Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on September 17, 2020, 06:10:19 AM
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In the past days Ethereum transaction fees was skyrocketed to the high as 500+ gwei and today's transaction fees was already reach 600+ gwei this is insane I hope more projects are moving out from Ethereum because its already too much there are other smartcontracts platform that quite promising and stable Transaction speed and minimal fees like Tron,Credits and other smart contract providers are the best option.
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But high fees are a great chance for other blockchains to attract attention to themselves. The more projects run on Ethereum, the higher the fees will be ... And that's bad.
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The more fee increase in the market will not be a good impact on the users.
This will only be favorable for the blockchain itself, and yes that's true it was a form of greediness
and many communities in this industry are mostly greedy.
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But high fees are a great chance for other blockchains to attract attention to themselves. The more projects run on Ethereum, the higher the fees will be ... And that's bad.
I dont see any greatness with it. Small fee attract more investors and that is likely benefited them on their trades. If you noticed on exchange, more lesser fee attractive to traders, now eth is having that sort of problem but I always believe in them. Just wanted them to focus on developing a way to lessen that.
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Definitely it is the biggest challenge that the ethereum network is facing these days so the developers do need to come up with impressive solution to this problem as eth 2.0 mainnet is launching in november, hopes are high that eth will become a scaled network.
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Definitely it is the biggest challenge that the ethereum network is facing these days so the developers do need to come up with impressive solution to this problem as eth 2.0 mainnet is launching in november, hopes are high that eth will become a scaled network.
For someone, high fees of ethereum network - big problem, but for others it is a great opportunity. Blockchain's Race Coming Soon . And soon we will see great pumps..
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it's really disappointing! I could have claim UNI token if the gas fee was not that high. I trade at uniswap sometimes in August but upon seeing the gas fee. I cancelled my order. NOW, uniswap is given 400UNI to any wallet connected to there platformed that have transaction before Sep. that's a huge airdrop it's worth over a thousand dollars by now. sad news for me.
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It is very disappointing that the ETH gas fee is getting more expensive all the time. even just sending a few tokens costs a lot. This is not fair. I think project owners using ETH plafforms should think about this, public trust in cheaper costs
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It is very disappointing that the ETH gas fee is getting more expensive all the time. even just sending a few tokens costs a lot. This is not fair. I think project owners using ETH plafforms should think about this, public trust in cheaper costs
Nobody expected that there would be such a heavy load on the ethereum network. Of course, the ethereum team should have solved the issue of coin scalability a long time ago, but not all of them are easily solved. We hope that in November the main part of the Ethereum 2.0 improvements will be implemented and this will allow already at this stage to have ethereum scalability in a thousand transactions per second. This will allow for the time being to solve all the current problems. In the meantime, with transactions in the ethereum network, you need to abstain or pay more.
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I agree, I don't like this either, and therefore at times I had to make transactions at very expensive prices, but in general there is a certain time when the price of transactions falls and you need to have time to make the transactions you need.
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I don't think its greed. Its just obeying the laws of demand and supply. If there are more transactions, fess spike. If less, fees dump. Remember miners have to make a living too
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We hope that in November the main part of the Ethereum 2.0 improvements will be implemented and this will allow already at this stage to have ethereum scalability in a thousand transactions per second.
I hope the Ethereum 2.0 upgrade will be a solution for members using ethereum. Lots of new tokens / coins are using ethereum so that it will harm investors, traders and holders if at any time they have to pay more gas fees.
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The Ethereum platform for transactions is currently hated by people. Because its gas free has increased a lot. Due to the increase in gas fee, some committed teams are not able to distribute their tokens. They have faced problems with the distribution of tokens. Because committed teams always want to distribute tokens. Due to increase in gas fee, they are not able to transfer with tokens. So many are being harmed. So I think there should be something about that.
