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Title: Why do people still use ETH? Post by: bizfyn_ru on July 20, 2021, 08:42:51 AM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.
If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time! As a result, I stopped trading on DEX. I was looking for alternatives like NEAR, TRON, BSC and so on. But due to the low liquidity, you will not earn a lot of money there. So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises! Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! Title: Re: Why do people still use ETH? Post by: Refrumatrix on July 20, 2021, 08:48:25 AM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds
Title: Re: Why do people still use ETH? Post by: bizfyn_ru on July 20, 2021, 04:11:08 PM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds every year I hear this. transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse. Title: Re: Why do people still use ETH? Post by: shinratensei_ on July 20, 2021, 04:30:19 PM every year I hear this. The implementation might take a few years as ethereum protocol is alive and any update through EIP must have passed so many things like approval from the miners, community, audited and tested. transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse. That means it that will need a very long time to implement the update . The update was not related to the exchange site but if you meant about the swap service and this is still having relationship Title: Re: Why do people still use ETH? Post by: Renampun on July 20, 2021, 05:04:58 PM ethereum gas fees are cheap and there are still many platforms that use erc20...
ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap. Title: Re: Why do people still use ETH? Post by: Yogee on July 20, 2021, 05:22:51 PM ethereum gas fees are cheap The current gas fees as shown on etherscan for trading on "DEX" like Uniswap is around $4 - $6. You must be some rich guy to say spending that amount for fees only is cheap. It was significantly reduced but I wouldn't say it's cheap.You can spend less than $1 transaction fee on BSC. I can call that cheap. Title: Re: Why do people still use ETH? Post by: Bravehash on July 20, 2021, 05:28:25 PM ethereum gas fees are cheap The current gas fees as shown on etherscan for trading on "DEX" like Uniswap is around $4 - $6. You must be some rich guy to say spending that amount for fees only is cheap. It was significantly reduced but I wouldn't say it's cheap.You can spend less than $1 transaction fee on BSC. I can call that cheap. Title: Re: Why do people still use ETH? Post by: bonghip on July 20, 2021, 05:51:51 PM Why not continue to use ETH? I have known ETH since 2017, and then ETH was highly appreciated. A lot of people think that ETH will replace BTC. Although this did not happen, Eth has always been in 2nd place and it has attracted a lot of construction projects in the Ethểum ecosystem. Although currently, ETH is facing a few problems in terms of fees, scalability, ... but ETH 2.0 will solve them all. I think everyone is waiting for ETH 2.0
Title: Re: Why do people still use ETH? Post by: apa don on July 20, 2021, 06:38:01 PM ethereum gas fees are cheap and there are still many platforms that use erc20... ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap. Yes, that's right, ETH market assets are now very profitable or attractive in investing, because ETH market assets are easier than other market assets, and the system of a project on ETH market assets is very easy to run. and just hope that in the future it will not change the performance system of a project that is in the ETH market asset. Title: Re: Why do people still use ETH? Post by: Gayong88 on July 20, 2021, 07:18:06 PM While the conditions are exactly as you say, ETH has a different story and perspective for its users. ETH enthusiasts are very high, especially when the price has dropped in recent days, if I see ETH has strong fundamentals, I'm sure developers will find the best solution for its users to minimize transaction costs as you mentioned above.
Title: Re: Why do people still use ETH? Post by: dhemasm on July 20, 2021, 09:12:32 PM ethereum gas fees are cheap and there are still many platforms that use erc20... Not really cheap comparing to BSC or other alternative like Polygon (Matic) But yeah it's still good option since it's offer tons of use case and powerful smart contract, Maybe the fell will change after london fork happens on august 4. Let's see if EIP-1599 on upcoming fork will become effective or not, Cheers!ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap. Title: Re: Why do people still use ETH? Post by: Jaered on July 20, 2021, 09:17:07 PM It is simple. Ethereum still has a lot of projects still leveraging it. Remember it originated Smart Contracts (I may be wrong about this) and thus has many use cases. Also the Decentralized Finance craze started with it, so it would take time before younger bloods like BSC, Matic, Kardiachain start to lay a glove on it
Title: Re: Why do people still use ETH? Post by: goaldigger on July 20, 2021, 09:17:31 PM ethereum gas fees are cheap and there are still many platforms that use erc20... ETH network are not that cheap compare to other network, but it left us no choice because many projects are still under ERC20 and they are still doing good despite of the fees so as long as those projects are still kicking and active, people will still use ETH.ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap. There are some updates with ETH and the fork will happen in the coming weeks so this might address some issues hopefully, but still no assurance for this. We cannot force someone to use other network instead and forget about ETH, again there's a lot of projects under ETH that's the best reason why to stay with ETH and not all new projects are good enough even if they have a faster transactions and cheaper fees. Title: Re: Why do people still use ETH? Post by: magnum cyber on July 20, 2021, 09:34:48 PM I also feel when we make transactions on DEX one of them was Uniswap at that time I had a token with a value of 200$ but I had to pay a fee of more than 50$ to be able to swap on the platform of course it was a very high cost while the token only existed on the platform, but now the eth fee has started low enough that it's cheaper now than it was then and maybe the best way is to switch platforms to BSC which currently provides a fairly cheap fee and the transaction speed is quite fast
Title: Re: Why do people still use ETH? Post by: blockman on July 20, 2021, 10:02:52 PM I also want to see the volume for those DEXs to increase for those networks but it's highly unlikely that we're going to see it anytime soon. People would be staying to trade in centralized exchanges because they feel the safety and there were reports about DEXs that are being hacked so that makes sense for many traders to stay into centralized exchanges. And nothing can stop the popularity of Ethereum this time, it's still one of the choices of many projects with its smart contract and considerably its fee, is still low.
Title: Re: Why do people still use ETH? Post by: TimeTeller on July 20, 2021, 10:23:03 PM While the conditions are exactly as you say, ETH has a different story and perspective for its users. ETH enthusiasts are very high, especially when the price has dropped in recent days, if I see ETH has strong fundamentals, I'm sure developers will find the best solution for its users to minimize transaction costs as you mentioned above. And I believe ETH platform has strong fundamentals. Their developers are in continuous pursuit of improving their services. This team is one of the visible teams in crypto community. Though there may be delays with their implementation but we can say, they are not sleeping on this project. Unlike with other dev teams, the likelihood of abandoning the project is very low to never. This is why people are trusting this network because they are confident the team will not disappear. Title: Re: Why do people still use ETH? Post by: Macadonian on July 20, 2021, 10:49:13 PM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. It did not suddenly become a bad technology the technology is the same except it has been improved upon since your acquaintance began in 2017. The reason people still use Ethereum is because its still profitable and is still one of the better altcoins in the economy today. Title: Re: Why do people still use ETH? Post by: Teraboy on July 20, 2021, 10:50:44 PM I personally moving to the alternative chain like polygon or BSC when ethereum was facing a big problem with the transaction fees.
I must say that if what you were saying was true in the past but did you see the latest fees? It was decreasing a lot. There's no reason to complain about the fees as the blocksize of ethereum was limited. The new blockchain was also learning from what problem that faced by ethereum. Title: Re: Why do people still use ETH? Post by: Macadonian on July 20, 2021, 10:52:15 PM I personally moving to the alternative chain like polygon or BSC when ethereum was facing a big problem with the transaction fees. All altcoins will have to get higher and higher fees as the difficulty and mining decreases this is just obvious from a economical view. BSC has nothing exciting to offer and is not better than Ethereum in any way. I must say that if what you were saying was true in the past but did you see the latest fees? It was decreasing a lot. There's no reason to complain about the fees as the blocksize of ethereum was limited. The new blockchain was also learning from what problem that faced by ethereum. Title: Re: Why do people still use ETH? Post by: micro4lpha on July 20, 2021, 11:10:35 PM What in the hell are you smoking? Imagine if the second biggest blockchain valued at over 200 billion dollars were to send updates just cause we want it faster right now, lol. You need to get back to basics and understand what is going behind these systems. Also, just cause someone managed to create a new blockchain that is a little faster does not mean it is better or that it will EVER have a good ecosystem. Cough google social network, etc. etc. Also, worry about what you need, not what others want.
Title: Re: Why do people still use ETH? Post by: coin-investor on July 20, 2021, 11:12:01 PM Binance chain made a huge profit because of those issues that you pointed out they are now the best alternatives for Ethereum but don't count out Ethereum yet, they are working on it, the developers are not sleeping on their job and they are definitely going to fix this issue, but we have to wait and bear the transactions for now but while they are working to shift to staking.
Title: Re: Why do people still use ETH? Post by: no-ice-please on July 20, 2021, 11:16:40 PM I don't quite know what the exact stats right now are when you compare usage of ETH vs. BSC, but they use it because there have been so many ICOs on the Ethereum platform and they hold all these tokens. It is in their best interest that Ethereum as a platform succeeds such that there tokens can also succeed. Maybe so are hardcore believers, and others might just feel stuck and see no choice other than sticking to Ethereum in order to protect their earlier investments.
Title: Re: Why do people still use ETH? Post by: fenican on July 20, 2021, 11:19:33 PM The surge to $4,000 was particularly confusing. Seems like old technology. I'm much more excited about all the Proof of Stake coins. Why bet on a coin that has yet to make the transition when many are already there?
Title: Re: Why do people still use ETH? Post by: Questat on July 20, 2021, 11:20:45 PM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds every year I hear this. transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse. Title: Re: Why do people still use ETH? Post by: GreatArkansas on July 20, 2021, 11:21:05 PM Binance chain made a huge profit because of those issues that you pointed out they are now the best alternatives for Ethereum but don't count out Ethereum yet, they are working on it, the developers are not sleeping on their job and they are definitely going to fix this issue, but we have to wait and bear the transactions for now but while they are working to shift to staking. Binance Smart Chain is extremely too far from Ethereum, Binance Smart Chain only useful before when the Ethereum network was clogged, and look how Binance Smart Chain now, and as we all know, Binance smart Chain is kinda pure copy-paste of Ethereum.There are still alternatives and much better than Binance Smart Chain for me. And we all know, Ethereum is one of the most trusted smart contracts networks that enable to work since the beginning, so I have no doubt that people are still using Ethereum despite huge transaction fees. Title: Re: Why do people still use ETH? Post by: FinneysTrueVision on July 20, 2021, 11:37:26 PM I have tried Ethereum, Binance Smart Chain and Tron. Tron has the lowest fees but not a lot of interesting projects. BSC has low enough fees and it is continuing to grow and attract developers. I believe that the future will be multi-chain. If BSC continues to grow then all the best projects from ETH will port it over to BSC and operate on both chains. Their is too much money from fees that they can make and I don't think they can ignore BSC forever. There are also some good original projects on BSC, it is not just copy and paste. Pancakeswap might be a fork of Uniswap but it has added so many features that it has it's own identity that separates it from all the clones.
Title: Re: Why do people still use ETH? Post by: smartaction on July 21, 2021, 12:21:26 AM People use ETH Because it was the world's first opensource blockchain technology that made it easy for everyone to create their own cryptocurrency. And its smart contract has the most features. Which gives a token a more advanced look. Although its transaction fee was too high for some time. Now it has been resolved
Title: Re: Why do people still use ETH? Post by: WalkerIVIV on July 21, 2021, 01:03:56 AM that's the there's called EIP and it will be used as a way to improve the protocol. We are all feeling tired with the scalability problem that sometimes it can make the transaction fees more than 100 dollars for each transaction but it's not replacing your puzzle easily dude.
We have been also using the alternative network as an alternative way when ethereum faced scalability problem and the network gets congested Title: Re: Why do people still use ETH? Post by: MSN02 on July 21, 2021, 01:52:45 AM People still use Ethereum because it is so mainstream. There are better projects such as BSC and NEAR that are faster and cheaper to use, but Ethereum has the mainstream hype and the money behind it. It also has the promise of Ethereum 2.0 which is keeping people on the network. (NEAR is everything that Ethereum 2.0 has promised to be)
Title: Re: Why do people still use ETH? Post by: inanilujimi on July 21, 2021, 01:54:17 AM it is possible that people believe that tokens running on the ETH network have far more popularity than others. there are already many solutions for ETH such as BSC and Polygon which so far have cheaper transaction fees. but the popularity of the ETH Token is hard to replace.
Title: Re: Why do people still use ETH? Post by: nomenclatur on July 21, 2021, 02:51:54 AM the gas fee ethereum is very expensive making the costs on DEX more expensive trading examples such as on uniswap which makes the costs add up very large I myself have made trades that cost a lot not worth the results I get of course leaving ethereum is the right choice because of the trading costs it's crazy to make the more expensive gas I sell on the DEX exchange it costs quite a lot so I prefer to delay the sale.
Title: Re: Why do people still use ETH? Post by: TastyChillySauce00 on July 21, 2021, 04:01:48 AM it is possible that people believe that tokens running on the ETH network have far more popularity than others. there are already many solutions for ETH such as BSC and Polygon which so far have cheaper transaction fees. but the popularity of the ETH Token is hard to replace. Yeah, thats also one of reason, people see project that creates token in ETH blockchain instead of other as a more legitimate and more serious but actually its all depends on the project itself, even eth was also used rampantly for scams back then so cant really use that reason as a credible factor to judge a project. I personally have no problem whats the developer preference on where they released their tokens.Title: Re: Why do people still use ETH? Post by: Ararbermas on July 21, 2021, 04:42:07 AM Ethereum still reliable to use even the fees were too expensive and no one can ignore it as it's very trusted although there are some new best coin in the market that can compete with the technology of ethereum but the fact that its been how many years of the services and still very secure and the team keep doing their best to make ethereum became the best alternative in the market unlike other project, so for sure this situation will be fix and it will be fine again soon. Just don't base on the situation mate wherein just believe what will happen in the future..
Title: Re: Why do people still use ETH? Post by: zachyboy090118 on July 21, 2021, 04:50:56 AM Ethereum is one of the promising coins mate, we have different experience in crypto, my experience is good and satisfying with ethereum. Most trader using this one rather than bitcoin because they assured for the safety of there funds. Maybe now ethereum is in crisis as all token but it will rise again in the future.
Title: Re: Why do people still use ETH? Post by: sgenuine on July 21, 2021, 05:03:38 AM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time! As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there. So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises! Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! I am glad to inform you that you don’t have to put up with this robbery that happens every transaction, as many cheap blockchains appear now, like BSC, Polygon, KuCoin. I used to earn money there in different yeild-farming pools, but now it is not profitable. Nevertheless, I believe that it happens because of the bear market and as soon as it ends, I will get my high APYs again. Talking about Ethereum, I think it will become much cheaper and more scalable as soon as Ethereum 2.0. launces. Title: Re: Why do people still use ETH? Post by: Dread Pirate Roberts on July 21, 2021, 05:50:22 AM Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! BSC ? their platform are more cheaper and fastest and also they had wrapped coin that makes more cheaper to move asset from one coin to another. I don't use DEX because I'm quite comfortable with regular exchanges and I've never been staking or for the purpose of earning interest other than trading. so I don't know what causes you to be charged more between. in BSC it seems that everything is low from that much to regular transactions to swaps. Title: Re: Why do people still use ETH? Post by: cryptoaddictchie on July 21, 2021, 06:14:12 AM Eth has improved since then. But if you want another blockchain that works like eth with faster and lower fee then go to bsc network, polygon, fantom, avalanche and solana chain.
We have different taste when it comes to pick but what I suggested are all good blockchain and now being used as alternative to eth network. Yes especially fantom and polygon, both of the fees on these networks are relatively low and you can say that its worth trading or doing a lot of transactions without worrying about the fees. Title: Re: Why do people still use ETH? Post by: ivankoh on July 21, 2021, 06:39:45 AM So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Oh yes, what you're seeing and the experts have all judged, so what do you expect? An agile without a secure validation mechanism for blocks? You can not understand for property, what is the most important? I'm sure it's secure and safe. I also fucked with ETH's Gas, ... but sometimes, I realize that ETH has so strong points that it is one thing to take advantage of its huge liquidity and multitude of coins supported. something different. And so, perhaps Sharding on ETH 2.0 will be a very powerful adjunct to remove the long-standing disadvantages. Just wait, ETH will continue to grow.Title: Re: Why do people still use ETH? Post by: Jackl87 on July 21, 2021, 07:03:59 AM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) You know that the whole DeFi-thing could only happen and arise because of the possibilities that the Ethereum ecosystem offers? Without Ethereum the only thing we could do on the blockchain would probably still be to send x-amount of a currency to another wallet and sign a message and that would probably be it. Yes of course it is also true that the transaction fees on the Ethereum network were so ridiculously high during the height of the Defi-hype, with several hundred $ worths of fees for a dex-swap, that during that period it was not really usuable for a "normal" user because the transaction fees were often higher than the actual transfered or swapped volume. The ETH devs know about that problem though and it already has gotten much better and it hopefully will continue to move into that direction. So i am pretty sure that ETH will continue to be the number 2 crypto-project behind BTC. Title: Re: Why do people still use ETH? Post by: bizfyn_ru on July 21, 2021, 07:24:52 AM I searched for information.
I found several ETH competitors in fact. The closest in terms of liquidity is BSC and TRON. They look good and they have little commission. But you know what? I think everyone should pay attention to beginners. Remember the crazy airdrops from 1inch and Uniswap. I then earned 8 thousand dollars from scratch) I am now thinking of making an exchange for several newcomers of the Near Protocol. They have their own big swap ref.finance, it seems to me that they can distribute some bonuses for their first users. I don't know, I'll just make exchanges everywhere) Maybe it will bring me money from scratch))) Title: Re: Why do people still use ETH? Post by: Kelvinid on July 21, 2021, 08:04:08 AM Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! BSC ? their platform are more cheaper and fastest and also they had wrapped coin that makes more cheaper to move asset from one coin to another. I don't use DEX because I'm quite comfortable with regular exchanges and I've never been staking or for the purpose of earning interest other than trading. so I don't know what causes you to be charged more between. in BSC it seems that everything is low from that much to regular transactions to swaps. But anyways, the BSC platform keeps growing bigger, the competition is getting stronger between ERC2O and the BSC platform. And it is up to us which one we gonna used where we can save some fees. Title: Re: Why do people still use ETH? Post by: MoneyJ on July 21, 2021, 08:41:46 AM ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance.
Title: Re: Why do people still use ETH? Post by: nelson4lov on July 21, 2021, 09:50:50 AM ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance. ETH used to be the most preferred layer 1 blockchain back in the day (since its inception to to 3-4 years ago). As a matter of fact, it became the #1 most used blockchain in 2017 after 98% of all ICOs were conducted on eth that enabled a lot of people to start buying and holding to those ETH tokens. Anyway, this isn't 2017 anymore and ETH has gotten worse ever since. That's why the rise of other layer 1 and layer 2 solutions. This is why I'm bullish on layer 1 solutions like NEAR protocol. Aside from the dirt cheap tx fees, less than 1 second transaction finality. Not to make the fact that it's eth-compatible, thanks to Aurora (A layer 2 solution) built on NEAR that is fully compatible with ethereum and has a bridge (called rainbow bridge) that allows NEAR <> Ethereum to be bridged. ETH 2.0 has a lot of big promises and features most of which are already available in layer 1 solutions like Avalanche, NEAR and solana so I wouldn't put to much hope on it in the long term. Title: Re: Why do people still use ETH? Post by: el kaka22 on July 21, 2021, 10:11:41 AM Ethereum has a much lower gas fee these days so nearly half of all the problems listed here is already gone. I am saying this as a person who favors BSC, but at least ETH is decentralized and that is a very different animal, sure we are going to see more changes in ETH very soon and with eth 2.0 it is going to change a whole lot but even those changes are not made without asking people first, it was asked to community and eth owners and we decided to follow that up so it was asked to us basically.
Secondly BNB is very centralized, Binance controls nearly everything about it, and that is why people do not prefer it, I mean I still do, but I understand the ones that don't, and rest is just not as highly used so why bother. So yeah even though I use bsc over eth, I can still see why people prefer at this point, it is not really as bad as you think it is. Title: Re: Why do people still use ETH? Post by: RussianEnglishTranslation on July 21, 2021, 10:27:38 AM Ethereum has a much lower gas fee these days so nearly half of all the problems listed here is already gone. I am saying this as a person who favors BSC, but at least ETH is decentralized and that is a very different animal, sure we are going to see more changes in ETH very soon and with eth 2.0 it is going to change a whole lot but even those changes are not made without asking people first, it was asked to community and eth owners and we decided to follow that up so it was asked to us basically. Ethereum gas prices are crazy but at least we know Ethereum is safe to use. There have been numerous issues with BSC and Polygon. I only feel safe using xDAI and ETH right now. I think Aurora on NEAR will scale Ethereum soon and we won't even have to wait for ETH 2.0.Secondly BNB is very centralized, Binance controls nearly everything about it, and that is why people do not prefer it, I mean I still do, but I understand the ones that don't, and rest is just not as highly used so why bother. So yeah even though I use bsc over eth, I can still see why people prefer at this point, it is not really as bad as you think it is. Title: Re: Why do people still use ETH? Post by: Ozero on July 21, 2021, 10:30:53 AM I think etherem is an old altcoin that can evolve with the times, so the features in it attract the attention of everyone who wants to develop their projects using the ETH network, and as evidenced by the number of successful projects using the etherem network, although the transaction costs are quite large but very according to its expensive price and the process is also very fast, I believe that the rise in popularity of the BSC chain is temporary. The ethereum network will be updated as part of the improvements to Ethereum 2.0 and similar platforms will lose their popularity, which they gained due to the temporary complexity of the ethereum network. Of course, market participants already now need platforms with low commission fees, and therefore everyone is looking for their own way out to continue their normal work. My erc-20 tokens are still in ethereum wallets for now. Ethereum is still ahead, you need to wait a bit.Title: Re: Why do people still use ETH? Post by: Golftech on July 21, 2021, 10:33:22 AM So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Oh yes, what you're seeing and the experts have all judged, so what do you expect? An agile without a secure validation mechanism for blocks? You can not understand for property, what is the most important? I'm sure it's secure and safe. I also fucked with ETH's Gas, ... but sometimes, I realize that ETH has so strong points that it is one thing to take advantage of its huge liquidity and multitude of coins supported. something different. And so, perhaps Sharding on ETH 2.0 will be a very powerful adjunct to remove the long-standing disadvantages. Just wait, ETH will continue to grow.Most traders who are waiting for ETH 2.0 expects improvements after this one is release, the updates may bring more interest from people who are not satisfied with how ETH currently working with those delays and some issues with the fees, good thing still, there are many developers who still using this chain and that's works for ETH. Title: Re: Why do people still use ETH? Post by: Sollaes on July 21, 2021, 03:46:39 PM I am using Binance Smart Chain and Polygon and I am totally satisfied with them. I also refused Ethereum because of fees. Moreover, these alternative blockchains are developing rapidly. A lot of people, especially newbies, get tempted by cheap commissions and come. This way liquidity is growing. Moreover, a lot of new defi-projects appear there every day, so I see development.
Title: Re: Why do people still use ETH? Post by: Snappycoco on July 21, 2021, 04:00:34 PM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds Yeah and Eth2.0 would probably be much greater to this fixing. It could match the low fees of Smart chain and could potentially bring back investors to decentralised network. The Eth's fee's was truly a robbery specially to bounty hunters who earns less than what the fee is.Title: Re: Why do people still use ETH? Post by: sammy21 on July 21, 2021, 04:44:28 PM The factor that makes people use ETH is in the features it offers, ETH being the first blockchain to offer open source features so that it can make it easier for people to make their crypto according to what they want, plus with the strength of ETH in the crypto market, nothing else doubted the quality of ETH despite the frequent increase in transaction fees.
Title: Re: Why do people still use ETH? Post by: pantek talacuik on July 21, 2021, 04:49:23 PM I think etherem is an old altcoin that can evolve with the times, so the features in it attract the attention of everyone who wants to develop their projects using the ETH network, and as evidenced by the number of successful projects using the etherem network, although the transaction costs are quite large but very according to its expensive price and the process is also very fast, With good quality and crypto that many people have known for a long time has become a natural thing for me with such transaction fees. a good rating will show good things. I can't wait to see the year-end price for this project. Interesting to see Ethereum will return to its latest price in Q4. Title: Re: Why do people still use ETH? Post by: Alanaz on July 21, 2021, 05:47:53 PM ethereum gas fees are cheap and there are still many platforms that use erc20... ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap. maybe it's for you and the coin holders above $50, because for us, small traders, trading on Uniswap is still not very good for now. at a cost that is almost 2x it is not comparable with the results exchanged. except we prefer to send it to the market if there is an alternative than having to exchange it on Uniswap. to be honest I own the ERC20 Token but it is not traded on any market other than Uniswap. and until now it is still not useful at all until finally the price continues to fall and lose its value. Title: Re: Why do people still use ETH? Post by: lixer on July 21, 2021, 07:47:00 PM I am using Binance Smart Chain and Polygon and I am totally satisfied with them. I also refused Ethereum because of fees. Moreover, these alternative blockchains are developing rapidly. A lot of people, especially newbies, get tempted by cheap commissions and come. This way liquidity is growing. Moreover, a lot of new defi-projects appear there every day, so I see development. It's all about user preference. There are people who still make transactions with Bitcoins despite knowing that if they take a few minutes and convert their bitcoins into other altcoins, they can save a lot of transaction fees but they just don't care and prefer Bitcoins over these altcoins anyway.Ethereum was excellent when it first came but now because so many projects are built on the platform, it has become crowded and there are better blockchains in the crypto space now for developers to build their projects and the best ones will always deploy their own blockchain. I must mention here that Solana is another decent blockchain to keep an eye on. Title: Re: Why do people still use ETH? Post by: no-ice-please on July 21, 2021, 10:47:14 PM Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! BSC ? their platform are more cheaper and fastest and also they had wrapped coin that makes more cheaper to move asset from one coin to another. I don't use DEX because I'm quite comfortable with regular exchanges and I've never been staking or for the purpose of earning interest other than trading. so I don't know what causes you to be charged more between. in BSC it seems that everything is low from that much to regular transactions to swaps. But anyways, the BSC platform keeps growing bigger, the competition is getting stronger between ERC2O and the BSC platform. And it is up to us which one we gonna used where we can save some fees. You are also kind of bound to the platforms that offer the network effects you are looking for. One day when all these application have real world usage you don't want to be holding dozens of coins as fees for different multi purpose platforms. An example could be an Airbnb app if you have that on Ethereum, but an insurance app on a totally different platform that they either don't cooperate or you have to hold different gas fee / transaction fee tokens. If you have the insurance app and the Airbnb app on one network, you might be able to buy both with one click (assuming you would have to buy an insurance of course). The more apps on one single platform operate, the higher the overall network effects. That's why most users gravitate towards Ethereum or Binance Smart Chain. Title: Re: Why do people still use ETH? Post by: senyorito123 on July 21, 2021, 11:55:51 PM There's a lot of alternatives to divert now, we can use bsc network of binance for the tokens now merged to their network. More projects has turned to their platform due to less transaction fees, but ethereum's development won't be neglected because they're still developing and improving their network. Though there's some instances that promise won't be fulfilled due to several reasons, still they remain constant on the marketplace because of continuous support from holders.
Title: Re: Why do people still use ETH? Post by: WalkerIVIV on July 22, 2021, 04:41:04 AM There have been numerous issues with BSC and Polygon. I only feel safe using xDAI and ETH right now. I think Aurora on NEAR will scale Ethereum soon and we won't even have to wait for ETH 2.0. What kind of issue that happened with BSC and Poly? I meant the centralized protocol were not perfect and the issue with validator, etc can happen anytime. Even ethereum gets stopped for a while during the implementation of the new EIP. i guess there was no perfect chain. Once ethereum will able to increase its scale and those second layer will be useless. Title: Re: Why do people still use ETH? Post by: MSN02 on July 22, 2021, 09:59:43 AM People still use ETH because of the promise of ETH 2.0. ETH has also built a very solid community and is so widely used that it just makes sense as a developer to build on it. There are other projects like NEAR that already do what ETH 2.0 has promised to do, they just don?t have the hype behind it that EHT has. I believe that in the future cryptos like NEAR will become more widely used. I believe that many projects will build bridges to Ethereum like NEAR has to reek the benefits of both. As crypto becomes more wide spread i believe that projects will work with other projects to get both benefits and that?s why ETH will always be the queen of crypto behind Bitcoin. There will be other alts that get close but won’t quite reach that status!
Title: Re: Why do people still use ETH? Post by: jostorres on July 22, 2021, 10:19:18 AM I think etherem is an old altcoin that can evolve with the times, so the features in it attract the attention of everyone who wants to develop their projects using the ETH network, and as evidenced by the number of successful projects using the etherem network, although the transaction costs are quite large but very according to its expensive price and the process is also very fast, And the transaction cost is so high because the number of transactions happening on the ERC-20 blockchain is massive. I am expecting a solution to arrive with the launch of Eth2.0 because they have promised a lot and everyone anticipates big things with its launch.The closest in terms of liquidity is BSC and TRON. They look good and they have little commission. I always prefer Tron as a separate coin than projects build in it, apart from USDT of course. For projects to build, I still think ETH and BSC are the best blockchains. In terms of fees, there is just no doubt that TRX is way better than the other two.Title: Re: Why do people still use ETH? Post by: shinratensei_ on July 22, 2021, 10:23:36 AM ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance. It doesn't superior and there's no way to call that superior dapps. The fact that the transaction of BSC was more than ethereum as per the latest news that was already published last month. ETH has the first decentralized protocol and so many BSC and Polygon users were still using ethereum as the main dapps. People were only jumping from one to the another protocol and that's why people were still using ethereum. Title: Re: Why do people still use ETH? Post by: no-ice-please on July 22, 2021, 11:38:20 AM People still use ETH because of the promise of ETH 2.0. ETH has also built a very solid community and is so widely used that it just makes sense as a developer to build on it. There are other projects like NEAR that already do what ETH 2.0 has promised to do, they just don?t have the hype behind it that EHT has. I believe that in the future cryptos like NEAR will become more widely used. I believe that many projects will build bridges to Ethereum like NEAR has to reek the benefits of both. As crypto becomes more wide spread i believe that projects will work with other projects to get both benefits and that?s why ETH will always be the queen of crypto behind Bitcoin. There will be other alts that get close but won’t quite reach that status! And I think there is substance to the promises that Vitalik Buterin makes. So far he has always delivered the technology he claimed to be delivering, albeit it sometimes happened with some delay, but I think that is fine. People now trust again that what ever has been discussed and promised will also be delivered. If they can achieve a decent scale for Ethereum I think that will give the price another push. Title: Re: Why do people still use ETH? Post by: Kez1817 on July 22, 2021, 11:56:55 AM People still use Ethereum because this altcoin is still valuable despite of a higher gas fee. Also, it keeps on improving that's why people always trust Ethereum network. There's a lot of alternative to Ethereum like BSC network but Ethereum is still the second valuable digital currency to Bitcoin.
Title: Re: Why do people still use ETH? Post by: Malam90 on July 22, 2021, 12:32:51 PM Already the use of Ethereum network has come down and BSC network has risen in the last couple of months. Now BSC DEXs are very popular and hot trend where only Uniswap is still popular. That's why use of ETH is now 2nd mainstream where Pankcakeswap, Babyswap are on the rise and you can that BSC is the main stream Chain now. Very soon, Polkadot will also be one of the main stream Chain like ETH and BSC.
Title: Re: Why do people still use ETH? Post by: Republikcoin.com on July 22, 2021, 12:42:53 PM Already the use of Ethereum network has come down and BSC network has risen in the last couple of months. Now BSC DEXs are very popular and hot trend where only Uniswap is still popular. That's why use of ETH is now 2nd mainstream where Pankcakeswap, Babyswap are on the rise and you can that BSC is the main stream Chain now. Very soon, Polkadot will also be one of the main stream Chain like ETH and BSC. It seems that the cryptocurrency world needs a platform that can process transactions quickly and with low transaction fees. I mean, it's a waste of time and effort if we use the most perfect platform, but the transaction fee is above $10 and it can take up to 30 minutes to complete the transaction processing. Apart from losing money, we also lose time. Are cryptocurrency enthusiasts' ideals of "decentralized better than centralized" starting to fade? Title: Re: Why do people still use ETH? Post by: Darktongue on July 22, 2021, 01:43:23 PM When we are using something, then starting to hate it means we will go back soon if the real problem is solved. Recently I tried to make a BSC transaction which will cost me 0.31 cents. We are getting the same opportunity in the Ethereum blockchain ( 10 GWEI TPS). Definitely from next year, others blockchain transaction costs will be low because of the final version of Ethereum 2.0.
Title: Re: Why do people still use ETH? Post by: Fivestar4everMVP on July 22, 2021, 02:04:55 PM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds Well mate, how sure are you that Ethereum transaction fees are no longer a problem,?? Because I personally think it still lingers, just last week, the day shapeshift announced airdroping fox tokens to their long time users,, fortunately, I was one of the beneficiaries and we know, Fox is an erc20 token, I remember gas fees on Ethereum blockchain that day was hell, I spent almost half of the airdrops worth to in fees during claiming, and after successfully claiming the airdrop, I was really angry at the amount of money i spent on fees during the claiming process, and this made me to sell of the fox tokens so as to recover my money back which I borrowed from my other investments. I personally think nothing is solved yet, the reason why it looks as if fees on Ethereum is low is because not many people use the blockchain anymore, the number of transactions that happens on Ethereum blockchain a day has significantly dropped and this has made it look like fees are now low on the network, if any popular project should announce something that will cause a really lots and lots of people to transact on Ethereum network again even if for 2 hours, we all will notice that the transaction fees will instantly hike again. Title: Re: Why do people still use ETH? Post by: dificanovi on July 22, 2021, 03:54:19 PM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. that is how ETH holders feel in very small amounts, if they want to take a little profit from ETH then they will be disappointed when they see very expensive transaction fees. In the past, ETH really helped me in disbursing profits, but when ETH transaction fees increased, I rarely transacted using ETH. Hopefully transaction fees on ETH will return to normal and we can all use ETH like in 2017. Title: Re: Why do people still use ETH? Post by: devil2man on July 22, 2021, 07:31:24 PM I am slowly transferring my crypto wallet on the bsc blockchain but it is not an immediate thing before being able to liquidate all the tokens i have on eth it will take some time and therefore for a while i will have to continue using its blockchain which is became very slow in transfers and really expensive
Title: Re: Why do people still use ETH? Post by: Clavulanic on July 22, 2021, 09:22:17 PM People won't turn their backs for eth because most traders owned erc20 tokens that has a good potential eversince new other platforms existed. Though the gas is quite too expensive for today, that doesn't mean we're going to avoid ourselves from eth, it's still worth it to hold due to its uprising value. Gas for transaction fee is the most common reason why people still prefer to use eth, long term holding is just secondary options.
Title: Re: Why do people still use ETH? Post by: WalkerIVIV on July 23, 2021, 03:55:17 AM People still use Ethereum because this altcoin is still valuable despite of a higher gas fee. Also, it keeps on improving that's why people always trust Ethereum network. There's a lot of alternative to Ethereum like BSC network but Ethereum is still the second valuable digital currency to Bitcoin. I think that it's not caused by the ethereum was valuable coin. Ethereum was the top 2 CMC and that means the demand for the people to use ethereum is still huge at this momend. The problem with ethereum fees will be sorted out and that will give the user the trust again. Million transactions is still happening with ethereum everyday and that means the use base is still high as the rank on CMC that makes sense if people still use it Title: Re: Why do people still use ETH? Post by: indrakusumaindra on July 23, 2021, 04:00:59 AM the reasons why people still using ethereum cause ethereum still the most trustable network in cryptospace, its true there is a lot alternative that offering good price in gas but the trust and the safety concern always make ETH become number one in crypto space, people even still mine it even though its need a lot money to do it. If you talking about dex i do think eth dex such as uniswap still the biggest choices in crypto space, when we look other DEX such as pancake swap that have a bug and also recently thor chain that got hacked i do believe its better to use a good network and safety such as ETH.
Title: Re: Why do people still use ETH? Post by: mrjoy15 on July 23, 2021, 04:26:49 AM Ethereum testnet is coming. Massive Ether accumulation is happening. It's right to follow the whales, or we'll just have to wait and find out what's the coming. I agree with the strategy, I'lll add up again and see where the market is then. Crypto are being controlled by the whales, so don't rely fully on the daily volume.
Title: Re: Why do people still use ETH? Post by: Roy Asher on July 23, 2021, 06:04:27 AM When thinking about this issue, when we mentioned Ethereum, our first reaction was smart contracts and one-click currency issuance, the underlying development system, and now in the field of public chain underlying development systems, no currency can support application development.
Title: Re: Why do people still use ETH? Post by: tvplus006 on July 23, 2021, 10:36:10 AM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. Title: Re: Why do people still use ETH? Post by: Dr.Osh on July 23, 2021, 10:58:20 AM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. Title: Re: Why do people still use ETH? Post by: fileo on July 23, 2021, 11:03:00 AM I don't trade using ERC 20 because nowadays BSC is much affordable than ERC. I admit there are a lot of scammers using BSC but I also know even it is Ethereum scammer can use it too. In BSC is very low fees compare to ERC 20. I also try TRC 20 because it is also affordable like BSC. I avoid using ERC 20. But if the gas fee will decrease to much affordable. Then once again will use it.
Title: Re: Why do people still use ETH? Post by: xiboothrezi on July 23, 2021, 02:02:54 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It's a shame that there are a lot of potential projects that still use ethereum. if you ignore ethereum because of high transaction fees, why not use the BSC network? seems to be more well-known and commonly used by developers as a second choice after ETH.well, that's your choice, I can only suggest that it should not be abandoned completely, after all gas fees have started to normal and the ethereum dev team is trying to develop a more reliable ecosystem so that transaction fees can be controlled. Title: Re: Why do people still use ETH? Post by: no-ice-please on July 25, 2021, 02:47:31 AM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. Not aware of the exact numbers, but I can imagine that Binance Smart Chain is at least getting closer to Ethereum in terms of the number of projects launched on its network or it may even have overtaken Ethereum by now. If it didn't yet, it probably will within the next couple of months as for now Ethereum is still not able to handle large scale micro transactions, which is important for most of the apps built on top of these networks. Title: Re: Why do people still use ETH? Post by: andriarto on July 25, 2021, 03:55:03 AM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. Not aware of the exact numbers, but I can imagine that Binance Smart Chain is at least getting closer to Ethereum in terms of the number of projects launched on its network or it may even have overtaken Ethereum by now. If it didn't yet, it probably will within the next couple of months as for now Ethereum is still not able to handle large scale micro transactions, which is important for most of the apps built on top of these networks. Title: Re: Why do people still use ETH? Post by: Xinarae* on July 25, 2021, 04:59:50 AM Although the binance smart chain is currently improving ethereum's application will continue ethereum is improving through blockchain technology. Although the fee for its transaction is high there is demand in the market unlike other blockchains etherium can do much more etherium is programmable which means developers can use it to create new types of applications. Decentralized applications take advantage of cryptocurrency and blockchain technology to facilitate transactions.
Title: Re: Why do people still use ETH? Post by: junkerr on July 25, 2021, 05:17:56 AM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. I think you have started to despair about the future of ethereum, especially regarding transaction fees.but some traders still have the confidence and convenience of trading on the ethereum network. there is no coercion anyway as long as the transaction fee is still safe for a trader I think there is no need to complain and despair. several projects took this momentum such as BSC and NEAR. but all back on the market. they determine how we can rate a platform. Title: Re: Why do people still use ETH? Post by: pantek talacuik on July 25, 2021, 01:48:10 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. Maybe it's your choice to get fed up with Ethereum or stop using it. but you can see for yourself that Ethereum is a coin that many people need to make transactions on any exchange. I don't forbid you to hate Ethereum because it is all your choice. Title: Re: Why do people still use ETH? Post by: bamb on July 25, 2021, 03:08:14 PM Ethereum still have big potential and capacity to grow, people believe ethereum platform have improved their lives in Cryptocurrency so far and unknowingly stick with ethereum platform whether is serving the purpose for which it's been used. The cheap fee is one of the reasons ethereum platform is preferred and that is elusive now on ethereum platform. Furthermore, the unending promises of better platform is tiring. Despite all of this challenges on ethereum network, ethereum is still better than many altcoin!
Title: Re: Why do people still use ETH? Post by: Ziskinberg on July 25, 2021, 11:41:33 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. Maybe it's your choice to get fed up with Ethereum or stop using it. but you can see for yourself that Ethereum is a coin that many people need to make transactions on any exchange. I don't forbid you to hate Ethereum because it is all your choice. Title: Re: Why do people still use ETH? Post by: uneng on July 26, 2021, 12:10:26 AM I wouldn't say ETH fees are fair now, but they are much better than they were months ago. Let's say it's acceptable.
The point is that every network with huge demand will face expensive fees in transactions. Alternative networks can be useful for some people who can't wait ETH fees go down or have to make tons of transactions daily, but they aren't going to replace ETH, because as soon as the demand for ETH decreases, fees decrease as well and then more people start using it again. Title: Re: Why do people still use ETH? Post by: kaseygriffin on July 26, 2021, 04:07:12 AM ETH has always been one of the top priority choices to reach this market after bitcoin. While we can complain about its transaction costs as well as its speed of completion, the popularity it creates as limitations on its capabilities are evident. It will be annoying for people with small investments and frequent transactions :) , this problem should see themselves as doing so again and blame ETH.
Title: Re: Why do people still use ETH? Post by: pantek talacuik on July 26, 2021, 02:44:01 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. Maybe it's your choice to get fed up with Ethereum or stop using it. but you can see for yourself that Ethereum is a coin that many people need to make transactions on any exchange. I don't forbid you to hate Ethereum because it is all your choice. That may be the reason people don't use Ethereum in the next few months, if there is a new transaction fee that is cheaper, Ethereum will probably be reused. but it all depends on everyone at this time. Title: Re: Why do people still use ETH? Post by: jajorforce on July 26, 2021, 06:19:51 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. Recently, Ethereum transaction cost surpasses the Bitcoin transaction cost even though Ethereum is the top popular blockchain in the crypto world. Definitely, most of your favorite tokens will support the ETH blockchain in the future. Although now so many projects are supporting the BSC blockchain. We are getting closer to BSC transaction cost or in future Ethereum will cross. This is the reason we are using ETH blockchain.Title: Re: Why do people still use ETH? Post by: Baihaki Khaizan on July 26, 2021, 06:51:37 PM you tell stories and complain when you feel wronged, you say you've had success with ethreum, but when ethreum transaction fees you blame it and in my opinion that's unfair. here everyone can make their choice and with their own perspective, each platform must have advantages and disadvantages, so be wise, don't complain, make your best choice and achieve success.
Title: Re: Why do people still use ETH? Post by: no-ice-please on July 26, 2021, 08:38:54 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. A lot of projects that have been launched recently are not running on top of the Ethereum network. Binance Smart Chain seems to be the preferred hub for now for any new project launched, or most new projects. But there are so many older projects that people are still holding onto, that there is no way around Ethereum. Everyone is waiting for Ethereum to scale and succeed and make their token valuable. Title: Re: Why do people still use ETH? Post by: armanhusni on July 27, 2021, 04:44:12 AM While the conditions are exactly as you say, Ethereum has a different story and perspective for its users. Eth enthusiasts are very high, especially when the price has dropped in recent days, If I see Ethereum has strong fundamentals, I'm sure developers will find the best SOLUTION for its users to minimize transaction costs as you mentioned above.
Title: Re: Why do people still use ETH? Post by: RussianEnglishTranslation on July 27, 2021, 06:13:05 AM ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance. ETH used to be the most preferred layer 1 blockchain back in the day (since its inception to to 3-4 years ago). As a matter of fact, it became the #1 most used blockchain in 2017 after 98% of all ICOs were conducted on eth that enabled a lot of people to start buying and holding to those ETH tokens. Anyway, this isn't 2017 anymore and ETH has gotten worse ever since. That's why the rise of other layer 1 and layer 2 solutions. This is why I'm bullish on layer 1 solutions like NEAR protocol. Aside from the dirt cheap tx fees, less than 1 second transaction finality. Not to make the fact that it's eth-compatible, thanks to Aurora (A layer 2 solution) built on NEAR that is fully compatible with ethereum and has a bridge (called rainbow bridge) that allows NEAR <> Ethereum to be bridged. ETH 2.0 has a lot of big promises and features most of which are already available in layer 1 solutions like Avalanche, NEAR and solana so I wouldn't put to much hope on it in the long term. Title: Re: Why do people still use ETH? Post by: oprahwindfury on July 28, 2021, 06:45:03 AM Ethereum exchange charge is as of now not an issue and August is close which we will see shockingly better and less expensive exchange charge on Ethereum organization, the cerebral pain is now finished, with respect to the inquiry you posed to numerous individuals simply lean toward ETH and you and I can't alter their perspectives.
Title: Re: Why do people still use ETH? Post by: Sendi blackspade team on July 28, 2021, 06:55:58 AM Ethereum exchange charge is as of now not an issue and August is close which we will see shockingly better and less expensive exchange charge on Ethereum organization, the cerebral pain is now finished, with respect to the inquiry you posed to numerous individuals simply lean toward ETH and you and I can't alter their perspectives. hope everything goes smoothly. because some updates that have been planned by the ethereum team also experienced delays. this is related to the ethereum 2.0 update that the community has been waiting for.the actual transaction costs will either affect the total or not. because several times we see the instability of transaction fees that are very far away. still too fast to go up and down too. Title: Re: Why do people still use ETH? Post by: MoneyJ on July 28, 2021, 07:02:08 AM ETH pioneered blockchain application and gave logic. Now with ETH, DeFi's and NFTs are in force to reckon with in cryptospace. Some will say too expensive and slow but the technology is way beyond wonders. Possibilities are endless with blockchain application development.
Title: Re: Why do people still use ETH? Post by: no-ice-please on July 28, 2021, 11:44:57 PM I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions. It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase. A lot of projects that have been launched recently are not running on top of the Ethereum network. Binance Smart Chain seems to be the preferred hub for now for any new project launched, or most new projects. But there are so many older projects that people are still holding onto, that there is no way around Ethereum. Everyone is waiting for Ethereum to scale and succeed and make their token valuable. The issue with this point of view is that Ethereum always claimed it wants to become the center of all action when it comes to decentralized applications. Hence they have to solve the scalability problem. It would also make sense to have one place that you go to when you need decentralized apps. It is the same as when you go to the Appstore of Apple. Imagine you would have 8 app stores on your mobile phone, you would freak out of course. Title: Re: Why do people still use ETH? Post by: RussianEnglishTranslation on July 29, 2021, 04:56:47 AM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time! As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there. So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises! Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! Title: Re: Why do people still use ETH? Post by: Traderbtcc on July 29, 2021, 10:19:39 AM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds I don't think this has been resolved yet, AFAIK Ethereum 2.0 is still yet to be deployed fully and it has been postponed to next year, if you call $4-5 transactions cheap then I presume you're rich, cause other people really can't waste such amount on just one transaction, other blockchains like NEAR Protocol takes less than >$0.01 for gas fees compared to Ethereum, the only reason why Ethereum is still up there is because its the most popular altcoin else even the ETH 2.0 upgrade means nothing cause other blockchains platforms like Near Protocol are already offering what eth 2.0 is said to offer. :-\Title: Re: Why do people still use ETH? Post by: rosemariefrancis on July 29, 2021, 10:30:08 AM I have heard many of my friends complain about this as well, but now they have reduced it and the update is due in August so I think things from here on are going to get better
Title: Re: Why do people still use ETH? Post by: no-ice-please on July 29, 2021, 10:31:37 AM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time! As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there. So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises! Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! If NEAR can do all the things you are talking about and if NEAR already solved all the problems that Ethereum has while still being fully decentralized (which I don't know), it is suspicious that the market has not recognized that in a way such that it is a multi billion dollar market cap coin. Is NEAR fully decentralized like Ethereum? Title: Re: Why do people still use ETH? Post by: TastyChillySauce00 on July 29, 2021, 10:42:35 AM ETH pioneered blockchain application and gave logic. Now with ETH, DeFi's and NFTs are in force to reckon with in cryptospace. Some will say too expensive and slow but the technology is way beyond wonders. Possibilities are endless with blockchain application development. This coin pioneered some of those things indeed but we shouldn't underestimate other coins that are doing great by creating and innovating something into their chain, like you see many nft games, created blockchain that isn't expensive for making rapid transactions and suits well for gaming platform.if only eth could fix its problem faster its gonna be great but sadly they can't. but i honestly like if the project being spread to many blockchains based on their own need. Title: Re: Why do people still use ETH? Post by: Sayeds56 on July 29, 2021, 11:01:13 AM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee. Title: Re: Why do people still use ETH? Post by: RussianEnglishTranslation on July 29, 2021, 01:04:38 PM My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different. Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL) I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time! As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there. So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists! Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises! Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together! If NEAR can do all the things you are talking about and if NEAR already solved all the problems that Ethereum has while still being fully decentralized (which I don't know), it is suspicious that the market has not recognized that in a way such that it is a multi billion dollar market cap coin. Is NEAR fully decentralized like Ethereum? Title: Re: Why do people still use ETH? Post by: distr@yopmail.com on July 29, 2021, 01:41:22 PM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee. we can see how pancake swap like exchanges become as awesome as UniSwap in what I think is pretty short. but I'm sure, when everything is resolved, ethereum will get huge adoption in the market. Title: Re: Why do people still use ETH? Post by: rosebrand on July 29, 2021, 04:18:22 PM So bad ethereum network got so congested and using it's network became so complicated which is so bad, users paying insane fees for transaction with a slow network as well, back in the days of 2017 eth was the best but currently due to it's limitations there are so many projects competing with eth, and most of them are just imitations of other networks but I found the Near protocol blockchain being so unique and even possess the features of the hyped eth 2.0, seeing this i was kinda thinking near was the eth 2.0 itself.
Title: Re: Why do people still use ETH? Post by: bitkanu on July 29, 2021, 04:34:45 PM I think Ethereum will continue to do well with the help of sidechains like Fantom and NEAR Aurora. Title: Re: Why do people still use ETH? Post by: gustavroy on July 29, 2021, 07:59:58 PM ETH is gonna legend after EIP 1559 london hardfork and you will be shame about this topic. 5 figures is soon. The technology of ethereum is undisgusuble and gas fees will be low soon.
Title: Re: Why do people still use ETH? Post by: reza7777 on July 29, 2021, 09:26:36 PM Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better
Title: Re: Why do people still use ETH? Post by: Shallow on July 30, 2021, 08:40:41 AM To start with, there is no reason not to use Ethereum blockchain because it is currently the best blockchain when it comes to altcoins, if it isn't the best other won't copy from it or even use some of its features. On the issue of high gas fees, did you realized that during the bull run and even with the high gas fee, people were still using ETH, and of course ETH reached a new ATH. BSC network which offered a cheap transaction fee got to a point where it was messed up, transactions were failing and congestion was too much, and that is for a network which is still new to an extent. Recently now, Bsc network is still not working perfectly, transactions finds it hard to go through.
Let's go ahead to use Bitcoin as an example, I remember a time where other blockchains were using the slow speed of Bitcoin as a basis to create theirs, claiming it will be faster and so on, but even at the midst of that, Bitcoin still remained the best till date. Ethereum has lasted this long because it is just better than others, and the team are always working, moreover the gas fee is not high like it's used to be. Title: Re: Why do people still use ETH? Post by: Golftech on July 30, 2021, 09:20:01 AM Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better Yes it's true, ethereum is one of the biggest altcoin platforms that many projects trust to work on and of course almost everyone also has no doubts about ethereum, even though transaction fees have recently increased on the network, but I don't think if they will leave the ethereum network just for that reason, but they will just look for alternatives like BSC for now. Indeed, being one and the first smartchain, ETH still have a lots of end users who continue supporting this system, though unlike before that everyone are stuck with using it but now that BSC has been offered where fees is really smaller compared to ETH, but it's depend from how the community and develpoers choose which chain to use. Title: Re: Why do people still use ETH? Post by: junkerr on July 30, 2021, 01:10:00 PM Ethereum exchange charge is at this point not an issue and August is close which we will see far and away superior and less expensive exchange expense on Ethereum organization. This is the reason individuals are confiding in this organization since they are sure the group won't vanish. On the off chance that I see ETH has solid essentials, I am certain designers will track down the best answer for its clients to limit exchange costs as you referenced previously. there's really nothing to worry about with ethereum. although people are fussing about the update delay in this august. but trust with ETH assets is irreplaceable. ethereum will gain market momentum again. even without a rally from bitcoin, I believe ETH can get their own rally in the market.Title: Re: Why do people still use ETH? Post by: juanda on July 30, 2021, 09:07:57 PM it is difficult to switch from Ethereum platform especially bounty hunters because many bounty campaigns require ethereum wallet to receive rewards from bounty campaigns. and now the transaction fee is low and unlike a few months ago it reaches $15-30/transaction. now it costs only $0.5-2/transaction and ethereum is the best in my opinion.
Title: Re: Why do people still use ETH? Post by: aditasetia123 on July 30, 2021, 09:32:13 PM Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better this is the main reason why ethereum use by new project in cryptocurrency market, as pioneer in smartcontract platfrom alot dev team creating contract under eth platform, trust and strong community will be main reason for it.it is difficult to switch from Ethereum platform especially bounty hunters because many bounty campaigns require ethereum wallet to receive rewards from bounty campaigns. and now the transaction fee is low and unlike a few months ago it reaches $15-30/transaction. now it costs only $0.5-2/transaction and ethereum is the best in my opinion. i think we see another platform that used to receive bounty reward. BSC address also required to in several campaign now. if talking about transaction fee, core dev team working very well since fees decrease alot . Title: Re: Why do people still use ETH? Post by: osasshem on July 30, 2021, 11:40:14 PM The rate of transaction using the ETH network was some hell of cost made, where those with little amount of coins finds it difficult to move their assets out from the ETH wallet to other wallets/exchanges. Well, the good news is that the cost of transaction has drastically reduced from how it was before now and we are waiting for the new upgrade that is to be implemented into the smartchain network which will improve it's usability and a slice down of transaction fees.
With a low transaction fee in any Network, it calls for a high rate of adoption by users. For instance, the BSC network is one that is getting a high population of users since the rate of transaction fee increased in the ETH network. Title: Re: Why do people still use ETH? Post by: Pelana vreo on July 31, 2021, 04:02:18 AM -snip- that's right, you can use Lightning Network to get low fees when sending Bitcoins and I think ethereum sending fees are currently lower than early year 2021, high gas fees when trading on Uniswap make users switch to using Bsc network, it takes more than 25 confirmations on the network when we do the swap and I think it's normal, I think op can choose the cex exchange to avoid high trading fees. Title: Re: Why do people still use ETH? Post by: Sithara007 on July 31, 2021, 04:15:37 AM Technology is not the reason. Ethereum is a second generation cryptocurrency and in case technology was the primary concern then it could have got replaced many years ago by various third generation cryptocurrencies such as Cardano and NEO. And fourth generation cryptos are being developed right now. The reason is that Ethereum had a monopoly early on. It was the first smart contract platform and many of the earlier projects didn't had any other choice apart from using the ERC-20 chain. And many of these projects have grown big, and they continue to use ERC-20.
Title: Re: Why do people still use ETH? Post by: lenovop-70 on July 31, 2021, 04:35:49 AM Its all depend on where i need to do transaction, i am trader, if there is still worth it i just use any network near with me. Besides, the Ethereum fee not usually high like before, and also many dex and exchanger support the BSC network, it is alternative when we object to high Ethereum transaction fees. Also, Tron network still be other alternative when they are did not support the BSC network.
For me, Ethereum still fine, we can use their network to do transaction, or just keep Ethereum as my long term investment. Title: Re: Why do people still use ETH? Post by: wajik-tempe on July 31, 2021, 04:44:14 AM You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds Most people don't consider the price fixed or low, maybe after the August hardfork we might see a remarkable price drop in transaction. People don't use ethereum because of the transaction prices although when compared to Binance blockchain, it is significantly low. They also consider the better smart contract, the DAPP compatibile and good Defi use. At the time when the transaction fee of ETH was so expensive, there are so many new network was coming just like BSC. People are moving and leaving ETH that's why peopel are not looking back again to use ETH because they are already confy with BSC or other cheaper network. ETH has a lot of strong competitor right now, they have to make some innovation to make their users and holder back otherwise people are leaving it permanently Title: Re: Why do people still use ETH? Post by: Ozero on July 31, 2021, 06:12:22 AM Ethereum exchange charge is at this point not an issue and August is close which we will see far and away superior and less expensive exchange expense on Ethereum organization. This is the reason individuals are confiding in this organization since they are sure the group won't vanish. On the off chance that I see ETH has solid essentials, I am certain designers will track down the best answer for its clients to limit exchange costs as you referenced previously. I hold my ethereum coins and am confident that after the current update this coin will grow many times over in all directions. The ethereum network continues to update and we are already seeing some positive results from this update. At the same time, there are a few days left before the London hard fork on August 4th. So I hope that the problem of expensive transactions on the ethereum network will soon be gone forever and no one will ask such silly questions about why we still use ethereum.Title: Re: Why do people still use ETH? Post by: cryptoknows on July 31, 2021, 09:16:04 AM This whole situation with the increase in gas prices seemed to have been specially ordered by big players in order to knock small hands off the table and not share the huge profits that many defi projects brought as a result. Of course, I'm not a fan of conspiracy theories, but it all looked exactly like this) If you take a couple of projects such as AXS or some kind of SWAP that came out at that moment a lot, then small players, against the background of an increase in gas prices, lost a lot of money on transactions and transferred their the remaining investments in stablecoins, in order to maintain the balance of the deposit, thereby losing the opportunity to see the rise of these cryptocurrency projects. Therefore, such blockchains are replaced like Near Protocol, with its own ecosystem, low transaction prices and fast blockchains
Title: Re: Why do people still use ETH? Post by: kak uli on July 31, 2021, 11:37:58 AM I am using Binance Smart Chain and Polygon and I am totally satisfied with them. I also refused Ethereum because of fees. Moreover, these alternative blockchains are developing rapidly. A lot of people, especially newbies, get tempted by cheap commissions and come. This way liquidity is growing. Moreover, a lot of new defi-projects appear there every day, so I see development.
Title: Re: Why do people still use ETH? Post by: Woodie on July 31, 2021, 12:03:24 PM Quote I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically))) I don't think it's the easiest because you as a dex trader could set price below its true value and buy some coins but the coins you get might not have an alternative exchange where you can sell for much more profits, which means your profits are locked in these tokens.With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission. I understand your frustration but Fees are nolonger a big issue there, it's undergone several kinds of forks to address the problem for high fees and I hope we don't see them again.On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery. Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit. I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit? Title: Re: Why do people still use ETH? Post by: larus on July 31, 2021, 12:17:29 PM Why people still use iphone if there noname china phone 3x cheaper with top hardware? Because second one is not popular, that obvious
Title: Re: Why do people still use ETH? Post by: Rakeshten on July 31, 2021, 04:44:55 PM Now the Ethereum gas fee is not high, It is increasing and decreasing so if you want to swap or transfer any token you can do it when the gas fee is less.
If you don't want to give a high fee then you should try Binance Network. There is a very low fee and many projects are now good on the Binance network. |