Is Ethereum going to Die? - page 46.

coin-investor

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

I don't see it happening, even if Ethereum is not performing above expectation it is still going to be the most used token and smart contract in the community and the fee is not always that high, there were times that confirmation and fees are the issue but it resolves itself, remember the days of the KITTY hype, where there were traffic congestion but it did not last, right now the fee is not that high.

Reid

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You know the reasons behind the high tx fees.
So why?

Bitcoin has a high tx fee too and it's all because you are trying to convert everything. But, it's still popular, right?
It's not that I am trying to compare them with their features but as coins with high value.
Are you sure it's not because you are used to the low tx fee after conversion to USD?

Maestro75

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum will never die no matter the situation of its current gas fees. Bitcoin also has the same issue but have not died yet. Ethereum contract has produced many tokens. It was the first open source allowing other projects on its chain. So, whatever anyone says about it dying is a big error. There is going to be an eth 2.0 version expected in January that will take care of the high gas fee. With that all this problems will be solved.

bitterguy28

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Sounds like you are not a true supporter of Ethereum Because you are pointing about the congestion fees only but what about the good things that ethereum can bring you?
ofcourse you are only supporting ethereum expecting the value will Moon again but not because you believe in their platform.
Even Bitcoin experienced Congestion and even higher in Fee but did bitcoin die?lol instead it becomes more stronger and popular.

asriloni

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When you are driving your car but you have found that there's a problem in your car and will you still drive your car? It doesn't make sense to do that. You may need to repair your car to drive it again.
Congestion is not a big problem as it will be solved soon and once that will be happening and there's no need to say another competitor has a lot of potential to take the ethereum's place.
Remember about EOS and TRON which have declared to be ethereum killers and then they are failed.

GreatArkansas

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I don't think Ethereum will become unpopular soon. As you said, you got a problem with transaction fees on Ethereum since the network of Ethereum is congested, so literally, the meaning cause of that problem is a lot of people using Ethereum, creating transactions, so for me, it's a sign that Ethereum is popular, a lot of users. But I don't think it will affect the price of Ethereum.
On the other side, Binance, EOS, Polkadot. They may have some similarities with Ethereum, but I can say Ethereum will stay and those other altcoins you mentined will stay too and they can be an alternative of Ethereum or other altcoins, I am also looking forward on Polkadot.

maydna

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I don't think ethereum will die, but that can be right if the supporter of ethereum leaves the project and moves to the other projects. But I see that ethereum still has a chance to rise because I think ethereum still be the king at the altcoin section. But who knows, there will be another project that can beat ethereum in the future as we don't know where the cryptocurrency will going to be. I think the transaction fee can get lower soon, but this time, perhaps, we need to enjoy the current fee that we already used. If you check the ethereum price at the market, you will see that the ethereum price needs more time to increase, so you need to be patient.

Skadi360

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It would not likely to happen, looking how bitcoin is bulling right now ethereum also joins the hype and bulling. It has survive through all these years and keep thriving so it wont die just like a bubble. it has well establish foundation and earn the title king of all altcoins.

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum fees is getting increased because of the bullish trend and its only a temporary issue in my opinion,and this is high with Bitcoin so you believe that bitcoin is going to die?

And we knows that ETH2.0 is getting into mainnet in near future so it may resolve the transaction fee at circumstances like these.

Sayeds56

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Quote from: laredo7mm on November 18, 2020, 11:12:00 PM

Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethreum network shows how limited it is. I do not think Binance or EOS will take over the Ethreum network but Polkadot has everything to overcome the ethereum network. ETH 2.0 makes ethereum network more scalable but Polkadot is much better because of its cross-chain features when ethereum is a single chain network.

Well said. I am also supporter pf Polkadot and agree with your thoughts about it. The kind of features it is offering and current market price makes it worth investing for huge gains in the long term.

laredo7mm

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethreum network shows how limited it is. I do not think Binance or EOS will take over the Ethreum network but Polkadot has everything to overcome the ethereum network. ETH 2.0 makes ethereum network more scalable but Polkadot is much better because of its cross-chain features when ethereum is a single chain network.

hd49728

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Quote from: Sayeds56 on November 18, 2020, 10:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts

Ethereum is a location for new projects with their promises on transparency and security with smart contracts. I don't say all projects and all smart contracts are good.

Quote

but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka ,Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

The fee on Ethereum network is lower than months ago. You can use Gas now to check fee: https://www.gasnow.org/

What you are saying comes from the Ethereum network, average fee and the types of smart contracts on the pools you are using to swap tokens. Complex smart contract requires higher fee to broadcast it.

Sayeds56

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Eloncoin.org - Mars, here we come!

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

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