Bitcoin Forum
October 31, 2020, 11:08:45 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 7 »  All
  Print  
Author Topic: Ethereum Fees  (Read 724 times)
Priya Chowdhury
Jr. Member
*
Offline Offline

Activity: 238
Merit: 2

Need bounty Maneger Contact https/t.me/Yamini47


View Profile
September 05, 2020, 04:48:26 AM
 #81

I hope this problem solve quickly.This is big problem for crypto currency user all people.First time Ethereum fees very highly.This is difficult for our.Some $ transfer didn't possible.This platform user most people.This problem didn't solve people didn't use this platform.So I there for Ethereum devoloper this problem solve quickly.
1604185725
Hero Member
*
Offline Offline

Posts: 1604185725

View Profile Personal Message (Offline)

Ignore
1604185725
Reply with quote  #2

1604185725
Report to moderator
1604185725
Hero Member
*
Offline Offline

Posts: 1604185725

View Profile Personal Message (Offline)

Ignore
1604185725
Reply with quote  #2

1604185725
Report to moderator
1604185725
Hero Member
*
Offline Offline

Posts: 1604185725

View Profile Personal Message (Offline)

Ignore
1604185725
Reply with quote  #2

1604185725
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1604185725
Hero Member
*
Offline Offline

Posts: 1604185725

View Profile Personal Message (Offline)

Ignore
1604185725
Reply with quote  #2

1604185725
Report to moderator
1604185725
Hero Member
*
Offline Offline

Posts: 1604185725

View Profile Personal Message (Offline)

Ignore
1604185725
Reply with quote  #2

1604185725
Report to moderator
el kaka22
Legendary
*
Offline Offline

Activity: 2226
Merit: 1093


www.Crypto.Games: Multiple coins, multiple games


View Profile
September 05, 2020, 08:33:05 AM
 #82

You do realize that you do not have to pay the full price right? Ethereum is not like bitcoin, if you pay a little, like amount you used to pay for example, you could still get it done. Sure it will take some time for it to reach wherever you sent it but if you do not have anything you need to rush for, you should be fine.

I personally still use exactly the same as I used for the past 6 months and I am still doing fine, you can pay like 20-30 cents and it would still pass. It just takes a bit longer and that is why it is not suggested, but it doesn't mean it doesn't come. Instead of having it like in 5 minutes, you have it for like 4-8 hours depending on what you pay, which is a lot of time on a regular shopping or whatever but if you are doing some exchange stuff or whatever, you can wait no problem.

▄▄█████████▄▄
▄█████████████████▄
▄████▀▀▀▀█████▀▀▀▀████▄
████▀██████▀█▀██████▀████
██████████████████████████
▐█████▄███████████████▄█████▌
▐███████▄▄█████████▄▄███████▌
▐██████▀█████████████▀██████▌
▐███████████████████████████▌
▀██████████████████████▀
▀████▄████▄▀▀▄████▄████▀
▀███████▀███▀███████▀
▀▀█████████████▀▀
  ▀▀▀▀▀▀▀▀▀
|
★.★.★   8 GAMES   ★   WAGERING CONTEST   ★   JACKPOTS   ★   FAUCET   ★.★.★
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▄█▀█▀█▄

 ▀███▀
  ▄▄▄
▄██▀▄█▄
██▀▄███
 ▀▄▄▄▀
  ▄▄▄
▄█ ▄▀█▄
██ █ ██
 ▀▄▄█▀
  ▄▄▄
▄▀▄▄▄▀▄
█▀▀▀▀▄█
 ▀███▀
  ▄▄▄
▄▀   ▀▄
█  █▄ █
 ▀▄██▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▀ █ ▀
▀▀▄▀▀
 ▀▄█▄
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
|
xOdiumNostrumx
Full Member
***
Offline Offline

Activity: 1008
Merit: 100


Radix-The Decentralized Finance Protocol


View Profile
September 05, 2020, 08:37:06 AM
 #83

The fees are definitely insane right now, especially when sending ERC-20 tokens, but if you are not in a hurry, you can try to avoid the saturation peaks of the network. Make your transaction at non-prime times, early in the morning or late in the evening for example, that way you can save a buck or two pretty quickly.

