Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on February 06, 2021, 09:22:04 PM
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Ethereum gas fees continue to rise following the recent all-time high. Decentralized Exchange (DEX) trading volumes are also surging.
Ethereum (ETH) may be the most popular cryptocurrency in terms of blockchain use at the moment. However, transactional costs are still a major hurdle for the second-largest crypto by market cap.
On Friday, 5 Feb, the crypto briefly pierced $1,750 a coin. Decentralized Finance (DeFi) is also partly to blame due to the growing demand of DEXs, which rely on the underlying Ethereum blockchain.
Source and continuation of the article: https://beincrypto.com/gas-fees-soar-as-ethereum-eth-reaches-new-all-time-high/
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For the Ethereum network, high transaction gas charges are by far the biggest problem that seems to be resolved only with the systematic implementation of Ethereum 2.0 improvements. How long it will take no one can say. If such a difficult situation with a high level of transaction fees for ethereum and its tokens persists for a long time, then many new projects, as well as part of those on the ethereum platform, will move to other platforms. This will not add to her popularity. It is necessary to solve something with this problem at least for some time.
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The easiest way to describe ethereum's fee problem is the word "robbery". almost all ethereum tokens have passed into their own networks. All tokens in their own networks solved the fee problem. ethereum still insists on robbing. ethereum 2.0 should be faster. It should come as soon as possible and solve the fee problem.
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The easiest way to describe ethereum's fee problem is the word "robbery". almost all ethereum tokens have passed into their own networks. All tokens in their own networks solved the fee problem. ethereum still insists on robbing. ethereum 2.0 should be faster. It should come as soon as possible and solve the fee problem.
I fully agree with the description of all this thing as a form of a "robbery" and this is done right before our round big eyes. The sad thing is that if you want to do a transaction under the Ethereum network, there is no choice but to hesitantly just say yes to this big robbery. This is the kind of vision we have for cryptocurrency and if Ethereum will fail to do something about then maybe it is time that we should be looking for a better alternative.