Why do people still use ETH?

[Sayeds56]

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

Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee.

[RussianEnglishTranslation]

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!

Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.

If NEAR can do all the things you are talking about and if NEAR already solved all the problems that Ethereum has while still being fully decentralized (which I don't know), it is suspicious that the market has not recognized that in a way such that it is a multi billion dollar market cap coin. Is NEAR fully decentralized like Ethereum?

It's more decentralized than most POS chains. Each shard can do 2000+ TPS and has up to 100 validators. Instead of raising transaction fees like other chains, a new shard will open up and populate with validators. In this way the blockchain can go as fast as required, it remains decentralized, and transaction fees stay low. As to why you haven't heard of it yet, Coinbase and other large VCs have and that's what matters.

[distr@yopmail.com]

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

Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee.

that's what the community hopes for soon. Hopefully, everything will get better in the next two months. I think that development is still often delayed, I think, is the reason why so many traders and new projects stick with BSC.
we can see how pancake swap like exchanges become as awesome as UniSwap in what I think is pretty short.
but I'm sure, when everything is resolved, ethereum will get huge adoption in the market.

[rosebrand]

So bad ethereum network got so congested and using it's network became so complicated which is so bad, users paying insane fees for transaction with a slow network as well, back in the days of 2017 eth was the best but currently due to it's limitations there are so many projects competing with eth, and most of them are just imitations of other networks but I found the Near protocol blockchain being so unique and even possess the features of the hyped eth 2.0, seeing this i was kinda thinking near was the eth 2.0 itself.

[bitkanu]

I think Ethereum will continue to do well with the help of sidechains like Fantom and NEAR Aurora.

Ethereum can stand alone after the update and it doesn't even need the help from the side protocol or second layer protocol. So many good updates already proposed on the EIP and it seems like that so many people who have been moving to the second layer solution of ethereum will be moving back again to the ethereum. So many people were also expecting the same thing like me when EIP will be done and then it will give a big change to the network. Ethereum was stand alone since it was getting launched.

[gustavroy]

ETH is gonna legend after EIP 1559 london hardfork and you will be shame about this topic. 5 figures is soon. The technology of ethereum is undisgusuble and gas fees will be low soon.

[reza7777]

Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better

[Shallow]

To start with, there is no reason not to use Ethereum blockchain because it is currently the best blockchain when it comes to altcoins, if it isn't the best other won't copy from it or even use some of its features. On the issue of high gas fees, did you realized that during the bull run and even with the high gas fee, people were still using ETH, and of course ETH reached a new ATH. BSC network which offered a cheap transaction fee got to a point where it was messed up, transactions were failing and congestion was too much, and that is for a network which is still new to an extent. Recently now, Bsc network is still not working perfectly, transactions finds it hard to go through.
Let's go ahead to use Bitcoin as an example, I remember a time where other blockchains were using the slow speed of Bitcoin as a basis to create theirs, claiming it will be faster and so on, but even at the midst of that, Bitcoin still remained the best till date.
Ethereum has lasted this long because it is just better than others, and the team are always working, moreover the gas fee is not high like it's used to be.

[Golftech]

Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better

Yes it's true, ethereum is one of the biggest altcoin platforms that many projects trust to work on and of course almost everyone also has no doubts about ethereum, even though transaction fees have recently increased on the network, but I don't think if they will leave the ethereum network just for that reason, but they will just look for alternatives like BSC for now.

Indeed, being one and the first smartchain, ETH still have a lots of end users who continue supporting this system,

though unlike before that everyone are stuck with using it but now that BSC has been offered where fees is really

smaller compared to ETH, but it's depend from how the community and develpoers choose which chain to use.

[junkerr]

Ethereum exchange charge is at this point not an issue and August is close which we will see far and away superior and less expensive exchange expense on Ethereum organization. This is the reason individuals are confiding in this organization since they are sure the group won't vanish. On the off chance that I see ETH has solid essentials, I am certain designers will track down the best answer for its clients to limit exchange costs as you referenced previously.

there's really nothing to worry about with ethereum. although people are fussing about the update delay in this august. but trust with ETH assets is irreplaceable. ethereum will gain market momentum again. even without a rally from bitcoin, I believe ETH can get their own rally in the market.

[juanda]

it is difficult to switch from Ethereum platform especially bounty hunters because many bounty campaigns require ethereum wallet to receive rewards from bounty campaigns. and now the transaction fee is low and unlike a few months ago it reaches $15-30/transaction. now it costs only $0.5-2/transaction and ethereum is the best in my opinion.