   R A D I X   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   The Decentralized Finance Protocol
█████████ GET TOKENS █████████    Facebook      Telegram      Twitter
The Radix DeFi Protocol is    SCALABLE SECURE COMMUNITY DRIVEN
Malam90
Full Member
***
Offline Offline

Activity: 1022
Merit: 110



View Profile
September 05, 2020, 08:50:31 AM
 #84

Ethereum fees is now more than $8 that i have paid in the last few days. This is fraustrating for a single transaction. If this fees continue, Ethereum will lose its popularity and TRON, XLM will gain its place in the future.

thats fine if eth loose some users because in that way eth value will decline and its fees are also gonna get lowered while its also a plus point for the coins that you said but i dont know if its also possible for trx and xlm to have an expensive fees when their values are already high .

 maybe not ? because trx and xlm are known to have a less fees ever since they are created .

Already ETH lost its value nearly 30% which is the result of extra fees in transaction. Most investors are trying to avoid Ethereum network transaction or ERC20 token transaction. Hence they are using TRX, XLM transaction for low fees and quick result. In future, TRX and XLM fees may high but people can love to think at present.

totoy4741
Member
**
Offline Offline

Activity: 826
Merit: 13


View Profile WWW
September 05, 2020, 09:02:45 AM
 #85

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!

Everything will get back to normal when all the hype with this Defi thing has subsided, but when that time comes I am afraid that we are in a bearish market so everything that you have longed to discharge during the bullish will just go to waste because of Ethereum high. It already happened before, it is repeating the process.

palle11
Full Member
***
Offline Offline

Activity: 1134
Merit: 171



View Profile
September 05, 2020, 10:36:54 AM
 #86


Make your transaction at non-prime times, early in the morning or late in the evening for example, that way you can save a buck or two pretty quickly.

This is a part of the solution to remedy the high fees. I take this measure when I have no haste to do transfer but at times you need to do a quick one. Maybe sometimes you need a sharp buy when there is a fast drop of a value coin. You have no choice but to take the charge that way.

Killrbit
Member
**
Offline Offline

Activity: 224
Merit: 31


View Profile
September 05, 2020, 11:57:02 AM
 #87

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!


Yeah its the Defi hype and Uniswap that's clogging the chain right now, but maybe with the recent crash things should calm down a bit. All this just reminds  me of crypto kitties and from 2017.

It also unfortunately shows that for all the talk Ether still suffers from the same scalability problems as Bitcoin does.

Though apart from the short term i wouldn't really worry about it to much, fees will eventually stabilize again and i am looking forward to seeing fees back at a few cents in the near future.

Cant really believe the words coming out of my mouth but in the mean time maybe use EOS. ( still unsure if that's wise though lol)


░░▒▒▓▓▓▓▓************** DFINANCE is New Age of DEFI **************▓▓▓▓▓▒▒░░
░░▒▒▓▓▓▓* Bitcointalk ▐  TwitterReddit ▐  Telegram ▐  Github ▐  Discord *▓▓▓▓▒▒░░
░░▒▒▓▓▓** A Non-Code Platform for Decentralized Trading Instruments **▓▓▓▒▒░░
ryap12
Member
**
Offline Offline

Activity: 672
Merit: 14

Dextrust.org #Defi


View Profile WWW
September 05, 2020, 12:42:07 PM
 #88

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!


Yeah its the Defi hype and Uniswap that's clogging the chain right now, but maybe with the recent crash things should calm down a bit. All this just reminds  me of crypto kitties and from 2017.

It also unfortunately shows that for all the talk Ether still suffers from the same scalability problems as Bitcoin does.

Though apart from the short term i wouldn't really worry about it to much, fees will eventually stabilize again and i am looking forward to seeing fees back at a few cents in the near future.

Cant really believe the words coming out of my mouth but in the mean time maybe use EOS. ( still unsure if that's wise though lol)




You can always check the top addresses on the Ethereum network at https://ethgasstation.info/

Uniswap is leading with the most  transactions made. I hate it and I miss making a transaction with only 1 Gwei.

