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Gas Fee ETH Too Expensive

  • Thread starter Thread starter Suba
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Suba

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why many people are reluctant to use Ethereum just to avoid expensive Gas fees, I haven't used Ethereum for a long time either as an investment or a transaction. How about you, are you still using Ether?
 
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It is not limited to ETH but even BEP20 is the same I wonder I could pay a 0,33 $ gas fee for some kinds of transactions or up to 0,66 $ per transaction means any kind of ERC-20 compatible address.
 
I think that is the problem of Ethereum for years. You get a lot of gas fees and also there does not seem to be a way for the fees to reduce any further. Unless they employ the proof of stake, it would be harder to get the Ethereum cheaper. I suppose the miners lobby does not want to take the mining out of the equation as well. But we may find about this soon on how the Ethereum performs after 2024.
 
Ethereum would risen way more than its present value of not for the outrageous gas fee. I hope isnis addressed very soon inorder to increase acceptance.
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Etherium remains the best platform in the cryptocurrency space as we speak. it has so many uses and the smart contract that was integrated into its platform is another mind-blowing feature that is highly needed in crytpocurrency space.
 
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As an investment, Ethereum is really good as it is the second most valuable crypto. However, as a payment option, Ethereum is not a good choice.
 
Initially, i thought that the Etherum merge is going to address the gas fee issue but unfortunately, we didn't see that happen.
 
Flower said:
Initially, i thought that the Etherum merge is going to address the gas fee issue but unfortunately, we didn't see that happen.
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At the elemental stage, it was stated categorically that it will not treat the gas fee and that was when I knew that it will not have a significant impact apart from proceeding from the proof-of-work to proof-of-stake algorithm.
 
Suba said:
why many people are reluctant to use Ethereum just to avoid expensive Gas fees, I haven't used Ethereum for a long time either as an investment or a transaction. How about you, are you still using Ether?
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This is why I do not like to make use of Ethereum
The gas fee is too much
 
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