[aditasetia123]

Ethereum is a very large platform and there are many tokens on the market that use ERC20 so it's impossible for many people to abandon it, despite the fee frenzy some time ago but now it's back better

this is the main reason why ethereum use by new project in cryptocurrency market, as pioneer in smartcontract platfrom alot dev team creating contract under eth platform, trust and strong community will be main reason for it.

it is difficult to switch from Ethereum platform especially bounty hunters because many bounty campaigns require ethereum wallet to receive rewards from bounty campaigns. and now the transaction fee is low and unlike a few months ago it reaches $15-30/transaction. now it costs only $0.5-2/transaction and ethereum is the best in my opinion.

i think we see another platform that used to receive bounty reward. BSC address also required to in several campaign now.  if talking about transaction fee, core dev team working very well since fees decrease alot .

[osasshem]

The rate of transaction using the ETH network was some hell of cost made, where those with little amount of coins finds it difficult to move their assets out from the ETH wallet to other wallets/exchanges. Well, the good news is that the cost of transaction has drastically reduced from how it was before now and we are waiting for the new upgrade that is to be implemented into the smartchain network which will improve it's usability and a slice down of transaction fees.
With a low transaction fee in any Network, it calls for a high rate of adoption by users. For instance, the BSC network is one that is getting a high population of users since the rate of transaction fee increased in the ETH network.

[Pelana vreo]

-snip-

that's right, you can use Lightning Network to get low fees when sending Bitcoins and I think ethereum sending fees are currently lower than early year 2021, high gas fees when trading on Uniswap make users switch to using Bsc network, it takes more than 25 confirmations on the network when we do the swap and I think it's normal, I think op can choose the cex exchange to avoid high trading fees.

[Sithara007]

Technology is not the reason. Ethereum is a second generation cryptocurrency and in case technology was the primary concern then it could have got replaced many years ago by various third generation cryptocurrencies such as Cardano and NEO. And fourth generation cryptos are being developed right now. The reason is that Ethereum had a monopoly early on. It was the first smart contract platform and many of the earlier projects didn't had any other choice apart from using the ERC-20 chain. And many of these projects have grown big, and they continue to use ERC-20.

[lenovop-70]

Its all depend on where i need to do transaction, i am trader, if there is still worth it i just use any network near with me. Besides, the Ethereum fee not usually high like before, and also many dex and exchanger support the BSC network, it is alternative when we object to high Ethereum transaction fees. Also, Tron network still be other alternative when they are did not support the BSC network.
For me, Ethereum still fine, we can use their network to do transaction, or just keep Ethereum as my long term investment.

[wajik-tempe]

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

Most people don't consider the price fixed or low, maybe after the August hardfork we might see a remarkable price drop in transaction. People don't use ethereum because of the transaction prices although when compared to Binance blockchain, it is significantly low. They also consider the better smart contract, the DAPP compatibile and good Defi use.

At the time when the transaction fee of ETH was so expensive, there are so many new network was coming just like BSC. People are moving and leaving ETH that's why peopel are not looking back again to use ETH because they are already confy with BSC or other cheaper network. ETH has a lot of strong competitor right now, they have to make some innovation to make their users and holder back otherwise people are leaving it permanently

[Ozero]

Ethereum exchange charge is at this point not an issue and August is close which we will see far and away superior and less expensive exchange expense on Ethereum organization. This is the reason individuals are confiding in this organization since they are sure the group won't vanish. On the off chance that I see ETH has solid essentials, I am certain designers will track down the best answer for its clients to limit exchange costs as you referenced previously.

I hold my ethereum coins and am confident that after the current update this coin will grow many times over in all directions. The ethereum network continues to update and we are already seeing some positive results from this update. At the same time, there are a few days left before the London hard fork on August 4th. So I hope that the problem of expensive transactions on the ethereum network will soon be gone forever and no one will ask such silly questions about why we still use ethereum.

[cryptoknows]

This whole situation with the increase in gas prices seemed to have been specially ordered by big players in order to knock small hands off the table and not share the huge profits that many defi projects brought as a result. Of course, I'm not a fan of conspiracy theories, but it all looked exactly like this) If you take a couple of projects such as AXS or some kind of SWAP that came out at that moment a lot, then small players, against the background of an increase in gas prices, lost a lot of money on transactions and transferred their the remaining investments in stablecoins, in order to maintain the balance of the deposit, thereby losing the opportunity to see the rise of these cryptocurrency projects. Therefore, such blockchains are replaced like Near Protocol, with its own ecosystem, low transaction prices and fast blockchains

[kak uli]

I am using Binance Smart Chain and Polygon and I am totally satisfied with them. I also refused Ethereum because of fees. Moreover, these alternative blockchains are developing rapidly. A lot of people, especially newbies, get tempted by cheap commissions and come. This way liquidity is growing. Moreover, a lot of new defi-projects appear there every day, so I see development.