ETH high gas fee

[suparigach]

After the launch of ETH 2.0, the gas fee is much higher than other blockchains. It costs gas 3 to trade on uniswap. On the other hand, it takes 0.001 to transact in Tron Blockchain. I don't know what is the benefit of upgrading eth.

[1714768858]

1714768858

[kandarAB]

we have no other choice but to follow these rules, but I am sure the transaction fees will drop one day, this may happen because of the density of transactions that occur in ETH, making ETH high gas, or maybe because the price of ETH has started to increase, there is not much that possible to do.

[dhaldanga]

I use ETH wallet most of the time.
All the coins I hold are made in the Etherium blockchain.
But lately I see ETH charging high gas fee which is very sad for me.
Will the etherium gas fee be reduced?
Seeking the cooperation of seniors.

[Alohadanc3]

At this moment ethereum is the most used and most popular platform based chain. And there are lots of chain available but people and devs like to release their project on eth blockchain. The fees of ethereum was always higher than other chains like neo tron eos. But still people prefer it over any chain. And after definitely projects started to go for hype the fees of ethereum start sky rocketing. But if you have to use those defi projects or some game their is no other choice. You have to use ethereum so do I.

[kpierce77]

At this moment you can use and make transaction in Ethereum with lower gas fee. Anyway, I always used Ethereum ever since despite of higher gas fee because it was one of the trusted digital currency second to bitcoin. Very useful for me and easy to use.

Yo, I'm not denying that Ethereum is currently the best, but the issue is why the gas fees doesn't make sense with the transaction. suppose there are people with lower token transactions, it will be more expensive to pay for gas than to sell their tokens. but I'm sure ethereum is currently trying to get rid of this problem, it's just too crazy just for a gas fee

[kasakola]

I think the main thing about the ETH gas fee is that the price of Bitcoin has gone up and so the ETH price has gone up a lot so maybe the fee is too high. But now that problem may not exist anymore because I think a solution will come to us when ETH 2.0 is fully launched. So there is nothing to worry about. ETH 2.0 will only solve this problem

[BDBitcoinExpart]

Even after the launch of Eth 2.0, the gas fee has not decreased comparatively. eth 2.0 is an upgraded version. On the other hand, the transaction fee of Tron and Binance dex blockchain is much lower. Eth gas fees may decrease in the future. We have to wait. Otherwise it would be better to use another blockchain.

[BRABO2]

Yes, now we have to see eth gass fee is high but It's normal if Ethereum gas fee increase because Ethereum is pumping presently, even Tron gas fee is no more the same amount, it's gas fee has increased since Tron cross over 0.02$, if you want a cheaper gas fee you need to wait for few more days or wait till Eth2.0 get launched in December.So there is nothing to worry about. ETH 2.0 will only solve this problem.So handle it normally.

[JeromeTash]

yes, after the launch of ETH 2.0 in no way affect the current ETH gas costs, it is still the same as before or currently the lowest ETH cost is around 14 gwei $ 0.17 for me personally this is still a high cost. when compared to ETH with TRX, TRX is certainly very cheap. but we will see the next day whether the price of ETH gas will go down or not, while the BTC market is still bullish and the price of ETH also goes up.

The launch is being carried out in phases so don't expect an immediate impact. As for the part of high fees. it's something subjective. Obviously if you are transferring only $10 or $5 worth of ETH then even a fee of $0.17 will seem very high  for you

But for someone transferring ETH worth $1000 or $1M, even a fee of $5 will be very cheap compared to what other services like PayPal or Western Union charge to transfer money

[taufik0911]

this is the effect of the popularity of ethereum smart contracts which are very popular with many dApp project makers and there are still many uses of smart contracts.
because the number of transactions on blockchains makes transaction gas expensive
This is the problem with each blockchains namely transaction fees and transaction opportunities

[asriloni]

Even after the launch of Eth 2.0, the gas fee has not decreased comparatively. eth 2.0 is an upgraded version. On the other hand, the transaction fee of Tron and Binance dex blockchain is much lower. Eth gas fees may decrease in the future. We have to wait. Otherwise it would be better to use another blockchain.

