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Topic: eTH gas trouble - page 2. (Read 636 times)

hero member
Activity: 2058
Merit: 710
January 25, 2022, 07:38:59 AM
#48
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
legendary
Activity: 2492
Merit: 1215
January 25, 2022, 03:23:47 AM
#47
Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.


When was the last time you made a transaction on Ethereum? 6 weeks ago I've spent nearly a hundred dollars for a token transaction, now, based on etherscan.io I can do the same for $40. I would not call it "still high". And the transaction of just an Ethereum would cost couple of dollars. The trick of expensive transaction is in a contracts. If not, then why would sending two different tokens to the same address cost differently?
sr. member
Activity: 980
Merit: 255
HALA MADRID
January 25, 2022, 01:54:52 AM
#46
Anything about upcoming swap still use erc20 you need have ready much eth as fees transaction need to pay, if you want small fees you can use with BSC or polygon network. I think ETH still as most higher fees network than other network but usually only ETH as network without trouble, usually BSC get trouble and take more than one hour for transaction success with deposit or withdrawing BSC coin on exchange market but ETH always on time with higher fees.
hero member
Activity: 2646
Merit: 582
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January 25, 2022, 01:23:33 AM
#45
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Upcoming? What about the past dexe's. I heard that uniswap now allows polygon and polygon can be able to bridge your eth assets to the polygon network for you to trade in a much cheaper way. There is still a fees on doing this but it does not pass the fees that eth network ask.

If there are new exchanges that have a similar support well that's good, we have an alternative and see if the experience are much better than the previous competitors. Eth dev's wont let their costumers fled away because of the fee problem but they already acted before to solve the issue, have you heard of the eth 2.0? It is said to be done by this year so stay tuned.
full member
Activity: 1526
Merit: 110
January 24, 2022, 07:33:41 PM
#44
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right?
Ethereum high gas fee is a long standing problem. ETH developers have tried to solve this, but so far have not been successful. However, if you want you can do ETH transaction at low fee using other network like BSC network.
sr. member
Activity: 2422
Merit: 267
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January 24, 2022, 07:14:49 PM
#43
I am a person who doesn't have a lot of money, so when my er20 wallet has a token with an estimated value of 100$, I will not exchange it, just leave it in the wallet except for the estimated 1000$. due to the step of exchanging on dex uniswap or ethereum network doing three transactions the cost is up to 100$ normally.?
you do the right thing, it's better to wait for the situation to recover, in the sense that what you can do is reasonable and acceptable. because so far with a small nominal, if you do anything, it will be eroded by transaction costs that are not comparable to what you have.

for now, holding on to the wallet any longer is a very commendable act, waiting for changes to occur, which may or may not happen. because it saw that ethereum had not yet launched its new program due to some unknown obstacles which had also made one of its founders leave.
hero member
Activity: 1540
Merit: 507
January 24, 2022, 11:16:20 AM
#42
Polygon network can not be counted as a true solution to Ethereum high transaction fees, as fees in Polygon blockchain also rises. If not mistaken, they have increased two times during 2 months. Previously I was able to claim few MATIC from faucet to make a transaction and I even had some MATIC left. Now one claim from same faucet is not enough to make a transaction. Polygon is still cheap, but transaction fees are rising, same as BSC network fees. Slowly, every blockchain that tries to replace Ethereum, is having same increased fee problem.

I think this is kinda right because even BSC that was meant as a solution for the fee problem that ETH has right now finally and slowly having their fee increased despite designed by famous exchange like binance that knows really well about this kind of technical aspect.
matic I think more or less is the same because it’s basically having the same system as the rest of other alternative smart contract platforms and it’s most definitely gonna be experiencing the same problem regarding the fas price if their growth continues, but It’s just better having all these projects that are intensive like gaming projects spread across multi smart contract platform rather than just single platform so the fee problem could be lessened.
hero member
Activity: 3010
Merit: 666
January 24, 2022, 06:44:58 AM
#41
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
Not similar to Ethereum but because Matic itself was previously built through the Ethereum network, the Polygon network now looks almost similar to Ethereum and only differs in terms of transaction fees.
Yes, if we talk about transaction fees, it is indeed different and we can see for ourselves that the transaction fees of the Ethereum network are really high and inversely proportional to the Polygon network,
hope Ethereum transaction fees can go down and we'll see what happens
I was hopeless to see the ETH transactions fee goes down as it was more than 3 years that we've been struggling with this thing and not given the chance to change even though there are hard forks and upgrades happening. Fees are the main reason why other platforms gain an increase in users. Polygon and BSC have made it right and helped the community. Even me, I use to convert my ETH to other coins for this sake.
sr. member
Activity: 2002
Merit: 250
January 24, 2022, 04:45:16 AM
#40
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
Not similar to Ethereum but because Matic itself was previously built through the Ethereum network, the Polygon network now looks almost similar to Ethereum and only differs in terms of transaction fees.
Yes, if we talk about transaction fees, it is indeed different and we can see for ourselves that the transaction fees of the Ethereum network are really high and inversely proportional to the Polygon network,
hope Ethereum transaction fees can go down and we'll see what happens
legendary
Activity: 2492
Merit: 1215
January 24, 2022, 03:29:26 AM
#39
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.

