Topic: Reasons to use ETH - page 3. (Read 443 times)
Being a decentralized platform it cannot be denied that sometimes the price of ETH gas fees goes crazy due ito the fact that thousands of people are using it. Usually it happens after the price hike goes like this but will abruptly went back to normal after network updates.
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I agree with you right now ETH is not smart to be used. The fees are too high at the moment. When the ETH 2.0 comes around we can speak about using ETH again. Until then there are other options like Cardano, Tron etc.
I agree with you right now ETH is not smart to be used. The fees are too high at the moment. When the ETH 2.0 comes around we can speak about using ETH again. Until then there are other options like Cardano, Tron etc.
I'm not sure about that, ETH is the smart contracts coin, so, people need it... People are trading tons of tokens and NFTs nowadays, so, people will keep using them full day by day.
I know the GAS sometimes goes crazy, just as bitcoin fees do, but that will not stop people from using it. ETH 2 is in the way and that will bring a big change, a lot of people will get it for stacking. So, right now we have reasons to use it, and in the future, we will have more reasons.
For meI don't see the need to use Ethereum because it is too expensive to use interms of transaction fee and cost of running Dapps on Ethereum is very high, but the first mover advatange that Ethereum has, has positioned it at the fore front in the space, we see what BSC has achieved and other blockchaains like Polkadots, Solana etc if they keep pushing for marketshare in the smart contract and Dapps space, they will give Ethereum real fight for its money
the reason for using ETH may be its decentralization which is quite good. but in the past, now there are many competitors from ETH itself at a cheaper and more friendly cost
but if eth has a cheaper cost I will return to using eth again
I agree with you right now ETH is not smart to be used. The fees are too high at the moment. When the ETH 2.0 comes around we can speak about using ETH again. Until then there are other options like Cardano, Tron etc. but if eth has a cheaper cost I will return to using eth again
The smart chain is gradually taking over from ethereum as the high transaction fees and network congestion in the ethereum blockchain persist. Ethereum is the mother of all altcoins and from it, blockchain comes to a smart chain that has low fees and faster transaction confirmation.
Becoming a store of value, that's what I think of ETH. Just as bitcoin, the value is getting higher and there are more people believing on it that it's one of the best altcoin to be held as a long term crypto to hold. There's no doubt that due to that fact, there are more transactions that happens on its chain that causes it to increase in fees. And aside from that, the popularity of NFT have also contributed to it and that's the next trend that's being coped by ETH.
ETH is ETH. In my eyes, ETH is head of altcoin. ETH reserved a place in cryptocurrency markets. So much popular tokens are in ethereum platform. If you want to use them, You must need to use ETH also.
ethereum is one of my favorite altcoins it has really many erc20 and erc21 tokens on its blockchain which is very maleable and has smart contracts that can have a thousand uses is in short a complete and complex blockchain with which we can do many things, but almost anything vanishes in front of fees that are too high for transactions an average of $ 9 is too much on bsc the average is 40 cents that's why more and more users are abandoning eth and its blockchain and using bnb / bsc
the reason for using ETH may be its decentralization which is quite good. but in the past, now there are many competitors from ETH itself at a cheaper and more friendly cost
but if eth has a cheaper cost I will return to using eth again
The good news for those who like the Ethereum network is that the ETH gas price has started to go down. Previously ETH gas price could not be seen below 100 gwei. But now it stays around 50 gwei almost all the time. If ETH gas price decreases and becomes normal, ETH competitors will decrease. Then all projects, ICO, IDO will be launched on this platform again. but if eth has a cheaper cost I will return to using eth again
as developer works on project to deliver use with offers of product and service, with the following terms the work on table of marketing helps as gathering attention from public of audience to put with decision of involvement with the project that they might gains returns of difference on consequence with investment.
