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Author Topic: Ethereum gas problem to be resolved in July  (Read 936 times)
guydin
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February 27, 2021, 02:28:06 PM
 #61

Everyone is waiting for at least some relief to come. These gigantic commissions have knocked many out of the usual rhythm of work. It was hard not to notice the panic running of users from the ETH network in the hope of saving on fees. Now it remains to wait for the start of the update to see a decrease in the amounts for transfers. Although, before that time, many different events can occur that can change the situation.

People are already exploring new sites, adjusting to the prevailing circumstances. Perhaps some other blockchain will be able to offer people more favorable conditions for cooperation.

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February 27, 2021, 02:58:36 PM
 #62

Will, I supposed to believe that Gas Fee might change someday but saying in July, I don't think so. I don't see how reliable it was when talking about a time-frame where we would expect a change as we know that this is not controlled by someone. Maybe I miss that Vitalik says it but I don't have to expect then since many times that he is not true to his speech.

I understand how crazy the fees it was but have no choice, we have to pay for it if we have no other options to take.

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February 27, 2021, 09:58:32 PM
 #63

Ethereum chain is for rich guys. Normal people like us not able to use this because of these high gas fees. Cant hope actually it's going to be fewer gas fees than BSC chain.
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February 27, 2021, 10:39:35 PM
 #64

I thought this ETH 2.0 will really solve the problem
Everything will be decided by all of the parties who will be involved in the consensus and we know that ethereum is still using POW and that means if all of miners will be voting to make it happen or not.
The only difficult thing to make the miners wanna agree with the proposal and they can start to upgrade their network to the new one that already supporter the update.
There will always be a conflict between the miners and developers. It must be avoided. It doesn't mean such proposal will solve everything.

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February 27, 2021, 10:42:57 PM
 #65

hopefully this is no tonly a rumours but will trully happend mate
and if this true, i believe ethereum will double the price from the latest ATH in this year wich mean about $4000

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February 27, 2021, 10:55:34 PM
 #66

Maybe the bit will be resolved when the price of ETH has back again.
During this time, the eth transaction fee is so dam high and we sometimes cannot withdraw our tokens because of the fee. And here, if it is really sure that the fee will decrease by July, it may be good information. But of course, I am not, sure enough, it can

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February 27, 2021, 10:57:15 PM
 #67

We all hope so for this to happened ,the current Ethereum gas fee is too high and unbearable for most of all.Many transactions of altcoins have becomes very expensive mostly due to the alarming fees.I really hope this issue becomes resolved soon and fees will be back to normal.
Anyways, don't lose that hope as it surely will come sooner and what is said in that article comes in July, but it was not really convincing of me. I shouldn't have to trust that nor I think that it surely happens by July because we are not scripted.

Well, of course, I do love it to see the fees will drop and so we all can move our altcoins (ERC20 token) in trade and make a profit from them. I hope as well that all our efforts in waiting will be paid off later.

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February 28, 2021, 12:56:07 AM
 #68

Hopefully it’ll be resolved as soon as possible, maybe the high fees are because of the increase of Bitcoins price and still have not recovered yet or whatnot. But I do hope they will fix it and not take advantage of the current price of the cryptocurrencies.
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February 28, 2021, 03:37:19 AM
 #69

If there is still no change in July.  I think it will be fatal to the development of Ethereum.
It should make a lot of platforms being forced migrate to the new blockchain with a better scalability. People are feeling good with ethereum caused by the system is so simple and it will make the development to the platform is so easy.
The problem is if ethereum dev didn't expect there would be a very big demand for ethereum platform like this time. There must be a definite solution for this.
EIP 1599 is the only best solution to fix the scalability problem.

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February 28, 2021, 03:51:59 AM
 #70

I think we just can wait before upgradation for gas fee. Everyone can give their opinion but team knows well. So we need to wait. If i talk about my self i decides to hols tokens and think to sell when this gas fee issue will b resolved. Because i cant bear the high fee for small amount of tokens.
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February 28, 2021, 06:05:09 AM
 #71

Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
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March 06, 2021, 11:18:37 AM
 #72

Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
Certainly, ETH will have very valuable improvements.  Although, some users lately were due to gas that created some big riot with BNB.  Some exchanges also create great attraction as a result.  But I still believe and support ETH, wait for ethereum 2.0 and this news as a consensus, the value of ETh will increase, the gas barriers will be erased.

