Why is ethereum so slow? | Bitcointalksearch.org

Andre#

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Quote from: buharikx31 on January 19, 2018, 06:52:29 PM

Quote from: galaxys4 on December 04, 2017, 06:42:32 AM

I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?

The network is slowed for a really long time, but we can use other currencies to make transactions on different blockchain, i think the reason why it is slowed because of the price grow and ammount of transactions which get higher fee's "double spend" and that's why people need to pay more to get their transaction faster sended

I do not know Ethereum has double spend like Bitcoin, this is the first time I know this knowledge.
The reason make the Ethereum network be slower than normal is ICO and new platform used Ethereum too much, example Cryptokitties.

veraoktav127

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the speed of the transaction may be due to the full network or the number of eth transactions performed that cause long queues, I think this is only temporary

Mzai620

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since ethereum additionally has some genuine scaling issues and each time the quantity of exchanges on the ether chain increments, everything goes to hellfire. the cost of an exchange will increment too quick and too high, significantly quicker than bitcoin and you will feel the gradualness, and there additionally have been not kidding cases that the system went down and trades needed to debilitate store and withdrawals for seven days until the point when the issue was understood.

this for the most part occurs amid the ICOs where there is a great deal of disorder happening all over the place.

buharikx31

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Quote from: galaxys4 on December 04, 2017, 06:42:32 AM

I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?

The network is slowed for a really long time, but we can use other currencies to make transactions on different blockchain, i think the reason why it is slowed because of the price grow and ammount of transactions which get higher fee's "double spend" and that's why people need to pay more to get their transaction faster sended

shandiem14

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Quote from: galaxys4 on December 04, 2017, 06:42:32 AM

I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?

Increase your gas amount when do trading, but i think its network congestion because alot of traders using ETHDELTA same goes to other exchanges! i think the best way to trade is when others are in fear.

tabas

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Less users = faster transactions
Less transactions = faster transactions
More users = network congestion
More transactions = network congestion
The same thing with bitcoin.

Hoganye

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Quote from: melted349 on January 14, 2018, 06:48:55 PM

Quote from: CaptainKid on January 13, 2018, 07:33:37 AM

Quote from: Nadia_l on January 13, 2018, 07:21:59 AM

That`s because You catch the period with the max load of the ETH network!

You could monitor here the load of the ETH network https://ethstats.net/
Also, You could check what Gwei is needed to provide the speed and safe THX for the current period here: https://ethgasstation.info/

You correctly made that shared links. Now, some people will see and be able to understand the real problem with the delay of transactions.

This is good so people may not have a lot of questions why eth are on that situation of wherein this is in the slow process and think that if eth are dead or not cause the information are provided for.

Ethereum is also just a blockchain system, it also has problem when the transaction created more than the power to confirm transaction hash on the network. Bitcoin or any altcoin use PoW are also have same problem if receive more transaction hash than capacity to working.

ansh_848

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Ethereum is slow because its in growing stage the demand is increasing day by day and most of the people just know about bitcoin. So it will take time to grow in the market.

AIRDROPSQUAD

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Quote from: howardhoward on January 16, 2018, 02:37:58 PM

I haven't ever faced this problem. For me ETH always works quite fast

Really? So i guest you are not active trader. I've been traded eth via etherdelta since November. Actually, now is very different. Network very slow, and gas price increases. It's because eth can't handle anymore a lot of ICO projects

howardhoward

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I haven't ever faced this problem. For me ETH always works quite fast

cryptobobo

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Ethereum faces the exact problem of bitcoin's network,they share the same disadvantages because they are the most commonly used cryptocurrencies in every transactions nowadays,too small blocksize will result congestion if the transactions gone wild.

melted349

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Quote from: CaptainKid on January 13, 2018, 07:33:37 AM

Quote from: Nadia_l on January 13, 2018, 07:21:59 AM

That`s because You catch the period with the max load of the ETH network!

