Etherum is suffering from its own success of being the hybrid mother to several altcoins; but then it should make its long awaited eth 2.0 to ease the gas fees troubles user experience as it betrays the blockchain ideology
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Judging by the heights to which the price of Ethereum has reached, I do not think that Ethereum has any problems, since expensive transactions do not bother millionaires and billionaires, of course, for most people, expensive transactions on the Ethereum blockchain are a problem, but since the popularity of Ethereum is growing, I do not think that this greatly worries the developers of Ethereum.
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I don't know or whether Vitalic Buterin also doesn't care about it because he has reached his goal and also gets big profits. Well, a gas fee of the erc20 token is damn high and they are likely not going to decrease. So, this will be very hard for to erc20 platform to develop. I am sure that erc20 tokens are decreasing
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Of course extra exessive Ethereum network fees obstacles to improve Ethereum. In this purposes Binance smart chain plafrorm becoming more and more popular. Most of the investors and traders disliking Ethereum plafrorms and preferring themselves into Binance Smart chain plafrorm.
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The problem of the high price of gas eth has been around for a long time, and has been complained of by many people, but it seems that there is no step taken by Ethereum to overcome this, some even say that the price of gas eth will not go down again. It's really sad , because I still have a lot of ERC-20 tokens that I haven't sent to the exchange because of this Ethereum GAS Expensive.
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I don,t think so that they improve that becasue at start they apply the lo gas fee so peoples love the ETH but now they apply so much high fee i personally pay high fee and now i almost transfer my coins to the TRC20 wallet becasue that fee is low.
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I also found myself in such a situation that I could not sell my tokens. And already tired of waiting for the gas price to go down. But it seems to me that soon everything will be restored and will be fine.
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The solution will not come until July @krypto4uvak. That's what I read in an article while looking for information on transaction fees, here I leave the link in case someone else is interested in reading it: https://www.machinatrader.com/ethereum-improvement-proposal-eip-1559-could-launch-soon/
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If you ask a layman who isn't totally convinced about technicalities, he/she will tell you that their major challenges currently with Ethereum is high cost of transaction fee and its true of you ask me. 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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It seems that with this increase in gas fees it will be permanent and will not change back to the way it used to. I see that the gas fee is starting to be hated by many people. will it stay like now? or will there be some other way out?
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The biggest problem is currently at Ethereum Extra gas free.Due to the extra gas free people to Withdraw Can't.Etherium is currently considered a popular and advanced platform However, its gas is much more free.Which is why investors have no coins or tokens Not interested in buying. So in the future if Ethereum's gas is reduced free Then it will be a good one for everyone.
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Yes, The reason Ethereum is not moving forward at present is because of its gas. Excessive increase in fees. At present people are not able to move any coin from one place to another due to this gas fee. I don't think its price is going up because of this gas fee and it has lost its popularity. However, additional etherium gas fees should be reduced very quickly. Otherwise this Etherium platform will lose its popularity one day.
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Recently my the biggest regrets that I can't transfer my digo finance from website to my wallet due to the high exessive network fees of Ethereum. When I ready to transfer digo then Ethereum network required 145 dollars, really panic to me .
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Recently my the biggest regrets that I can't transfer my digo finance from website to my wallet due to the high exessive network fees of Ethereum. When I ready to transfer digo then Ethereum network required 145 dollars, really panic to me .
it looks like my friend's experience has become a complaint from all crypto users because the fees are too expensive, just to move it has been subject to a hefty fee, not yet the treatment of exchangers who follow by making a high enough minimum which also impacts those who have small coins so it's hard to pay gas fee plus there is also a minimum. not yet later the fee for WD is also expensive.
I don't know why all of this has penetrated all sectors from the start, only gas fees, whether because the high bitcoin price causes that. I hope there is a solution because many are clearly at a disadvantage.
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The price of etherium or its popularity was increasing but now its popularity has decreased a lot.One of the reasons for the current decline in the popularity of Ethereum is that I think Ethereum's additional transactions are fee. Because Ethereum's transaction free has increased so much that people are being forced to leave the platform.
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Yes, the very expensive gas fee is very difficult for Ethereum to increase the price again because everyone thinks more positively and is looking for more fees to send each coin.