Here is a screenshot of the recent rankings:


carriebee
Sr. Member
****
Offline Offline

Activity: 1106
Merit: 251


View Profile
September 05, 2020, 01:08:33 PM
 #89

The fees are definitely insane right now, especially when sending ERC-20 tokens, but if you are not in a hurry, you can try to avoid the saturation peaks of the network. Make your transaction at non-prime times, early in the morning or late in the evening for example, that way you can save a buck or two pretty quickly.
This is really the problem the high fees of eth these days. Actually, we can do have an option of waiting to normalize the network becomes low fee. And with these defi types the network is congested. These happen before ethereum fees is expensive so users may choose to pay or pass the days until such time network becomes normal.
plr
Member
**
Offline Offline

Activity: 770
Merit: 16


View Profile
September 05, 2020, 02:22:35 PM
 #90


Currently the ETH network is very high and for sure, if you don't fix this, investors will no longer be interested in this coin. I was charged up to $ 30 and this is actually a very high fee compared to what is happening. Hopefully Ethereum 2.0 will put an end to this situation as 90% of projects are using the platform of ETH for development.

This cannot run for many more months everywhere people are complaining of a very high fees and late confirmation DeFi is still on all time high if this go on for many more months a new coin will emerge as a temporary replacement for Ethereum, but of course people are not going to leave Ethereum they just want to save fees and transact fast.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PLINKO    |7| SLOTS     (+) ROULETTE    ▼ BIT SPINBITVESTPLAY or INVEST ║ ✔ Rainbot  ✔ Happy Hours  ✔ Faucet
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Neoterix
Member
**
Offline Offline

Activity: 143
Merit: 10


View Profile
September 05, 2020, 03:09:28 PM
 #91

This cannot run for many more months everywhere people are complaining of a very high fees and late confirmation DeFi is still on all time high if this go on for many more months a new coin will emerge as a temporary replacement for Ethereum, but of course people are not going to leave Ethereum they just want to save fees and transact fast.

True, Defi won't stop any time soon and Ethereum just can't handle it, like always. The tx are stuck because the scalability problem of Ethereum and the fees are going to be higher and higher. I wouldn't be surprised to see $10 fees in the future.
Shasha80
Sr. Member
****
Online Online

Activity: 1162
Merit: 268


★777Coin.com★ Fun BTC Casino!


View Profile
September 05, 2020, 03:26:46 PM
 #92

I agree with the opinion that the increase in Ethereum fees was caused by DeFi projects, because this year many DeFi projects are hype
making Ethereum transactions crowded. This caused some Ethereum transactions to be unusually delayed. Therefore, the solution is to
increase the Ethereum transaction speed to a minimum of 480 Gwei. It is very expensive, but that's it solution so that the transaction
process can run but we have not to wait a long time to be confirmed.

ttcsalam
Copper Member
Jr. Member
*
Offline Offline

Activity: 588
Merit: 2


View Profile
September 05, 2020, 03:34:39 PM
 #93

The etherium fee is actually not acceptable in any way.Because of this their market value is getting lower day by day.Their fees should be reduced now.In the meantime, TRX and XLM are much faster in their service and their fee is less.If Ethereum is to survive in the market.The charge must be reduced.

escalante28
Member
**
Offline Offline

Activity: 728
Merit: 38


View Profile
September 05, 2020, 03:45:56 PM
 #94

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!



Major reason is Defi project specially those in Uniswap and pyramiding scheme investment. They're causing this heavy traffic in ethereum blockchain that lead the unusual rate of fees. Everything will back into normal once they tired investing in defi and after the release of Eth 2.0.

Febo
Legendary
*
Offline Offline

Activity: 2310
Merit: 1232



View Profile
September 05, 2020, 04:21:41 PM
 #95

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?

Now that value of ETH is declining so is value of transaction fees declining.  It could go back under $1 soon. But big question is, if $1 transaction fees are not to high. You cant make micro payments with that. You can barely afford normal payments at that level.

Holy crap.
I just saw that now. Thanks for the update.
$100 down already. Yes, this might make the fees cheaper again since we like converting it always to USD before making any transactions.  Grin

What could be the reason behind this recent dump?   Cry

The reason is that Tesla announced stock split and its share went vertical on the announcement and then at the moment of split price dumped. Because of that whole stock market dumped and Bitcoin and all altcoins followed. All is now connected. Tesla stockmarket, Bitcoin, crypto. Pomp and dump.  Buy on rumour sell the news.

.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
LazerPanther
Member
**
Offline Offline

Activity: 312
Merit: 10

Oikos.cash


View Profile
September 05, 2020, 04:24:37 PM
 #96

Ethereum fees is now more than $8 that i have paid in the last few days. This is fraustrating for a single transaction. If this fees continue, Ethereum will lose its popularity and TRON, XLM will gain its place in the future.

thats fine if eth loose some users because in that way eth value will decline and its fees are also gonna get lowered while its also a plus point for the coins that you said but i dont know if its also possible for trx and xlm to have an expensive fees when their values are already high .

 maybe not ? because trx and xlm are known to have a less fees ever since they are created .

Already ETH lost its value nearly 30% which is the result of extra fees in transaction. Most investors are trying to avoid Ethereum network transaction or ERC20 token transaction. Hence they are using TRX, XLM transaction for low fees and quick result. In future, TRX and XLM fees may high but people can love to think at present.
The price of ETH collapsed has nothing to do with gas fees. This entire market is bleeding, even bitcoin has gone down below $ 10k today. Given what is showing, I think the market will continue to go down and the price of ETH is likely to fall below $ 300 again.

Oikos.cash      Decentralized Finance on Tron   ▬▬▬▬▬▬▬▬▬   Collateral-backed stable-coins
     github  ◥ telegram   ◥ twitter   ◥ discord             synthetic asset trading 
                             ❱❱❱   JOIN OIKOS   ❰❰❰                     trustless token exchange 
FontSeli
Hero Member
*****
Offline Offline

Activity: 882
Merit: 731



View Profile
September 05, 2020, 04:25:38 PM
 #97

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!


As strange as it sounds, the amount of transaction fees is chosen by those who send transactions on the network, i.e. you and I and many other ordinary people. Each of us strives to make sure that his transaction is completed as soon as possible. When miners form blocks, they choose the transactions with the largest Commission amount (the cost of gas) and form blocks from them.
A simple explanation is better than a thousand words, the ETH network works based on hierarchy. Who pays more will get funds faster and the rest will wait until the next mined block clearance happens. The cost of gas has increased a lot and $0.1 worth transactions in 2019 now cost more than $3. ETH2.0 should solve this infinite loop unless the market becomes volatile again.

All the people are waiting for Ethereum 2.0. Are you sure that it will bring reduction in the cost of transaction fees, and faster speed? Personally, I do not hope for this very much, but I try to adjust my trading based on the existing situation.

█████
██
██
██
██
██
██
██
██
██
██
██
█████
████████████████████████████
████████████████████████████
█████████▀▀      ▀▀█████████
████████            ████████
████████            ████████
██████▀              ▀██████
██████▄        ▄███▄ ▄██████
█████▀████▀▀▀█████████▀█████
████ ███▀     ▀ ▀▀▀ ███ ████
████▄        ▄▄        ▄████
███████▄▄▄▄██████▄▄▄▄███████
████████████████████████████
████████████████████████████
.Chips.gg.█████
██
██
██
██
██
██
██
██
██
██
██
█████


██
██
██
██
██
██
██
██
██


██
██
██
██
██
██
██
██
██


██
██
██
██
██
██
██
██
██
█████
██
██
██
██
██
██
██
██
██
██
██
█████
MonsterV
Legendary
*
Offline Offline

Activity: 1764
Merit: 1007


Proof-of-Stake Blockchain Network


View Profile WWW
September 05, 2020, 04:37:47 PM
 #98

now Ethereum's GAS has dropped to 138 Gwei, this is good because it's not as expensive as yesterday, I'm sure it will drop again below 100 Gwei,
Everyone expected that, unfortunately when altcoin down Ethereum Gas also down too

its will not drop below 100 if DeFi concepts & uniswap exchange is not stop, the main cause of eth fee are high because of two of that, im very sure if these 2 are stop running on ethereum chain and uniswap will support other token, the eth gas price will drasticly drop below 10.

             ▓▓▓▄             ▓▓▓▓
           ▓▓▀  ▀█▄        ▓▓▓   ▓▓
          ▓▓  ▓▄   ▀╗ ▓▓▓▓▓  ▓▓▓ ▓▓
         ▓▓ ▄▓▓▓▓▄              ▓▓ ▓▓
        ▐▓▌ ▓   ▓▓▓▓▓▓▓▓▓▓▓▓▄    ▓ ▓
        ▓▓  ▀  ▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╬╦   ▓▓▓
      ▄▓▓▀  ▄▓▓▓▓▓█▀▀ ▀▀▀▓▓▓▓▓▓▓▓▓▓╦  ▓▓▓
    ▄▓▓▀    ▓▓▓▓▓▓▓▓▓▄ ▄▄  ▀▓▓▀▓▓▓▓▓▓▄  ▓▓
   ▄▓▓▓▓  ▄▓▓▓▓▓▓▀▀     ▓▓▓     ▀ ▀ ▄   ▓▓
    ▓▓▀  ▓▓▓▓▓▓▀             ▄     ▀▀  ▓▀
   ▓▓▀  ▓▓▓▓▓▓    ▄▓▓▀ ▄▄▀█▓▓▓▓▓▓▄  ▄  ▓▓▓
  ▓▓▌  ▓▓▓▓▓▓▌   ▓▓▓▌ ▀▀▓▓▓ ▀▓▓▓▓▓▓██▓▓▓  ▓▓
 ▐▓▌        ▀▀▓▌ ╟▀▓▓▌▐▓▓▓▓▓▄ ▓▓▓▓▓   ╔    ▓▓
 ███▓▓▓▓▄▄        ▐▓▓ ▓▄▀▀▀▀▀▀ ▀▓▓▓▓▓▄      ▓▓
           ▀▀▀█▄     ▀▓▓▓▓▓▓▓▓▓▓▄       ▓ ▓▓
                 ▀█▄  ▀▀▀▀▀▀▀▀█  ▀    
                     ▄▄
  BETFURY ..🎲 YOU PLAY - WE PAY 🎲..|    ▄▓▓▓▄▄▄▄▄▄▄▄▄▄▓▓▓▓▄▄▄▄▄▄▄▄▓▓▓▓
   ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
     ▀▀▀          ▓▓▓         ▀▀▀▀
             ▄▓▓▓▓▓▓▓▓▓▓▓▄
             ▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
 ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▓▓▓▓▓▓▓▓▓▓▓▀▀▀▀▀▀▓▓▓▓▓▓▓▓▓▓▓▓
               ▀▓▓▓▓▓▓▓▀        ▓▓▓▓▓▓▓▓▓▓▓
                               ▀▓▓▓▓▓▓▓▓▓▓▓█
 
                                     ▓ ▓
                                     ▓▓▓▓▓
                                     ▓▓  ▓▓
                                     ▓▓▓▓▓
                                     ▓▓  ▓▓
                                     ▓▓▓▓▓
                                     ▓ ▓
|
Twitter
Telegram
Bitcointalk
Shohag123
Member
**
Offline Offline

Activity: 387
Merit: 12


View Profile
September 05, 2020, 04:42:52 PM
 #99

Ethereums co-founder vitalik also concerns about the increasing transaction fee of the ethereum.I think they are working on it.But not sure ethereums fees can reduce after the update of Ethereum 2.0.

https://cointelegraph.com/news/vitalik-buterin-warns-high-fees-threaten-ethereums-security/amp

The way DeFi coins are trending on the market if it continues for a year then I think its almost impossible to reduce the transaction fees of ethereum.People wants their transaction to be fast and because of the great interest of DeFi coin total amount of transaction has increased significantly in Eth blockchain.Thats why people are paying more fees to transfer their coin thats why ethereums fees are increasing.So I hope after the update it will be fixed.Because if the fee of 5-6$ we are all suffering.
Chukwunonso
Jr. Member
*
Offline Offline

Activity: 154
Merit: 1


View Profile
September 05, 2020, 04:56:37 PM
 #100

Transaction fees for ethereum is getting way too high and I've decided to suspend every transaction on ethereum until the value drops. It's been said that the reason for the hike is due to Defi tokens who are always flooding the blockchain with transaction and I learnt that the ethereum 2.0 project would ensure scalability, but the issue is that the launching of ethereum 2.0 project is taking too long. I learnt that it would commence in summer, and summer is almost over and we're yet to see anything.
Pages: « 1 2 3 4 [5] 6 7 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!