Why do people still use ETH?

[Kez1817]

People still use Ethereum because this altcoin is still valuable despite of a higher gas fee. Also, it keeps on improving that's why people always trust Ethereum network. There's a lot of alternative to Ethereum like BSC network but Ethereum is still the second valuable digital currency to Bitcoin.

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[Malam90]

Already the use of Ethereum network has come down and BSC network has risen in the last couple of months. Now BSC DEXs are very popular and hot trend where only Uniswap is still popular. That's why use of ETH is now 2nd mainstream where Pankcakeswap, Babyswap are on the rise and you can that BSC is the main stream Chain now. Very soon, Polkadot will also be one of the main stream Chain like ETH and BSC.

[Republikcoin.com]

Already the use of Ethereum network has come down and BSC network has risen in the last couple of months. Now BSC DEXs are very popular and hot trend where only Uniswap is still popular. That's why use of ETH is now 2nd mainstream where Pankcakeswap, Babyswap are on the rise and you can that BSC is the main stream Chain now. Very soon, Polkadot will also be one of the main stream Chain like ETH and BSC.

It seems that the cryptocurrency world needs a platform that can process transactions quickly and with low transaction fees. I mean, it's a waste of time and effort if we use the most perfect platform, but the transaction fee is above $10 and it can take up to 30 minutes to complete the transaction processing. Apart from losing money, we also lose time.

Are cryptocurrency enthusiasts' ideals of "decentralized better than centralized" starting to fade?

[Darktongue]

When we are using something, then starting to hate it means we will go back soon if the real problem is solved. Recently I tried to make a BSC transaction which will cost me 0.31 cents. We are getting the same opportunity in the Ethereum blockchain ( 10 GWEI TPS). Definitely from next year, others blockchain transaction costs will be low because of the final version of Ethereum 2.0.

[Fivestar4everMVP]

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

Well mate, how sure are you that Ethereum transaction fees are no longer a problem,?? Because I personally think it still lingers, just last week, the day shapeshift announced airdroping fox tokens to their long time users,, fortunately, I was one of the beneficiaries and we know, Fox is an erc20 token, I remember gas fees on Ethereum blockchain that day was hell, I spent almost half of the airdrops worth to in fees during claiming, and after successfully claiming the airdrop, I was really angry at the amount of money i spent on fees during the claiming process, and this made me to sell of the fox tokens so as to recover my money back which I borrowed from my other investments.
I personally think nothing is solved yet, the reason why it looks as if fees on Ethereum is low is because not many people use the blockchain anymore, the number of transactions that happens on Ethereum blockchain a day has significantly dropped and this has made it look like fees are now low on the network, if any popular project should announce something that will cause a really lots and lots of people to transact on Ethereum network again even if for 2 hours, we all will notice that the transaction fees will instantly hike again.

[dificanovi]

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.

that is how ETH holders feel in very small amounts, if they want to take a little profit from ETH then they will be disappointed when they see very expensive transaction fees. In the past, ETH really helped me in disbursing profits, but when ETH transaction fees increased, I rarely transacted using ETH. Hopefully transaction fees on ETH will return to normal and we can all use ETH like in 2017.

[devil2man]

I am slowly transferring my crypto wallet on the bsc blockchain but it is not an immediate thing before being able to liquidate all the tokens i have on eth it will take some time and therefore for a while i will have to continue using its blockchain which is became very slow in transfers and really expensive

[Clavulanic]

People won't turn their backs for eth because most traders owned erc20 tokens that has a good potential eversince new other platforms existed. Though the gas is quite too expensive for today, that doesn't mean we're going to avoid ourselves from eth, it's still worth it to hold due to its uprising value. Gas for transaction fee is the most common reason why people still prefer to use eth, long term holding is just secondary options.

[WalkerIVIV]

People still use Ethereum because this altcoin is still valuable despite of a higher gas fee. Also, it keeps on improving that's why people always trust Ethereum network. There's a lot of alternative to Ethereum like BSC network but Ethereum is still the second valuable digital currency to Bitcoin.

