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Author Topic: High transaction fees: Ethereum's fatal weakness  (Read 4537 times)

Offline Quart

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #15 on: February 23, 2021, 11:38:23 PM »
You are right, this is a fatal weakness of the coin that really requires a very very high fee. The gas fee of ethereum is considered the most expensive fee transaction among the other coins. This is crazy as we think that this coin may be left behind by BNB

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #15 on: February 23, 2021, 11:38:23 PM »

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #16 on: February 23, 2021, 11:46:27 PM »
I'm sure this problem will be resolved soon, many have complained about the problem of this high Ethereum transaction fee.  Ethereum certainly doesn't want to lose the trust of its community.

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #17 on: February 24, 2021, 12:11:30 AM »
There are probably only 3 reasons why we continue to love Ethereum:
+ Experienced #DevelopmentTeam ;
+ Large community: many users, many projects, the popularity of ERC-20 tokens;
+ The best decentralization in blockchains, about 9000 nodes instead of 21 nodes like other blockchains.

I regularly check Ethereum's website for updates on the status of ETH2.0: https://ethereum.org/en/eth2/

"The vision: More scalable = Ethereum needs to support 1000s of transactions per second, to make applications faster and cheaper to use."

I really hope that the Ethereum team is trying to speed things up before they miss the bull-run.
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Offline krypto4uvak

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #18 on: March 04, 2021, 11:06:04 AM »
I'm sure this problem will be resolved soon, many have complained about the problem of this high Ethereum transaction fee.  Ethereum certainly doesn't want to lose the trust of its community.
I thought the same, but this has been going on for a long time. And now it seems to me they will never solve this problem. But I really want them to solve this problem.
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Re: High transaction fees: Ethereum's fatal weakness
« Reply #19 on: April 15, 2021, 06:03:19 AM »
Even a few days ago, Ethereum's extra transaction fee was the cause of all our headaches. Their popularity has lost a lot due to the extra transaction fee.As the popularity of Etherium has declined, so has the popularity of the Binance platform But hopefully it will also regain its popularity and the additional transaction fee will come down again.
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Offline nelson4lov

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #20 on: April 15, 2021, 11:14:25 AM »
The only exchange I have seen a gas fee as high as Ethereum's gas fee is on yobit exchange, those crooks charge 120k Sat's per bitcoin withdrawal, that's absolutely insane, I totally agree with this topic Ethereum's high gas fees is a real mess coupled with the scalability issues, if they would just release the ETH 2.0 we will see Ethereum pumping crazily again, for now BSC has taken it ms place as one of the most popular blockchain.
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Re: High transaction fees: Ethereum's fatal weakness
« Reply #21 on: April 15, 2021, 11:23:17 AM »
@nelson4lov most of the tokens that Yobit has had throughout its history were created by themselves. I have never understood their way of acting with their users or their internal policies regarding rates, for those reasons and some more I stopped using Yobit many years ago. I think people should look for alternatives to that exchange, there are many.
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Re: High transaction fees: Ethereum's fatal weakness
« Reply #21 on: April 15, 2021, 11:23:17 AM »


Offline satpol_PP

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #22 on: April 15, 2021, 04:54:27 PM »
Due to the high gas, I can't use the ethereum network and its wallet to withdraw altcoins to exchanges. If the gas price continues to rise, then it makes no sense to participate in projects with erc-20 tokens. I hope that Ethereum-2 will solve this problem.

I hope Ethereum team will solve this problem.mate.. The high gas fee  is the big problem now. I can't do transaction because It is s high.Just wait and hope the gas fee will go down. I have use other smart contract coin, BSC is my favourite now

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #23 on: April 15, 2021, 11:57:47 PM »
We really know that everybody is likely sick because of this high transaction fee charged when transferring the erc20 token. This may be one of the weaknesses of the Ehereum platforms and e don't know when it will be solved. But yeah it is really bad to know this

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #24 on: April 20, 2021, 03:40:30 PM »
A very beautiful and constructive post has come up among us. Many thanks to the senior brother for that. I learned a lot through this post of yours.And hopefully many senior and junior members can learn a lot from this post of yours.

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #25 on: April 20, 2021, 04:15:11 PM »
There are probably only 3 reasons why we continue to love Ethereum:
+ Experienced #DevelopmentTeam ;
+ Large community: many users, many projects, the popularity of ERC-20 tokens;
+ The best decentralization in blockchains, about 9000 nodes instead of 21 nodes like other blockchains.
this reason is most appropriate and answers all questions

I really hope that the Ethereum team is trying to speed things up before they miss the bull-run.
for this problem it seems that ethereum owners are already thinking about going even faster.
but all of this maybe ethereum owners also need support from all of us, not just verbal support but some donations
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Offline therozaq

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #26 on: April 21, 2021, 09:49:20 AM »
We really know that everybody is likely sick because of this high transaction fee charged when transferring the erc20 token. This may be one of the weaknesses of the Ehereum platforms and e don't know when it will be solved. But yeah it is really bad to know this

I think the team project should have good solution for this problem. I see several projects already migrated  to other smart contract platform. Binance smart chain is the best alternate platform now..
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Re: High transaction fees: Ethereum's fatal weakness
« Reply #27 on: May 02, 2021, 01:37:57 PM »
Indeed, the competition for Ethereum is so intense that it creates very high transactions and this is more than anything else that happens in any market.
I also can't see anything we want to do with Ethereum so Ethereum has a problem with transactions and it hurts a lot. But now I see this Ethereum transaction GAS around 22 gwei.
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Offline Arkann

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #28 on: May 02, 2021, 05:58:23 PM »
Indeed, the competition for Ethereum is so intense that it creates very high transactions and this is more than anything else that happens in any market.
I also can't see anything we want to do with Ethereum so Ethereum has a problem with transactions and it hurts a lot. But now I see this Ethereum transaction GAS around 22 gwei.
in fact, there are no problems with transactions. it all comes down to the fact that there are high fees available, but for most users this is a real trifle, given the cost of Ethereum and its growing rate, as well as the huge cost of many DeFi and other fairly demanded projects. If Ethereum had a problem, then its price would fall at a rapid pace.

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Re: High transaction fees: Ethereum's fatal weakness
« Reply #29 on: May 03, 2021, 07:21:56 PM »
Transactions through digital transactions or eth are constantly increasing all over the world. So I think ethereum has become more and more popular worldwide, because ethereum or cryptocurrency is the most popular for transactions and business. That's why bitcoin transactions around the world are moving from the digital ecosystem.

 

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