Why do people still use ETH?

[coin-investor]

Binance chain made a huge profit because of those issues that you pointed out they are now the best alternatives for Ethereum but don't count out Ethereum yet, they are working on it, the developers are not sleeping on their job and they are definitely going to fix this issue, but we have to wait and bear the transactions for now but while they are working to shift to staking.

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[no-ice-please]

I don't quite know what the exact stats right now are when you compare usage of ETH vs. BSC, but they use it because there have been so many ICOs on the Ethereum platform and they hold all these tokens. It is in their best interest that Ethereum as a platform succeeds such that there tokens can also succeed. Maybe so are hardcore believers, and others might just feel stuck and see no choice other than sticking to Ethereum in order to protect their earlier investments.

[fenican]

The surge to $4,000 was particularly confusing. Seems like old technology. I'm much more excited about all the Proof of Stake coins. Why bet on a coin that has yet to make the transition when many are already there?

[Questat]

You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds

every year I hear this.
transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse.

If ever you don't believe that mate, then you are free to use another platform but you don't have the right to condemn people for continuously using Ethereum as they are preferred to use it. I mean it was their choice and you also have. Maybe you are just unhappy with the current situation, the gas fee has been resolve already but can't make it stay like this forever and maybe later it increases just like what happened to BTC.

[GreatArkansas]

Binance chain made a huge profit because of those issues that you pointed out they are now the best alternatives for Ethereum but don't count out Ethereum yet, they are working on it, the developers are not sleeping on their job and they are definitely going to fix this issue, but we have to wait and bear the transactions for now but while they are working to shift to staking.

Binance Smart Chain is extremely too far from Ethereum, Binance Smart Chain only useful before when the Ethereum network was clogged, and look how Binance Smart Chain now, and as we all know, Binance smart Chain is kinda pure copy-paste of Ethereum.
There are still alternatives and much better than Binance Smart Chain for me.
And we all know, Ethereum is one of the most trusted smart contracts networks that enable to work since the beginning, so I have no doubt that people are still using Ethereum despite huge transaction fees.

[FinneysTrueVision]

I have tried Ethereum, Binance Smart Chain and Tron. Tron has the lowest fees but not a lot of interesting projects. BSC has low enough fees and it is continuing to grow and attract developers. I believe that the future will be multi-chain. If BSC continues to grow then all the best projects from ETH will port it over to BSC and operate on both chains. Their is too much money from fees that they can make and I don't think they can ignore BSC forever. There are also some good original projects on BSC, it is not just copy and paste. Pancakeswap might be a fork of Uniswap but it has added so many features that it has it's own identity that separates it from all the clones.

[smartaction]

People use ETH Because it was the world's first opensource blockchain technology that made it easy for everyone to create their own cryptocurrency. And its smart contract has the most features.  Which gives a token a more advanced look.  Although its transaction fee was too high for some time.  Now it has been resolved

[WalkerIVIV]

that's the there's called EIP and it will be used as a way to improve the protocol. We are all feeling tired with the scalability problem that sometimes it can make the transaction fees more than 100 dollars for each transaction but it's not replacing your puzzle easily dude.
We have been also using the alternative network as an alternative way when ethereum faced scalability problem and the network gets congested

[MSN02]

People still use Ethereum because it is so mainstream. There are better projects such as BSC and NEAR that are faster and cheaper to use, but Ethereum has the mainstream hype and the money behind it. It also has the promise of Ethereum 2.0 which is keeping people on the network. (NEAR is everything that Ethereum 2.0 has promised to be)

[inanilujimi]

it is possible that people believe that tokens running on the ETH network have far more popularity than others. there are already many solutions for ETH such as BSC and Polygon which so far have cheaper transaction fees. but the popularity of the ETH Token is hard to replace.

[nomenclatur]

the gas fee ethereum is very expensive making the costs on DEX more expensive trading examples such as on uniswap which makes the costs add up very large I myself have made trades that cost a lot not worth the results I get of course leaving ethereum is the right choice because of the trading costs it's crazy to make the more expensive gas I sell on the DEX exchange it costs quite a lot so I prefer to delay the sale.

[TastyChillySauce00]

it is possible that people believe that tokens running on the ETH network have far more popularity than others. there are already many solutions for ETH such as BSC and Polygon which so far have cheaper transaction fees. but the popularity of the ETH Token is hard to replace.