Now there are many reliable competitors such as Solana, Chainlink, Polkadot, and Binance Smarth Chain who are able to reduce their coin transaction costs so that it is liked by everyone.
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Ethereum is seeing its economic value increase, but at the same time it is seeing many users and project teams stop using its chain. As we already know, there are numerous competitors offering cheaper and faster options, so it is not surprising that Ethereum stops growing (in use as a platform) in the near future. Anyway we'll see what happens in July with "London".
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It has been a long time since the price of Ethereum's Gas Cost was very high, and this has been complaining about by many Crypto users but Ethereum has not made changes. I think indirectly this could be an obstacle to the rise of Ethereum, although in fact we can see that Ethereum has experienced an increase. But if the cost of Gas is not this high, I predict that the Ethereum price could be 4x higher than the current price.
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I think Ethereum's extra fees are currently hindering Ethereum's progress.Even a few days ago, Ethereum's trading grew like a fee unbridled mad horse.However, Ethereum's transactions are now within the reach of some people.Hopefully Ethereum will regain its popularity.
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Ethereum gas rates will continue to increase as long as DeFi platform users continue to grow.
I think we can solve this situation by moving to another blockchain or waiting for a fork. Currently, many projects have switched to the BSC network, I don't want this to continue but this is a decision because ethereum developers are developing eth 2.0 and a fork, if gas prices don't drop after that it will affect project developers who want to use the ethereum blockchain
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I see predictions that the price of ETH will increase to $ 10,000 this year. However, many users are moving to the BSC network. I see no reason for a sharp rise in the price of Ethereum with such huge commissions, an increase in the price is possible only with a significant decrease in the price of transactions from the Eth network.
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@vaysar it seems almost impossible to me for Ethereum to hit $10,000 this year. Ethereum has too many problems to face, the high transaction fees, its total supply, but above all it must face the fact that most users and #DevelopmentTeam s begin to prefer BSC, much faster and cheaper. All of this will cause Ethereum to lose popularity over time, so hitting $10,000 seems crazy or a miracle to me.
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@vaysar it seems almost impossible to me for Ethereum to hit $10,000 this year. Ethereum has too many problems to face, the high transaction fees, its total supply, but above all it must face the fact that most users and #DevelopmentTeam s begin to prefer BSC, much faster and cheaper. All of this will cause Ethereum to lose popularity over time, so hitting $10,000 seems crazy or a miracle to me.
Such a miracle is still possible. It is planned that in July, as a result of the implementation of the next stage of improvements to Ethereum 2.0, transaction fees on the ethereum network should return to normal. Therefore, after July and until the end of the year, this coin still has time to rise in value. Traditionally, the cryptocurrency market grows well from the second half of autumn and right up to the New Year. Of course, it will be quite difficult to go up to $ 10,000 this year for ethereum, this is actually a fourfold increase in price. However, cryptocurrency often surprises us.
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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?
I think the gas fee is so high because Ethereum price is so high too. It's just Traffic problem, So I t believe Ethereum 2.0 completely launch will solve this problem. Ethereum team will have a good solution for this problem.thats my opinion
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Everyone does not want to pay millions of USD just for shipping costs, this tweet is quoted from various social media and this is indeed the fact that Etheruem is currently struggling against high transaction fees.
This is really very surprising and it is really very sad if Ethereum continues to be arrogant at its very cruel fees and is not friendly to all traders and investors.
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The only obstacle to Etherium's development is that Ethereum's gas fees have been increased because Etherium is needed if one wants to trade. Since I'll send 20, Ethereum's network fee is 12 . It's sad, of course. Because if the cost is 12 out of 20, no one will use Ethereum so Ethereum improvement will not be possible.
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I see a little improvement, as more and more often the price of <90 gwei can be observed, and for a longer period than usual. Of course these fees later returns to 120-150 gwei. So I think we are in a direction of fee reduction. Just wait, use BSC and Ethereum fees will be back to normal :)
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130 gwei right now. The truth still seems crazy to me. I don't understand how developers can take things so calmly and remain indifferent to what has been going on for so long. It seems like they don't care in the least that so many people can't move their tokens and investment opportunities are missing.
