Is Ethereum going to Die?

[Sayeds56]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

[1714150231]

1714150231

[1714150231]

1714150231

[1714150231]

1714150231

[1714150231]

1714150231

[1714150231]

1714150231

[1714150231]

1714150231

[hd49728]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts

Ethereum is a location for new projects with their promises on transparency and security with smart contracts. I don't say all projects and all smart contracts are good.

but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka ,Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

The fee on Ethereum network is lower than months ago. You can use Gas now to check fee: https://www.gasnow.org/

What you are saying comes from the Ethereum network, average fee and the types of smart contracts on the pools you are using to swap tokens. Complex smart contract requires higher fee to broadcast it.

[laredo7mm]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethreum network shows how limited it is. I do not think Binance or EOS will take over the Ethreum network but Polkadot has everything to overcome the ethereum network. ETH 2.0 makes ethereum network more scalable but Polkadot is much better because of its cross-chain features when ethereum is a single chain network.

[Sayeds56]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethreum network shows how limited it is. I do not think Binance or EOS will take over the Ethreum network but Polkadot has everything to overcome the ethereum network. ETH 2.0 makes ethereum network more scalable but Polkadot is much better because of its cross-chain features when ethereum is a single chain network.

Well said. I am also supporter pf Polkadot and agree with your thoughts about it. The kind of features it is offering and current market price makes it worth investing for huge gains in the long term.

[jrrsparkles]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum fees is getting increased because of the bullish trend and its only a temporary issue in my opinion,and this is high with Bitcoin so you believe that bitcoin is going to die?

And we knows that ETH2.0 is getting into mainnet in near future so it may resolve the transaction fee at circumstances like these.

[Skadi360]

It would not likely to happen, looking how bitcoin is bulling right now ethereum also joins the hype and bulling. It has survive through all these years and keep thriving so it wont die just like a bubble. it has well establish foundation and earn the title king of all altcoins.

[maydna]

I don't think ethereum will die, but that can be right if the supporter of ethereum leaves the project and moves to the other projects. But I see that ethereum still has a chance to rise because I think ethereum still be the king at the altcoin section. But who knows, there will be another project that can beat ethereum in the future as we don't know where the cryptocurrency will going to be. I think the transaction fee can get lower soon, but this time, perhaps, we need to enjoy the current fee that we already used. If you check the ethereum price at the market, you will see that the ethereum price needs more time to increase, so you need to be patient.

[GreatArkansas]

I don't think Ethereum will become unpopular soon. As you said, you got a problem with transaction fees on Ethereum since the network of Ethereum is congested, so literally, the meaning cause of that problem is a lot of people using Ethereum, creating transactions, so for me, it's a sign that Ethereum is popular, a lot of users. But I don't think it will affect the price of Ethereum.
On the other side, Binance, EOS, Polkadot. They may have some similarities with Ethereum, but I can say Ethereum will stay and those other altcoins you mentined will stay too and they can be an alternative of Ethereum or other altcoins, I am also looking forward on Polkadot.

[asriloni]

When you are driving your car but you have found that there's a problem in your car and will you still drive your car? It doesn't make sense to do that. You may need to repair your car to drive it again.
Congestion is not a big problem as it will be solved soon and once that will be happening and there's no need to say another competitor has a lot of potential to take the ethereum's place.
Remember about EOS and TRON which have declared to be ethereum killers and then they are failed.

[bitterguy28]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Sounds like you are not a true supporter of Ethereum Because you are pointing about the congestion fees only but what about the good things that ethereum can bring you?
ofcourse you are only supporting ethereum expecting the value will Moon again but not because you believe in their platform.
Even Bitcoin experienced Congestion and even higher in Fee but did bitcoin die?lol instead it becomes more stronger and popular.

[Maestro75]

The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum will never die no matter the situation of its current gas fees. Bitcoin also has the same issue but have not died yet. Ethereum contract has produced many tokens. It was the first open source allowing other projects on its chain. So, whatever anyone says about it dying is a big error. There is going to be an eth 2.0 version expected in January that will take care of the high gas fee. With that all this problems will be solved.

[Reid]

You know the reasons behind the high tx fees.
So why?

Bitcoin has a high tx fee too and it's all because you are trying to convert everything. But, it's still popular, right?
It's not that I am trying to compare them with their features but as coins with high value.
Are you sure it's not because you are used to the low tx fee after conversion to USD?

[coin-investor]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

I don't see it happening, even if Ethereum is not performing above expectation it is still going to be the most used token and smart contract in the community and the fee is not always that high, there were times that confirmation and fees are the issue but it resolves itself, remember the days of the KITTY hype, where there were traffic congestion but it did not last, right now the fee is not that high.

[bittick]

You should just wait for ETH 2.0 staking they said it's gonna fix the scalability issue and most likely solving the ridiculous fee and network congestion but the staking itself still a long way to go.
But, even if the network congestion problem not solved. Ethereum is not gonna die, by logic if more and more people switching from etheruem to another platform the network congestion will gone then the endless cycle starts until the devs fix the core problem.
I mean the fact that ethereum network congestion still going on until now means it's still "quite" popular isn't it? never once the question whether etheruem gonna die exist in my mind ever at this point.

[Farma]

we don't know what lies ahead. however, the fact is that ethereum is still the best altcoin to date. to be honest I am also a long-term supporter of ethereum, and believe in its development. large fees also occur because of so many transactions, and this is also the case with bitcoin. however, I still believe that ethereum will maintain its current position.

[Cherylstar86]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

We have to trust ethereum in time like this, if you have to observe the current trend right now the difficulties was there already. Struggles for every coin has come to a point where every holders tend to give, but I recommend everyone to stay strong. That doesn't end there, altcoins hasn't yet come alive and it was just sleeping while bitcoin rises to the top and didn't mean eth is going to die. This situation made us realize how life must go on and learning how to survive.

[Gunday_07]

The future is full of surprises I belief, but nothing can change that fact that ethereum is the best altcoin today, Polkadot will find its way as it's the best competitor of ethereum right now but it can do better without overtaking ethereum, the high transaction issue will be fixed after December 2020 and many loyal ethereum users don't care much

[efxtrader]

With a large market cap value and also being very actively traded on various exchangers, I think ethereum will still remain in the cryptocurrency market for a long time. Maybe this time a lot of new coins are emerging but I think ethereum will still be the king of altcoins for a long time

[target]

Not really going to die or become unpopular. ETH is being developed and being updated recently and what OP said ETH is being repaired while driving. Once it will be fixed, I think it will still be good. The more projects using the network, the more transactions going to clog like the old problem that is making it undesirable.  

Its not going to be replaced but some developers might choose a faster network like TRON or EOS but more projects on ETH means more demand for ETH which is why it's still a good investment.

[Vaskiy]

The rise in the transaction fee is much discussed as a big issue with the growth of ethereum. Same as this Bitcoin has been said to be dead for several reasons. Particularly the network congestion and the confirmation delay is always stated as a prime reason. Ethereum going towards death is not gonna happen. The update of ethereum 2.0 will make a big change in the entire network and market of ethereum.