Yeah, thats also one of reason, people see project that creates token in ETH blockchain instead of other as a more legitimate and more serious but actually its all depends on the project itself, even eth was also used rampantly for scams back then so cant really use that reason as a credible factor to judge a project. I personally have no problem whats the developer preference on where they released their tokens.

[Ararbermas]

Ethereum still reliable to use even the fees were too expensive and no one can ignore it as it's very trusted although there are some new best coin in the market that can compete with the technology of ethereum but the fact that its been how many years of the services and still very secure and  the team keep doing their best to make ethereum became the best alternative in the market unlike other project, so for sure this situation will be fix and it will be fine again soon. Just don't base on the situation mate wherein just believe what will happen in the future..

[zachyboy090118]

Ethereum is one of the promising coins mate, we have different experience in crypto, my experience is good and satisfying with ethereum. Most trader using this one rather than bitcoin because they assured for the safety of there funds. Maybe now ethereum is in crisis as all token but it will rise again in the future.

[sgenuine]

My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.

If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)

I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))

With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.

On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became  $150 one way, I realized that this was just a robbery.

Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.

I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?

And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!

As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.

So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!

Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!

Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!

I am glad to inform you that you don’t have to put up with this robbery that happens every transaction, as many cheap blockchains appear now, like BSC, Polygon, KuCoin. I used to earn money there in different yeild-farming pools, but now it is not profitable. Nevertheless, I believe that it happens because of the bear market and as soon as it ends, I will get my high APYs again.
Talking about Ethereum, I think it will become much cheaper and more scalable as soon as Ethereum 2.0. launces.

[Dread Pirate Roberts]

Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!

BSC ? their platform are more cheaper and fastest and also they had wrapped coin that makes more cheaper to move asset from one coin to another. I don't use DEX because I'm quite comfortable with regular exchanges and I've never been staking or for the purpose of earning interest other than trading. so I don't know what causes you to be charged more between. in BSC it seems that everything is low from that much to regular transactions to swaps.

[cryptoaddictchie]

Eth has improved since then. But if you want another blockchain that works like eth with faster and lower fee then go to bsc network, polygon, fantom, avalanche and solana chain.

We have different taste when it comes to pick but what I suggested are all good blockchain and now being used as alternative to eth network. Yes especially fantom and polygon, both of the fees on these networks are relatively low and you can say that its worth trading or doing a lot of transactions without worrying about the fees.

[ivankoh]

So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!

Oh yes, what you're seeing and the experts have all judged, so what do you expect?  An agile without a secure validation mechanism for blocks?  You can not understand for property, what is the most important?  I'm sure it's secure and safe.  I also fucked with ETH's Gas, ... but sometimes, I realize that ETH has so strong points that it is one thing to take advantage of its huge liquidity and multitude of coins supported.  something different.  And so, perhaps Sharding on ETH 2.0 will be a very powerful adjunct to remove the long-standing disadvantages.  Just wait, ETH will continue to grow.

[Jackl87]

My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.

If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)

You know that the whole DeFi-thing could only happen and arise because of the possibilities that the Ethereum ecosystem offers? Without Ethereum the only thing we could do on the blockchain would probably still be to send x-amount of a currency to another wallet and sign a message and that would probably be it. Yes of course it is also true that the transaction fees on the Ethereum network were so ridiculously high during the height of the Defi-hype, with several hundred $ worths of fees for a dex-swap, that during that period it was not really usuable for a "normal" user because the transaction fees were often higher than the actual transfered or swapped volume. The ETH devs know about that problem though and it already has gotten much better and it hopefully will continue to move into that direction. So i am pretty sure that ETH will continue to be the number 2 crypto-project behind BTC.

[bizfyn_ru]

I searched for information.
I found several ETH competitors in fact.
The closest in terms of liquidity is BSC and TRON. They look good and they have little commission.
But you know what?
I think everyone should pay attention to beginners. Remember the crazy airdrops from 1inch and Uniswap. I then earned 8 thousand dollars from scratch)
I am now thinking of making an exchange for several newcomers of the Near Protocol. They have their own big swap ref.finance, it seems to me that they can distribute some bonuses for their first users.
I don't know, I'll just make exchanges everywhere) Maybe it will bring me money from scratch)))