Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Master107 on April 22, 2021, 01:47:52 AM
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
Ethereum gas fees is now a tremendous problem for the crypto users specially small users. In every transaction, you have to pay $20-$100 and if you want to make swap in uniswap and other swaps sometimes, you have to pay more than $120. Can you imagine the fatal impact on the mind of the users?
That's why new projects are coming on BSC and old many project are migrating to BSC for avoiding this issue. YOu will be surprised that two days ago, Pancakeswap made 2M transactions where whole Ethereum network made only 1.5M transactions in the 24 hours.
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Can you imagine the fatal impact on the mind of the users?
Horrible.
Much bigger risk to swap and pay +100$ just for gas and yet not sure if the token will come up to +100% increase. That is rediculous.
Meanwhile, BSC is catching the opportunity as sweet like a honey.
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Can you imagine the fatal impact on the mind of the users?
Horrible.
Much bigger risk to swap and pay +100$ just for gas and yet not sure if the token will come up to +100% increase. That is rediculous.
Meanwhile, BSC is catching the opportunity as sweet like a honey.
BSC now already become superhit. Sooner or later BSC will overtake Ethereun network as Ethereum network development that we have been calling Ethereum2.0, needs huge time to complete. Till then BSC will be number one blockchain network surpassing Ethereum. Already we are observing nearly same transaction or nearly same transaction amount between Ethereum and BSC. Only Pancake is facing tremendous transactions that is higher than whole ethereum network transaction. It proves that Ethereum is now going to face serious completion with BSC.
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If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
Yes gas matter is the big problem now. I believe Ethereum team will solve this problem . We should wait until July this year. BSC is good alternate, but I think Ethereum is still the best smart contract platform..I think.
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No need to wait long, now many people have moved to the BSC network because of the high ERC-20 token transaction fees. I myself wonder why this problem can drag on for so long, as there is no way out by Ethereum. Ethereum which we used to love now is a real disappointment.
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No need to wait long, now many people have moved to the BSC network because of the high ERC-20 token transaction fees. I myself wonder why this problem can drag on for so long, as there is no way out by Ethereum. Ethereum which we used to love now is a real disappointment.
I still have hope that the fee situation will change. but nevertheless, you need to take into account the fact that today the commissions for transactions are on average 115 gwei, although recently they still reached 400 gwei and of course the popularity of DeFi greatly affects the cost of the transaction, But over time, their activity will also decrease.
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Gas fee is of great importance, but I think the Ethereum team is working on this problem very actively and it will be resolved this year. With high commissions, development and price growth will be severely hampered.
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~ There is a tendency that more and more erc 20 users will migrate to BSC.
Tendency you say?
(https://i.ibb.co/K5n6jGf/Untitled.png)
Retail traders have moved on to other blockchains like BSC. Only whales/big traders who can obviously afford the fees and Ethereum fanatics/maxis have stayed.
Regular people wouldn't really sacrifice $30 fees on Ethereum over $0.50 on BSC.
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~ There is a tendency that more and more erc 20 users will migrate to BSC.
Tendency you say?
(https://i.ibb.co/K5n6jGf/Untitled.png)
Retail traders have moved on to other blockchains like BSC. Only whales/big traders who can obviously afford the fees and Ethereum fanatics/maxis have stayed.
Regular people wouldn't really sacrifice $30 fees on Ethereum over $0.50 on BSC.
I agree. Only whales or big traders can afford Ethereum fees which it seems Ethereum transactions is exclusively for them, I hope not so in due time. Gas fee is enough for investment, annoying ;D Meanwhile, BSC is a place for everyone. Appreciated
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Indeed, I lost the moment from Ethereum because of the problem in fees.
It is also difficult for Ethereum to lower the transaction fees because the price of Ethereum is also getting more expensive.
I also believe that Ethereum will really be even more valuable if each token delivery costs only 1 USD, but this may be difficult to happen.
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No need to wait long, now many people have moved to the BSC network because of the high ERC-20 token transaction fees. I myself wonder why this problem can drag on for so long, as there is no way out by Ethereum. Ethereum which we used to love now is a real disappointment.
Don't jump to conclusions. The ethereum network is really tough right now, but it should be over soon. We only have a few months to wait. Ethereum still has a large community, most tokens are issued on the ethereum platform. If gas prices return to normal after July, ethereum will resume its popularity.
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No need to wait long, now many people have moved to the BSC network because of the high ERC-20 token transaction fees. I myself wonder why this problem can drag on for so long, as there is no way out by Ethereum. Ethereum which we used to love now is a real disappointment.
