The network is much faster now. My today's transactions went OK
I agree, network is much faster. I dont know what the recommended Gwei is now but during the kittie problem I had to use 40 Gwei.
The network congestion is getting better, we can make transactions go through with way less Gwei than some days ago.
To find out how the current situation is and how much Gwei you should set check:
https://ethgasstation.info/ You can set your Gwei a bit above the safelow, this will be enough to make them go through.
I hope that the scaling issues of Ethereum will soon be something we look back to and laugh about. Ethereum has still a long way to do, but its a long way on the road of success!
yes network is getting better and transaction anr going cheap again but some times its not that cheap
ethgasstation show some times transaction lowest cost gwei is more then 20
but right now its 10 gwei lost cost for eth transaction
eth coin price is around 700$ in this month great achievement
i hope next month its will be higher then current price
it surely will go higher, but the price cant cover the problems of ethereum, VB must make some effort to solve this problem, otherwise people will turn to eos
I think ethereum teams can solve this problem as soon as possible, so that this project keep greater. Although it will need more time but i am sure will not be long, so we.must be patient
The scaling problem is a matter that all cryptos have to solve. However, I think ETH is doing pretty good by now. There's only
15k transactions in the mempool when
a bit less than a million transactions were made yesterday. That a 1.5% (or 20 minutes) backlog. The safe low gas price is now about 5 Gwei according to
EthGasStation. For a regular transaction needing 21000 gas, that's a $0.075 fee (with $700/ETH).
Now let's compare with Bitcoin's
110k pending transactions related to the
490k transactions yesterday. That's almost a 25% backlog (or 6 hours). The safe fees are around 400 satoshis/byte according to
BitcoinFees. For a regular transaction needing 250 bytes, that's a $17 fee (with $17,000/BTC).
So ETH network is processing twice the number of transactions that BTC network is processing daily with one-twentieth of the backlog and one two-hundreths of the fees. Plenty of work to do but I'm sure we are allowed to brag a little