That's the problem of POW algorithm. I believe that's one of the major reasons why Vitalik proposed to move to POS and that will happen faster than we anticipate. With the introduction of the Beacon chain, ETH POS algorithm is already here, but not officially moved out of POW.
This network movement from POW to POS will address a number of issues including gas fees and scale up the network to process more transactions per block. So Vitalik has already worked on a solution and hopefully we will see the implementation in 2021 iteself.
News ref: https://blog.makerdao.com/how-ethereum-2-0-will-address-gas-issues-and-enable-dai-and-defi-to-scale/
Topic: Vitalik must be able to listen to our complaints. - page 2. (Read 234 times)
I don't think Vitalik cares about tokens at all... I mean, those are smart contracts that cost less than $10, anyone can create a token and for sure Vitalik sees them as shit coins. And if the fee is too high to get profit from the coin, then it was only a waste of time and a waste of resources for all.
If fees and gas represent a problem for ETH then Vitalik will find a solution, but right now we can see how much he cares with a give-a-fuck-o-meter:
If fees and gas represent a problem for ETH then Vitalik will find a solution, but right now we can see how much he cares with a give-a-fuck-o-meter:
Well, I think it's high time vitalik stop minding the decision of Ethereum miners and just go ahead with whatever solution that will put an end to the menace we are currently experiencing on the Ethereum blockchainn.
Its not how a consensus works. To win the battle, the EIP 1559 supporter need to dominate the network hash to win the consensus.
They dont need to be a miner to do that, they can rent some hash power to mine in the supporting pools.
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Well, I think it's high time vitalik stop minding the decision of Ethereum miners and just go ahead with whatever solution that will put an end to the menace we are currently experiencing on the Ethereum blockchain, in as much as its very OK for vitalik to listen to the miners cus some how, they are the ones protecting the network, the users of Ethereum and erc20 tokens are also important and should be given a listening ear, we all are tired of the high fees, the miners are not feeling the pain we are feeling, so vitalik and his team should work something out to help solve this problem of high fees, it's killing and highly frustrating.
Vitalik has proposed the solution to fix this problem but the main problem was on the minersof ethereum chain. The majority of miners were opposing the solution and they were creating their own solution (EIP). I hate POW consensus.
You must try to search some latest news about the battle between ethereum core developers and miners.
Both parties were issuing their own proposal.
You must try to search some latest news about the battle between ethereum core developers and miners.
Both parties were issuing their own proposal.
sometimes our current position is almost the same, seeing the incredible growth of Ethereum, the extraordinary achievement this year. we are happy, but besides that we also feel that something is quite concerning. well, all of you must know, GAS fees have killed traders who get tokens and coins from the results of airdrops or bounties. their wallets will become completely useless when they painstakingly spend their time, effort, and thought acquiring a few tokens for under $ 100.
Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution?
I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens?
how can Vitalik cover his ears from the screams of Ethreum lovers?
let's complain together
Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution?
I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens?
how can Vitalik cover his ears from the screams of Ethreum lovers?
let's complain together
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