Don't jump to conclusions. The ethereum network is really tough right now, but it should be over soon. We only have a few months to wait. Ethereum still has a large community, most tokens are issued on the ethereum platform. If gas prices return to normal after July, ethereum will resume its popularity.
Stacking and burning Ethereum fees will further increase the chances of Ethereum's already huge success. at least high gas commissions can be afforded by large and expensive projects that use erc20. And other projects for the poor will develop on other platforms where a lot of garbage will be collected.
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Alright, just to update you guys that gas price decrease to $2 slow, 2.06$ normal, $2.37 fast, $2.67 instant.
The price is base on Ethgas watch.
Also we can confirmed this in this topic Yet another gas fee thread. -By: Zed0x (https://www.altcoinstalks.com/index.php?topic=207023.0)
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That BSC will outperform Ethereum is something I've been saying for weeks, snd I'm not saying this because I'm smarter than the others, I'm saying it because the market quickly "forgets" projects that don't make things easier, and Ethereum has been making things difficult for us for a long time, it is normal for BSC to keep moving forward and improving, Binance knows that sooner or later they will surpass Ethereum.
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You have shared a beautiful and informative post with us. Hopefully many senior and junior members can learn a lot from this valuable post of yours.But what you have discussed is very sad for Etherium. Hope to be able to bring good profit next time.
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
You're right, gas fee matter be the reason why Ethereum losing the one important attraction..Several projects have migrated to binance smart chain. I think BSC has good solution for high gas fee of ERC20.
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
Ethereum gas fees is now a tremendous problem for the crypto users specially small users. In every transaction, you have to pay $20-$100 and if you want to make swap in uniswap and other swaps sometimes, you have to pay more than $120. Can you imagine the fatal impact on the mind of the users?
That's why new projects are coming on BSC and old many project are migrating to BSC for avoiding this issue. YOu will be surprised that two days ago, Pancakeswap made 2M transactions where whole Ethereum network made only 1.5M transactions in the 24 hours.
While Ethereum's gas-fee has been on the rise for some time, its gas-fee is now largely affordable.In fact, transactions on the Ethereum platform are now much more fee. Hopefully the Ethereum platform will regain the popularity it lost.
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I don't think project teams that have migrated their chain to BSC are going to go back to Ethereum now, it would be a waste of time, resources and credibility. The problem of high transaction fees has played a trick on Ehtereum and I think now it is paying the price. If the cheap rates that we see now are maintained surely some new projects will use the Ethereum chain again. But the truth is that Ethereum has missed big projects.
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
I saw many people complain about high gas fee of ERC 20 platform. I think I personally as bounty hunter and trading also suffering about this problem..
If you said Ethereum is losing the one important attraction, I think You're right.
But We all see Ethereum price is going strong now, and has touched $ 3,500, Although I see etehreum price is going down again now.
I think Many investors still believed in Ethereum and the team.
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Due to the extra increase in gas free of etherium. Many users are seen making small transactions on the Etherium platform. They cost from 30 30 to 40. As a result they left the Ethereum platform. BSc is showing more interest in the network. It looks like the BSC network will soon surpass Etherium.
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High fees recently become the big matter of the Ethereum platform, that is why many projects change to use BSC platform than ERC20 from Ethereum. The high fees can really influence many things, moreover when the withdrawal fees are increasing or very high only for transfer tokens worth small in USDT. But right now, actually, the fees are lowering. Check them out
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High fees recently become the big matter of the Ethereum platform, that is why many projects change to use BSC platform than ERC20 from Ethereum. The high fees can really influence many things, moreover when the withdrawal fees are increasing or very high only for transfer tokens worth small in USDT. But right now, actually, the fees are lowering. Check them out
The transaction fees have come down quite a bit and are now more or less reasonable, but I don't know if the solution is going to be definitive or is it a simple momentary patch. The Ethereum developers have not announced that the "London" hard fork will be canceled, and that makes me suspect that the current solution may not last long.
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Ethereum gas fees are becoming a big problem day by day.People are not getting good profit for etherium gas fee.Because it turns out that it takes a lot of time to pay a gas fee more than the amount of tokens we get.If the gas fee is more than the token then we are not getting any benefit.People will be able to do better from the day the etherium gas fee is reduced.
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It is also very difficult to solve this problem because Ethereum is really very sad when viewed in terms of transaction fees which can make everyone disappointed and reluctant to use Ethereum.
We also can't do much and can only discuss in this forum that the cost of Ethereum is very expensive and we have to stay away from it for a long time because until this moment the cost of Ethereum is very expensive, Oh My God!
