Topic: Gas Fee Of BNB Is Increasing - page 12. (Read 1753 times)
As long as more people start using BNB and the network starts slowing down, we will observe much higher fees in the future. And it is totally normal unless the developers of a coin don't do anything to prevent this slowness and high-fee problem. At least Ethereum developers promise to do something about it but I haven't heard anything from the BNB side yet.
Then ETH got popular and smart contracts got more expensive.
BNB/BSC is going down the same path.
BNB/BSC is going down the same path.
Yeah. Once BNB reaches over 1K, some other entity is gonna take its place.
Not just that,,, once BNB goes over 1K and let us say it grows the userbase and defi pools all start spamming with NFTs and multiple stakings, then you will start seeing things slowing down and people overpaying fees.
Then the 50 cents you pay now becomes $5. And then if price triples you start paying $15. It becomes ETH all over again except ETH already by then goes to 2.0
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
network fees increase one of the reasons is because of the increase in TPS. many people are switching from ethereum network to BSC. This is one of the biggest reasons why fees have increased recently. but despite all that, the fee on the BSC network is still quite affordable when compared to the fee on the ethereum network. so this is not a big problem for me. ~
Far from how costly ETH was, though with usages BSC is now moving the same path we are seeing this increase for now not that much and hoping that before it went to that far BSC will able to find the best solution for it.
Still cheap if you are using this chain as an alternative and if you are more focused on projects that being created under this chain.
considerable and still good for traders to use this chain if they are moving their assets regularly.
The fees in ETH cannot be compared to any other coin, if you look at Bitcoin the fees are really low and for ETH if you are purchasing anything at an auction then the fees goes through the roof and there are people still trying to purchase them despite the fees and on the other hand BSC network is far far better for now and in the future we might see the bottle neck hurting them but i hope they will handle them as they are a fully centralized structure with only a few nodes. Far from how costly ETH was, though with usages BSC is now moving the same path we are seeing this increase for now not that much and hoping that before it went to that far BSC will able to find the best solution for it.
Still cheap if you are using this chain as an alternative and if you are more focused on projects that being created under this chain.
considerable and still good for traders to use this chain if they are moving their assets regularly.
At the moment the price of binance is growing, so gas costs are also increasing a bit, but I don't think the increase is too high compared to etherem gas costs, so I don't feel panic about this situation because the increase is still very affordable.
If you compare it to the cost of ethereum gas, of course it's still far away,so far for myself this thing like this has not bothered me,
What I'm worried about is that when Binance's gas costs are increasing day by day, of course this is something we don't want
Far from how costly ETH was, though with usages BSC is now moving the same path we are seeing this increase for now not that much and hoping that before it went to that far BSC will able to find the best solution for it.
Still cheap if you are using this chain as an alternative and if you are more focused on projects that being created under this chain.
considerable and still good for traders to use this chain if they are moving their assets regularly.
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I remember saying a thing like this before on this forum, people running to binance smart chain just because the gas fee there is very low, I said it before that gas fees on binance will definitely go up as soon the chain begin to see alot of activity and movement of funds, it's already happening little by little, my prayer now is that it doesn't get as worst as it is with Ethereum blockchain, having to pay all this high fees for transactions in crypto isn't what crypto stands for, I wonder where we got it wrong, crypto transactions and payment were supposed to cheap and affordable to all, but today, things are totally different.
At the moment the price of binance is growing, so gas costs are also increasing a bit, but I don't think the increase is too high compared to etherem gas costs, so I don't feel panic about this situation because the increase is still very affordable.
If you compare it to the cost of ethereum gas, of course it's still far away,so far for myself this thing like this has not bothered me,
What I'm worried about is that when Binance's gas costs are increasing day by day, of course this is something we don't want
I don't know where OP had that issue since most of us who use the BNB or BSC platform could justify that the fee still remains low. $1 or even if it reaches $2, it is still quite low for me either. While ETH gas fee remains high, more than twice of BNB, this is not the thing we have to worried about unless if it continued to increase.
OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.
At some point it was under 60 cents, I mean that was of course few months ago and nothing new but that was the case a few months ago. Nowadays it is a bit over 1 dollars, which is nearly a double increase. However that is is absolutely nothing compared to what is going on over at ETH constantly, it goes up and down like crazy and I have seen $40 approval many times as well, it is seriously not making any sense at all because of this reason.OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.
I mean if there was a better option than I am sure people would move there, but just one dollars plus having one of the biggest ever ecosystems gives BSC the fair play better advantage for sure, it is just too obvious. So at the end of the day if we are not going to see any problems with the current situation, then we should keep grinding over at BSC, if one day ETH manages to drop it down then we could discuss.
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas-free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
When coins price increases gas fee will increase it is a simple matter for that reason gas fee increase but it is not fair for everywhere every moment. It's rare to hear people complaining about BNB gas fees. Binance Smart Chain was designed to release users who are dealing with high transaction fees and charge a fee as small as a peanut. Due to some reasons, I'm admiring your initiative to warn users about BNB gas charges. Currently, things are normal. But what if BNB did something crazy and BSC ended up at the same place as ETH?
