Topic: Ethereum gas problem to be resolved in July - page 6. (Read 1011 times)
I think July is still too long. but if it takes longer, everyone will move to the BSC. many people have complained but can not do anything. price of ERC tokens that increased but could not sell because transaction fees were still expensive. but if it is true that the problem will be resolved I think it will also affect the market conditions for 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/
I hope so because if these problems stay for long I believe it might cost Ethereum a lot, Thats why they should find any immediate solution to the problem because many users are already pissed including me I wish to jump in BSC or Tron but my Holdings was still in ERC20 thats why I can't do anything for now but to wait and slowly released my token if the gas price was reduced.
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/
Sounds like you are 💯 sure about this, ethereum dev and team have let me down few times already and not ready to place another bet on this one, EIP1559 might still be postponed again or even get cancelled, don't trust anything these people says until they make it happened 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/
So I am guessing for those who bought Mining rigs because of the high fee of Eth they would soon be selling it off once the transaction fee has been resolved,
And I hope it would be done earlier the transaction fee is too high right now even if our erc20 tokens has been pump it is hard to sell off because of the gas fee it would take away some of our profit.
And I hope it would be done earlier the transaction fee is too high right now even if our erc20 tokens has been pump it is hard to sell off because of the gas fee it would take away some of our profit.
little bit dubious about the statement but i hope it will actually happen in july, if they don't keep their promise maybe everyone will doubt ethereum again, let's see and wait at least 4 months
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/
Honestly I have stopped looking for any promises made in eth 2.0 . It's gonna get here when it's gonna get here ..there have been so many delays already and I am fed up like the rest of the people.
I don't trust anything vitalik promised the world, that time might come and they will change their ways again, remember how many months we wait for PoS algo to get here in 2020? Nah I'm done with looking forward to what's coming.... Let's wait and see if this eventually become a reality, I heard some top mining pools are so against this EIP1559 but only the future holds the answer
Yeah very likely when the time comes they will have a reason to postpone and give excuse, July is not very far, about 4 month from now, lets hope this time they will be able to keep their promise, in the main time, users will continue to endure the high transaction fee till when the issue is rectified by July (if it will actually happen).
Between why will they be against the eip1559! if the improvement system is the solution to this problem why not support it, except there is a hidden agenda behind, probably they are benefiting from the high gas shit.
We're hopeful for that resolution for the high gas fees. Because if there were cheaper fees for each transaction, there will be a massive transaction that can happen from day to day.
And those projects that have chosen other chains don't have to migrate with those and will choose Eth's smart contract because the solution has been made for high fees.
And those projects that have chosen other chains don't have to migrate with those and will choose Eth's smart contract because the solution has been made for high fees.
the major problem will be if the market bullrun continues the gas prices will be going in for much higher rate and the time from now to july its still a long periode and a lot can happen.
if you look at the gas fees rate going in day by day that shit going expenential.
sending anything below 100usd worth in erc20 token is not worth it only whales can still do whatever they want.
the EIP1599 upgrade surely it will help but it needs to be fast tracked two weeks ago they sad it will be implemented in march but now who knows when after those delays.
if you look at the gas fees rate going in day by day that shit going expenential.
sending anything below 100usd worth in erc20 token is not worth it only whales can still do whatever they want.
the EIP1599 upgrade surely it will help but it needs to be fast tracked two weeks ago they sad it will be implemented in march but now who knows when after those delays.
I do believe there will be another delay for EIP1599 to be implemented and i have learned a lot from the previous update and the majority of these updates were getting delayed.
The same thing might happen.
I think that people should not take this EIP as main consideration. it's caused by this EIP has 50;50 probability to be implemented or abandoned by the miners.
The decisions will be on the miners.
The same thing might happen.
I think that people should not take this EIP as main consideration. it's caused by this EIP has 50;50 probability to be implemented or abandoned by the miners.
The decisions will be on the miners.
The miners are not supporting it because obviously, they want to make more money.
The long wait for the EIP is just going to make us wait longer. It was speculated to happen last year but look at what we've gone through now because projects are already migrating to other smart-contract chains. So we'll just see at least there will be a fair fight while ETH is figuring yet what they can't figure.
I do believe there will be another delay for EIP1599 to be implemented and i have learned a lot from the previous update and the majority of these updates were getting delayed.
