Topic: Ethereum gas problem to be resolved in July - page 5. (Read 990 times)
My question is why do they have to wait until July? Isn't that still very long, while the expensive fees have occurred since a few months ago, they should have been able to work faster, besides in July we don't know whether the fee problem will be resolved or not
I doubt that this so called solution to eth gas fee will be put to work in the end, ethereum mining algorithm has a big role to play in the life of ethereum project, getting rid of miners will end up hurting the project itself, instead the team should focus on better solution that won't hurt the miners and will also make transaction cheap for adopters
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I hope these miner pools come to their senses and will not mind (EIP) 1559. Currently, the public is not aware of (EIP) 1559.
Probably, governments will intervene because this is an organized conspiracy due to which millions of people suffer.
Hoping government intervention is as good as hoping the government gonna intervene to the whole cryptocurrency world which I hope won't happen. This problem that ethereum has regarding miners opposition against EIP 1559 must be resolved by the whole ethereum community itself, miner for the most part only cares about profit so I doubt they gonna change their current stance. Probably, governments will intervene because this is an organized conspiracy due to which millions of people suffer.
I hope so. Currently, I'm planning to change my smart contract and networks into another alternatives which I think more convenient compare to eth. But now that there is some good news like this, maybe I'll reconsider, I just hope that this is legit.
Don't be too quick to believe what whatever ethereum team are planning, weeks later they can change their plan again and instead bring something new up, the EIP1559 might not happen because not everyone wants it to happen, for example top ethereum pools They have to do everything to solve this problem, now that there’s a big competitor coming into this market, they can’t afford to lose any chance or else switching into another network is possible. But seriously, July is quiet far from reality, why they can’t solve this as much as possible since this is the problem we’re raising since last year, I hope Vitalik will do better this time and no more delays.
Ethereum is live and have project running on it. It is a lot more difficult to upgrade a system without downtime. Cardano is not yet up and running with live projects so they have more flexibility.
I hope this ill resolve the problem in ERC-20 problem. Since Defi hype started doing microtransaction is not practical. Many ERC-20 users had to pay a huge amount of gas for transactions to go through, or even developers who will need to do swaps or airdrops have to pay a huge amount. If this will not be solved as time pass by, many competitors will take the ETH platform's place sooner or later. I even stopped using my ERC-20 wallet because of the ridiculously high fee and I had to let go of some of my coins because of this.
Hopefully it is true that in July the Ethereum gas fees problem will be resolved, because of the high gas fees, it is very difficult for users of
the Ethereum blockchain network at this time. Cannot move tokens to exchanges, because gas fees are too high. Actually I want the Ethereum
gas fee to go down in the near future, but if it's not possible, I have to be patient for another 4 months. What's annoying is that because of
the high gas fees, many bounty hunters have not received tokens from bounty campaigns. There is no other way, but to wait until the gas fee
actually drops again.
the Ethereum blockchain network at this time. Cannot move tokens to exchanges, because gas fees are too high. Actually I want the Ethereum
gas fee to go down in the near future, but if it's not possible, I have to be patient for another 4 months. What's annoying is that because of
the high gas fees, many bounty hunters have not received tokens from bounty campaigns. There is no other way, but to wait until the gas fee
actually drops again.
In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
These are predictions that the gas price will be reduced in the coming months and we will know whether it will happen in the coming months, there are many layers to it when it comes to the price, the miners might be selling the coins to cover their profit and it will have an impact on the price and i consider the valuation of ETH above $2000 an unprecedented level with higher transaction charges and i am expecting a correction. Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
hopefully this news will be true mate,
because if the gas fee still high on ethereum, i'm sure a lot of project will move from ethereum network to other network such as BSC
We hope so but the miners should have supported this EIP and i think that the majority of miners are supporting it right now. They should never be greedy to get more and more money from the users. They must think about how to make the users will be going back to use ethereum again soon. If there will be no users and miners will get nothing. because if the gas fee still high on ethereum, i'm sure a lot of project will move from ethereum network to other network such as BSC
The miners should vote yes and upgrade their nodes to support this update soon. I hope we will not see nonsense fees on ethereum again.