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September 17 was Ethereum's busiest day on record. In addition to the daily transaction, gas charges have skyrocketed, causing the network to slow down as Uniswap users rushed to request UNI.Even if Ethereum 2.0 can scale, it will take a long time to happen. In fact, DeFi popularity did not dominate the market with the 2.0 update on the agenda.
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At present the ethereum gas fee has increased a lot. So I think a lot of users are suffering because of this increase. Why don't they get their bounty tokens. Because the teams take a long time to distribute their bounty tokens, they are not distributing. So I think users are getting hurt. If no action is taken in this regard, this section will continue.
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What you are saying is right for me just take out your found from eth why because 900+ gwei is coming now is time take out your found with 600 gwei fees will go up more dont wait for fees can come down hope you understand
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What just happened with the gas fees in the Ethereum network is really a big concern. This is not what all wanted and nobody is happy paying that much for the same service we are getting. Only Ethereum miners are so elated with this development. The problem is that Ethereum is excellent for many projects that leaving the network is not so easy to do. We should be demanding solutions to this problem.
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Greed has nothing to do with the current high gas prices on the ethereum network. Most likely, the popularity and demand for ethereum and tokens on its platform has caused a great overload, the network cannot cope with the increased number of transactions. There is nothing to be done, we will expect improvements in Ethereum 2.0. They have to solve the ethereum scaling problem.
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There is nothing to be done, we will expect improvements in Ethereum 2.0. They have to solve the ethereum scaling problem.
Everyone hopes that ETH 2.0 will be a real solution when Ethereum's fees are always high. ETH performance must always be improved, especially in executing transactions.
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The increase in Ethereum gas fees is hurting those of us who are users. Because many small transactions are not possible. For example, if we want to do a transaction, we need a lot of fees. As a result, it is not possible to transfer any token of small amount. However, the distribution of some projects is currently stuck. Because they can't pay for the gas fee. That fee is not budgeted in many projects.
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The current commissions of the ethereum only show problems that were known long ago. PoW and low scalability do not give new technologies the necessary tools for development. Perhaps with the release of ETH 2.0 problem will be solved and then, the most popular smart contract platform is waiting for further success.
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In the past days Ethereum transaction fees was skyrocketed to the high as 500+ gwei and today's transaction fees was already reach 600+ gwei this is insane I hope more projects are moving out from Ethereum because its already too much there are other smartcontracts platform that quite promising and stable Transaction speed and minimal fees like Tron,Credits and other smart contract providers are the best option.
well, no one is happy with that current high transaction fees on Ethereum blockchain, but then, I don't see many projects migrating to other chains because ethereum blockchain has proven to be one of the best blockchains to write smart contracts on, to even prove this point, there are currently many projects springjng up and most are ethereum based, the solution to this menace is ethereum 2.0, i believe that should solve the high fees problem
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Yes this is the problem of ethereum the fee can go higher. I hope that the ethereum 2.0 will resolve this problem but we don't know when will they release.. Well hopefully before end of this year.
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This really hinders the distribution of bounties and airdrops. I wonder why the project dev sticks with ethereum. With the expensive gas fee, this of course is detrimental to the project. And I hope that new projects can move away from ethereum in the future so that the distribution process is smooth and mutually profitable.
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What do you think of greed itself? In this situation, the eth gas fee is very high because of some problems such as the plan for ethereum 2.0. Additionally, the market condition in which the price increase significantly some period ago also influence the increase. Well, moreover about the crypto condition right now, I think it is usual if they increase the fees. However, I am personally also feel bad about the fees.
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Ethereum network monstrous transactions gas fees kills Ethereum popularity. I can't transfer my Erc20 assets due to the Ethereum transaction high gas fees. My tokens value 10 dollars gas fee more than token value... What a monstrous!!!
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The density of transactions on the Ethereum Blockchain makes people who transact on the platform have to install high gas so that their transactions can be processed faster. This is what causes Delivery fees on the Ethereum Blockchain to soar so high.