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Author Topic: Will the ETH 2.0 Solve the issue of high fees  (Read 167 times)
rig4hodlers
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January 20, 2021, 12:56:03 PM
 #21

i think one of the major reason why ethereum remain at the current market price is the current gas fees that has drive new and low fund investors nuts. we are meant to believed that the launch of ethereum 2.0 will solve the issue of gas fees and allow faster transaction. this will be confirmed when the upgrade takes place. currently many projects are gradually migrating to other platform. although this might not affect eth but it is gradually hurting new investors and also ethereum ,marketcap.

Hello guys,
Since I am an Ethereum supporter and I am updated about what the Eth2.0 will bring us, I don't know if you have read about the EIP-1559 solution.It is the final component to Ethereum’s economic system. It solves the UX surrounding gas management.
The two main things included into the EIP 1559 stuff are:

- Establishes “the market rate” for block inclusion.
- Burns the majority of the ETH in the transaction fee.

If we burn the bulk of the ETH in transaction fee, we will provide a deflationary mechanism to Ether’s supply and that's a real benefit for all Ether holders equally, rather than exclusively benefiting validators.
There are many information about this stuff on google in case you need some extra details, just write EIP-1559 on google Wink

KOL Manager and CriptoGemas CEO, just contact me on telegram: @angelfcc - @CriptoGemas_R4H
rainingbitcoins
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January 20, 2021, 01:06:57 PM
 #22

Currently, there are a lot of transactions from both the wallet and the market that make shipments queued and the price of etherium itself rises, so the gas fee increases. the amount of fee is because it speeds up the delivery of altcoin or etherium to wallets and exchanges. maybe after etherium comes down the cost of fees will also decrease.

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sangkler11
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January 20, 2021, 01:20:44 PM
 #23

Ethereum 2.0 is an upgrade to the Ethereum blockchain. This upgrade aims to increase the speed, efficiency and scalability of the Ethereum network so that it can process more transactions and reduce congestion.
if ethereum 2.0 can't solve this problem (high gas fees) maybe a lot of developers will move to other platforms.
fara darani
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January 20, 2021, 01:34:12 PM
 #24

the increase in gas costs is usually affected by activity on wallets and exchanges, which leads to many token deliveries on a fairly congested queue. when altcoins start to red, the fee will also decrease.
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January 20, 2021, 02:56:42 PM
 #25

the increase in gas costs is usually affected by activity on wallets and exchanges, which leads to many token deliveries on a fairly congested queue. when altcoins start to red, the fee will also decrease.
Dex is the sector that was getting a huge impact from the increase for the gas fees that happened when ethereum blockchain gets congested.
People are not willing to pay the non-sense fees again and so many of them have been moving from using decentralized exchange site or swap to another alternative or even move to the centralized exchange site again to avoid the non-sense fees.

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budi691
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January 20, 2021, 02:58:54 PM
 #26

With the presence of ethereum 2.0 everyone hopes to solve the problem of gas costs, but the reality has not happened, and it is true that currently many projects have switched to other platforms because the costs are cheaper, but whatever happens, the price of ethereum continues to increase because many people already believe in ethereum , and gas costs will return to normal

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January 20, 2021, 03:01:30 PM
 #27

It is not just what we are meant to believe,,, it is almost precisely the whole reason why ETH 2.0 is happening. It is a direct move to find a solution for that high fee problem that cannot be overcome even with Layer 2 solutions. At least with BTC you could still send a tx even in high congestion but with ETH when it is broken you cannot even send txs.

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