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Currently, if there is a problem with the Ethereum platform, that problem is the additional transaction fee.I think Ethereum is losing popularity due to its extra transactions.But still if Ethereum's gas fee is normal then I think Ethereum platform will regain its popularity.
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I am sure that the plans for ETH 2.0 has been for long before the issues of gas fee became a bottleneck to the users of Ethereum platform. The cause of high gas fee has made the populace to abandon their coins there without looking back to it. I don't really think that this issue of high gas fee was part of the initial plans of ETH 2.0, but now it seems to be the number problem to be tackled even before the main purpose or idea of ETH 2.0.If the correction of this gas fee will only take place after the release of ETH 2.0, am afraid that ETH might lose their reputation and place in the ranking on the leaderboard.
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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?
We all know that Etherium is the second largest cryptocurrency in the world, but Ethereum's position has risen so much due to the smart contract. I think Ethereum's gas leak is a bit of a problem right now because everyone is having a lot of problems because people can't transact for extra gas. If Ethereum's gas leaks do not subside, people's confidence in Etherium will diminish a little, but hopefully it will change very soon.
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@Mist Joya many people are losing confidence in Ethereum since all these problems started. And the first to lose confidence are users with few funds, who cannot move their tokens due to the high price of commissions, that's why users stop using Ethereum and use the chains of BSC or Tron. Ethereum developers must take care of their users, or they will be left alone in the end.
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As an ordinanry user (which means not a dev) i think the high gas fee is a majore obstacle that is mostly affecting the smooth usage of eth network, eth has both high volum and small volume traders, those who have huge funds to trade may not find this high fees so disturbing, but those little traders of which am part of don't find it funny at all.
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Yes you are right. At present, gas free is much more common. And because of this gas free, the price of ether is not improving. But I think this gas free will go down very soon.And at least I didn't go down without explaining myself first. As the days go by, gas free is getting more and more.
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Ethereum's transaction fees are extremely unpleasant.
Investors don't want to lose money with crazy transaction fees.
Delivery of Ethereum and tokens from erc20 has stalled, no one wants to take this step because of the high transaction fees.
Everyone will feel sad if Ethereum does not lower the transaction fees because Ethereum is a coin that has a very large community.
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Currently, if there is a problem with the Ethereum platform, that problem is the additional transaction fee.I think Ethereum is losing popularity due to its extra transactions.But still if Ethereum's gas fee is normal then I think Ethereum platform will regain its popularity.
I think it the Ethereum team don't solve this problem, Ethereum will lose popularity. Several projects already migrated to binance smart chain now.. I hope ethereum team know about it. Because there are many projects have used ERC20 platform
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Currently, if there is a problem with the Ethereum platform, that problem is the additional transaction fee.I think Ethereum is losing popularity due to its extra transactions.But still if Ethereum's gas fee is normal then I think Ethereum platform will regain its popularity.
I think it the Ethereum team don't solve this problem, Ethereum will lose popularity. Several projects already migrated to binance smart chain now.. I hope ethereum team know about it. Because there are many projects have used ERC20 platform
Ethereum actually already knows that, but everything is still in the development stage, it is not easy to fork and mainnet to avoid high gas costs, the ethereum team always attaches importance to the security system, as we know, the blockchain and ethereum ecosystem is very good and there is no hacking information which results in the loss of tokens from the wallet of the developer or smart contract maker
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Recently, the gas fee is lower than several weeks ago. I several times transfer ERC20 tokens and it only needs below 60 gwei. This is much better than the very high price previously always over 100 gwei. I think that the Ethereum and its platform can still be highly recommended if the fee is lowering again
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Now Ethereum's GAS has dropped to 37 Gwei and it is possible to continue adopting Ethereum because it is so simple and easy to try them all for a small fee.
Hopefully we hope that the Gwei of this GAS cost drops to 3-5 gwei because that is very standard for sending tokens from er20 and I would love to hear if it is like that.
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Now Ethereum's GAS has dropped to 37 Gwei and it is possible to continue adopting Ethereum because it is so simple and easy to try them all for a small fee.