I hope so. Currently, I'm planning to change my smart contract and networks into another alternatives which I think more convenient compare to eth. But now that there is some good news like this, maybe I'll reconsider, I just hope that this is legit.
Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
Well, I hope so but I don't give a 100% expectation to that since we know that we have a lot of market promises that Vitalik did and it fails. I know the fees it really disappointing, but I believe this will have an end if the market drops again. If we have another way to cut these huge fees that will be the best idea. Because until the situation goes like this, small investors can't move their funds to other ERC tokens. Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
I hope their target is achieved on time, without being delayed. however, Ethreum users cannot wait for months to enjoy low-cost transactions.
Current ETH transaction fees are absolutely insane, yesterday for fast transactions it could cost $ 30 USD in transaction fees, what if the token to be sent was less than $ 50 USD? Of course it's better to be quiet.
Current ETH transaction fees are absolutely insane, yesterday for fast transactions it could cost $ 30 USD in transaction fees, what if the token to be sent was less than $ 50 USD? Of course it's better to be quiet.
That's a long way to go but at least, we know they are addressing this problem. However, for other platforms, this is good time to promote their network offering small or competitive fees like the BSC. Up until the gas fee problem is resolved under eth, we will see other networks to gain support from developers or crypto traders. Right now, it is not smart decision to move your assets under eth network, as you may end up paying unreasonable fees for nothing.
I hope their target is achieved on time, without being delayed. however, Ethreum users cannot wait for months to enjoy low-cost transactions.
Current ETH transaction fees are absolutely insane, yesterday for fast transactions it could cost $ 30 USD in transaction fees, what if the token to be sent was less than $ 50 USD? Of course it's better to be quiet.
Current ETH transaction fees are absolutely insane, yesterday for fast transactions it could cost $ 30 USD in transaction fees, what if the token to be sent was less than $ 50 USD? Of course it's better to be quiet.
Well if it's going to come earlier the better and if not then it's just going to make us feel ignored in paying the high fees. Less transaction I done in several months passed because of the transaction, its just not worth doing anymore.
Many of us are also excited about staking ETH2 for the staked ETH can only be moved on 2022, the price should really breaking resistances.
Many of us are also excited about staking ETH2 for the staked ETH can only be moved on 2022, the price should really breaking resistances.
This is a great update. It will be very beneficial for all who want to transact out of the Ethereum platform. My many ERC-20 tokens are not transferred only due to high fees. Also, heard some issues of not getting the transaction completed for days even the required fees is paid.
Let us hope for the best once that update will come with ETH2.0.
Let us hope for the best once that update will come with ETH2.0.
hopefully this news will be true mate,
because if the gas fee still high on ethereum, i'm sure a lot of project will move from ethereum network to other network such as BSC
because if the gas fee still high on ethereum, i'm sure a lot of project will move from ethereum network to other network such as BSC
in my opinion the high, exaggerated fees of ethereum are linked to its high value, and i believe that nothing will change with the release of eth 2.0 which in my opinion will not be in July but if all goes well maybe next year
in my opinion the high, exaggerated fees of ethereum are linked to its high value, and i believe that nothing will change with the release of eth 2.0 which in my opinion will not be in July but if all goes well maybe next year
Most chances they will do some better for this all and surely they are doing some good work on high gas fees because currently they are facing some tough competition from few competitors which can hurt them in long run so they are going to give this good news in future and its going to be very good for this community and ethereum. Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
It's a good move for Ethereum to launch this if they solve the gas problem in the Ethereum 2.0 project (I doubt), no one could stop Ethereum to skyrocket and get close to bitcoin.
A lot of platforms is considering other networks that have lower fees, other networks like BSC is getting a lot of attention in different platforms and most of the recent launch use BSC network that has much lower fees.
As long as they solve the problem it's all gonna be good even if they take a long time doesn't matter to me, I still use metamask, MEW, and other eth exchanges if it is convinient.
I hope these miner pools come to their senses and will not mind (EIP) 1559. Currently, the public is not aware of (EIP) 1559.
Probably, governments will intervene because this is an organized conspiracy due to which millions of people suffer.
Probably, governments will intervene because this is an organized conspiracy due to which millions of people suffer.
Jump to: