Ethereum gas problem to be resolved in July

[ice18]

Really? How if the fee is higher and higher again moreover when the price of Ethereum is increasing again?
Haha, I don't know how to trust them but so far, the high fee really hurt, and feel so hard to transfer the ERC20 tokens. Moreover, it is not only about the price of ETH. but most ERC20 tokens prices are low, but the fee is damn high

Hopefully this upgrade will be effective to finally reduced fees I have huge trust on eth core devs so Im sure it can fix this project there is no 100% assurance that it will work as intended we can only see the result once implemented, I heard many group of miners are opposing this upgrade lol greed as always.    

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[btc78]

The main concern is , will be really that 2.0 version can drop fall the Transaction fee or i mean gas fee of etehreum transaction that is so huge nowadays?

the fee is much higher than what Bitcoin is and this drives people get away from using ETH while others can offer very low like Litecoin and Doge and tron .

[TastyChillySauce00]

I can't believe it. I certainly hope that the problem will really be solved.
We've been waiting for a very long time, and it's strange that they can't solve this problem for so long.

Solving the gas problem isn't as easy as you think it is and if I recall correctly there's this rumour about the miners disagreeing to the devs decision of making the whole eth blockchain into POS and to increase the tps through layer 1 and layer 2 (sharding and side chain if im not mistaken).
its basically a lengthy process but hopefully once all of those successfully solved we won't see the blockchain having too much gas price.

[robattfield]

The main question is - how many Ethereum supporters will survive until July?  A massive transition to other blockchains has already begun, including the Binance Smart Chain.

Once the fee resolved people who have migrated to BSC could easily switch back to ERC20 picking up where they left, it's not like once you move over to other blockchain you gonna stick with them for years you can easily choose which blockchain you gonna use and not to mention the transition of many peolpe to BSC believe it or not helps us to solve eth gas problem because there's less transactions happening in ETH blockchain right now compared to before.

To agree, users will always prioritize what benefits them. If Ethereum can do this well and solve the current problems, I think users will always know which is the best. I did find out about the proposal that Ethereum was working on during the win, indeed if this is applicable then I think the current problem of transaction fees will be solved.

[raji1995naya]

The Ethereum blockchain is really for the elite. Because of the high petrol prices, ordinary citizens like us are unable to do it. Can't believe there would be less petrol fees than the BSC chain.

[molsewid]

Really? How if the fee is higher and higher again moreover when the price of Ethereum is increasing again?
Haha, I don't know how to trust them but so far, the high fee really hurt, and feel so hard to transfer the ERC20 tokens. Moreover, it is not only about the price of ETH. but most ERC20 tokens prices are low, but the fee is damn high

If this is true then it would be done as early or I can say that I can't wait for the Ethereum gas fee to be resolved because i do suffer much to high gas fee of ethereum everhtime that i made a transaction.

Solving the gas problem isn't as easy as you think it is and if I recall correctly there's this rumour about the miners disagreeing to the devs decision of making the whole eth blockchain into POS and to increase the tps through layer 1 and layer 2 (sharding and side chain if im not mistaken).
its basically a lengthy process but hopefully once all of those successfully solved we won't see the blockchain having too much gas price.

The team behind the blockchain of ethereum should take the high gas fee as serious problem which of course needed to be resolve. This issue should be address properly because it really affects the transaction of eth to other platforms.

[fahmimajannat]

Hope it will become true.
The gas fees are unbearable. It has risen up to 100x then what it was before.
Most people can't even transfer because of their low investments or low reward.
So this problem should be resolved as soon as possible. And hope that it will last long at least 2/3 years.

[Cling18]

Still a long way to go, but then again doesn't necessarily guarantee that in july the gas will be truly resolved.
Best course of action is just to move on from the eth blockchain from the time being because lets be honest here, none of us could wait 4 months just to send some shrimp amount of erc tokens and 4 months is just too long when it come to this so I guess it's already decided that whoever who wants to send their tokens out there just send right now or waiting for 4 months.

4 months is really long and we still don't have any guarantee that it could really happen. The gas fee has been a huge burden for most of traders and sometimes, we couldn't even withdraw our funds because gas fees are higher that it. That's actually the reason why some traders switch to other altcoins.

[worldofcoins]

Hope it will become true.
The gas fees are unbearable. It has risen up to 100x then what it was before.
Most people can't even transfer because of their low investments or low reward.
So this problem should be resolved as soon as possible. And hope that it will last long at least 2/3 years.

I doubt it’ll stay resolved for long if they do classic test and improve method.
2/3 years is long time if there issues starts popping up in the new network, so i would say in few months the issues will be fixed if any does.

[Apnaworld71]

It may not resemble that in 4 months,I actually trust ethereum will tackle this large charge issue in the close future,the serious issue will be if the market bullrun proceeds with the gas costs will be going in for a lot higher rate and the time from now to july its still a long periode and a great deal can occur. It will be extremely valuable for all who need to execute out of the Ethereum platform.I trust this settles everything in Ethereum organization.

[Mtaiwo]

please i hope so, because i have not been able to trade since all this while, since last december, so if the gas fee can be reduce will be able to cashout, because if what i want to sell is equivalent to gas fee, what can i do than to wait.

[skarais]

The team behind the blockchain of ethereum should take the high gas fee as serious problem which of course needed to be resolve.

This could be resolved as soon as Vitalik Buterin issued an announcement regarding ethereum's scalability. After all, this may be what ethereum fans have been waiting for. Looking forward to how Vitalik Buterin manage to do it.

Check out the news here. Ethereum scalability issues to end soon – Vitalik Buterin

[Finestream]

It may not resemble that in 4 months,I actually trust ethereum will tackle this large charge issue in the close future,the serious issue will be if the market bullrun proceeds with the gas costs will be going in for a lot higher rate and the time from now to july its still a long periode and a great deal can occur. It will be extremely valuable for all who need to execute out of the Ethereum platform.I trust this settles everything in Ethereum organization.

Ethereum has been facing this big problem for quite a period already and if this will not be resolved, investors will shift into other network that offers lower gas fees like BNB. Although miners are opposing on ethereum 2.0 but still lot of investors are still hopeful to resolve this issue since ethereum has been a trusted network already since from the start. It's only about its high gas fee that makes it complicated right now.

[fia_naila]

With eip1559 miner will get less fees, but there are always negative sides, miner can make a 51% attack on ethereum if they did not agree with this proposal. I also hate to saw eth fees skyrocketing but there is nothing we can do about it. And i dont think the gas fees will be solved in july, we need eth 2.0 asap or else nothing can help us from ethereum high gas fees.

[Olaolufemi437]

Well for me, this is a great news if it could be fixed.but honestly speaking waiting till July will be to long because alot of people might have switch to other network that there has fee is currently low. But I really hope the problem is fixed in July as the tram stated

[Ruvi2000sew]

It's a simple thought that, when the price of ETH rises, the cost of gas rises as well. Do you know that petrol prices fluctuate all the time. if you want to transact, you can take advantage of a low gas chance. I've spent a lot of assets on gas because I need transaction token every day. Essentially, if you can keep your token in an exchange wallet, you can stop paying fees.