Why Ethereum so slow | Bitcointalksearch.org

Decorsair23

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Quote from: Tony116 on January 13, 2018, 03:37:07 PM

Ethereum network is much faster today than a few days ago. The transaction price has decreased from 90 to 20 gwei. But the volume of trading did not decrease and it surprises me. Now everyone is watching ETH because it grows without a rest.

Yeah and its a good thing as more investors will come this year. I goes ETH will still grow. As with its network I heard they are going for a hardfork to give solutions to the slow network.

icanscript

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I do not know why the network is so slow.
HardFork solves this problem with scalability. What will entail a significant hanging of the price.

Tony116

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Ethereum network is much faster today than a few days ago. The transaction price has decreased from 90 to 20 gwei. But the volume of trading did not decrease and it surprises me. Now everyone is watching ETH because it grows without a rest.

kumara

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Quote from: novy on January 12, 2018, 08:21:51 AM

Hello community,
Some days ago I observed that eth network feels badly ))). The TX cost rised to the moon. So, to get faster tx I should put 60-80 gwei for it. Maybe somebody can explain what the f* is going on there? Kitties, fishies or maybe china miners are closed their factories. Any ideas?

Like others on here have mentioned, Etherium is becoming too popular for the tech to keep up. They have some serious scaling issues to deal with. If it were not for its use as an ICO token ETH would not have even been adopted.

Rajip

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There was a huge spike in the fees in the last 10 days, but also a huge drop in the last couple of days. I think the fees will get back to normal soon, but not the the level they were before as the network becomes more and more busy. I think that the upcoming upgrade with the POS will solve those problems though.

surfinonmyownwavebaby

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While they do have issues they are currently working on upgrading the network to make it more secure and faster in the future. Casper is being implemented and once it gets rolled out I believe the network will be much more secure than currently. Also POS won't hurt and I think will make ETH remain number two on the coinmarket list.

BitcoinJuman

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Is this all about the kitties ? then I think the coin is week and can't handle real life uses.

Better to develop it more.

rgarciavega

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The more marketcap a currency has, the slower (rather more stable) its movements in price.

novaprime

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I think the demand for ETH is increasing and this makes all ETH transactions slower. For me this will soon be fixed because the ETH platform is very suitable for paying for future and I am sure ETH can replace Bitcoin.

Psynthax

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Quote from: Mevz on January 13, 2018, 10:48:38 AM

Yeah as always, because of the numbers of transactions every hour on the ethereum blockchain. Just expect it would be more worst to us to make transactions on this following years so many platforms always using ethereum. Even on the exchanges the transactions are all affected its a very big problem on all of us. Gas fee's are eating all our profits when we start to do trades everytime.

Every time the more platform are interested in using ethereum blockchain as the main blockchain. But don't worry it's just the matter of time until sharding blockchain will be implemented and that's all.

Plasma and another improvement in the future will be supporting ethereum to be the blockchain with the best scalability ever.

realcrypto

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The transfer is faster when you have enough gas in your wallet. Most people that complain of slow transaction do not have enough gas.

Mevz

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Yeah as always, because of the numbers of transactions every hour on the ethereum blockchain. Just expect it would be more worst to us to make transactions on this following years so many platforms always using ethereum. Even on the exchanges the transactions are all affected its a very big problem on all of us. Gas fee's are eating all our profits when we start to do trades everytime.

Gekkoo

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Ethereum is a great coin, but this is one of the errors if the team at Ethereum solves this problem of slowness, we can find its price in the heights, otherwise it will stagnate already passed time to solve this problem of dependence on miners and network. Another interesting fact even with these problems prices continue to rise incredible.

foggywhite007

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Don't know if to take the period of a year. THE ETHEREUM have grown from $ 8 up to 1400 great profit I tell you. Now in connection with the transition to POS, CASPEr and other there are certain risks of the project. Therefore, this frenzied growth yet. But once it will run and the network will work a couple of days and we have 3 thousand

tienigarazz

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Ethereum value is slowly increasing, many transactions are being process, this few things affects the function of ethereum.
But i know they will fix it, like what usually happen if the value of a coin increase the fees are also increasing.
It is still a good signs, it only means that ethereum popularity is now increasing and it will become more profitable.

3DBrushes

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Nowadays ethereum network is handling 1 million transactions per day and it is growing day by day. But three maximum TPS is around 15 so whatever it might be ETH can't have more transactions than that limit. Ofchain scaling will work.
To reduce the massive delay in transactions set the Gwei above 35 you'll get confirmed within minutes.

Inkdatar

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Quote from: minus_one_crypto on January 12, 2018, 04:20:10 PM

It seems to me that the Ether has become so slow due to the fact that many people decided to buy this coin. The network is very congested and therefore it is very difficult to send the coins.

Everytime Ive tried to trade this ethereum contracts its hard to trade always the slow on process. Also the price of ethereum is increasing that fees are also expensive. So hope there is a solution on this.

Decorsair23

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Quote from: Coins_Hiro on January 12, 2018, 09:56:24 AM

Quote from: Decorsair23 on January 12, 2018, 09:36:25 AM

I heard ETH was going for a fork to solve its scalability. I fear ETH will be like bitcoin right now. High fees and slow poke dude.

Seems like it if it keeps up that way. In terms of ETH's price I think it is fine now because months ago it was stucked at $200-$300 rate but then it spiked up without stopping and now valued at $1200. As long as it doesn't go below $1k again I am fine.

I think it will never go down to 1K again as with the Korean FUD. ETH remains strong and maintained its market price and position. And now been going up again.

BCSHonda

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Quote from: Woolles890 on January 12, 2018, 11:47:23 AM

ethereum movement is indeed slow, but surely the goal is to compete and surpass it with coins that have a price on it. investing in the ethereum on this year is the right choice if you do so.

I like Ethereum's slow but very definite steps. If you have follow-up, you know that Ethereum is just under $ 1 at the beginning of 2017 but now it's worth more than $ 1200, it's certainly not normal to constantly achieve great value. so great If Vitalik still runs Ethereum, it will be the second bitcoin of the cryptocurrency market.

Akash1243

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Well it is most probably because of the increase in the number of transactions and this cause high load on the Ethereum network causing it to be slow.Many people are maing transactions in eth as it transactions are speed and cheap compared to expensive fees of bitcoins with slow speed recently.

Topic: Why Ethereum so slow (Read 367 times)