Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: jonathancool220 on March 12, 2022, 03:20:35 PM
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The altcoinstalks forum is very large and is accessed by all members in the world and of course the traffic for this altcoinstalks forum feels very good for finding information about Ethereum.
I am very interested in finding information about the shortcomings of Ethereum besides the high GAS fee because I see Ethereum as a durable coin and has such a large community.
Does anyone in the Altcoinstalks forum know about the weakness of Ethereum apart from expensive GAS ??
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Obviously the ongoing high gas fees for transactions in the Ethereum network is a testament of the current failure of the Ethereum people to come up with lasting solutions for the problem. Now, aside from that, Ethereum has a perceived problem with scalability and of course this is also tied to the gas problem. And then there are those who are accusing Ethereum of not being decentralized enough as compared to Bitcoin. Then there is no fixed supply for Ethereum which is again unlike Bitcoin. For now, Ethereum's strength lies a lot on it being a big haven for dApps and smart contracts. I am really hoping that soon people of Vitalik Buterin can once and for all stop the hemorrhage caused by high gas fees.
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The altcoinstalks forum is very large and is accessed by all members in the world and of course the traffic for this altcoinstalks forum feels very good for finding information about Ethereum.
I am very interested in finding information about the shortcomings of Ethereum besides the high GAS fee because I see Ethereum as a durable coin and has such a large community.
Does anyone in the Altcoinstalks forum know about the weakness of Ethereum apart from expensive GAS ??
Scalability is a common issue in the Ethereum network besides the exorbitant uncontrollable high gas fees. Network congestion is also another concern for us, in which we cannot control it. It results for us to pay higher gas fees to make the transaction go through. It sucks to be honest if you are paying an insane amount of gas for just transferring an ERC20 token to another wallet, swapping on DEXs or even minting NFTs.
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I also don't understand the development of coins from Ethereum, but I feel that it's hard to send Etherum coins, which often take a long time to confirm for delivery, especially if the GAS is lowered, the transaction will definitely fail and the GAS will be cut off.
Ethereum coins that have this TPS limit make it possible to not be able to send more Ethereum at the same time which of course will hamper a lot for the Whales to arbitrate.
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The real problem with transaction speed is that now Ethereum is faster than before, I think the high price of GAS Eth is the main weakness for Ethereum. I haven't seen any other drawbacks, instead I see Ethereum getting more and more popular at the moment.
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I don't see the weaknesses of ethereum because this coin is popular and recommendable for long term investment but the problem of ethereum here is the gas fees, sometimes it will increase suddenly. Even this now the gas is down and cheap but still expensive for me.
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We should not focus on the weaknesses of Ethereum but we should be able to look for the advantages of Ethereum because I am sure that if we already have the advantages of Ethereum then the weakness will be felt that Ethereum has no weaknesses.
The proof now is the expensive Ethereum GAS fee, but if we have a lot of Ethereum, the GAS fee will not be felt because we already have a lot of Ethereum advantages, please try and DWYOR.
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It is often seen that the transaction of ethereum is not successful and the transaction fee is deducted and the transfer speed is also very slow.