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Author Topic: ETH GAS FEE IS DOWN 70%  (Read 4271 times)

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ETH GAS FEE IS DOWN 70%
« on: August 22, 2020, 02:06:13 PM »
Ethereum made an announcement to add OMG as a support for USDT transaction. over 1miilion usdt worth was move to OMG network a second layer network built in ethereum blockchain. it has been discovered that recently, the ethereum gas fees has drop significantly. it is a good move that will encourage users back to the ethereum Network.
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ETH GAS FEE IS DOWN 70%
« on: August 22, 2020, 02:06:13 PM »

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Re: ETH GAS FEE IS DOWN 70%
« Reply #1 on: August 22, 2020, 02:12:57 PM »
With the decreasing fee, ethereum will always be preferred in the ERC-based transaction platform. Bounty Hunter is not burdened with high gas fee.
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Offline wawan96

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Re: ETH GAS FEE IS DOWN 70%
« Reply #2 on: August 22, 2020, 02:46:54 PM »
gas eth down this time it was very good if normal gas possibility gas prices normal ethereum expensive because many transactions usdt every day and make the gas experienced a significant increase lately network blockchain ethereum very dense transaction make the price of gas continues to rise I think this it is normal that the price of gas went up, but if gas continues to rise will make ethereum left behind by their user this quite overcome with OMG blockchain network that has the support USDT to perform transactions.
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Offline lepbagong

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Re: ETH GAS FEE IS DOWN 70%
« Reply #3 on: August 22, 2020, 03:40:17 PM »
Ethereum made an announcement to add OMG as a support for USDT transaction. over 1miilion usdt worth was move to OMG network a second layer network built in ethereum blockchain. it has been discovered that recently, the ethereum gas fees has drop significantly. it is a good move that will encourage users back to the ethereum Network.

I hope this will be a lesson for ethereum to be able to accommodate some of those who do use ethereum as a transaction tool, but this morning I tried and there were changes but it was still not in accordance with my usual. I hope there will be improvements so that you don't disappoint many who use ethereum

for my friend who has provided this information once again, thank you and always continue to provide information for good.
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Re: ETH GAS FEE IS DOWN 70%
« Reply #4 on: August 22, 2020, 04:23:41 PM »
The transfer of USDT to OMG will relieve the pressure on the Ethereum network, but I don't think this will have any significant effect because the value of USDT transferred is not large. In my opinion, the main reason comes from the changing market trend, the demand for crypto trading has decreased significantly compared to the peak when BTC reached 12 500 USD.


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Re: ETH GAS FEE IS DOWN 70%
« Reply #5 on: August 22, 2020, 04:29:23 PM »
Well, thats good news, honestly I'm thinking to move to another blockchain like Tron because of my disappointments inexpensive gas fees of Ethereum Network but because of this new development, I will choose to stay and continue trade Ethereum based tokens.

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Re: ETH GAS FEE IS DOWN 70%
« Reply #6 on: August 22, 2020, 05:02:26 PM »
ETH's gas free has changed a lot. Increased a lot. I think this should be less gas free because many users have stopped using the platform for gas fees. So it may be a good news that it has decreased. Because it was not possible for users to transact for gas fee. Because a lot had increased I would like to make a transaction this week. So I'll see if the gas fee is reduced.
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Re: ETH GAS FEE IS DOWN 70%
« Reply #6 on: August 22, 2020, 05:02:26 PM »


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Re: ETH GAS FEE IS DOWN 70%
« Reply #7 on: August 22, 2020, 05:25:24 PM »
this is a major problem now, the rate at which the gas fee is so jow is very alarming, am having trouble sending out some few tokens to exchange for sell because the gas fee will eat up the worth of the token, such a sad situation for eth.

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Re: ETH GAS FEE IS DOWN 70%
« Reply #8 on: August 22, 2020, 06:56:27 PM »
I Also Think That ethereum really need some solutions, because transaction fees increased Day by Day . Transfer of OMG to USD is really leave positive effects and relief in transcation price of Etherium .
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Re: ETH GAS FEE IS DOWN 70%
« Reply #9 on: August 22, 2020, 07:23:54 PM »
With the decreasing fee, ethereum will always be preferred in the ERC-based transaction platform. Bounty Hunter is not burdened with high gas fee.
Yes brother you are right because Ethereum gas fees too much more than before. I can't transfer my Erc20 assets from my Ethereum wallet to exchange Wallet because if I sell my assets, then It could not cover gas fees and withdraw fees from exchange.

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Re: ETH GAS FEE IS DOWN 70%
« Reply #10 on: August 22, 2020, 09:25:34 PM »
I won't call it a " good news " because that thing may happen anytime without you even realize it.
ETH v2 should solve this issue of nonsense Fees, most blockchains are migrating to PoS (Proof Of Stake) after figuring it out that Pow (Proof Of Work) becomes unbearable with their Fees, sometime they take more than your centralized bank do lol which is absurd considering the whole idea of decentralization & cryptocurrencies.
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Re: ETH GAS FEE IS DOWN 70%
« Reply #11 on: August 22, 2020, 09:30:24 PM »
Yeah, whatever we say ethereum network always comes up with solutions, future belongs to ethereum and i am very bullish about eth provide they come up with smooth transition to eth 2.0

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Re: ETH GAS FEE IS DOWN 70%
« Reply #12 on: August 22, 2020, 09:36:53 PM »
Good news, there is still high, but compared to days before it dropped a lot, now I can send token with less than 1$, good move, but I think only ETH 2.0 will solve this issue.

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Re: ETH GAS FEE IS DOWN 70%
« Reply #13 on: August 22, 2020, 09:58:23 PM »
This is the best decision and to be honest, the Ethereum gas fee is currently very annoying, I am currently holding back several transactions in the hope that the gas fee will decrease in the near future.
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Re: ETH GAS FEE IS DOWN 70%
« Reply #14 on: August 22, 2020, 10:16:49 PM »
Yes, a good decision indeed. It is a welcome development much awaited especially from the huge Ethereum users globally. I have been wondering about the high gas fee and now I have a good relieved from the Ethereum network. I think whatever reason for this high fees is a thing of the past.

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