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Ethereum Forum / Re: What is this? [rant]
« on: June 06, 2024, 10:01:40 PM »It's Coinbase Wallet, so it follows the usual network estimation parameters for finding the slow, medium and fast fees.Due to high transaction fees, it seems that Bitcoin and Ethereum are no longer suitable for supporting micro-transactions. I think they were designed to serve the more important needs of large organizations, or even countries, such as tokenization, capital rotation...
These are usually always very high but this morning I checked and the fees happened to be just low enough for the payment to go through.
If only the various exchange websites for BTC <=> altcoins weren't so scummy, I would've ditched Ethereum payments long ago.
Waiting or setting up lower fees on the Ethereum blockchain may not be easy for most users, I think Layer-2 or newer, faster and cheaper blockchains may be a more suitable solution for users. We need to wait for crypto to be more widely accepted, businesses to accept more tokens and allow users to avoid excessive transaction fees.
the more its widely adopted the more its network going to get congested. the LN use to be so cheap less than $0.10 i think but now it can still go up to $200 at its peak.
there has to be a network that will auto adjust its fee to the very minimum when something like this happens.
i have the paranoia they are doing this on purpose so people will start to just use the exchanges and banks that allow crypto deposits and not the custodial wallets we download.
![Grin ;D](https://www.altcoinstalks.com/Smileys/default/grin.gif)