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Author Topic: Reasons to use ETH  (Read 432 times)
bittick
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July 22, 2021, 01:26:12 AM
Merited by FinneysTrueVision (1)
 #61

According to my understanding of Etherum, many markets support Etherum coin, apart from the coin that is in the second position in the market, Etherum is also everyone's most popular coin, some of the problems with Etherum are the transaction fees are quite large compared to other coins like Doge, Ripple, and Litecoin, but because of Etherum's scalability, many investors use Etherum.
Yes, and now the issue of transaction fees on Ethereum has been resolved and is no longer worthy of being called a problem because it is already very cheap, for proof, try it for fun to send a coin to an exchange wallet, and see how much it costs you, I'm sure the cost is already very cheap.
We should not consider the gas problem and how expensive the gas price can be resolved until the price not always changing significantly because in my opinion today the gas price can be cheap but tomorrow it could be different thing.
Also the gas required always varies on every smart contract, just because it's cheap to send eth doesn't mean it's also cheap to send erc20 token or even using uniswap.

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July 22, 2021, 07:22:09 PM
 #62

Talking about Ethereum mainnet there is no point in using it because of high fees compared to Binance Smart chain or Polygon as well. New sidechains carry the same functions, I mean providing space for different DAps, but they give you an opportunity to use them with lower fees, so I prefer them.

But I still hold ETH and I will do it in the future as well, because it is the second crypto currency in the market and devs are still developing their project, so I believe in it.

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