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March 06, 2021, 12:15:37 PM
Last edit: March 06, 2021, 12:27:48 PM by BaeSuzy
 #73

I hope it can be happen in July because if the gas problem still cant be fix it, it gonna be bad for ETH future.
Right now i only use BNB for the transaction because it's so expensive when i want to sending token with ERC-20.

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March 06, 2021, 01:00:53 PM
 #74

I hope it can be happen in July because if the gas problem still cant be fix it, it gonna be bad for ETH future.
It's not only you but me too already started to use BSC instead of ethereum caused by i didn't wanna waste a lot of money just to pay the gas fees. If the miners are still opposing it and it may become another problem that will never be solved until there will be a new proposal that will make miner can agree with such proposal.
The key is on how much miners will be supporting EIP1559. Some big miners were opposing this proposal dude.



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March 06, 2021, 01:38:52 PM
 #75

Just hoping, but I don't want to expect that it will happen in July. Because so many times that hard forks been canceled and have extensions but hopefully they will stick on the time-frame.

But I don't think as well if EIP1559 will surely be done this year. And I hope this could be the solution or we need to find another platform. Because those who hold ERC20 tokens are so disappointed and not able to sell them. But since we have another option (BSC), I would like to see what it affects the fees.  

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March 06, 2021, 01:51:38 PM
 #76

Just hoping, but I don't want to expect that it will happen in July. Because so many times that hard forks been canceled and have extensions but hopefully they will stick on the time-frame.

But I don't think as well if EIP1559 will surely be done this year. And I hope this could be the solution or we need to find another platform. Because those who hold ERC20 tokens are so disappointed and not able to sell them. But since we have another option (BSC), I would like to see what it affects the fees. 


I believe most of those eth tokens already decreased its value, that's why many eth token holders are complaining. Because they can't transfer their tokens because of high gas fees or they can transfer it but they are paying high gas fee and they are not profiting from their tokens. Right now, small eth users are really in tight belt with this problem. Let us hope that Buterin's team is already making progress in addressing this issue. Else, people will indeed go to other platforms like BSC or ADA or DOT.
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March 06, 2021, 02:25:24 PM
 #77

Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
This is really much needed news and hopefully this will give some relief to longterm supporters that the work is being done to solve the issues and within few months it will be upgraded.
The most important thing for me is that after this upgrade the eth tokenomics will be converted into a deflationary model with burning of eth with transactions which will reduce supply so it is an attractive case for bulls.

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March 06, 2021, 04:34:25 PM
 #78

Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
so they plan to launch eth 2.0 in July...
not really sure if they will do this on time, but I hope that this July the gas fee issue is resolved. I still HODL some ERC tokens that I want to exchange but the high gas fees are a barrier.



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March 06, 2021, 04:49:19 PM
 #79

In the present time eth transaction fees are so high. This is a big problem now a days. I think they need to solve the problem as soon as possible. Still 4 months to come it July. So surely no one can tell that they resolved gas problem. In my opinion when Ethereum price gonna up gas fee gonna up. If they really want to resolve it then they need to set gas fee as fixed dollar not fixed amount of eth.

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March 06, 2021, 04:54:39 PM
 #80

I'm still not sure if the Ethereum gas problem will be resolved in July with the arrival of Ethereum 2.0 because the Ethereum 2.0 launch has been delayed several times. Therefore, everything must be done carefully and with full consideration, and let's wait and see how Ethereum can solve the problems that have occurred so far, especially the very high cost of Ethereum gas.
Don't be afraid mate, they will definitely solve this issues with the Ethereum. The huge gas fees will be brought into the nearest minimal when the Ethereum 2.0 come onboard, although they have delay it arrival but certainly it will surely come to solve its issue of gas. The stipulated month(July) might not be far but lets just wait for it.

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