The same thing might happen.
I think that people should not take this EIP as main consideration. it's caused by this EIP has 50;50 probability to be implemented or abandoned by the miners.
The decisions will be on the miners.
The same thing might happen.
I think that people should not take this EIP as main consideration. it's caused by this EIP has 50;50 probability to be implemented or abandoned by the miners.
The decisions will be on the miners.
The EIP1559 update is urgently needed by the Ethereum network, but knowing about the constant delays in the release of updates, I don't expect the gas problems to be solved until the end of this year. In the long term, the upgrade is very important and can bring the value of ETH to the new ATH.
Let's see, I still hope ethereum will solve this big fee problem in the near future. however, people would not wait for it. however, many people are attracted to BSC for now because of the lower fees. but, let's see, whether vitalik will really solve this or not.
I know there are a lot of things regarding what Ethereum 2.0 could bring to the crypto world. It shouldn't be dismissed immediately with all the fuss. As long as it's going to improve the network and help crypto members, like me, to get a decent transaction fee that wouldn't hurt. 
I haven't considered the part where people changed coins and probably switching up to BNB for the fees or something. Could that be the reason for it's multiple ATH recently?
For BNB? Yes it is, even fee projects on erc20 have move to binance smart chain, a little drop of water can make a mighty ocean they say, ethereum gas fee is way too high for small time investors who have no thousand of dollars to invest on crypto projects, if few thousands of people invest just 100$ per each person on a project it's already huge money but high gas fee will ruin everything I haven't considered the part where people changed coins and probably switching up to BNB for the fees or something. Could that be the reason for it's multiple ATH recently?
Still a long way to go, but then again doesn't necessarily guarantee that in july the gas will be truly resolved.
Best course of action is just to move on from the eth blockchain from the time being because lets be honest here, none of us could wait 4 months just to send some shrimp amount of erc tokens and 4 months is just too long when it come to this so I guess it's already decided that whoever who wants to send their tokens out there just send right now or waiting for 4 months.
Best course of action is just to move on from the eth blockchain from the time being because lets be honest here, none of us could wait 4 months just to send some shrimp amount of erc tokens and 4 months is just too long when it come to this so I guess it's already decided that whoever who wants to send their tokens out there just send right now or waiting for 4 months.
I know there are a lot of things regarding what Ethereum 2.0 could bring to the crypto world. It shouldn't be dismissed immediately with all the fuss. As long as it's going to improve the network and help crypto members, like me, to get a decent transaction fee that wouldn't hurt.
I haven't considered the part where people changed coins and probably switching up to BNB for the fees or something. Could that be the reason for it's multiple ATH recently?
I haven't considered the part where people changed coins and probably switching up to BNB for the fees or something. Could that be the reason for it's multiple ATH recently?
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/
THere should be a big problem with this update and that will be the miners of ethereum https://www.coindesk.com/ethereum-mining-pools-threaten-contentious-update
Just at that dude. Some miners were against this ethereum improvement proposal. That means there might be a possibility for more and more miners to unite against this ethereum improvement proposal. I thought that if that will not be running smoothly as per the news.
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/
THere should be a big problem with this update and that will be the miners of ethereum https://www.coindesk.com/ethereum-mining-pools-threaten-contentious-update
Just at that dude. Some miners were against this ethereum improvement proposal. That means there might be a possibility for more and more miners to unite against this ethereum improvement proposal. I thought that if that will not be running smoothly as per the news.
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.
It is what Ethereum users hope and ask for but it does not mean any upgrade will completely resolve it. If ETH 2.0 can resolve it, it will only be a solution for this period on Ethereum network and current adoption of Ethereum as well as ERC-20 tokens.In the future, with bigger adoption for both ETH and ERC-20 tokens, I expect to see problems with network congestion and expensive fees again.
In the meantime for ETH 2.0 goes lively and reduce transaction fees, Binance Smart Chain attracts people and it grows quickly.
https://www.binance.org/en/smartChain
I don't trust anything vitalik promised the world, that time might come and they will change their ways again, remember how many months we wait for PoS algo to get here in 2020? Nah I'm done with looking forward to what's coming.... Let's wait and see if this eventually become a reality, I heard some top mining pools are so against this EIP1559 but only the future holds the answer
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