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I think one of the area of concern is the gas fees is too high that's why many actually diverting their attention trying to use any other means to transact or transfer coins and token to other wallet, I think that's why people are changing there mind but I think Ethereum blockchain need to do something about this etherum gas fees because many of us have loosed the token will supposed to receive through etherum Blockchain.
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I think one of the area of concern is the gas fees is too high that's why many actually diverting their attention trying to use any other means to transact or transfer coins and token to other wallet, I think that's why people are changing there mind but I think Ethereum blockchain need to do something about this etherum gas fees because many of us have loosed the token will supposed to receive through etherum Blockchain.
I believe that this issue should be approached irrationally and think about the prospects of the project, and not about high prices for GAZ. of course, it is not profitable for an ordinary user to pay a lot for a transaction if the tokens are shitcoin.
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Ethereum will have to make major changes to Gas fees to win more sympathy from the Ethereum community and lovers. The high price of gas really makes us uncomfortable, if there is another way to send tokens at a lower cost, then why use Ethereum which is obviously very expensive.
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Yes, now many people move to the BBC network, because the Ethereum gas fees are very high. Sooner or later the BBC will take over the Ethereum network if the problem of high gas fees is not resolved immediately. Now many new projects use the BBC network and many old projects are migrating to the BBC network to avoid the problem of exorbitant gas fees. We used to love and trust Ethereum as the best and most popular blockchain smart contract platform but now it is very disappointing. Hopefully the Ethereum network developers solve this problem soon.
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Ethereum gas fee expenses is now a notable hassle for the crypto users mainly small customers. In each transaction, you need to pay $20+ and in case you need to make swap in uniswap and different swaps sometimes, you need to pay extra than $80+. That's why new projects are approaching BSC and antique many challenge are migrating to BSC for heading off this issue. Pancakeswap made 2M transactions some days ago in which entire i think Ethereum made best 1.5M transactions withinside the 24 hours. Much larger hazard to switch and pay 100$ only for gas fee. That is rediculous. BSC is catching the possibility.
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For rich people, this is not a problem and therefore big players are ready to pay any money for cryptocurrency transactions that are carried out through the Ethereum blockchain, but for most people, of course, transactions worth of 50$-100$ and above are of course a huge problem and therefore most people cannot do cryptocurrency transactions on the Ethereum blockchain due to very expensive transactions and unfortunately Ethereum developers don't care about it.
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For rich people, this is not a problem and therefore big players are ready to pay any money for cryptocurrency transactions that are carried out through the Ethereum blockchain, but for most people, of course, transactions worth of 50$-100$ and above are of course a huge problem and therefore most people cannot do cryptocurrency transactions on the Ethereum blockchain due to very expensive transactions and unfortunately Ethereum developers don't care about it.
to date, the commission is not too big. And this must be admitted. many are already unhappy with uniswap's high fees. but when it comes to ETH, you have to pay for quality.
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Because of the high gas fee the ETH losing his importance and this is true. This time in the market new projects are go to the BNB and also to TRON wallet becasue they apply the low fee.
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I've seen an increase in gas fees on the ethereum network since the DeFi project started. I think it's good because some investors and traders have made a lot of profit with the rising Ethereum price reaching a new ATH at $4k price.
as ethereum platform user i will wait for the fork in july and migrate to the new project in the bsc, all the choice is up to everyone, they need to be a little patient because ethereum #DevelopmentTeam have been thinking about this problem by doing Eth 2.0 which is still under development and fork in July.
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We are all aware about the tremendous gas fee of Ethereum.
For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.
If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.
Gas fee matter.
Yes, you're right. Ethereum is losing the one important attraction because so high gas fee.
Several projects have migrated to other smart contract platform like binance smart chain, TRC20 and several in waves.
That's phenomenon when ERC20 gas fee is so high.
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Currently the cryptocurrency market is very volatile. For example, the price of ethereum fluctuates a lot. The best time to invest in Ethereum is because the cryptocurrency market is slowly getting better again. Market conditions are expected to change much sooner. Prices of other products, including Bitcoin, are currently rising. So ethereum is becoming much more valuable.
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Because of high fee the ETH is going to be lose its importance and its true and the new projects are go to the TRON wallet and also to the BNB wallet becasue of low fee.
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One of the reasons Etherium is losing its popularity in cryptocurrency is because their additional transactions are fee. This is one of the obstacles to their growth. Currently people are suffering from a lot of problems only with this Ethereum platform. So people are rushing from this platform to other platforms day by day.
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The main reason Ethereum is losing popularity is that Ether gas is more free. That is why the popularity of etherium is declining or getting lost day by day. The Ethereum platform is currently suffering from various problems. Other coins are now on the rise. On other platforms it is increasing day by day.