Of course, there will be complaints when users are already familiar and used to something cheap, even if it increases a little bit, it is still noticeable. I think this time, BNB must be the same ETH a few years ago when ETH's gas fees were still cheap before become unbearable as today. Though right now, BNB's gas fees are still quite cheap compared to ETH, it is quite worrisome if this trend continue.
In my opinion, the Binance gas fee is not very high, although it is currently increasing slightly, but the value is still too low compared to the etherem gas fee, I don't think there is anything to worry about Binance transaction fees at this because it is still very affordable.
Remember when everyone was pointing at ETH and saying how cheap it was to transact compared to BTC? Oh wow,,, only a few cents and instant confirmation unlike BTC network.
Then ETH got popular and smart contracts got more expensive.
BNB/BSC is going down the same path.
Then ETH got popular and smart contracts got more expensive.
BNB/BSC is going down the same path.
I am playing some BNB play2earn games like DPET, Cryptoblades, PVU, ZOON.. I also noticed that BNB's gas price is also bullish. I am afraid that BNB's normal gas fee of 0.001 might become 5 to 10usd each.
I think BNB needs to do some enhancement to its blockchain just like what ETH did.
I think BNB needs to do some enhancement to its blockchain just like what ETH did.
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
BNB gas costs are increasing, but still low compared to ethereum. I think this is comparable to the increase in BNB prices in the market. usually if the token price increases the gas price also increases and that happens to bitcoin, eth or BNB
It was only a matter of time and when the Binance smart chain will be loaded in the same way as the Ethereum network, we will see the same transaction delays that can only be solved by increasing the gas fee. In addition, the cost of transactions in BSC was affected by an increase in the cost of BNB by more than 10 times.
For now the cost of BNB gas is indeed increasing, maybe this is a result of the increase in the price of BNB which is currently getting higher so that it affects the cost of gas on the BSC network, as happened with ethereum in the past and this is almost similar to the BNB, and this is also very influential from users who are currently increasingly using the BSC network so that gas costs can increase, And we expect this increase to only happen for a moment and later it will return to normal.
It's rare to hear people complaining about BNB gas fees. Binance Smart Chain was designed to release users who are dealing with high transaction fees and charge a fee as small as a peanut. Due to some reasons, I'm admiring your initiative to warn users about BNB gas charges. Currently, things are normal. But what if BNB did something crazy and BSC ended up at the same place as ETH?
Remember when everyone was pointing at ETH and saying how cheap it was to transact compared to BTC? Oh wow,,, only a few cents and instant confirmation unlike BTC network.
Then ETH got popular and smart contracts got more expensive.
BNB/BSC is going down the same path.
Then ETH got popular and smart contracts got more expensive.
BNB/BSC is going down the same path.
Yeah. Once BNB reaches over 1K, some other entity is gonna take its place.
I think the Binance Smart Chain (BSC) gas fee, is not that high to cause any concern or trouble, because I use it now it remains 5 Gwei and cost me $0.04 cents of BNB which is still manageable compare to Ethereum.
But it was slightly changed when you are using the Dex Like PancakeSwap and Etc. because you are burning gas in two transactions during the smart-contract execution which cost you $1.88 of BNB in both transactions, Which is still cheaper compared to Eth. I believe also that BNB prices contribute some slight increase of the BSC transaction fees especially when we are using DeX.
Yeah, I don't know where OP had that issue since most of us who use the BNB or BSC platform could justify that the fee still remains low. $1 or even if it reaches $2, it is still quite low for me either. While ETH gas fee remains high, more than twice of BNB, this is not the thing we have to worried about unless if it continued to increase. But it was slightly changed when you are using the Dex Like PancakeSwap and Etc. because you are burning gas in two transactions during the smart-contract execution which cost you $1.88 of BNB in both transactions, Which is still cheaper compared to Eth. I believe also that BNB prices contribute some slight increase of the BSC transaction fees especially when we are using DeX.
OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.
I think the Binance Smart Chain (BSC) gas fee, is not that high to cause any concern or trouble, because I use it now it remains 5 Gwei and cost me $0.04 cents of BNB which is still manageable compare to Ethereum.
But it was slightly changed when you are using the Dex Like PancakeSwap and Etc. because you are burning gas in two transactions during the smart-contract execution which cost you $1.88 of BNB in both transactions, Which is still cheaper compared to Eth. I believe also that BNB prices contribute some slight increase of the BSC transaction fees especially when we are using DeX.
But it was slightly changed when you are using the Dex Like PancakeSwap and Etc. because you are burning gas in two transactions during the smart-contract execution which cost you $1.88 of BNB in both transactions, Which is still cheaper compared to Eth. I believe also that BNB prices contribute some slight increase of the BSC transaction fees especially when we are using DeX.
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