Hopefully we hope that the Gwei of this GAS cost drops to 3-5 gwei because that is very standard for sending tokens from er20 and I would love to hear if it is like that.
I'm not sure if all the people who have migrated and adopted BSC (developers and users) due to the problems caused by the high fees are going to use Ethereum again. Now the fees are low, but if the demand and price of Ethereum go up again, the fees will go up as well. I would not use Ethereum again until the solution was completely final.
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It is a problem for gas costs from Ethereum, but I am sure that in the future Ethereum will also be the best by reducing its GAS costs.
But it depends on the density of transactions carried out by traders on the Ethereum blockchain because the denser it means the more expensive the GAS costs.
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I think the high cost of gas will hinder ethereum's future progress, yes because now we see a lot of new crypto switching to the trx and bsc platforms which are cheaper than the high cost of ethereum gas.
I think the team needs to fix things right away before all the ethereum fans move to other places.
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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?
Of course , In such a situation I think that the excessive gas fee is the obstacle for its improvement. but It is the problem should be happen at crypro market, because etehreum price is going strong now. Current Ethereum price is $ 2,874.
It seems easy to hit 3K USD soon.
I think many big brothers here have predicted about this situation, and I hope Ethereum team, VB and the team will have good solution by for this problem.
High Gas fee always be the problem.
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If ethereum developers fails to find a lasting solution to the high cost of gas for transactions consequently, this may lead to massive diversion to other network like BSC Binance Smart Chain or TRON network by new developers those networks transact with a lower gas fee, however I believe when ETH2.0 is rollout the issue of high gas will be resolved once and this will improve their network invariably attract more projects
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Although the transaction fees have been reduced considerably, I don't know if it is a final solution or just a temporary thing. The fact that the July hard fork is not canceled (I have not found any news about any cancellation) makes me think it is temporary, but I am not entirely sure. I hope there is an official statement from the developers to clarify any doubts.
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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?
Before this crazy ethereum gas fee I dont think there was any problem and that investors where complaining about Ether until we started experiencing the high gas fees. I truly believe that if this issue with high gas fee is resolve, ethereum investors using the network will have nothing to complain about.
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It is not because of uts unique name or not. But, Ethereum is the most used platform smart contracts with its good rpoject and development. Additionally, this has big community and users.
However the obstacles right now are about the high fees for transferring and also this platform can be easily used by scammers to create a new token.
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Ethereum platform to move forward in the future. Because many have already abandoned this Ethereum platform to other platforms One of the reasons for this is that Ethereum is free of additional transactions Ethereum has any problems, since expensive transactions do not bother millionaires and billionaires, of course, for most people, expensive transactions on the Ethereum blockchain
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The main reason for the increase in Ethereum price is the reduction in Ethereum's transaction fees. Ethereum prices are rising despite the cryptocurrency market being down at this time. We therefore understand that Ethereum's high transaction fees have a detrimental effect on Ethereum Price. I believe the Etherium price will definitely rise and hit 5,000 dollars.
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In ETHEREUM High Gas fee has brought him into disrepute.AS a coin it is growing in Good way.But as NETWORK it is losing its usefulness .Taking advantage of this, BSc Chain came into being.I Think ETH Developers delaying to upgrade its network so that They can collect more and more EThereum. It's been more than 6 months if they want they can develop it in less time .Now their plan to upgrade it in July month.
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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?
If course, hug gas fee is not good for improvement.
I have read many opinion about high gas fee, we all waited the gas fee go down , then we can do transaction.
I see many investors complaint about it.
I also think, until when .
I hope project team will have good solution.
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Ethereum is the second most important currency in the cryptocurrency market. Ethereum occupies a huge place in the cryptocurrency industry. Has now reached its peak. It is hoped that in the future investor traffic and transactions of various organizations will greatly increase the popularity of ethereum. So ethereum will become a popular currency all over the world.
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Ethereum is the second largest cryptocurrency marketer. Ethereum and BNP have occupied the cryptocurrency market. And the price of bitcoin will increase in good quality. So in a word, Ethereum will become a popular currency in the future.
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Gas fee is high at that time and they improve now the gas fee and now we pay the low fee and i think the main reason of the gas high fee is just to improve his services.