For me personally, the Ethereum coin has been and will be the most relevant for business development in the crypto industry. And now, when the coin rises in price, the Ethereum coin is becoming very popular. I believe that Ethereum will serve for a very long time in the crypto market for the development of many promising projects.
the reason for using ETH may be due to its decentralization which is quite good, and can be accepted by everyone besides that eth is an altcoin that is very popular with everyone, even though many competitors have come ETH still persists, and with starting to decline again the price of gas on ETH will definitely many more are holding onto it, and hope we all have very high prices and low gas prices like last year.
The current Gass fee is much better than in the last 6 months. ethereum would be more and more favored by the entire blockchain community if only they could solve the gas fee problem sooner (because it looks like it will take longer than scheduled). Besides that ethereum has very good scaleability, which makes developers still choose ethereum even though there are other options with tx and also cheaper gas fees (for now)
The reason for using ETH today is almost zero. Transaction costs on the blockchain network are too high and that benefits the miners more than the users. Projects on ETH are shifting to BSC to reduce transaction costs. ICO, IDO activities are more organized than on BSC.
In the future, if ETH upgrades its network to reduce costs, it can bring users back.
In the future, if ETH upgrades its network to reduce costs, it can bring users back.
the reason for using ETH may be its decentralization which is quite good. but in the past, now there are many competitors from ETH itself at a cheaper and more friendly cost
but if eth has a cheaper cost I will return to using eth again
but if eth has a cheaper cost I will return to using eth again
What are the more reasons you think of using ETH?
If some service providers insist on using ETH, then I can't do anything other than to pay them with ETH. Yes, If I'm lucky, I can get a substitute service that accepts other altcoins. As long as these "fanboy" service providers do that, there is always demand of using ETH, but until other competitors catch up with their level of services.Ethereum needs the scalability update, if they don't achieve it, it will be hard to survive.
Agree, decentralization is a strong reason to buy for Bitcoin, not ETH.
Main reason is due to its decentralization, if you're talking from a development and project perspective. But the competition is strong nowadays, lots of chain like Fantom, Harmony, Solana, is doing really good to lower fees with enough decentralization to resist attacks (at least for now).
Ethereum needs the scalability update, if they don't achieve it, it will be hard to survive.
Ethereum needs the scalability update, if they don't achieve it, it will be hard to survive.
Just think of the following, if you are a newcomer to this market, I believe you will look for things that people are interested in. And of course first BTC, and then we will hear about ETH, which is why its position is never replaced in this market. I know there are many projects created with the goal of surpassing ETH 
, all will just be chasing, do you understand what I say about its position in this market.
I agree and understand your thoughts on ETH, indeed its current position in this space will help it attract many people interested. Its problem in the pastime is also very easy to understand because the demand is too large to lead to slow transaction fees, and when everything is solved by them, the confidence in using it will be great. I think next time it will be the time when ETH really explodes in price. , all will just be chasing, do you understand what I say about its position in this market.
I'd say the ecosystem within the blockchain is already mature enough with all defis, NFT, dapps in general etc that make it worth to use or stick onto. If they succesfully increases their transaction per second to atleast 100K it's already enough to scale well in the future.
I know BSC is selling like a hot cake but the condition of BSC's market seems kinda chaotic with all the massively generated pump and dump shitcoins, rugpulls and not to mention the purely hype driven massive price pumping just because it has partnership with binance somewhat, it just doesn't seem to be right for a long term unlike ETH.
I know BSC is selling like a hot cake but the condition of BSC's market seems kinda chaotic with all the massively generated pump and dump shitcoins, rugpulls and not to mention the purely hype driven massive price pumping just because it has partnership with binance somewhat, it just doesn't seem to be right for a long term unlike ETH.
Just think of the following, if you are a newcomer to this market, I believe you will look for things that people are interested in. And of course first BTC, and then we will hear about ETH, which is why its position is never replaced in this market. I know there are many projects created with the goal of surpassing ETH , all will just be chasing, do you understand what I say about its position in this market.
, all will just be chasing, do you understand what I say about its position in this market. Jump to: