Daodex (OP)
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January 18, 2022, 10:15:05 PM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
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Yogee
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January 18, 2022, 10:46:59 PM |
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Is this a new one? Is there any link you could provide for us to check? There have been many platforms that bridges Ethereum and layer 2 networks or other chains but they are still not spared from the fees on their first transfer. ...If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Yes it does since many people still prefer transferring funds without using third party apps or platforms.
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X-ray
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January 18, 2022, 11:32:06 PM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right?
The high fees can't be avoided if you're still using ethereum blockchain. The upcoming swap dex will make different if that's still using ethereum blockchain as a part of its service. The fees on the blockchain determined by the average transaction in the network and it's not the swap platform that was determining the transaction fees. Even when you're using the bridge and this will charge you a lot of fees. the only answer is using second layer solution of ethereum blockchain. im sure that will make no difference. Bridging your asset is not cheap too. If this happens would it matter for ETH Devs to still do anything about the high gas fee?
That's blockchain and only ethereum developer that can fix this problem through implement the EIP. Don't you know this before? The gas fees in ethereum blockchain was totally permanent and it gets change based on how much average fees in the blockchain. I thought that will not give any impact to the fees on ethereum blockchain.
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khiholangkang
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January 19, 2022, 03:16:04 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
What do you mean by bridge from ETH network to other network? Of course this will consume much more gas than the usual eth transaction.
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tarable
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January 19, 2022, 04:41:29 AM |
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Maybe you also know about some other exchanges that use the Ethereum network such as Anyswap Exchange. almost all of them have high transaction fees when it comes to the Ethereum mainnet because that is an unresolved problem.
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lobo13hf
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January 19, 2022, 06:15:04 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Ethereum gas fees can't be avoided when you need also to did a transaction in ethereum network. Ethereum bridge mean you must also deal with ethereum transaction and that will be involving a transaction in the network that cost you a lot of fees for a transaction that broadcasted in the network. I thought that if you misunderstand about it. The fact that even when you wanna use swap dex and bridge your asset and this swap dex will call ethereum blockchain to did a contract call. you need to pay ethereum fees as well.
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yohananaomi
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January 19, 2022, 06:49:27 AM |
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Maybe you also know about some other exchanges that use the Ethereum network such as Anyswap Exchange. almost all of them have high transaction fees when it comes to the Ethereum mainnet because that is an unresolved problem. actually one of the founders of ethereum has also complained about this and is trying to make changes by making eth2.0 which has not been realized until now, so he left and founded DOT. because he knows that the high costs on ethereum must be resolved quickly and so that ethereum can move freely. but the problem of high costs is still an unavoidable obstacle.
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Williamm07
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January 19, 2022, 06:54:45 AM |
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Just like ETH 2.0? I don't think it will be easy for any new projects, bridging smart contracts together to reduce gas fee won't bring any huge difference this problem can only be solved by or within the project itself (blockchain), cross bridge transaction already exists but gas is still very high
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Teraboy
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January 19, 2022, 07:48:23 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions
So many this kind of swap dex already exist in the market. That's wrong rumour and where do you get this rumour? You will never able to avoid ethereum gas fees as it's permanent based on the calculation in the network. If you wanna avoid the high fees in ethereum blockchain and just use another blockchain. I can't agree with you on this because that's non sense. You can pay cheap fees once the gas fees is going down but there's no ETA for this to happen. This totally depend with the network itself. The dex will not make the transaction fees to be reduced a lot since dex is just a place to trade.
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bhadz
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January 19, 2022, 07:56:45 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Isn't that going to remain high fees if transactions are going through bridges? I think the idea is good but still, transactions will happen in eth network which means that it has to bear and use the currently required gwei for the transaction to proceed. The devs should know how to resolve it even we're not yet in 2.0. There has to be some development since they've implemented last year the London upgrade and before 2.0 comes, they should already have a resolution for the enormous fees that ETH has.
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Alisha FR
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January 19, 2022, 08:52:16 AM |
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talking about the high price of gas in every transaction using ETH is not a matter of increasing the value of the transaction, but with the condition that the current ETH price has soared higher than the past ETH price. Now with the presence of swap dex, it is a solution for users to make transactions using ETH other than using a network outside of ETH as an alternative. even this is not a problem.
