Talking about Ethereum mainnet there is no point in using it because of high fees compared to Binance Smart chain or Polygon as well. New sidechains carry the same functions, I mean providing space for different DAps, but they give you an opportunity to use them with lower fees, so I prefer them.
But I still hold ETH and I will do it in the future as well, because it is the second crypto currency in the market and devs are still developing their project, so I believe in it.
Topic: Reasons to use ETH (Read 444 times)
According to my understanding of Etherum, many markets support Etherum coin, apart from the coin that is in the second position in the market, Etherum is also everyone's most popular coin, some of the problems with Etherum are the transaction fees are quite large compared to other coins like Doge, Ripple, and Litecoin, but because of Etherum's scalability, many investors use Etherum.
Yes, and now the issue of transaction fees on Ethereum has been resolved and is no longer worthy of being called a problem because it is already very cheap, for proof, try it for fun to send a coin to an exchange wallet, and see how much it costs you, I'm sure the cost is already very cheap.Also the gas required always varies on every smart contract, just because it's cheap to send eth doesn't mean it's also cheap to send erc20 token or even using uniswap.
I am sure that many people are still putting their high interest in Ethereum. Moreover, the gas fee is decreasing.
And here are about some reasons:
- easiness
- High market cap
- Big community
- Trusted top coin
At least, they are some of the big points to still use ETH
And here are about some reasons:
- easiness
- High market cap
- Big community
- Trusted top coin
At least, they are some of the big points to still use ETH
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
Is 27 Gwei to 30 Gwei in one transaction on ETH expensive? because when the number of Gwei reaches 500 to 1000 in one transaction is said to be expensive, then the number of Gwei transactions that are currently in the tens is a very cheap thing, I think, so try to wash your face first before you comment here. 
Some people may still think if that's quite a lot for them as they were the small traders.
that's why it must be reduced and also the tx fees of ethereum is not steady. Once the market got flooded and then it will be jumped too.
many new projects are under bsc but there are a few that is created under etherium .
their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
however, ethereum is a pioneer for the growth of smart contract networking platforms. ethereum has been the inspiration for the development of several other smart contract networks. even BSC and RSK are also built from the development of the ethereum smart chain.their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
that's why until now ethereum is still too strong even for BSC which got the biggest adoption this year.
if btc is considered as the father of all cryptos, the eth is also the father of all the smart contracts. this is why some projects are still under the eth because they show a respect but not only new projects,
i believe even the founders of other chains do also have a respect to etherium but we cant see it because they dont show it publicaly.
It's not just because a coin is the father or the oldest or whatever, but all the development and scrutiny that has been put into writing the code. These platforms have a history of security and proven that they work. Ethereum works, but that doesn't mean smart contracts built on top of it can't be hacked. That has nothing to do with the base layer itself. Bitcoin and Ethereum proved they work and can't be hacked. That is a major reason why people use the two a lot.
Because Ehtereum is the largest cryptocurrency by volume and Ethereum was built on the principles of decentralized finance. Etheruem is available to anyone who can access the internet
That's clear, and if Ethereum could be available to anyone with access to the internet, then Bitcoin would have come first because Bitcoin was available to anyone who could access the internet and know what Bitcoin and cryptocurrencies are, because many people can access the internet but they don't know what cryptocurrency is. many new projects are under bsc but there are a few that is created under etherium .
their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
however, ethereum is a pioneer for the growth of smart contract networking platforms. ethereum has been the inspiration for the development of several other smart contract networks. even BSC and RSK are also built from the development of the ethereum smart chain.their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
that's why until now ethereum is still too strong even for BSC which got the biggest adoption this year.
if btc is considered as the father of all cryptos, the eth is also the father of all the smart contracts. this is why some projects are still under the eth because they show a respect but not only new projects,
i believe even the founders of other chains do also have a respect to etherium but we cant see it because they dont show it publicaly.
The adoption of ETH is already wide, thats the main reason why I keep using it despite all the high fee although the fee itself fluctuates a lot. It could cost $10 to send a transaction today and it could cost $0.5 to send transaction tomorrow, but overall ethereum is still conpletely usable and still useful, the high fee itself also means so many people using ETH that theres too much transaction and ETH cant handle it.
How well does it pique people's interest?
It's pretty good. Ethereum enables the decentralization of everything. The concept of smart contracts, in which transactions occur when certain conditions are met, is appealing because it eliminates the need for middlemen. Consider this: if you have a smart contract that states that you will be charged 1 eth when the contract expires, it will happen automatically.
Ethereum has the potential to play a significant role in the next-generation Internet. Developers are well aware of this. Ethereum is used to power the vast majority of dApps (over 75 percent )
How well does Ethereum function?
The cost of a transaction is currently about $9, which is very high when compared to the likes of doge, Ripple, and Litecoin, which are all typically under a dollar.
Hopefully, the EIP 1559 update in the coming months would result in lower fees. This is due to the fact that some of the payments would be burned instead, thus removing them.
Ethereum performs admirably, and the trend is upward. Over 1.5 trillion has been resolved using ethereum so far this year.
What are the more reasons you think of using ETH?
It's pretty good. Ethereum enables the decentralization of everything. The concept of smart contracts, in which transactions occur when certain conditions are met, is appealing because it eliminates the need for middlemen. Consider this: if you have a smart contract that states that you will be charged 1 eth when the contract expires, it will happen automatically.
