Ethereum High fees, Opportunity for other blockchains to Come forward

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Quote from: roosbit on August 30, 2020, 10:31:49 AM

With the continued high transaction(gas) fees we seeing on the ethereum blockchain is this not going to be an opportunity for other blockchains like "TRON" to come out of their slumber to help ethereum with the overload it's experiencing? We can't be talking of the blockchain technology going to disrupt old systems when the transactions per second take forever and is expensive. Let's Remember this is not about competition but working together as crypto

The issue with other blockchains is that they lack developers and infrastrutures. Ethereum has been able to incentives developers to stay on their chain even with the huge transaction fee. I like the gamble FXT teamis taking by using Solana blockchain instead of Ethereum and if this work fine then it could open the door for other blockchain

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: roosbit on August 30, 2020, 10:31:49 AM

With the continued high transaction(gas) fees we seeing on the ethereum blockchain is this not going to be an opportunity for other blockchains like "TRON" to come out of their slumber to help ethereum with the overload it's experiencing? We can't be talking of the blockchain technology going to disrupt old systems when the transactions per second take forever and is expensive. Let's Remember this is not about competition but working together as crypto

Yes asset will move to other asset platforms. There is not just TRON there are 100. This will happen all the time. Some asset like tether is on 3 different asset platforms. Omni, Eth and tron.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: roosbit on August 30, 2020, 10:31:49 AM

Let's Remember this is not about competition but working together as crypto

I believe whether etheruem gas is high now or not, it isn't stopping any project from bulling. TRON is a nice project no doubt but they are both unique in nature and so w don't expect a takeover when etheruem 2.0 is uploading.

CarlosCorreia

full member

Activity: 728

Merit: 139

I do not understand how NEO do not capitalize on this!
Since the beginning I really thought NEO will thrive because they have the same capabilities as Ethereum network, but the fees are way better. You even get GAS!
I know ETH comes first and rule the market with their Smart Contracts. But I really thought NEO could face them head to head.
Now with all this hype on DeFi the network is getting clogged up and the fees skyrocket.

electronicash

legendary

Activity: 3178

Merit: 1054

as price goes up so does the transaction fees. it will also apply for tron when its price goes up. this is why its best for tron to have a price like this forever than climbing up. what is to be developed though is the dapps under it. unfortunately they are not stablecoin and eventually their prices will increment and then higher fees again.

Quote from: bayu7adi on August 30, 2020, 11:37:11 AM

Really looking forward to Ethereum 2.0

what do you look forward to with eth 2.0, will the gas fees going to drop?

optimisticcm

member

Activity: 210

Merit: 10

Sovryn - Brings DeFi to Bitcoin

Quote from: roosbit on August 30, 2020, 10:31:49 AM

With the continued high transaction(gas) fees we seeing on the ethereum blockchain is this not going to be an opportunity for other blockchains like "TRON" to come out of their slumber to help ethereum with the overload it's experiencing? We can't be talking of the blockchain technology going to disrupt old systems when the transactions per second take forever and is expensive. Let's Remember this is not about competition but working together as crypto

I do not have much hopes from other blockchain networks but i am definitely waiting for eth 2.0 because eth is not only the biggest and most used blockchain network but it has the mist number of developers working on it alongwith the biggest community and fans so even after this situation eth is only getting stronger.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

If it's not about competition, then why should there be a business model for every cryptography project? Competition will always be side by side with collaboration. ETH can compete with other blockchains, and can also collaborate with other blockchains. However, if ETH doesn't evolve, then they will be over soon.

Really looking forward to Ethereum 2.0

rizkyalhabsy

full member

Activity: 554

Merit: 100

it seems difficult for both parties to get along with what they made ETH and TRON. they will definitely compete in the cryptocurrency world I'm sure of that. they both think to make the best with what they make

roosbit

member

Activity: 893

Merit: 43

Random coins :)

With the continued high transaction(gas) fees we seeing on the ethereum blockchain is this not going to be an opportunity for other blockchains like "TRON" to come out of their slumber to help ethereum with the overload it's experiencing? We can't be talking of the blockchain technology going to disrupt old systems when the transactions per second take forever and is expensive. Let's Remember this is not about competition but working together as crypto

Topic: Ethereum High fees, Opportunity for other blockchains to Come forward (Read 76 times)