Topic: ETH high gas fee - page 33. (Read 23741 times)
I don't even know when it will come down. Because of this problem I have left many small transitions of my own. All waiting for ETHERIUM - 2. And hopefully that's why this GAS FEE will come down. But this causes a lot of trouble. People who are new to crypto are not even working because of this.
The ETH 2.0 release will help normalise everything. It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.
So, the problem is when the scalability update will be released? There's not exact date about when the sharding solution will be rolling out. Ethereum code developers are also need to testing all of the update gradually. Im still watching the progress of ethereum 2.0Ethereum 2.0 is not an aswer for all of problem in ethereum. There will always be a new problem to appear after the new update. That's why ethereum developers are engaging with the community to develop the various solutions.
As we continue bringing and discussing the most affected and pressing bugs they will definitely be seeing them time to time to bring an everlasting solutions to it. Sharding will definitely happen it might like not happen in the most expected time but it will happen to help cleanse the Ethereum network.
Definitely, this will last for a few more months with occasional ups and downs. DEFI is still a hot topic and it is one of the major reasons for high gas fees.
The ETH 2.0 release will help normalise everything. It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.
So, the problem is when the scalability update will be released? There's not exact date about when the sharding solution will be rolling out. Ethereum code developers are also need to testing all of the update gradually. Im still watching the progress of ethereum 2.0Ethereum 2.0 is not an aswer for all of problem in ethereum. There will always be a new problem to appear after the new update. That's why ethereum developers are engaging with the community to develop the various solutions.
The ETH 2.0 release will help normalise everything. It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.
We have anticipated that this should be done through Ethereum 2.0 and no doubt that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting Ethereum market. Ethereum blockchain and everybody is now worn out on holding up when Ethereum engineers will tackle this issue and in the event that this issue won't be comprehended soon, at that point I think considerably more individuals will utilize other blockchains for different exchanges.
Even after the launch of Eth 2.0, the gas fee has not decreased comparatively. eth 2.0 is an upgraded version. On the other hand, the transaction fee of Tron and Binance dex blockchain is much lower. Eth gas fees may decrease in the future. We have to wait. Otherwise it would be better to use another blockchain.
You will see the difference when the sharding solution already implemented and The gas fees will remain the same as sharding is not yet come. You must understand if that needs a very long process to be able implement the sharding solution.
Another chain has been implementing their own scalability solution as a way to fix the problems that encountered by the old chain like ethereum. That's why the tron or binance chain have lower fees compared with ether.
this is the effect of the popularity of ethereum smart contracts which are very popular with many dApp project makers and there are still many uses of smart contracts.
because the number of transactions on blockchains makes transaction gas expensive
This is the problem with each blockchains namely transaction fees and transaction opportunities
because the number of transactions on blockchains makes transaction gas expensive
This is the problem with each blockchains namely transaction fees and transaction opportunities
yes, after the launch of ETH 2.0 in no way affect the current ETH gas costs, it is still the same as before or currently the lowest ETH cost is around 14 gwei $ 0.17 for me personally this is still a high cost. when compared to ETH with TRX, TRX is certainly very cheap. but we will see the next day whether the price of ETH gas will go down or not, while the BTC market is still bullish and the price of ETH also goes up.
The launch is being carried out in phases so don't expect an immediate impact. As for the part of high fees. it's something subjective. Obviously if you are transferring only $10 or $5 worth of ETH then even a fee of $0.17 will seem very high for youBut for someone transferring ETH worth $1000 or $1M, even a fee of $5 will be very cheap compared to what other services like PayPal or Western Union charge to transfer money
Yes, now we have to see eth gass fee is high but It's normal if Ethereum gas fee increase because Ethereum is pumping presently, even Tron gas fee is no more the same amount, it's gas fee has increased since Tron cross over 0.02$, if you want a cheaper gas fee you need to wait for few more days or wait till Eth2.0 get launched in December.So there is nothing to worry about. ETH 2.0 will only solve this problem.So handle it normally.
Even after the launch of Eth 2.0, the gas fee has not decreased comparatively. eth 2.0 is an upgraded version. On the other hand, the transaction fee of Tron and Binance dex blockchain is much lower. Eth gas fees may decrease in the future. We have to wait. Otherwise it would be better to use another blockchain.