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I think that one of the obstacles in the way of increasing the price of Etherium is the fee transaction of Etherium. We all know that Ethereum platform transactions are much more fee than other platforms. As a result people are shifting from this platform to other platforms day by day. I think the Etherium community should pay attention to this issue.
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Ethereum is a popular currency in the cryptocurrency market. The currency has consistently occupied many places in the cryptocurrency market. There are a lot of traders in this currency who are constantly profiting by investing and trading. Again, many traders are benefiting by trading on this platform. So for every trader and user, ethereum is the most likely coin to rise in the cryptocurrency market.
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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?
Yes, brother, that's right.I can say for sure that Ethereum's popularity has waned a little bit due to the extra gas fee.However, I think the gas cake will not last long, it will definitely decrease.Because we all know that Etherium is a very well known coin in the world of cricket.Of course, it will not do anything to maintain its position in the market so that the acquaintance is reduced.So the gas fee must be reduced very quickly.
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The high cost of gas is a very serious problem in ethereum, and it must be corrected by the team as it will hinder ethereum's progress. because ethereum is the most popular altcoin among the others.
it is evident now that many new cryptos are using the BSC platform as it avoids the exorbitant gas costs on ethereum. This is a very serious problem and must be dealt with quickly.
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So far that's the major problem that affects the entire wth community both the haves and the haves not, if there are other noticeable ones I can't really say for sure since am an average user.
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Ethereum's additional transaction fees have a detrimental effect on Ethereum Price. The world price depends a lot on the transaction fee. But currently the price of Ethereum is going down because the price of Bitcoin is going down. But the Etherium price did not increase as much as the Bitcoin price because the additional transaction fee was for Thorium.
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Ethereum's additional transaction fees have a detrimental effect on Ethereum Price. The world price depends a lot on the transaction fee. But currently the price of Ethereum is going down because the price of Bitcoin is going down. But the Etherium price did not increase as much as the Bitcoin price because the additional transaction fee was for Thorium.
The value of Ethereum has increased in proportion to its previous value, it cannot increase in proportion to the value of Bitcoin. High transaction fees are not a problem that affects the value of Ethereum, it affects users with few funds by not being able to move their tokens or invest with small amounts, the whales do not care. What is Thorium?.
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Yes, exactly the fee transaction of ERC20 tokens or Etehruem is the big obstacle to be faced. The high fees sometimes case the fee is likely higher than the value of the tokens to transfer, how funny this is ;D
But sometimes, we can also face low fees in certain time, that is why we can check and recheck again before transferring
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Uniswap may have a lot of users because when we trade there the transaction costs will be high, the number of transactions that need to be confirmed makes us spend a lot of ether for this gas fee.
However, some new projects are still using the ethereum blockchain because of the popularity and level of security that is still good to date, I am still waiting for the development of ETH 2.0 and EIP-1559 whether it will soon affect the cost of gas in the network.
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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?
Yes, high gas fee is the classic problem of Ethereum. But I think Ethereum team will make good solution.
We all know about Ethereum 2.0 has launched, It is one of the way to reduce high gas fee. Although gas fee still high because Ethereum 2.0 launched didn't completely yet.
Wait until the next year, I believe gas fee will lower.
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the increased gas costs on the ethereum network are due to the increase in transactions using the ethereum network so that gas costs increase, the high price of ethereum has an effect on the exchange rate for the gas fee, so if you want to make transactions with small amounts it's better not to use the ethereum network due to the exorbitant cost of gas.
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I agree with you.We know that gas fee is increasing.So it's very hard for developing ethereum.But we also know that ethereum is the best valuable digital currency in this moment.After bitcoin it's price is very prefer.So i believed that gradually it's price will be increasing.But if we can decrease gas fee,i think that it's popularity will spread worldwide quickly.
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In addition to what I have said on previous occasions on this topic, since the last 12 months I believe that the biggest obstacle for Ethereum is its own developers. Since I saw Ethereum launch in early 2014, the developers have had the tools to improve the code, so that no one is left behind, what they are doing with small investors and people with little funds have no apologies or excuses.
