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

[Nancy0@]

Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same. Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

[bitkanu]

Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same.

No doubt, they wanna make miners even richer.

Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.

Like me. I have been moving to the L2 and another L1 blockchain like solana, matic and BNB. There's no ETA when the ethereum's problem will be fixed. People are hoping they will be seeing ethereum 2.0 asap but again it's no ETA and people didn't even know what they are hoping. On its official website and it's clearly stated that it may got postponed.

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

I do and why not? don't you aware with the so many news that came from various blockchains like BSC, SOL, or even matic? these blockchains created more and more record on its active transactions. So many people are moving away from ethereum to the another blockchain.

[masterrex]

IMO, I believe if the Ethereum developers will remain deaf to the appeal of its users and still not fix those expensive transaction fees, they might wake up someday that most of its users are gone and already jump to other cost-efficient networks. as we observe today the crypto industry nowadays has changed a lot because of the strong competition that's why the more they delayed the Ethereum 2.0 implementation the more they will loosen its grip and the dApp market domination. 

[Reid]

Years ago I have been using Ethereum non-stop but after the congestion and high transaction fees, I stopped using it. I don't want to be a martyr spending too much money just because I support them. All I could do is buy more Ethereum but never use it as means of anything. This kind of problem happened with Bitcoin before but thankfully it was carefully fixed.
I still look forward for the upcoming Ethereum 2.0 but I am not that excited anymore thanks to their consecutive postponements. Is there a future when they come back with a better service? Yes. The name and their roots will back them up.

[casperBGD]

it is a multi-chain vs cross-chain future question

L1 Ethereum is expensive, but you actually have L2 platforms on Ethereum, that are cheaper to use, and provable provide better security than L1 alternatives
nevertheless, it will be a tough race between Ethereum and L1 competition, but developer base is on Ethereum side

[shinratensei_]

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

Ethereum will slowly vanish if the scalability problem will not be fixed and i will give you a proof about how fast the competitor of ethereum was growing up you can try to take a look at these charts

https://etherscan.io/chart/tx

https://bscscan.com/chart/tx

BSC processed more than 6 millions transaction daily compared with ethereum which was around 1.3 millions daily transactions. that proves that if the domination of ethereum was slowly getting eaten by the blockchain who has been getting more scalable compared with ethereum. Miners are the problem in these cases. Those greedy miners didn't care with users.

[cryptoaddictchie]

I think competitors are already on the move. There are some L1 operating and some of those eth pioneer are already using those alternatives due to eth high gas fee. We cant blame them as the eth network really pain the ass having huge fee for every transactions. These will be limited only to whales cause potential builders and traders will be hurt with such fee.

[The Cryptovator]

To be honest, the current gas fee of ETH is quite ridiculous. As we can see many projects moving from the ETH network to other networks like Binance Smart Chain due to gas fees. Burning a high gas fee for token holders is just nonsense. Why community should burn high fees where other smart chains offer lower fees with more latest features? So it's become community demand now to move other smart chains. I have seen lately many Launchpads filled by BSC project where ETH project almost ZERO. So it's pretty clear ETH losing popularity and others are gaining. If the same thing continues for longer projects would leave the ETH chain to deploy the contract.

[Anonylz]

Could it be there is a party who is benefiting from the high gas fees is the reason why they keep postponing the eth 2.0 to fix this issue! If they came about their users they should put all hands on deck and do what is required to bring the gas price down considerably, even though this has led to the rise of competitive networks, a lot of people still have eth base projects that require the use of gas.

[South Park]

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

High gas fees are without a doubt a problem that the ethereum network has been dealing with for years and the developers have failed to fix the problem in a way that makes their community happy, however I do not think that alone is going to be enough for the competitors of ETH to surpass, it is enough so they get more popular and can become stronger competitors, but many more factors will be needed for ethereum to be surpassed by it rivals.

[Hamphser]

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

High gas fees are without a doubt a problem that the ethereum network has been dealing with for years and the developers have failed to fix the problem in a way that makes their community happy, however I do not think that alone is going to be enough for the competitors of ETH to surpass, it is enough so they get more popular and can become stronger competitors, but many more factors will be needed for ethereum to be surpassed by it rivals.