Ethereum has the potential to play a significant role in the next-generation Internet. Developers are well aware of this. Ethereum is used to power the vast majority of dApps (over 75 percent )
How well does Ethereum function?
The cost of a transaction is currently about $9, which is very high when compared to the likes of doge, Ripple, and Litecoin, which are all typically under a dollar.
Hopefully, the EIP 1559 update in the coming months would result in lower fees. This is due to the fact that some of the payments would be burned instead, thus removing them.
Ethereum performs admirably, and the trend is upward. Over 1.5 trillion has been resolved using ethereum so far this year.
What are the more reasons you think of using ETH?
Ethereum is proven and dominant in the crypto marketplace for so many year. In any flatform, ethereum always valuable with his partner bitcoin. I have no doubt for this coin, its all secure and profitable at all times.
I only use Ethereum to invest in the long term. I chose to hold Ethereum because Ethereum users can own their own data and any apps they own can't snoop and steal from their users. I am afraid to transact using Ethereum because the fees in each transaction are very expensive, therefore I just choose to hold it until the price of Ethereum becomes very expensive.
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
Well current gas fee was really low comparing to 1-2 months before and on upcoming London Fork on August 4 on block height 12,965,000 there will be significant change and improvement on the chain, One of them is EIP-1559 where it will be reduces the gas fee and the others thing too, Let's just wait until it happens. It was quite low although at times it goes, but if you want Ethereum work at a very large scale with a huge number of applications, the fees need to be very low 24/7. A lot of applications are designed to work all around the world and you can't just be forced to wait for 6 hours because otherwise you operate an application or a business at a deficit because you charge micro amounts with too high fees. That needs to be improved.
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
Is 27 Gwei to 30 Gwei in one transaction on ETH expensive? because when the number of Gwei reaches 500 to 1000 in one transaction is said to be expensive, then the number of Gwei transactions that are currently in the tens is a very cheap thing, I think, so try to wash your face first before you comment here. 
many new projects are under bsc but there are a few that is created under etherium .
their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
however, ethereum is a pioneer for the growth of smart contract networking platforms. ethereum has been the inspiration for the development of several other smart contract networks. even BSC and RSK are also built from the development of the ethereum smart chain.their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
that's why until now ethereum is still too strong even for BSC which got the biggest adoption this year.
Because Ehtereum is the largest cryptocurrency by volume and Ethereum was built on the principles of decentralized finance. Etheruem is available to anyone who can access the internet
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
The adaption was in full swing until the transaction fees started to spike and seeing the opportunity there are other projects trying to take advantage especially Binance who took the opportunity and ran with the situation and now all the new projects are using BSC rather than using ETH and in the future we might see all the projects using multiple chains in the project as some are using multiple chains .their devs can be a die hard eth fan and they still believe on the potential of eth and about the project with multiple chains so far i joined one of it and they are partnered with kuckoin .
soon this can be a thing but it was a little hassel to create a new network and transfer to one chain from another when transacting.
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
The adaption was in full swing until the transaction fees started to spike and seeing the opportunity there are other projects trying to take advantage especially Binance who took the opportunity and ran with the situation and now all the new projects are using BSC rather than using ETH and in the future we might see all the projects using multiple chains in the project as some are using multiple chains . 
According to my understanding of Etherum, many markets support Etherum coin, apart from the coin that is in the second position in the market, Etherum is also everyone's most popular coin, some of the problems with Etherum are the transaction fees are quite large compared to other coins like Doge, Ripple, and Litecoin, but because of Etherum's scalability, many investors use Etherum.
Yes, and now the issue of transaction fees on Ethereum has been resolved and is no longer worthy of being called a problem because it is already very cheap, for proof, try it for fun to send a coin to an exchange wallet, and see how much it costs you, I'm sure the cost is already very cheap. Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
There are alternatives now in using ETH especially if for payment transactions only. But we can't deny that many still prefers to do projects using ETH platform even the ICO Crazy is now since they find using it easier at the same time many uses it due to it's popularity as well much easier access. Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
Is 27 Gwei to 30 Gwei in one transaction on ETH expensive? because when the number of Gwei reaches 500 to 1000 in one transaction is said to be expensive, then the number of Gwei transactions that are currently in the tens is a very cheap thing, I think, so try to wash your face first before you comment here. 
Honestly speaking At first I was only using Ethereum just because many of the ICO projects are using the erc20 algorithm. But that's before because my perspective about Ethereum today has changed.
Most crypto users know how Ethereum changed the smart contract services and revolutionized it as what we have seen today. And that particular reason why, Ethereum is very popular and continuously growing bigger and bigger, even if some problems related to expensive gas fees have brought negativity to the Ethereum network and become one of the hottest topics in the crypto space recently. But besides that challenges, Ethereum has still managed to grow, along with the layer 2 solutions like Polygon, BSC, and many others.
Most crypto users know how Ethereum changed the smart contract services and revolutionized it as what we have seen today. And that particular reason why, Ethereum is very popular and continuously growing bigger and bigger, even if some problems related to expensive gas fees have brought negativity to the Ethereum network and become one of the hottest topics in the crypto space recently. But besides that challenges, Ethereum has still managed to grow, along with the layer 2 solutions like Polygon, BSC, and many others.
Jump to: