Topic: Ethereum remains the king of altcoins - page 3. (Read 5741 times)

Eventhough that issue still ongoing, this coin continue to have the support that's needed to keep his spot. Nonetheless, many developers and traders are still keeping thier assets using ETH chain.

The threat behind is indeed moving forward, there are  developers who are eyeing to this alternative chain if the gas fee coming from ERC chain won't be resolve.

It's a competition, expect that ETH will update this and find way to resolve this concern.

This was a time when unperforming Tron blockchain was the only alternative to ethereum blockchain. Now that we have Binance Smart Chain, it will be very difficult to give the title of the King of Altcoins to ethereum as we could see series of projects on ethereum network switching to Binance Smart Chain. If ethereum doesn't act fast on addressing the exorbitant high cost of transactions on its network, it might lose lots of utilities in transaction charges to BNB which serves as gas fee for transactions on Binance Smart Chain.

Most of the time I keep seeing users complaining about high ethereum gas but that probably won't cause trader to lose faith in ethereum. Compare ethereum's market cap and current trading volume with some of the altcoin you mentioned, are you sure people will leave ethereum easily?

Ethereum will grow soon and maybe they will solve the problem of high gas price so that there is no chance for the altcoin you mention to become the king of altcoin.

ETH is the king and it will be always the king as you know that all the new DEFI projects are 90% about on ETH blockchain. I think it will be the best coin soon it can be higher as compared to right now

it all depends on ethereum itself, if ethereum wants altcoin like ethereum to lead all alotcoin and become king of altcoin, it must immediately fix ethereum's weaknesses. for example the transaction fees are too high.
it actually has to be fixed by ethereum.
if it is addressed, I believe ethereum will forever be the king of Altcoins.

There are new platforms now tbat are trying to do what ethereum has done because we can all agree that the sending fee has been extremely high so I couldn't however consent to what you said that Ethereum is the king of altcoin from origin and it has remain its ground among many a few altcoins. At whatever point I check my portfolio to see the coins I claimed I wondered about the rate they become so dump and futile for holding the coins.

Until now ethereum is still the king of the altcoins but this problem of the high gas fee is still not resolve, I don't think ethereum will remain the king of alts in the future.. Other altcoins like Binance coin, Polkadot and Cardano are getting popular now so these altcoins might be the king of the altcoins.

Ethereum will always be the king of altcoins and the best coin after bitcoin, it cannot be denied that ethereum is often compared to other coins as a result remains the most popular and second best coin after bitcoin.
Although the current high gas prices have not discouraged investors from owning or choosing ethereum, they are confident that the gas costs will be resolved as quickly as possible as ethereum will continue to maintain its position despite competitors or whatever.

It's my pleasure to spread the updates and happy to be the hardest hodler of Ethereum.  

Tipping will be available, Here is some short list of the upcoming upgrades on EIP 1559:
(1) current block limit is 12.5 M and after the hardfork, block size will be 25M which means double of the current block size
(2) There will be two type of fees - one is Base Fee which will be same for everyone and those fees will be burned forever and miner won't get that. Second is Miner Tip which will be paid miners by those people who want to tip and make faster transections.
(3) Base/standard fee will be same for everyone and it'll fluctuate according to the "Miner Tip". For example, current base fee is $1 and current block completes a transection with using the 40% capasity of the current block size which is less than 50% of total block size, than base fee on the next block will be decreased into 12.5% and will be $0.875. On the other hand, it'll increase the base fee 12.5% on the next block if current block is finished any transection with more than 50% capacity size of the total block size. BTW, capasity will be depend on those who want to pay "Miner tip" as there won't be more than 50% capasity if there aren't any users who want to pay that "Miner Tip".  

I hope , it'll clear the confussion about EIP 1559. Again happy to share with you as none ask for it.  

Thanks for that handy bit of information. I didn't realize this was happening, have actually stopped following all the updates as it's quite impossible to follow everything now.

I don't really see how this can reduce fee problem though? Tipping is still going to happen, right?

Remember when crypto kitties hype makes the ETH transactions very slow and expensive in gas fee? It’s our new normal now 

People starts using BSC now. I saw many projects created on BSC network nowadays. And it’s becomes the a plus point for their marketing because it can attracts small fish too.

However, BSC is too “centralized” for a decentralized network. ETH is just like the bitcoin of alts. No matter how expensive the price or fee, people will still use ETH.

It seems that the metaphor has started to shift, because with the high gas fees from ethtereum, people are starting to look to other networks that have much cheaper gas fees, for example Binance / BNB which is a competitor for eth. but I still expect good things from ethereum 2.0, maybe it can be a solution to the problem.

Yes, and it seems that at this point in time the Ethereum price is also very high although the problem with transaction fees has not been resolved properly, and I also believe that if the cost issue can be resolved in the near future, then the potential for it to go higher than now will be clear on Ethereum

If we look at the enthusiasm for Ethereum tokens it seems that there are still very many people, even though there are some people who have switched to other platforms besides Ethereum, this is only for a while because considering the problem of costs that are still very high on Ethereum, meaning that they also don't hate Ethereum and still love it.

how will there be an increase in investors and enthusiasts? while overcoming the problem of high transaction costs alone takes a very long time.
I understand that the process that ethereum has to go through is not simple like other blockchains in making updates related to improving transaction and product performance. It has been reported that it will happen in July this year.
Currently, ethereum is still going strong, despite the current market popularity that belongs to Binance with BSC.

yes, it is very clear as you say. So far most Ethereum enthusiasts complain that transaction fees are very high compared to other Altcoins. Hopefully, with improvements in the future ethereum will become an altcoin that has more and more enthusiasts and investors.

Yes, that is very interesting information for traders and enthusiasts of ethereum, if ethereum really fixes its weaknesses, I think ethereum will forever be the king of all altcoins and ethereum is unmatched by any other altcoin.

- I agree with you, ethereum's title will probably still hold this year but with this title, many new altcoins have potential and are willing to look for a position, even toppling ethereum, especially since the cost issues are still lingering and unresolved, other altcoins are quietly competing on this issue, binance is a strong phenomenon in this factor. Perhaps the binance corporation and team are aiming for the number two position in the market, it's great that we can see the war of giants, this will prove a lot of problems and we will have a chance in this war

Not the case for ETH as even the transaction fees are high, there are still lots of traders who continue to this chain. They don't have any choice since they have assets that base from erc system.



So far, even you seen chances to do arbs you'll think twice before dealing with it. The fees hurting everyone, that kind of opportunities is

worthless since you'll be needing to pay and cover the gas, most of the time it's more expensive.

yes as more works from new developer helps with the offers of option on occupying product and service, the parts on finance helps also as might trader to work with the arbitrage trading with the exchange market. that those happen with the ethereum blockchain network.

There is no doubt that Etherum is the king of altcoins although there are several other altcoins that want to try to win altcoin king status from ETH like Ripple did but it did not last long because in a short time Ethereum managed to reclaim the title of Altcoin king from Ripple. Well, indeed, BNB is now experiencing a very significant increase, but still, BNB will not be the king of altcoins. It is worth knowing that why Ethereum is the king of Altcoins is because Ethereum is not only a decentralized platform but also a programming language. What it offers are decentralized applications or dApps. Where DApps can help users make direct agreements and payments with each other without third parties.