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I agree with you.We know that gas fee is increasing.So it's very hard for developing ethereum.But we also know that ethereum is the best valuable digital currency in this moment.After bitcoin it's price is very prefer.So i believed that gradually it's price will be increasing.But if we can decrease gas fee,i think that it's popularity will spread worldwide quickly.
Correct, Ethereum will more popular if the team can solve the gas fee problem.
Because It's primary problem for us, as trader and investors.
We can do anything when the gas fee is so high because we will pay more.
It's annoying.
Ethereum 2.0 also didn't solve this problem, when be lower ?
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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?
As you said many people here, I think Ethereum team try to solve this problem, but didn't success yet, because Ethereum gas fee is still high. Ethereum 2.0 also didn't good solution, I think Ethereum should have another way to reduce their gas fee.
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In fact, Bounty Hunters are having the most trouble with Ethereum's extra gas fees. Because the amount of dollars that can be found by bounty is more than the transaction fee if sold. In fact, transaction fees have risen sharply since the Ethereum price hike. I think if the transaction fee is like this then of course the effect on Etherium price will remain. The transaction fee is increasing with the increase in the price of Etherium.
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As you said many people here, I think Ethereum team try to solve this problem, but didn't success yet, because Ethereum gas fee is still high. Ethereum 2.0 also didn't good solution, I think Ethereum should have another way to reduce their gas fee.
From what we can read on many sites, Ethereum developers have no difficulty solving the problem of high transaction fees. What they are doing is waiting for the full release of ETH 2.0 and by doing that what they are doing is hurting many users and the entire ecosystem, these are not problems with the code, it is that for some reason they prefer to leave it as it is now, even though that is causing problems for many people.
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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?
of course, extra gas fee will be obstacle to improve Ethereum.
There will be many alternate smart contract platform, I think they will compete to Ethereum, and many projects will migrate to other if Extra gas fee can be solved.
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Pay extra gas will not solve the problem but will create negative sentiment because low fees is customers rights. I believe eth developer team already found the way but they need safe system and right time for release, as customers we only need to wait. Keep hunting eth and save it, when eth 2.0 release we are rich people, change our strategy for better result.
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moment it is a drag on its reputation. The number of people who are suffering the consequences is enormous and if there is a solution, I think they should do everything possible this does not apply just to etherum. Etherum is suffering from its own success of being the hybrid mother to several altcoins; but then it should make its long awaited eth 2.0 to ease the gas fees a gas fee of the erc20 token is damn high and they are likely not going to decrease. So, this will be very hard for to erc20 platform to develop
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with an additional fee when making a transaction in my opinion it is very useless and of course a waste of the money you have, it's better to use a standard shipping method so you can save the money you use for gas.
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Ethereum already is quite popular. And whether its increased fee is an obstacle in the improvement or not, it is not known clearly.But according to me, the high fees of ethereum are quite disappointed. Due to which the transaction is facing lot of problems.
In addition, many people may be disappointed of its high fees.
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Ethereum already is quite popular. And whether its increased fee is an obstacle in the improvement or not, it is not known clearly.But according to me, the high fees of ethereum are quite disappointed. Due to which the transaction is facing lot of problems.
In addition, many people may be disappointed of its high fees.
High transaction fees may not be a problem for the Ethereum developer team, but it is certainly a big problem for users, especially those with little funds and do not have the possibility to move their tokens missing opportunities. When a product is good in general, but for a certain type of user it presents problems, it is no longer for everyone, and that for me is a negative point, and it is precisely at this negative point where developers must put their efforts, in making their product can be used by any type of user.
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I think the major issues of ethereum is the gas fees and it is scaring people away from the network. I believed once this issue is solved Ethereum will fly off. I hope they get it right soon that it can earn more users.
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I think the major issues of ethereum is the gas fees and it is scaring people away from the network. I believed once this issue is solved Ethereum will fly off. I hope they get it right soon that it can earn more users.
I think the cost of gas on the ethereum network still looks expensive because the skyrocketing price of ethereum makes gas costs high too, so it's better to keep using other networks if you still want to make transactions using altcoins and with a very small transaction value.
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The extra gas fee is the main issue in the market because in the crypto market this time so many peoples are going to safe their coins in the ETH wallet because the ETH wallet is so much safe but because of high fee so many peoples will withdraw their coins from the ETH wallet and hold that in the exchange.