I think the main thing about the ETH gas fee is that the price of Bitcoin has gone up and so the ETH price has gone up a lot so maybe the fee is too high. But now that problem may not exist anymore because I think a solution will come to us when ETH 2.0 is fully launched. So there is nothing to worry about. ETH 2.0 will only solve this problem
At this moment you can use and make transaction in Ethereum with lower gas fee. Anyway, I always used Ethereum ever since despite of higher gas fee because it was one of the trusted digital currency second to bitcoin. Very useful for me and easy to use.
Yo, I'm not denying that Ethereum is currently the best, but the issue is why the gas fees doesn't make sense with the transaction. suppose there are people with lower token transactions, it will be more expensive to pay for gas than to sell their tokens. but I'm sure ethereum is currently trying to get rid of this problem, it's just too crazy just for a gas fee
At this moment ethereum is the most used and most popular platform based chain. And there are lots of chain available but people and devs like to release their project on eth blockchain. The fees of ethereum was always higher than other chains like neo tron eos. But still people prefer it over any chain. And after definitely projects started to go for hype the fees of ethereum start sky rocketing. But if you have to use those defi projects or some game their is no other choice. You have to use ethereum so do I.
I use ETH wallet most of the time.
All the coins I hold are made in the Etherium blockchain.
But lately I see ETH charging high gas fee which is very sad for me.
Will the etherium gas fee be reduced?
Seeking the cooperation of seniors.
All the coins I hold are made in the Etherium blockchain.
But lately I see ETH charging high gas fee which is very sad for me.
Will the etherium gas fee be reduced?
Seeking the cooperation of seniors.
we have no other choice but to follow these rules, but I am sure the transaction fees will drop one day, this may happen because of the density of transactions that occur in ETH, making ETH high gas, or maybe because the price of ETH has started to increase, there is not much that possible to do.
After the launch of ETH 2.0, the gas fee is much higher than other blockchains. It costs gas 3 to trade on uniswap. On the other hand, it takes 0.001 to transact in Tron Blockchain. I don't know what is the benefit of upgrading eth.
that's what is happening now, the cost of ETH gas is getting crazy. I as a minor player was shocked when I saw the very high cost of ETH gas. I hope that in the future the cost of ETH gas will be cheaper, otherwise everyone will switch to other, cheaper networks. I myself do not know why the cost of gas is so expensive, in contrast to 2017 the cost of gas is very cheap.
It's true that ETH gas fee is higher than some other blockchains like TRON and Binance chain, but there is still hope that it can be reduced in future. Nobody imagined staking with ETH, when the algorithm was POW. So too let's be patient and hope for the best.
it will end when the value of eth normalise at a lower level .
that is more sure than the eth 2.0 speculations .
rich people are willing to pay those amounts because it is only a penny to them but you dont need to be rich to pay a 3 dollars fee because men that is only 3 dollars .
if you can afford to invest using hundred dollar or more why cant you spend a 3 frickin dollar for such fee but there are hacks that you can do , try converting to other coin before you transact if that is possible and save a few dollara with that .
that is more sure than the eth 2.0 speculations .
rich people are willing to pay those amounts because it is only a penny to them but you dont need to be rich to pay a 3 dollars fee because men that is only 3 dollars .
if you can afford to invest using hundred dollar or more why cant you spend a 3 frickin dollar for such fee but there are hacks that you can do , try converting to other coin before you transact if that is possible and save a few dollara with that .
Bounty hunters are involved in many projects and when they receive tokens they sell them and every dollar is important, and there can be more than 10-20 projects and there is an opportunity to save 1$, then the amount is already 10-20$.
it will end when the value of eth normalise at a lower level .
that is more sure than the eth 2.0 speculations .
rich people are willing to pay those amounts because it is only a penny to them but you dont need to be rich to pay a 3 dollars fee because men that is only 3 dollars .
if you can afford to invest using hundred dollar or more why cant you spend a 3 frickin dollar for such fee but there are hacks that you can do , try converting to other coin before you transact if that is possible and save a few dollara with that .
that is more sure than the eth 2.0 speculations .
rich people are willing to pay those amounts because it is only a penny to them but you dont need to be rich to pay a 3 dollars fee because men that is only 3 dollars .
if you can afford to invest using hundred dollar or more why cant you spend a 3 frickin dollar for such fee but there are hacks that you can do , try converting to other coin before you transact if that is possible and save a few dollara with that .
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