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Author Topic: Do you think the extra gas fee is the only obstacle to improving ether?  (Read 10518 times)

Offline ranaprime

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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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #1 on: February 24, 2021, 10:28:38 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #2 on: February 24, 2021, 10:44:11 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #3 on: February 24, 2021, 11:30:16 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #4 on: February 24, 2021, 11:42:40 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #5 on: February 24, 2021, 12:18:21 PM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #6 on: February 24, 2021, 01:21:30 PM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #6 on: February 24, 2021, 01:21:30 PM »


Offline I-Bit

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #7 on: February 24, 2021, 11:44:05 PM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #8 on: February 25, 2021, 02:44:57 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #9 on: February 25, 2021, 03:04:47 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #10 on: February 25, 2021, 06:33:09 AM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #11 on: February 25, 2021, 07:11:43 AM »
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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Offline Freemind

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #12 on: February 25, 2021, 01:13:16 PM »
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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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #13 on: February 25, 2021, 09:20:31 PM »
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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Offline flyaccount

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Re: Do you think the extra gas fee is the only obstacle to improving ether?
« Reply #14 on: February 26, 2021, 03:40:32 PM »
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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