No one knows because community could really decide directly if they are done with high gas fees on erc20 which it did really last for long now and that alone isnt really appealing and wont really be a guarantee that it would really still make things alright.If people would find out other alternatives then one day we would be shocked that there would really be some switch up when it comes to recognition and this is why Devs should
really hurry up theirselves on finding some solution or else that time will really come if they wouldnt really make out some changes and honestly if we do tend to look up on the current market
then there are lots of considerable possible candidates for certain ranks and if the community decides then for sure there would be changes.

[goaldigger]

If ETH can’t address the problem, then most probably other network will take over who offers a faster and cheaper network. I see SOL to close enough for this, if the hype of ETH slowly gone I’m sure its competitor have a better chance now. We’ve been raising the problem since then but until now there’s no solutions ETH should aware of this,  and assure the public that they are already working on this, unfortunately there’s no news about this.

[el kaka22]

It will definitely make a difference, but I do not think that it will get over ETH, just make them get closer. It is not easy to be second ranked coin in crypto, it is definitely not a thing that small time brand new things could do. I understand that ADA and SOL and BNB all tried, but unfortunately that second place is a very strong place to be.

I remember namecoin days, I remember litecoin days, I remember xrp days, I can see the ETH days now as well, and that's about it, nobody stayed more than 30 days aside from these coins. So do not hope that something else will take over that easily, it will take some time for them to do something like this. I believe it needs time and maturity to reach there.

[bhadz]

These competitors have also their bad description that others are seeing. I don't think that they'll be able to overcome eth just because of the fees.
Because if they have to overcome it, long time ago, they should already overtaken ethereum. But as much as we see in the market, still, there's no overtaking that's happening because eth is solid and still favorite of many despite the ouchy fees.

[Yogee]

....
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

I don't think the current situation will change that much even if Ethereum 2.0 is delayed once again. Users are already "immune" to it and they have migrated a long time ago. New retail users will probably prefer other chains with cheaper fees but the larger liquidity will remain in Ethereum.

Mind you that some these competitors have been around for a long time already but they are still chasing until now.

[tvplus006]

Expensive transactions on the Ethereum network are a consequence of scalability problems. And at the moment when this problem is solved, and it will be solved sooner or later, alternative blockchains will lose their advantage, and with it users, for whom only the cost of transactions was important.

[adiebitsler]

Ethereum is indeed well-known as a network that has quite expensive fees today, there are even some transactions in purchasing coins that actually have fees that are more expensive than the price of the coin, and this is why now many cryptocurrency projects are starting to switch to using the BSC chain and also polygons, because the gas costs are much cheaper than eth, but even so, it will be very difficult for platforms like bsc and polygon to be able to beat ethereum at this time, because after all ethereum dominates smart contracts that are indisputable nowadays compared to BSC, besides that the nature of Since Ethereum has been completely decentralized for a long time, they are still believed to be the largest cryptocurrency chain that exists today.

In the past many Altcoins were built using smart contracts from Ethereum so that's what made Ethereum very popular and now BNB is also running this kind of thing through the BSC network by applying cheaper transaction fees than Ethereum so that Altcoin developers want to use it. BSC as a smart contract for their new token, as well as Polygon which has started to enliven this competition by implementing cheaper transaction fees from BSC so that new project developers will look at it as an extraordinary option at this time.

[adzino]

Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same. Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

It's no longer called ETH 2.0. It's called consensus layer (ETH 2.0) and execution layer (ETH 1.0). Shifting from PoW to PoS won't have much affect on the gas price. It is going to be almost the same in the long run. Not sure about the TPS, but there probably won't be a huge difference. Data sharding is what everyone is waiting for. Sharding will reduce the fee on Layer1/Layer2 chains. For now, ETH is almost unusable for any small transaction or trades. It is the Layer 2 solution which is the future of Ethereum.

[khiholangkang]

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

I don't think so, most of the existing networks will have high gas fees if the transactions are too congested, so people will still go for ETH if that's the case.

[Cornia]

Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.

ETH is not a coin that competitors will vanquish. If it had, it would have vanished long ago. ETH is a very popular coin. ETH developers are trying to reduce its gas price. Not only ETH network but other network fees are slowly increasing. However, for those who do big amount transactions, gas fee is not a big issue yet.