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Ethereum is a big coin, Ethereum is the only Blockchain Cryptocurrency that is used to grow new Crypto projects, before there is another Blockchain that has the same function as the Ethereum Blockchain. It is because of this that a lot of Erc20 based Altcoins are stuck in private wallets and cannot be sent on exchanges due to the usual problem of very high Eth Gas, Actually this is not a barrier to the increase of Ethereum Coins themselves. But for Ethereum-based tokens, this matters a lot.
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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?
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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.
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Vitaly Buterin made sure that the payment for gas went into the capitalization of the Ethereum cryptocurrency. Don't you find how quickly the capitalization of the Ethereum cryptocurrency overtook the capitalization of Bitcoin. I'm afraid that soon, ETH will overtake VTS, which is not even bad. When the commission is reduced in the Ethereum blockchain, then there will be more users than today.
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Vitaly Buterin made sure that the payment for gas went into the capitalization of the Ethereum cryptocurrency. Don't you find how quickly the capitalization of the Ethereum cryptocurrency overtook the capitalization of Bitcoin. I'm afraid that soon, ETH will overtake VTS, which is not even bad. When the commission is reduced in the Ethereum blockchain, then there will be more users than today.
You may be right, but in the meantime the problem persists and negatively affects many users. While they solve the problem, many users are abandoning Ethereum as the most used chain and looking for cheaper options, and thankfully there are several to choose from. It's hard to know if those users would use Ethereum afterward, but I highly doubt it after some time working comfortably with other chains.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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when you see the very high cost of ethereum gas when you want to make a transaction then you should not use it because it will make you lose, it is better for you to use other coins that have low transaction fees.
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when you see the very high cost of ethereum gas when you want to make a transaction then you should not use it because it will make you lose, it is better for you to use other coins that have low transaction fees.
It's big problem, if Ethereum gas fee is so high and dev team didn't have solution for gas fee .
I agree I think extra gas fee is only obstacle to improve etheruem.
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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.
It is normal for people to run out of patience after such a long time. What Ethereum developers cannot expect is that users will continue to pay those sky high transaction fees that in most cases exceed the number of tokens being sent. They have had a lot of time to implement the necessary solutions, but have preferred to continue with the development of ETH 2.0, which is why many users and project teams prefer to use other chains. Patience always has a limit.
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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.
It is normal for people to run out of patience after such a long time. What Ethereum developers cannot expect is that users will continue to pay those sky high transaction fees that in most cases exceed the number of tokens being sent. They have had a lot of time to implement the necessary solutions, but have preferred to continue with the development of ETH 2.0, which is why many users and project teams prefer to use other chains. Patience always has a limit.
I think If Ethereum dev didn't solve this problem, Ethereum will be replaced by other smart contract platform such as BSC.
Ethereum 2.0 has launched , but didn't have good effect for this problem.
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I think If Ethereum dev didn't solve this problem, Ethereum will be replaced by other smart contract platform such as BSC.
Ethereum 2.0 has launched , but didn't have good effect for this problem.
ETH 2.0 has been released, but it is only a partial version, updates are still needed to make it 100% work. However, my opinion is that the #DevelopmentTeam has not solved the problem of high transaction fees simply because they don't want to. For some unknown reason, they prefer to leave Ethereum with this problem and favor the development of ETH 2.0, it is possible that this is the main reason, but we have no news to confirm it either.
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It could be like that because the cost of GAS is also a consideration for us to be able to exploit the features of Ethereum itself and this makes our path hampered by the high cost of GAS.
I'm also sure in the future maybe the GAS Ethereum fee should be around 0.5 USD and for the erc20 token fee it will be around 1 USD and this is already quite expensive for all of us because Bank transaction fees are also cheap now.
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It could be like that because the cost of GAS is also a consideration for us to be able to exploit the features of Ethereum itself and this makes our path hampered by the high cost of GAS.
I'm also sure in the future maybe the GAS Ethereum fee should be around 0.5 USD and for the erc20 token fee it will be around 1 USD and this is already quite expensive for all of us because Bank transaction fees are also cheap now.
