Topic: Will competitors overcome ETH due to ever-increasing gas fees? - page 5. (Read 581 times)
Could it be there is a party who is benefiting from the high gas fees is the reason why they keep postponing the eth 2.0 to fix this issue! If they came about their users they should put all hands on deck and do what is required to bring the gas price down considerably, even though this has led to the rise of competitive networks, a lot of people still have eth base projects that require the use of gas.
To be honest, the current gas fee of ETH is quite ridiculous. As we can see many projects moving from the ETH network to other networks like Binance Smart Chain due to gas fees. Burning a high gas fee for token holders is just nonsense. Why community should burn high fees where other smart chains offer lower fees with more latest features? So it's become community demand now to move other smart chains. I have seen lately many Launchpads filled by BSC project where ETH project almost ZERO. So it's pretty clear ETH losing popularity and others are gaining. If the same thing continues for longer projects would leave the ETH chain to deploy the contract.
I think competitors are already on the move. There are some L1 operating and some of those eth pioneer are already using those alternatives due to eth high gas fee. We cant blame them as the eth network really pain the ass having huge fee for every transactions. These will be limited only to whales cause potential builders and traders will be hurt with such fee.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
https://etherscan.io/chart/tx
https://bscscan.com/chart/tx
BSC processed more than 6 millions transaction daily compared with ethereum which was around 1.3 millions daily transactions. that proves that if the domination of ethereum was slowly getting eaten by the blockchain who has been getting more scalable compared with ethereum. Miners are the problem in these cases. Those greedy miners didn't care with users.
it is a multi-chain vs cross-chain future question
L1 Ethereum is expensive, but you actually have L2 platforms on Ethereum, that are cheaper to use, and provable provide better security than L1 alternatives
nevertheless, it will be a tough race between Ethereum and L1 competition, but developer base is on Ethereum side
L1 Ethereum is expensive, but you actually have L2 platforms on Ethereum, that are cheaper to use, and provable provide better security than L1 alternatives
nevertheless, it will be a tough race between Ethereum and L1 competition, but developer base is on Ethereum side
Years ago I have been using Ethereum non-stop but after the congestion and high transaction fees, I stopped using it. I don't want to be a martyr spending too much money just because I support them. All I could do is buy more Ethereum but never use it as means of anything. This kind of problem happened with Bitcoin before but thankfully it was carefully fixed.
I still look forward for the upcoming Ethereum 2.0 but I am not that excited anymore thanks to their consecutive postponements. Is there a future when they come back with a better service? Yes. The name and their roots will back them up.
I still look forward for the upcoming Ethereum 2.0 but I am not that excited anymore thanks to their consecutive postponements. Is there a future when they come back with a better service? Yes. The name and their roots will back them up.
IMO, I believe if the Ethereum developers will remain deaf to the appeal of its users and still not fix those expensive transaction fees, they might wake up someday that most of its users are gone and already jump to other cost-efficient networks. as we observe today the crypto industry nowadays has changed a lot because of the strong competition that's why the more they delayed the Ethereum 2.0 implementation the more they will loosen its grip and the dApp market domination.
Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same.
No doubt, they wanna make miners even richer. Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.
Like me. I have been moving to the L2 and another L1 blockchain like solana, matic and BNB. There's no ETA when the ethereum's problem will be fixed. People are hoping they will be seeing ethereum 2.0 asap but again it's no ETA and people didn't even know what they are hoping. On its official website and it's clearly stated that it may got postponed. Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
I do and why not? don't you aware with the so many news that came from various blockchains like BSC, SOL, or even matic? these blockchains created more and more record on its active transactions. So many people are moving away from ethereum to the another blockchain.
Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same. Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
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