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Due to the high gash fees of ethereum, many products have turned to BSC smart chain, hopefully this will improve with the successful implementation of 2.0.
Quote from: kirshna01 on January 22, 2022, 08:31:54 PMDue to the high gash fees of ethereum, many products have turned to BSC smart chain, hopefully this will improve with the successful implementation of 2.0.People are disappointed with too expensive gas fees, so they are starting to move to BSC Smart Chain in Binance. We already experienced very expensive gas fees for more than 2 years. I think people are frustrated waiting for the solution made by Vitalik and the teams. There is no change at all until today, nothing improve this situation. Regarding ETH 2.0, I am not sure it is the solution to the expensive gas fees.
Current gas fee are rising so much that it is beyond imagination. Because if a token can be transferred then there is a huge gas fee cost. Selling tokens costs a much higher gas fee than what can be found.
Since ETH's gas fee is excessively high, most projects won't use this network to build their projects since ETH's charge is unaffordable, but a team is working on building Eth2, if this occurs, the gas fee will drop.
Yes, it goes up faster than ever before. I quess it is because of price specifically of Ethereum itself. What is next we do not know. Only to read articles , blogs or videos about that, nothing else. I advice not to do fees in the next month and do not panic.