Polygon network can not be counted as a true solution to Ethereum high transaction fees, as fees in Polygon blockchain also rises. If not mistaken, they have increased two times during 2 months. Previously I was able to claim few MATIC from faucet to make a transaction and I even had some MATIC left. Now one claim from same faucet is not enough to make a transaction. Polygon is still cheap, but transaction fees are rising, same as BSC network fees. Slowly, every blockchain that tries to replace Ethereum, is having same increased fee problem.
sr. member
Activity: 1918
Merit: 256
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January 24, 2022, 03:03:45 AM
#38
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
hero member
Activity: 2058
Merit: 710
January 24, 2022, 02:47:45 AM
#37
Keep high each that will be issued when making transactions using the Ethereum (ETH) network. This is one of the reasons why many large projects use other crypto networks instead of the Ethereum (ETH) network.
Nothing can be tricked if the network is Ethereum (ETH), because improvements to transaction fees on the Ethereum (ETH) network have not yet come even though the value of Ethereum (ETH) itself has decreased in the market but the Gwei fees are still rising.
hero member
Activity: 2828
Merit: 611
January 23, 2022, 01:35:48 PM
#36
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
I think is going to be a jaw dropping initiative if it is going to be realizable but what I see from this post it isn't, because for you to move from ETH network to another will also demand gas fee, it hasn't remedied the problem here. Now all eyes are on arrival of ETH2.0 as that might be solving the gas problem significantly. Still, we need to consider other dapps platform based coins to save on transaction fees.

I mean if ETH2.0 gets delayed then I guess etehreum cannot hold all the people to keep supporting it as they might be preferring to switch to other similar coins for saving their transaction fees. So, ethereum devs need to address this as early as possible for the sake of continuous growth of ethereum.
full member
Activity: 1190
Merit: 123
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January 21, 2022, 03:47:08 PM
#35
We already see the development of Layer 2, there are already such bridges as Aurora with the ability to transfer entire applications from Etherium, and yet there are no changes in the price of gas.
Keep high each that will be issued when making transactions using the Ethereum (ETH) network. This is one of the reasons why many large projects use other crypto networks instead of the Ethereum (ETH) network.
I don't see why anyone who can't afford eth gas should be using it, I don't even think of making any transaction in eth since the gas fees are something else, instead I move to Near protocol and the gas fees there are super cheaper, buying,selling, Minting of NFTs everything on Near is super cheap and undervalued and with aurora live on near,any dev can easily move their project to aurora without changing a single line of code, aside that on Aurora transactions are gasless, meaning you can use all eth dapps without paying a dime for gas fees, mad stuff if you ask me.
legendary
Activity: 1722
Merit: 1014
January 20, 2022, 08:06:58 PM
#34
I don't quite understand how these gasless swaps work... If you transfer ETH from one wallet to another - you have to pay big fees. If you wrap ETH and then swap it with lower fees, you pay for wrapping, don't you?
full member
Activity: 743
Merit: 110
January 20, 2022, 07:57:10 PM
#33
Ethereum network is known for its high transaction fees or gas fees. Some time ago, whale who called himself Mr. Whale, admitted to buy cup of coffe for 4 US dollars using ETH, and the gas fee was more expensive than the price of the cup of coffe he bought.
member
Activity: 1092
Merit: 67
January 20, 2022, 06:58:34 PM
#32
...So if that real so its a very good decision.

The problem with high commissions in the Ethereum network cannot be solved with the help of bridge. Using the bridge, you move your cryptocurrency to another alternative network with a lower commission, but when transferring, you will still need to pay a commission on both networks.

If they can lower the transfer fee, why not? But if not, why move it to unfamiliar network? ETH already earned their credibility as a network, this is why people are trusting this despite of high gas fee. But if they will move to another network which we have no idea about their foundation or if they will stay long in the market, they have no assurance if they can get the services they want. We can only assess their performance once they are already up and running. If they are still in the development stage, then, we can't talk about them yet.
legendary
Activity: 2268
Merit: 1655
To the Moon
January 20, 2022, 05:43:22 PM
#31
...So if that real so its a very good decision.

The problem with high commissions in the Ethereum network cannot be solved with the help of bridge. Using the bridge, you move your cryptocurrency to another alternative network with a lower commission, but when transferring, you will still need to pay a commission on both networks.
legendary
Activity: 3318
Merit: 1128
January 20, 2022, 03:43:19 PM
#30
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Places like Matic with quickswap type of systems allow people to actually end up with a great return. I have to say that it is not something that I support directly because it means ETH is irreversibly bad, which I do not believe in, but I do believe that we are doing alright so far, not great but alright with ETH and that means all these bridge stuff will be gone one day when ETH is better. So for the time being they are fine, Matic is fine, SOL is fine, they all solve a problem that we have, but in the future when ETH gas fee drops then all of these projects will crash and they will not worth what they worth right now.

Look at BCH and BSV, they were solutions for high BTC transaction fee as well, and then BTC went with segwit and now doing bech32 or something forgot the name, and BCH/BSV combo is nowhere to be found because they are not needed anymore.
newbie
Activity: 44
Merit: 0
January 20, 2022, 12:07:43 PM
#29
We already see the development of Layer 2, there are already such bridges as Aurora with the ability to transfer entire applications from Etherium, and yet there are no changes in the price of gas.
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