I agree with you, I think Ethereum fee be around 0.5 USD for ERC20 token fee.
It's too high If we should pay more 20 USD for our transaction.
Ethereum dev should improve their project and have solution for expensive gas fee, such as many people said, high gas fee is really annoying.
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It could be like that because the cost of GAS is also a consideration for us to be able to exploit the features of Ethereum itself and this makes our path hampered by the high cost of GAS.
I'm also sure in the future maybe the GAS Ethereum fee should be around 0.5 USD and for the erc20 token fee it will be around 1 USD and this is already quite expensive for all of us because Bank transaction fees are also cheap now.
I agree with you, I think Ethereum fee be around 0.5 USD for ERC20 token fee.
It's too high If we should pay more 20 USD for our transaction.
Ethereum dev should improve their project and have solution for expensive gas fee, such as many people said, high gas fee is really annoying.
Yeah, better Ethereum fee is around 0.5 USD , because Ethereum gas fee is very annoying now, more 20 USD until 30 USD.
At last month , I have lost to sell my coin when pump because didn't have gas fee
Ethereum dev should rethink about their improvement at Ethereum 2.0, because Ethereum 2.0 doesn't have good effect for gas fee.
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It could be like that because the cost of GAS is also a consideration for us to be able to exploit the features of Ethereum itself and this makes our path hampered by the high cost of GAS.
I'm also sure in the future maybe the GAS Ethereum fee should be around 0.5 USD and for the erc20 token fee it will be around 1 USD and this is already quite expensive for all of us because Bank transaction fees are also cheap now.
The very high cost of Ethereum Gas is indeed a pain in the eyes. For most people, how can we not try to send tokens from the Ethereum network and when we see the high price of Eth Gas, this really hurts the eyes. However, this will be difficult to avoid, because the popularity of Ethereum will make this platform always crowded with people doing transactions.
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Being patient and waiting for the right moment can always help us in these cases. Although transaction fees have dropped considerably, there are certain times of the day when they are even cheaper, depending on the time zone in which we are. What I always do is go to https://etherscan.io/gastracker to consult the graph of prices per transaction, so we can always know at what time it is convenient for us to carry out the transactions. Right now the average is $6.20.
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Ether is a popular and unique name in cryptocurrency world. Who posits at the top. But the amount of gas that has been charged for some time is beyond the expectation of many. People are not even able to transfer their assets due to the lack of additional gas fee. In such a situation do not you think that the excessive gas fee is the obstacle for its improvement?
Not just the exorbitant gas fees of Ethereum though, but also the network’s congestion and the duration of the transaction to be confirmed by the network. Plus I am pissed off if a certain ERC20 token that I needed to convert to ETH needs to increase slippage tolerance when using DEXs like Uniswap. That’s just my own experience.
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Extra gas fee in the ETH coin is not good for the clients those use the ETH wallet becasue if the coin price is almost 100$ and the gas fee is 30$ to 40$ this is not good. This time the crypto lovers need the low gas fee wallet and that must be also secure and peoples will love this type of wallets not high gas fee wallets.
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Extra gas fee in the ETH coin is not good for the clients those use the ETH wallet becasue if the coin price is almost 100$ and the gas fee is 30$ to 40$ this is not good. This time the crypto lovers need the low gas fee wallet and that must be also secure and peoples will love this type of wallets not high gas fee wallets.
It's too high, we must pay 30-40$ to do transaction, that's really annoying.
I don't believe Ethereum team will have good solution to improve their projects and solve the classic problem.
Really expensive gas fee.
That's make us suffering and want to leave this platform.
There are several alternate smart contract platform, Ethereum will be leaved.
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I think that this summer the situation with high gas prices should be resolved. The team plans to hard fork London in July this year, which will significantly improve scalability. Today it is already known that it is her USDT via uniswap that takes up a larger part of the Ethereum bandwidth. Developers understand that this problem needs to be solved very quickly.
Yeah I read team is working to improve this problem, but I saw after Ethereum 2.0 us launched, we all see the gas fee is still expensive.
Nothing improve.
We can't do transaction because high gas fee, maybe whales didn't suffer, but As little investors or trader , it is the big problem.
30-40 USD is too high.