You will see the difference when the sharding solution already implemented and The gas fees will remain the same as sharding is not yet come.
You must understand if that needs a very long process to be able implement the sharding solution.
Another chain has been implementing their own scalability solution as a way to fix the problems that encountered by the old chain like ethereum. That's why the tron or binance chain have lower fees compared with ether.

[maldini]

We have anticipated that this should be done through Ethereum 2.0 and no doubt that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting Ethereum market. Ethereum blockchain and everybody is now worn out on holding up when Ethereum engineers will tackle this issue and in the event that this issue won't be comprehended soon, at that point I think considerably more individuals will utilize other blockchains for different exchanges.

[Josefjix]

The ETH 2.0 release will help normalise everything.  It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.

[Teraboy]

The ETH 2.0 release will help normalise everything.  It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.

So, the problem is when the scalability update will be released? There's not exact date about when the sharding solution will be rolling out. Ethereum code developers are also need to testing all of the update gradually. Im still watching the progress of ethereum 2.0

Ethereum 2.0 is not an aswer for all of problem in ethereum. There will always be a new problem to appear after the new update. That's why ethereum developers are engaging with the community to develop the various solutions.

[cryptworld]

Definitely, this will last for a few more months with occasional ups and downs. DEFI is still a hot topic and it is one of the major reasons for high gas fees.

[Josefjix]

The ETH 2.0 release will help normalise everything.  It has just been launched it will still take a couple of time before the Ethereum engineers will be able to fix things up and make the chain less congested and gas fees would be minimal again.

So, the problem is when the scalability update will be released? There's not exact date about when the sharding solution will be rolling out. Ethereum code developers are also need to testing all of the update gradually. Im still watching the progress of ethereum 2.0

Ethereum 2.0 is not an aswer for all of problem in ethereum. There will always be a new problem to appear after the new update. That's why ethereum developers are engaging with the community to develop the various solutions.

As we continue bringing and discussing the most affected and pressing bugs they will definitely be seeing them time to time to bring an everlasting solutions to it.  Sharding will definitely happen it might like not happen in the most expected time but it will happen to help cleanse the Ethereum network.

[91254vvpatel]

I don't even know when it will come down. Because of this problem I have left many small transitions of my own. All waiting for ETHERIUM - 2. And hopefully that's why this GAS FEE will come down. But this causes a lot of trouble. People who are new to crypto are not even working because of this.

[montaga]

I don't even know when it will come down. Because of this problem I have left many small transitions of my own. All waiting for ETHERIUM - 2. And hopefully that's why this GAS FEE will come down. But this causes a lot of trouble. People who are new to crypto are not even working because of this.

Where have you been Eth2 is live since Dec 1,  block 0  https://beaconcha.in/block/0  (Beacon-chain 01/12/2020
Original Proof of Work Eth block 0  https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)

[bittick]

I think the main thing about the ETH gas fee is that the price of Bitcoin has gone up and so the ETH price has gone up a lot so maybe the fee is too high. But now that problem may not exist anymore because I think a solution will come to us when ETH 2.0 is fully launched. So there is nothing to worry about. ETH 2.0 will only solve this problem

That's not true because what increases is the GAS not the Gas value in BTC. If it's the gas value to BTC that increase then people won't shouting about how high the gas fee is.
Moreover it's affected by the rise of BTC as well which makes the gas doubled the initial fee before defi craze comes out.

Though as of now it's already getting better and better. The ETH 2.0 sharding may really takes an effect this time to the fee required for transaction.

[Ghondronk]

It will show a sinusoidal pattern. It will go up, come down and again go further up. It depends on the the load on the nodes resulted by the fluctuations of demand. Also when a coin matures and gets more stable, the fee might be increased compared to others. Let's hope everything will be back to normal in the near future.