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Author Topic: ERC20 Network Fees is down  (Read 15857 times)

Offline lepbagong

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Re: ERC20 Network Fees is down
« Reply #45 on: May 06, 2021, 07:08:13 AM »
I think the launching of new projects (I think most of them are projects like the safemoons and related platforms) from ethereum to bsc helps a lot. And it helps a lot to the decreased of gas. Unfortunately for bsc, a lot of rug pull projects migrated on their chain too.
The problem is with the ethereum platform, which until now is said to have started to be cheaper. but can not return to the original as before. possibly because the already high price resulted in an increased cost. coupled with traffic which is very busy. but of course that is not a reason for people who want to find cheap costs.

thus giving rise to many renewable ideas, with many trying to find alternatives to these high costs. so no wonder, there may be other platforms that can provide the best solution than the ethereum platform. it is understood by those who can provide low cost reduction and the security and transactions can still be guaranteed.

whatever the reform is very good so that there is good competition to provide a solution that can be taken, so that there are other alternatives that can be used and there is no monopoly.
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Re: ERC20 Network Fees is down
« Reply #45 on: May 06, 2021, 07:08:13 AM »

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Offline Mahindra

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Re: ERC20 Network Fees is down
« Reply #46 on: May 06, 2021, 08:33:51 AM »
Ethereum platform's gas free has already been significantly reduced. Gas free is now required a little less than before. However, the gas free of the Binans platform is lower than that of the Etherium platform, which is why investors are more interested in Binance platforms. I think Etherium platforms should be further reduced to gas free then Etherium platforms will be more improved.
Mahindra

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Re: ERC20 Network Fees is down
« Reply #47 on: May 06, 2021, 09:14:55 AM »
A few days ago there was an additional increase in Ethereum transaction free.  As a result, many users had to pay extra for small transactions.  Users were barred from Ethereum transactions due to the extra free.  But now Etheria Free has been reduced.  This is very good news for us. We hope that Ethereum's transaction free will be further reduced in the future.
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Re: ERC20 Network Fees is down
« Reply #48 on: May 06, 2021, 09:16:49 AM »
The network fees for the Etherium platform has come down a lot. If the network fees for the Ethereum platform had not been reduced, the popularity of the Ethereum platform would have been completely lost. The Ethereum platform has used the Binance Smart Chain to increase the network fees excessively because the Binance Smart Chain has a low network fee. The Ethereum price was not rising for that but whenever the network fee came down the Ethereum price is going up like a bull race. Gradually the Ethereum network fee will come down further.
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Re: ERC20 Network Fees is down
« Reply #49 on: May 06, 2021, 02:08:36 PM »
It was good to read this news because investors have had to face various difficulties as a result of cutting gas free. Small investors in particular have had to deal with more problems. At present he has a problem  is over.The gas limit has returned to its previous position. Everyone has made a binary transaction due to more gas free cuts in ether.

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Re: ERC20 Network Fees is down
« Reply #50 on: May 06, 2021, 02:39:05 PM »
It was good to read this news because investors have had to face various difficulties as a result of cutting gas free. Small investors in particular have had to deal with more problems. At present he has a problem  is over.The gas limit has returned to its previous position. Everyone has made a binary transaction due to more gas free cuts in ether.
I dont know how much reduction has happened even though I believe it has but I just concluded a transaction that is still not gone through yet with the gas fee about almost $4 and it is still pending foe more that 2hours now.

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Re: ERC20 Network Fees is down
« Reply #51 on: May 06, 2021, 02:49:31 PM »
To be honest, I personally hope a lot that the ethereum network gas costs can go down like in the past, a lot of tokens in the personal wallet I want to transfer to the exchange immediately.  I just checked the gas cost, now it's around $ 5.

On the other hand, I want the project from the Ethereum network to run smoothly without the burden of expensive gas costs.

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Re: ERC20 Network Fees is down
« Reply #51 on: May 06, 2021, 02:49:31 PM »


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Re: ERC20 Network Fees is down
« Reply #52 on: May 06, 2021, 03:40:33 PM »
Now the etherium gas fee comes a few days ago but it was not like that.A few days ago the amount of gas fee was much higher.But over the last few days, the amount has decreased a lot.I couldn't sell them despite having tokens in my wallet for an extra Ethereum network fee.But now I hope that problem has been solved and everyone can sell their tokens with ease. No one will have to suffer from the problem of excess etherium gas.

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Re: ERC20 Network Fees is down
« Reply #53 on: May 06, 2021, 03:56:08 PM »
I am sure that all users who use the Ethereum blockchain are happy to see adequate transaction prices on the Ethereum blockchain, of course, I wanted to see 1-10 Gwei as it was 3 years ago or even more, but since the load on the Ethereum blockchain is growing every day, so we should not expect the penny transactions that were long time ago.
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Re: ERC20 Network Fees is down
« Reply #54 on: May 06, 2021, 05:42:49 PM »
Yes mate, I also see that ether gas fee reduce and the current gas fee is resolvable. Few days ago i didn't transfer my coin due to high gas fee. Now i can easily transfer it to any where with low transaction fee. It is really appreciable. Now ether price increasing rapidly due to investors positive attention.

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Re: ERC20 Network Fees is down
« Reply #55 on: May 06, 2021, 05:46:05 PM »
You are right.  This time the fee of gas gwei has been decreasing.  However,  we don't know whether it will last forever or only for moment because of the condition right now and also because of the rival Binance Smart Chain.  Personally,  erc20 transfer fee is really confusing sometimes.

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Re: ERC20 Network Fees is down
« Reply #56 on: May 06, 2021, 06:25:44 PM »
You are right.  This time the fee of gas gwei has been decreasing.  However,  we don't know whether it will last forever or only for moment because of the condition right now and also because of the rival Binance Smart Chain.  Personally,  erc20 transfer fee is really confusing sometimes.
This decline in eth gas has occurred for several days, and has risen occasionally as usual. However, it seems that the decline in the cost of eth gas will continue, considering its rival BSC, which has very cheap transaction fees.
Sometimes I also can't think, why the cost of eth gas is so expensive, but I can't do anything but wait for the price to go down first.

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Re: ERC20 Network Fees is down
« Reply #57 on: May 06, 2021, 06:48:51 PM »
This is very good news because of the reduction in fees at ERC20, but I think $ 15 is still expensive and the impact is very visible due to high fees.
for example, some of the newer cryptos are now mostly migrating to the BSC platform because the fees are cheaper than ERC20

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Re: ERC20 Network Fees is down
« Reply #58 on: May 06, 2021, 07:05:27 PM »
This is very good news because of the reduction in fees at ERC20, but I think $ 15 is still expensive and the impact is very visible due to high fees.
for example, some of the newer cryptos are now mostly migrating to the BSC platform because the fees are cheaper than ERC20
my friend, the fact is that over the past 2 days I have been doing quite a lot of transactions on the erc20 network. I have not paid more than $ 5 for any transaction. Based on this, we can confidently say that network parsing has dramatically decreased.

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Re: ERC20 Network Fees is down
« Reply #59 on: May 06, 2021, 07:45:11 PM »
yep, that's right. in recent days the fees have decreased a lot, maybe because of the many complaints from ethereum network users complaining about the amount of fees, but for now the fees we have to pay are quite affordable and very effective, even in some tokens there are still above $30. But the changes in fees that occur are very influential for many transactions.

 

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