I think that it's not caused by the ethereum was valuable coin. Ethereum was the top 2 CMC and that means the demand for the people to use ethereum is still huge at this momend. The problem with ethereum fees will be sorted out and that will give the user the trust again.
Million transactions is still happening with ethereum everyday and that means the use base is still high as the rank on CMC
that makes sense if people still use it

[indrakusumaindra]

the reasons why people still using ethereum cause ethereum still the most trustable network in cryptospace, its true there is a lot alternative that offering good price in gas but the trust and the safety concern always make ETH become number one in crypto space, people even still mine it even though its need a lot money to do it. If you talking about dex i do think eth dex such as uniswap still the biggest choices in crypto space, when we look other DEX such as pancake swap that have a bug  and also recently thor chain that got hacked i do believe its better to use a good network and safety such as ETH.

[mrjoy15]

Ethereum testnet is coming. Massive Ether accumulation is happening. It's right to follow the whales, or we'll just have to wait and find out what's the coming. I agree with the strategy, I'lll add up again and see where the market is then. Crypto are being controlled by the whales, so don't rely fully on the daily volume.

[Roy Asher]

When thinking about this issue, when we mentioned Ethereum, our first reaction was smart contracts and one-click currency issuance, the underlying development system, and now in the field of public chain underlying development systems, no currency can support application development.

[tvplus006]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.

[Dr.Osh]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.

correct. I also think that in the crypto world, we will all definitely relate to ethereum, because most coins nowadays have an ethereum platform. other than that, I also think the same thing, that when you refuse to use one of the popular coins, then the level of profit you get will not be that big.

[fileo]

I don't trade using ERC 20 because nowadays BSC is much affordable than ERC. I admit there are a lot of scammers using BSC but I also know even it is Ethereum scammer can use it too. In BSC is very low fees compare to ERC 20. I also try TRC 20 because it is also affordable like BSC. I avoid using ERC 20. But if the gas fee will decrease to much affordable. Then once again will use it.

[xiboothrezi]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It's a shame that there are a lot of potential projects that still use ethereum. if you ignore ethereum because of high transaction fees, why not use the BSC network? seems to be more well-known and commonly used by developers as a second choice after ETH.
well, that's your choice, I can only suggest that it should not be abandoned completely, after all gas fees have started to normal and the ethereum dev team is trying to develop a more reliable ecosystem so that transaction fees can be controlled.

[no-ice-please]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.

correct. I also think that in the crypto world, we will all definitely relate to ethereum, because most coins nowadays have an ethereum platform. other than that, I also think the same thing, that when you refuse to use one of the popular coins, then the level of profit you get will not be that big.

Not aware of the exact numbers, but I can imagine that Binance Smart Chain is at least getting closer to Ethereum in terms of the number of projects launched on its network or it may even have overtaken Ethereum by now. If it didn't yet, it probably will within the next couple of months as for now Ethereum is still not able to handle large scale micro transactions, which is important for most of the apps built on top of these networks.

[andriarto]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.

correct. I also think that in the crypto world, we will all definitely relate to ethereum, because most coins nowadays have an ethereum platform. other than that, I also think the same thing, that when you refuse to use one of the popular coins, then the level of profit you get will not be that big.

Not aware of the exact numbers, but I can imagine that Binance Smart Chain is at least getting closer to Ethereum in terms of the number of projects launched on its network or it may even have overtaken Ethereum by now. If it didn't yet, it probably will within the next couple of months as for now Ethereum is still not able to handle large scale micro transactions, which is important for most of the apps built on top of these networks.

I agree with your view about the binance smart chain which currently seems to be the main competitor of the ethereum network. but we also can't look down on ethereum which currently still has a large community and capitalization, on the other hand with the events of the past, currently the ethereum network is improving too, and I think there has been development about the network

[Xinarae*]

Although the binance smart chain is currently improving ethereum's application will continue ethereum is improving through blockchain technology. Although the fee for its transaction is high there is demand in the market unlike other blockchains etherium can do much more etherium is programmable which means developers can use it to create new types of applications. Decentralized applications take advantage of cryptocurrency and blockchain technology to facilitate transactions.

[junkerr]

I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

I think you have started to despair about the future of ethereum, especially regarding transaction fees.
but some traders still have the confidence and convenience of trading on the ethereum network. there is no coercion anyway as long as the transaction fee is still safe for a trader I think there is no need to complain and despair.
several projects took this momentum such as BSC and NEAR. but all back on the market. they determine how we can rate a platform.