You could monitor here the load of the ETH network https://ethstats.net/
Also, You could check what Gwei is needed to provide the speed and safe THX for the current period here: https://ethgasstation.info/

You correctly made that shared links. Now, some people will see and be able to understand the real problem with the delay of transactions.

This is good so people may not have a lot of questions why eth are on that situation of wherein this is in the slow process and think that if eth are dead or not cause the information are provided for.

chineseprancing

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Quote from: tricker01 on January 14, 2018, 06:27:55 PM

Quote from: cexylikepie on January 14, 2018, 06:13:29 PM

Quote from: Wilfrer on January 14, 2018, 10:49:35 AM

I think everything that happens with ETH is because ETH has not developed so much that its technology needs to be upgraded and developed. However, perhaps from now on, everything will change and its price will increase incessantly, it has reached the era of ETH after Bitcoin has dominated the market for a long time.

We will see Ethereum network improve its system soon. The price of Ethereum passed $1,000 and cryptokitty proved Ethereum network has many problems need to solve soon if it does not want to be worse than Ripple in the future for apply in reality application.

Ethereum was slow because they were looking for the perfect timing of raising up of price. Moreover supporter of ethereum was small business that's why enlargement of this altcoins in the market was too slow. I think they need to catch a whale to support continuously their project.

Disagree with that, even how poor of the business who supports in ethereum if they manage it clearly and good to the eye of many people. I'm sure they can earn a lot of supports from the users. Maybe the ethereum is too much strong but developers limit the movement of ethereum in the market.

tricker01

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Quote from: cexylikepie on January 14, 2018, 06:13:29 PM

Quote from: Wilfrer on January 14, 2018, 10:49:35 AM

I think everything that happens with ETH is because ETH has not developed so much that its technology needs to be upgraded and developed. However, perhaps from now on, everything will change and its price will increase incessantly, it has reached the era of ETH after Bitcoin has dominated the market for a long time.

We will see Ethereum network improve its system soon. The price of Ethereum passed $1,000 and cryptokitty proved Ethereum network has many problems need to solve soon if it does not want to be worse than Ripple in the future for apply in reality application.

Ethereum was slow because they were looking for the perfect timing of raising up of price. Moreover supporter of ethereum was small business that's why enlargement of this altcoins in the market was too slow. I think they need to catch a whale to support continuously their project.

cexylikepie

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Quote from: Wilfrer on January 14, 2018, 10:49:35 AM

I think everything that happens with ETH is because ETH has not developed so much that its technology needs to be upgraded and developed. However, perhaps from now on, everything will change and its price will increase incessantly, it has reached the era of ETH after Bitcoin has dominated the market for a long time.

We will see Ethereum network improve its system soon. The price of Ethereum passed $1,000 and cryptokitty proved Ethereum network has many problems need to solve soon if it does not want to be worse than Ripple in the future for apply in reality application.

Wilfrer

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I think everything that happens with ETH is because ETH has not developed so much that its technology needs to be upgraded and developed. However, perhaps from now on, everything will change and its price will increase incessantly, it has reached the era of ETH after Bitcoin has dominated the market for a long time.

ashmodeus

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i am not sure if ethereum so slow
actually , before make a transaction , let see first how much gas needed on https://ethgasstation.info/
btc also , if u try with low tx fee
of course u will get slow confirmation.

jan.nicolas

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Because the etherium does not have enough capacities, a decision will soon be made about the scaling of the network, because now it is a rather complicated process that even Vitalik Buterin's team can not solve, so probably it's worth waiting a little

senin

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Now 52 percent of all transactions occur in ethereum. It simply does not cope with such an increased flow of transactions. At this time, Buterin is recruiting several teams of specialists to address the issue of ethereum throughput, and we hope that this issue will be resolved in time.

cannycassiopeia

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Ethereum transactions are quite faster that BTC. I've tried it so many times and compared it. No wonder there are more people keeps on supporting Ethereum.

Topic: Why is ethereum so slow? (Read 4786 times)