Will competitors overcome ETH due to ever-increasing gas fees?

[coinsycrip09]

Many people think that expensive gas costs make ETH users will be abandoned by users, the fact that almost a year is happening but ETH is still strong, I think expensive gas will not be used to create a scam project, so the other side is many projects that use the ERC-20 network and get Great appreciation of investors.

agree with you. expensive gas will make the project scam naturally reduced. from the beginning i knew cryptocurrency, i was more interested in ethereum and bitcoin. although many other altcoins have appeared, i still use ethereum.

and look at how ethereum is currently developing, the results are really very good. so the high price of ethereum gas will not reduce their interest in using this network. 

[lvsca]

Of course projects that have similarities with ethereum will compete to overcome ethereum problems, such as BNB and SOL. So far, they have been able to overcome the high gas costs with their own network but have little in common with the ethereum network, so it is not difficult for newcomers who want to learn about their network because they have mastered the ethereum network before.

[eXtremal]

Ethereum competitors always offer solutions to problems that occur on ethereum, all projects based on their blockchain network are competing to create a network that is simple, inexpensive, and easy for anyone to use. So far SOL and BNB are projects that look capable of competing with ethereum.

[South Park]

I think it is very difficult to beat Ethereum, it can be said that ethereum and the ERC-20 platform are the rulers in cryptocurrencies, for example USDT which has become the price standard with the largest transaction volume beat bitcoin.

To me that is a bad example, after all where most of that volume comes from? Will that volume exist if bitcoin was not created on the first place? And finally are people actually using USDT for anything other than trading and speculating with the price of other coins? Bitcoin is the coin that is actually being used to make purchases on the Internet and the huge volume that we see for USDT and other stable coins is entirely dependent on it.

[FLoving]

I think it is very difficult to beat Ethereum, it can be said that ethereum and the ERC-20 platform are the rulers in cryptocurrencies, for example USDT which has become the price standard with the largest transaction volume beat bitcoin.

If we talk about the usage of platform for other projects then other platforms found it easy to compete Ethereum because the problem appeared to ethereum was the high gas fees. If that was not happened to ethereum platform then it would be difficult for other platforms to compete it. Now binance, solana etc are accepted by people. But polygon is also an alternative of them which we can put in the support of ethereum. Along with that the developers of Ethereum are working to decrease the gas fees and then it will be difficult for all other projects to compete it.

[tvplus006]

I think it is very difficult to beat Ethereum, it can be said that ethereum and the ERC-20 platform are the rulers in cryptocurrencies, for example USDT which has become the price standard with the largest transaction volume beat bitcoin.

Comparing a stablecoin with bitcoin is not entirely correct, since initially they have a completely different purpose. Therefore, based on their purpose, stablecoins have a very large volume of trade and the number of transactions, and this applies not only to USDT, but also to other stablecoins.
 

[Sanitough]

I think it is very difficult to beat Ethereum, it can be said that ethereum and the ERC-20 platform are the rulers in cryptocurrencies, for example USDT which has become the price standard with the largest transaction volume beat bitcoin.

If we talk about the usage of platform for other projects then other platforms found it easy to compete Ethereum because the problem appeared to ethereum was the high gas fees. If that was not happened to ethereum platform then it would be difficult for other platforms to compete it. Now binance, solana etc are accepted by people. But polygon is also an alternative of them which we can put in the support of ethereum. Along with that the developers of Ethereum are working to decrease the gas fees and then it will be difficult for all other projects to compete it.

But the question is when will it definitely take place? Because this has been the users' problem in the previous years and up to the present, and until now there are still no definite time when will developers can fix it. Yes, they have come up with rebranding which tends to make ethereum more useful from its users but the main problem which is to reduce the gas fees which is until now not given a good solution.

[DoublerHunter]

I think it is very difficult to beat Ethereum, it can be said that ethereum and the ERC-20 platform are the rulers in cryptocurrencies, for example USDT which has become the price standard with the largest transaction volume beat bitcoin.

If we talk about the usage of platform for other projects then other platforms found it easy to compete Ethereum because the problem appeared to ethereum was the high gas fees. If that was not happened to ethereum platform then it would be difficult for other platforms to compete it. Now binance, solana etc are accepted by people. But polygon is also an alternative of them which we can put in the support of ethereum. Along with that the developers of Ethereum are working to decrease the gas fees and then it will be difficult for all other projects to compete it.

But the question is when will it definitely take place? Because this has been the users' problem in the previous years and up to the present, and until now there are still no definite time when will developers can fix it. Yes, they have come up with rebranding which tends to make ethereum more useful from its users but the main problem which is to reduce the gas fees which is until now not given a good solution.

^ Is the volume 2 version of ETH has been already release?
That is the main problem of ETH as now the same problem with the BTC before when the gas fee becomes increase. I think there is no solution for that, the network of the ETH becomes congested because of many uses of this. So the only way for ETH not to become congested is to use other networks that can be used like ETH. There could be a potential competitor but when it comes to network it seems ETH is a perfect one.

[eaLiTy]

~
 But the question is when will it definitely take place? Because this has been the users' problem in the previous years and up to the present, and until now there are still no definite time when will developers can fix it. Yes, they have come up with rebranding which tends to make ethereum more useful from its users but the main problem which is to reduce the gas fees which is until now not given a good solution.

Do they really have a solution for the high gas fees, i doubt they already have one nor a time frame when that would be solved, if they already have a solution, they would have implemented that because they were really vocal when the transaction fees of BTCitcoin were rising in the past and was mocking us, so they better find a solution ASAP or other networks will have a share of the userbase which they already have as many projects moved to multiple chains.