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shinratensei_
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January 19, 2022, 09:00:19 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge
Never heard about this and can you mention the name of that swap dex? The question is does it support the multiple bridge? You need also to explain it it will be reducing the gas fees as well. That may make people can understand about what do you meant above. and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
So, how is it possible? Avoiding eth gas fees meant not using ethereum blockchain to do a transaction and if that is still involving ethereum network to bridge it and that means you still need to pay what others pay when you're swapping or bridge your coin to the another blockchain. Im not even believes if this kind of method is still working. None can avoid to pay the high fees.
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abikobong
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January 19, 2022, 11:06:02 AM |
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When eth was created eth was like 90 bucks- gas fees weren’t much. Give 2.0 some time should be fine. Long game. ETH can stay the way it is and I will Literally never care ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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wmaurik
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January 19, 2022, 11:10:47 AM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
What do you mean by bridge from ETH network to other network? Of course this will consume much more gas than the usual eth transaction. What the OP meant was swapping the network from ETH to BSC or to Matic for example on certain DEXs because not all DEXs have that feature and I don't think the cost is that much either because some DEXs cut costs from the coins themselves or from the coins swapped to another network. So this is what is called a bridge between networks, That's probably what the OP meant.
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masterrex
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January 19, 2022, 02:26:20 PM |
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Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
I don't get much about what you are saying! Are you asking of any Swap or DeX? or do you just simply share that Swap DeX as an upcoming solution to the Ethereum Network's expensive gas fees through that bridge function, I guess it will not solve because the gas price was tied up to a particular (gwei)and if the ethereum price continued to soar it means the value of the gas fees in (gwie) will be also rise.
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_IRMAN
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January 20, 2022, 07:11:14 AM |
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What the OP meant was swapping the network from ETH to BSC or to Matic for example on certain DEXs because not all DEXs have that feature and I don't think the cost is that much either because some DEXs cut costs from the coins themselves or from the coins swapped to another network. So this is what is called a bridge between networks, That's probably what the OP meant.
I've used the bridge platform several times, and in fact the fee will be much higher because the fee is needed on both networks.
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tarable
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January 20, 2022, 10:36:28 AM |
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Maybe you also know about some other exchanges that use the Ethereum network such as Anyswap Exchange. almost all of them have high transaction fees when it comes to the Ethereum mainnet because that is an unresolved problem. actually one of the founders of ethereum has also complained about this and is trying to make changes by making eth2.0 which has not been realized until now, so he left and founded DOT. because he knows that the high costs on ethereum must be resolved quickly and so that ethereum can move freely. but the problem of high costs is still an unavoidable obstacle. At the level of the founder of Ethereum, he has complained about things that many people are complaining about today, so that's very reasonable. means that the current problem of Ethereum, namely the high cost of gas, will not have a solution if it is like your view.
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molsewid
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January 20, 2022, 11:05:43 AM |
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We are really waiting for this, the best swap in my opinion right now is from Binance, unfortunately not DEX, I'm sure if this happens then other DEX will follow or die. and the other side, of course, is the low cost, not like Uniswap, which needs hundreds of dollars to swap.
I'm not yet updated about this upcoming swap Dex but if this project will go to resolve the long-time concern of many crypto users especially eth users which is the high gas fee then I will not going to hesitate to use this new upcoming swap Dex tool. I am also one of the people who used to deal with the eth high gas fees and much as I don't want to use it I don't have any other choice than to undergo the process so that I can transfer my asset to another crypto. If this is going to be successful in focusing on its core purpose then this will I guess be a wake-up call to the eth devs to take action on this matter.
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kaya11
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January 20, 2022, 11:17:23 AM |
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We can't really sure if it is good unless we experienced it. I don't really much use ethereum network, I use it just to transfer my mined eth to my wallet locally and convert it our currency. The thing is it cost me 30 dollars just to transfer my 180 usd eth monthly income, in my country it is a good sum of money. If this somehow come into use and will reduce the fees, it would be a great help for me and the small time miners in world who depends on their monthly revenue.
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wmaurik
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January 20, 2022, 11:56:47 AM |
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Gas will continue to increase or there will be a new way of transaction that will emerge with the times. There will be transaction fees that will be cheaper than before. There are several transactions that have very low gas.
Try to give an example now apart from the current Matic and Bsc, because for now only those two networks are the cheapest for each transaction, the rest are not too cheap in my opinion although I also very rarely use other networks besides those two.
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